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.
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Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.75 per share, payable on April 14, 2023, to shareholders of record by the close of business on March 31, 2023. This dividend reflects the company’s commitment to returning value to its shareholders amidst its longstanding reputation as a leader in luxury lifestyle products across various categories, including apparel and home goods.
Ralph Lauren Corporation (NYSE:RL) reported a 1% increase in third-quarter revenue to $1.8 billion, with a 7% rise in constant currency, surpassing expectations. Earnings per diluted share reached $3.20 on a reported basis and $3.35 adjusted. Operating margins were 15.4% and adjusted margins at 16.0%. The company reiterated its full-year outlook, forecasting high-single-digit revenue growth in constant currency, with foreign currency effects moderating. Year-to-date, approximately $560 million was returned to shareholders via dividends and share repurchases.
Ralph Lauren has launched a film titled "A Heritage Preserved" to celebrate Black History Month. The film features cultural leaders discussing the significance of preserving Black heritage at the historic Akwaaba Mansion in Brooklyn. This initiative emphasizes the company's commitment to showcasing Black experiences and cultural storytelling. The film aims to inspire through narratives of love, joy, and hope within Black communities. The full film can be viewed on Ralph Lauren's website.