Ralph Lauren (RL): Poised To Benefit From An Eventual Recovery In Demand

Ralph Lauren Store at Geneva Airport, Switzerland


Investment Thesis: In spite of lower North American sales, I see upside potential for Ralph Lauren based on strong Europe and Asia performance, as well as a strong balance sheet and an attractive P/E ratio.

In a previous

Jul 2022 Apr 2023 Jul 2023
Total current assets 3577.5 3324.1 3473.1
Prepaid expenses and other current assets 217.2 188.7 208
Inventories 1178.2 1071.3 1187.8
Total current liabilities 1745.4 1493.5 1593.7
Quick ratio 1.25 1.38 1.30

Jul 2022 Jul 2023
Cash, cash equivalents, and restricted cash at end of period 1464.3 1614.2
Total liabilities 4587 4427.4
Cash ratio 0.32 0.36

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