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 reports news on its global luxury lifestyle business, which designs, markets and distributes apparel, footwear and accessories, home products, fragrances and hospitality offerings under brands including Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and Chaps.
Recurring updates include quarterly operating results by geography and channel, direct-to-consumer and wholesale sales trends, dividend declarations on common stock, product collections, brand collaborations and official outfitter relationships tied to major sporting events. Company announcements also cover foundation initiatives, Pink Pony cancer-care programs and fashion manufacturing partnerships that connect the brand to community and industry-development projects.
Ralph Lauren (NYSE: RL) has issued a statement addressing recent media reports in Indonesia. The company clarifies that PT Manggala Putra Perkasa, operating under the name 'Polo Ralph Lauren Indonesia', is not affiliated with Ralph Lauren. The disputes reported in Indonesian media do not involve Ralph Lauren. The company currently does not directly operate any stores in Indonesia and has not authorized any partner to operate Ralph Lauren branded stores in the country.
Ralph Lauren sells its products in Indonesia only through certain third-party retailers. The company is aware of several third parties, including PT Manggala Putra Perkasa, who have registered trademarks similar to Ralph Lauren's in Indonesia. Ralph Lauren is committed to protecting its intellectual property rights and ensuring authentic products and experiences for consumers in the region.
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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