Welcome to our dedicated page for Ralph Lauren news (Ticker: RL), a resource for investors and traders seeking the latest updates and insights on Ralph Lauren stock.
Ralph Lauren Corporation (NYSE: RL) represents American luxury at its most refined, blending heritage craftsmanship with modern innovation. This news hub provides investors and industry observers with direct access to the company's official communications and market-moving developments.
Key Resources: Track earnings releases, leadership changes, sustainability initiatives, and product launches through verified press materials. Our curated collection ensures timely access to filings with the SEC, partnership announcements, and strategic business updates that shape RL's market position.
Strategic Insights: Monitor developments across Ralph Lauren's core operations including premium apparel collections, global retail expansion, and digital commerce growth. Stay informed about initiatives impacting the luxury lifestyle sector through primary source documentation.
Bookmark this page for streamlined access to Ralph Lauren's corporate narrative. Check regularly for updates directly from company leadership, ensuring your analysis remains grounded in verified financial disclosures and operational updates.
Ralph Lauren (NYSE: RL) has unveiled Team USA's uniforms for the 2024 Paris Olympic and Paralympic Games, marking the ninth collaboration as an Official Outfitter. The collection, inspired by Paris and American heritage, features tailored designs with sustainable materials. The Opening Ceremony outfit includes a single-breasted wool blazer, oxford shirt, tapered jeans, and suede shoes, while the Closing Ceremony ensemble features a moto-style jacket and white denim. The uniforms are made in the USA, reflecting a commitment to reducing virgin material use. The collection includes a 100% Recycled Cotton Polo Shirt using NFW CLARUS® technology. Available now, the apparel emphasizes unity and inspiration for Team USA and fans worldwide.
Ralph Lauren (NYSE: RL) announces Justin Picicci as the new CFO, effective immediately. Jane Nielsen, the current CFO and COO, will stay as COO until the end of Fiscal 2025. This transition is part of a long-term strategic succession plan. Under Nielsen's leadership, Ralph Lauren saw substantial brand and financial growth, including a 70% rise in average unit retail, a 20% increase in adjusted operating income, and an 80% growth in adjusted EPS. Picicci, with over 18 years at Ralph Lauren, brings extensive experience from various senior finance roles and will focus on sustaining profitable growth and value creation.
Ralph Lauren (NYSE:RL) reported better-than-expected Q4 and full-year fiscal 2024 results. Q4 revenue rose 2% to $1.6 billion, with global direct-to-consumer sales up 6%. Full-year revenue increased 3% to $6.6 billion, while gross margin expanded to 66.8%. Adjusted earnings per share (EPS) for Q4 jumped to $1.71 from $0.90 last year. The company expects low-single-digit revenue growth in fiscal 2025 with continued margin expansion. Ralph Lauren returned $600 million to shareholders through dividends and share repurchases in fiscal 2024 and announced a 10% dividend increase. Justin Picicci will assume the role of CFO effective May 23, 2024.
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