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) 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.
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.
Summary not available.
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.