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) 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.
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Ralph Lauren Corporation (NYSE:RL) reported strong fourth quarter and full year results for Fiscal 2022, with revenues of $6.22 billion, marking a 41% increase year-over-year. Fourth quarter earnings per diluted share were $0.34 on a reported basis and $0.49 adjusted, compared to a loss in the same quarter last year. North America led growth with a 49% revenue increase, while Europe and Asia also saw double-digit growth. The company initiated a 9% dividend increase and expects high single-digit revenue growth for Fiscal 2023, despite potential challenges from currency fluctuations and COVID-19 disruptions.
The Ralph Lauren Corporate Foundation is pledging $25 million to establish and expand cancer centers, including the Ralph Lauren Center for Cancer Prevention in Washington, D.C. This initiative, recognized by the White House Cancer Moonshot, aims to reduce cancer care disparities in underserved communities across the U.S. The funding will also support the MSK Ralph Lauren Center in Harlem and other National Cancer Institute-designated centers. The foundation's efforts will enhance patient navigation, screenings, and early diagnosis to improve cancer outcomes.
Ralph Lauren (NYSE:RL) celebrates the Polo Shirt's cultural significance with the launch of a new coffee table book, Ralph Lauren’s Polo Shirt, published by Rizzoli International. This 544-page volume, priced at $36.95, chronicles the shirt's evolution over five decades. Accompanying the book is a 360-degree marketing campaign aimed at reintroducing the Polo Shirt to a younger audience, featuring sustainable and customizable options. A new concept store will open in Berlin on May 18th, enhancing customer engagement through immersive experiences.
Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.6875 per share, payable on April 15, 2022, to shareholders recorded by the close of business on April 1, 2022. This decision reflects the company's ongoing commitment to return value to shareholders and demonstrates confidence in its business model and financial health. Ralph Lauren, a leader in the premium lifestyle segment, continues to maintain its reputation across various categories including apparel and home.