Ralph Lauren Stock Price, News & Analysis

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.

Ralph Lauren Corporation (NYSE:RL) has launched Color on Demand, a groundbreaking dyeing platform aimed at revolutionizing cotton dyeing in a sustainable manner. This multi-phased system targets a zero wastewater approach, addressing the environmental impact of traditional dyeing processes, which contribute to 20% of global wastewater.

By utilizing technologies that allow for recycling water and reducing chemical usage, Color on Demand can decrease water use by 40%, energy consumption by 90%, and carbon footprint by 60%. The company aims to implement this system in over 80% of its solid cotton products by 2025.

Ralph Lauren introduces ‘The Lauren Look,’ a subscription apparel rental service under the Lauren Ralph Lauren brand. This pioneering initiative allows consumers to engage with the brand while offering a sustainable approach to fashion. The subscription starts at $125 per month and provides access to an array of clothing options, curated by expert stylists. The launch, planned for March 2nd in North America, aims to cater to modern consumers' evolving wardrobe needs while reducing clothing waste through an after-use donation program.

Ralph Lauren Corporation (NYSE:RL) reported Q3 Fiscal 2021 earnings per diluted share of $1.61, down from $4.41 YoY. Revenue decreased by 18% to $1.4 billion, with North America and Europe revenue down 21% and 28%, respectively. However, digital sales surged by over 70% in Europe and Asia, driving gross margin up to 64.9%. The company announced a strategic realignment plan, expecting pre-tax charges of $300-$350 million but aims for $200-$240 million in annual savings. For Q4, revenue is anticipated to decline mid-to-high single digits as pandemic impacts persist.

Ralph Lauren Corporation (NYSE:RL) reported a second quarter Fiscal 2021 net loss of $39 million, or ($0.53) per share, compared to a profit of $182 million, or $2.34 per share in the same period last year. Adjusted earnings were $1.44 per share, down from $2.55. Revenue fell 30% to $1.2 billion, with North America revenue decreasing 38%. Despite challenges, gross profit rose to $799 million, and digital sales saw double-digit growth. The company is executing a strategic realignment plan, including workforce reductions, expected to save $180-200 million annually.

Ralph Lauren Corporation (NYSE:RL) has partnered with Parity.org and other fashion leaders to launch a roadmap aimed at achieving gender parity in the fashion industry. The initiative, titled 'Unlocking Gender Parity in Fashion,' outlines five key areas for companies to focus on, including executive recruitment, equal pay, and benefits that promote work-life balance. This collaborative effort seeks to address the gender gap at all organizational levels, with an emphasis on measurable progress.

Ralph Lauren Corporation (NYSE:RL) has appointed Valerie Jarrett to its Board of Directors, effective October 20, 2020. With this addition, the Board now consists of 13 directors. Jarrett is a Senior Distinguished Fellow at the University of Chicago Law School and a seasoned leader with extensive experience in public and private sectors. Ralph Lauren's Executive Chairman, Ralph Lauren, and CEO, Patrice Louvet, highlighted her expertise as pivotal for the company’s future. Jarrett expressed her passion for the company’s purpose-driven culture and her commitment to its success.