Ralph Lauren Stock Price, News & Analysis

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.

Ralph Lauren (NYSE: RL) revealed Team USA's Opening Ceremony Parade Uniform, introducing the innovative RL COOLING technology. This state-of-the-art cooling device will be worn by the flag bearer during the Olympic and Paralympic Opening Ceremonies, designed to mitigate heat discomfort. The uniform features sustainable materials, including US-grown wool and recycled polyester. Ralph Lauren, an Official Outfitter since 2008, supports the athletes with proceeds from the Team USA Collection sales.

Ralph Lauren Corporation (NYSE:RL) reported a significant improvement in its fourth quarter Fiscal 2021 earnings, posting a diluted EPS of ($1.01) on a reported basis and $0.38 adjusted, compared to the previous year's ($3.38) reported and ($0.68) adjusted. For the full year, the company recorded a diluted EPS of ($1.65) reported and $1.70 adjusted, down from $4.98 and $6.56, respectively, in Fiscal 2020. The Board approved a quarterly cash dividend of $0.6875 per share, reinstating dividends suspended during the pandemic. The company aims for sustainable long-term growth despite ongoing market volatility.

Ralph Lauren Corporation (NYSE: RL) has announced the sale of its Club Monaco brand to Regent, L.P., a private equity firm, with the deal expected to close by the end of June. This move is part of Ralph Lauren's strategy to concentrate on its core brands and enhance sustainable growth. Patrice Louvet, CEO, expressed confidence in Regent's ability to drive Club Monaco's future success. This transaction concludes the brand portfolio evaluation initiated under the Fiscal 2021 Strategic Realignment Plan.

Ralph Lauren Corporation (NYSE:RL) partners with Major League Baseball (MLB™) to launch collections featuring iconic teams like the New York Yankees™, Los Angeles Dodgers™, and more. The first capsule releases on May 10, showcasing Polo shirts, satin jackets, and team-themed apparel for all ages. The partnership includes a digital campaign and a cross-country tour with themed food options. Additional capsules are planned for the Fall and Holiday seasons, further enhancing Ralph Lauren’s association with prestigious sporting events.