In the full year, North America saw revenue decline by 2% to US$3 billion, while Europe had growth of 7% to US$2 billion and Asia was up 10% to US$1.6 billion.

Operating income was US$756 million with a margin of 11.4%. In North America, operating income came in at US$554 million with a margin of 18.8%, while Europe had a result of US$465 million and a margin of 23.6%. In Asia, operating income was US$336 million with a margin of 21.4%.

The company achieved gross profit of US$4.4 billion for the year with a margin of 66.8% while net income totalled US$646 million.

In the fourth quarter alone, revenue was up 2% to US$1.6 billion, with growth of 2% in North America to US$668 million. In Europe, growth was 2% to US$469 million and Asia was up 1% to US$394 million.

Operating income totalled US$108 million for the quarter with a margin of 6.9%. In North America, operating income was US$113 million with an adjusted margin of 17%. Europe had a result of US$112 million with a margin of 23.9% and Asia saw operating income of US$66 million with a margin of 16.8%.

Gross profit for the fourth quarter totalled US$1 billion with a gross profit margin of 66.6%. Net income was US$91 million.

Looking forward, Ralph Lauren expects revenues to increase in the low-single-digits for fiscal 2025, around 2-3%.