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) 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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