Ralph Lauren Stock Price, News & Analysis

The Ralph Lauren Corporate Foundation has announced a $2 million grant to support scholarships for Black students across 12 historically Black colleges and universities (HBCUs), including Morehouse College and Spelman College. This initiative aims to enhance educational equity and opportunities in the fashion industry, aligning with the corporation's commitments to address systemic racism. The scholarships will assist students in reducing financial burdens and will be distributed over five years in collaboration with the United Negro College Fund (UNCF).

The Board of Directors of Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.6875 per share. This dividend will be payable on January 7, 2022, to shareholders of record as of December 24, 2021. Ralph Lauren is a global leader in the design and distribution of premium lifestyle products across various categories such as apparel, accessories, and home goods, with a focus on authenticity and timeless style.

Ralph Lauren is set to launch The Ralph Lauren Winter Escape on Roblox, debuting on December 8, 2021, and running through January 3, 2022. This innovative holiday-themed experience allows users to explore Ralph Lauren’s digital universe while engaging in winter-themed activities and purchasing exclusive gender-neutral digital clothing.

The initiative reinforces Ralph Lauren's commitment to digital innovation and aims to connect with the next generation of consumers through immersive virtual interactions.

Ralph Lauren Corporation (NYSE: RL) reported a strong second quarter of Fiscal 2022, with revenues up 26% to $1.5 billion, surpassing expectations and showcasing double-digit growth globally. Digital ecosystem revenue surged approximately 45%, driven by a 35% increase in owned digital commerce. The company's operating margin expanded significantly, reaching 17.1% on an adjusted basis, the highest since Fiscal 2013. Earnings per share rose to $2.57 (reported) and $2.62 (adjusted), compared to a loss of $0.53 in the previous year. The company plans to resume share repurchases with $580 million available under its program.

The U.S. Regenerative Cotton Fund has been established by Ralph Lauren Corporate Foundation and Soil Health Institute to support sustainable cotton farming across over one million acres in the U.S. The initiative aims to eliminate one million metric tons of CO2e from the atmosphere by 2026. Backed by a $5 million grant, it empowers farmers to adopt regenerative practices to enhance profitability and address climate challenges. Currently operational in Arkansas, Texas, Mississippi, and Georgia, it plans to expand to states representing 85% of U.S. cotton production.

Frontdoor, Inc (NASDAQ: FTDR) has appointed Christopher Clipper to its board of directors effective October 21, 2021. Clipper, currently CFO at Ralph Lauren, brings extensive experience in finance, accounting, and leadership from various roles in consumer-focused businesses including Nike and Time Warner. His appointment is expected to enhance Frontdoor's strategic operations and future growth. The board has also welcomed D. Steve Boland and restructured its committee memberships, highlighting the company's focus on strong governance and operational excellence.

Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.6875 per share, payable on October 8, 2021

Shareholders of record as of September 24, 2021 will receive this dividend. Ralph Lauren is a global leader in premium lifestyle products across several categories, including apparel and accessories, with a well-established reputation over more than 50 years.

Ralph Lauren Corporation (NYSE: RL) reported a robust Q1 for Fiscal 2022, with adjusted earnings per share of $2.29, a significant recovery from a reported loss of $1.82 in Q1 Fiscal 2021. Revenue surged by 182% to $1.4 billion, buoyed by a 301% increase in North America and a 194% rise in Europe. The company noted growth in digital channels, with a digital revenue increase of over 80%. Despite challenges from COVID-19, Ralph Lauren's operating margin expanded to 16.8%. Looking ahead, the company forecasts revenue growth of 25%-30% for Fiscal 2022.