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 Corporation (NYSE: RL) has launched the first-ever Cradle to Cradle Certified® Gold Cashmere Sweater, part of its plan to achieve certification for five iconic products by 2025. This luxury sweater features fine cashmere fibers and an organic cotton label. Additionally, the company introduced a Cashmere Recycling Program in North America and Europe, partnering with Re-Verso™ to enable recycling of 100% cashmere items from any brand. The move aligns with Ralph Lauren's commitment to sustainability and circular principles, aiming for responsible manufacturing and environmental impact.
Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.75 per share, payable on January 13, 2023. Shareholders on record by the close of business on December 30, 2022 will receive this payment. The company continues to strengthen its position as a leader in the luxury lifestyle market, offering a range of products, including apparel and home goods. Ralph Lauren has established a solid reputation for quality and style over its 50+ years of operation.
Ralph Lauren Corporation (NYSE: RL) announced the election of Wei Zhang to its Board of Directors, effective November 9, 2022. Formerly President of Alibaba Pictures Group, Zhang brings extensive experience in international operations, media, and digital transformation. With this addition, the board expands to 13 members. Executive Chairman Ralph Lauren and CEO Patrice Louvet emphasized Zhang's potential to drive the company’s strategy, especially in the Asian market, as they work towards becoming a leading luxury lifestyle company.
Ralph Lauren Corporation (NYSE: RL) reported a 5% increase in revenue to $1.6 billion for Q2 Fiscal 2023, translating to a 13% rise in constant currency. Earnings per diluted share were $2.18 on a reported basis, down from $2.57 the previous year. The operating margin stood at 13.1%, with a slightly higher adjusted margin of 13.4%. The company maintained its full-year outlook, expecting high-single-digit revenue growth. The Q3 outlook predicts a low- to mid-single-digit increase in revenue, hindered by foreign currency impacts estimated at approximately 780 basis points.
Ralph Lauren (NYSE:RL) has partnered with Epic Games to launch a groundbreaking digital and physical apparel collection inspired by the popular game Fortnite. For the first time in its 55-year history, Ralph Lauren redesigned its iconic Polo Pony logo for this collaboration. The digital collection will debut in the Fortnite Item Shop on November 5, with the physical collection available starting November 2. This initiative highlights Ralph Lauren's commitment to digital innovation and engagement with a younger audience through gaming.
Ralph Lauren Corporation (NYSE:RL) is set to present its Next Great Chapter: Accelerate strategic growth plan in New York City, aiming for sustainable long-term growth. The company anticipates a mid- to high-single digit revenue CAGR and operating profit growth outpacing revenue by fiscal 2025. Ralph Lauren plans to return approximately $2 billion in excess free cash flow to shareholders through dividends and share repurchases by fiscal 2025, highlighted by a 9% increase in its quarterly dividend to $0.75 per share.
Ralph Lauren Corporation (NYSE: RL) has announced a quarterly dividend of $0.75 per share. This dividend will be payable on October 14, 2022 to shareholders of record as of September 30, 2022. The company continues to lead in premium lifestyle products across various categories, maintaining a strong brand identity developed over 50 years in the market.
Ralph Lauren Corporation (NYSE:RL) will hold an investor meeting on September 19, 2022, in New York City, featuring CEO Patrice Louvet and the Executive Leadership Team discussing the company’s strategic growth plan. Due to capacity limitations, in-person attendance is invite-only, but the meeting will be live-streamed on the Investor Relations website starting at 10:15 A.M. EST. The presentation materials will be available for one year post-event.
Ralph Lauren Corporation (NYSE:RL) reported a first quarter revenue increase of 8% to $1.5 billion, with a 13% rise in constant currency, exceeding expectations. Adjusted earnings per share were $1.88, down from $2.29 a year ago. The company achieved a 12.7% adjusted operating margin, surpassing its outlook, aided by disciplined operating expenses. Full year guidance remains at high-single-digit revenue growth and operating margins of 14.0% to 14.5%. The company continues to focus on strategic investments while returning $213 million to shareholders through stock repurchases.
Ralph Lauren Corporation (NYSE: RL) announces the nomination of Deb Cupp, President of Microsoft North America, for election to the Board of Directors at the 2022 Annual Meeting on August 4, 2022. Cupp is recognized for her expertise in business transformation and digital strategies, expected to enhance growth and customer engagement at Ralph Lauren. Additionally, Judith McHale will not seek reelection after serving since 2001. This change in leadership highlights Ralph Lauren's commitment to modernizing its Board.