Ralph Lauren Corporation news and archive

Ralph Lauren reports earnings growth, revenues beat expectations

Ralph Lauren Corporation reported net income of 216 million dollars or earnings per diluted share of 3.20 dollars on a reported basis and 226 million dollars adjusted net income or 3.35 dollars on an adjusted basis for the third quarter of fiscal 2023 compared to 2.93 dollars on a reported basis and 2.94 dollars on an adjusted basis for the same...

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Ralph Lauren elects Wei Zhang to its board of directors

Ralph Lauren Corporation has announced the election of Wei Zhang, most recently senior advisor and prior president of Alibaba Pictures Group, to the company’s board of directors, effective November 9, 2022. With the election of Zhang, the Ralph Lauren Board is now composed of 13 directors. “I look forward to learning from Wei, who shares a...

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Ralph Lauren's Q2 revenue growth beats expectations

Ralph Lauren Corporation reported earnings per diluted share of 2.18 dollars on a reported basis and 2.23 dollars on an adjusted basis for the second quarter compared to 2.57 dollars on a reported basis and 2.62 dollars on an adjusted basis, for the same quarter of fiscal 2022. In the second quarter, revenue increased by 5 percent to 1.6 billion...

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Ralph Lauren nominates Microsoft executive Deb Cupp to its board

Ralph Lauren Corporation has nominated Deb Cupp, president of Microsoft North America,as a director for election at the company’s 2022 annual meeting of stockholders, to be held on August 4, 2022. The company also announced that Judith McHale, who has served on the Ralph Lauren board of directors since 2001, will not stand for reelection after...

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Ralph Lauren swings to black in Q2, revenues up 26 percent

Ralph Lauren Corporation reported earnings per diluted share of 2.57 dollars on a reported basis and 2.62 dollars on an adjusted basis for the second quarter of fiscal 2022. This, the company said, compared to loss per diluted share of 53 cents on a reported basis and earnings per share of 1.44 dollars on an adjusted basis, for the second...

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Ralph Lauren returns to Q1 earnings growth, revenue up 182 percent

Ralph Lauren Corporation said, earnings per diluted share for the first quarter were 2.18 dollars on a reported basis and 2.29 dollars on an adjusted basis compared to loss per diluted share of 1.75 dollars on a reported basis and negative 1.82 dollars on an adjusted basis, for the first quarter of fiscal 2021. In the first quarter of fiscal...

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Ralph Lauren Q4 revenues increase, reports profit

Ralph Lauren Corporation reported loss per diluted share of 1.01 dollars on a reported basis and earnings of 38 cents on an adjusted basis for the fourth quarter of fiscal 2021. This compared to loss per diluted share of 3.38 dollars on a reported basis and 68 cents on an adjusted basis, for the fourth quarter of fiscal 2020. For fiscal 2021,...

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Ralph Lauren sells Club Monaco to PE investor Regent

Ralph Lauren Corporation has announced the sale of the Club Monaco brand to global private equity firm Regent, L.P. The company said that the transaction is expected to close by the end of June. “As we increase our focus on our core namesake brands, we want to ensure the Club Monaco brand is also well-positioned for long-term success. We are...

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Ralph Lauren reports decline in Q3 sales and earnings

Ralph Lauren Corporation reported earnings per diluted share of 1.61 dollars on a reported basis and 1.67 dollars on an adjusted basis, for the third quarter of fiscal 2021 compared to earnings per diluted share of 4.41 dollars on a reported basis and 2.86 dollars on an adjusted basis, for the same quarter of fiscal 2020. Net revenue decreased...

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Ralph Lauren to cut global workforce by the end of fiscal 2021

Ralph Lauren Corporation has announced that as part of its plan to accelerate sustainable long-term growth, the company will reduce its global workforce by the end of the company’s fiscal 2021, which is expected to result in gross annualized pre-tax expense savings of approximately 180 million dollars to 200 million dollars, with savings...

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Ralph Lauren Q1 loss reaches 128 million dollars, sales down 66 percent

Ralph Lauren reported net loss in the first quarter of 128 million dollars or loss of 1.75 dollars per diluted share on a reported basis. On an adjusted basis, net loss was 133 million dollars or loss of 1.82 dollars per diluted share. This compares to net income of 117 million dollars or 1.47 dollars per diluted share on a reported basis, and...

Management

Ralph Lauren draws down 475 million dollars from credit line

Ralph Lauren Corporation has taken additional pre-emptive actions to preserve cash and strengthen its liquidity while navigating the evolving global pandemic. The company said in a statement that measures include managing its expense structure across all key areas of spend, reducing or delaying capital expenditures and aligning inventories to...