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.
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.
Summary not available.
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.
Summary not available.
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.