All eyes in the luxury market are fixed on the slowdown in China. With the notable exception of Hermès, most luxury brands are reporting declining sales there.
Tapestry owns famous brands such as Kate Spade and Coach and has been delivering solid growth over the years. Ralph Lauren is a luxury apparel brand that has broad appeal and is steadily growing its worldwide presence.
Despite the volatility seen this summer, certain stocks are managing to outperform the broader market. Strong second-quarter financial results and positive forward guidance have propelled some stocks ahead of their peers and are leading to big gains for their shareholders.
Ralph Lauren Corporation had modest Q1 2025 results, but looks strong against luxury peers like LVMH and Kering. Margin expansion and continued intangible investments showcase the company's success in brand elevation strategy. Fair valuation at 13x FY25E NOPAT, yielding 10.5%, with potential for growth if the economy recovers.
Ralph Lauren Corporation (NYSE:RL ) Q1 2025 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Corinna Van der Ghinst - Investor Relations Patrice Louvet - President and Chief Executive Officer Justin Picicci - Chief Financial Officer Conference Call Participants Michael Binetti - Evercore ISI Laurent Vasilescu - BNP Paribas Matthew Boss - J.P. Morgan John Kernan - TD Cowen...
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