Forecast Of The Day: Ralph Lauren’s North America Revenue

-4.64%
Downside
121
Market
115
Trefis
RL: Ralph Lauren logo
RL
Ralph Lauren

What?

Ralph Lauren (NYSE:RL) North America Revenue declined from $3.14 billion in FY’20 to about $2 billion in FY’21. Trefis expects sales to recover to $2.9 billion in FY’22 and to $3 billion by FY’23. Fiscal years end in March.

Why?

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Sales took a hit in FY’21, due to the impact of Covid-19 and the associated lockdowns. However, with improving macroeconomic conditions and steadily rising consumer confidence, we expect the sales of full-priced merchandise to increase in the U.S, driving revenue higher.

So What?

We don’t think the recovery is fully priced into RL stock. We value RL at about $136 per share,12% ahead of the current market price.

See Our Complete Analysis For Ralph Lauren

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Returns Mar 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 RL Return -10% 0% 31%
 S&P 500 Return 2% -6% 99%
 Trefis MS Portfolio Return 1% -9% 258%

[1] Month-to-date and year-to-date as of 3/22/2022
[2] Cumulative total returns since the end of 2016

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