Edition:
United Kingdom

Ralph Lauren Corp (RL.N)

RL.N on New York Stock Exchange

139.41USD
19 Jun 2018
Change (% chg)

$-1.17 (-0.83%)
Prev Close
$140.58
Open
$138.56
Day's High
$139.82
Day's Low
$136.97
Volume
321,158
Avg. Vol
221,589
52-wk High
$145.92
52-wk Low
$70.28

Latest Key Developments (Source: Significant Developments)

Ralph Lauren Presents Its Strategic Growth Plan, "Writing Our Next Great Chapter" And Long Term Financial Outlook
Thursday, 7 Jun 2018 

June 7 (Reuters) - Ralph Lauren Corp ::RALPH LAUREN PRESENTS ITS STRATEGIC GROWTH PLAN, “WRITING OUR NEXT GREAT CHAPTER” AND LONG TERM FINANCIAL OUTLOOK.RALPH LAUREN CORP - ADDITIONAL $1 BILLION STOCK REPURCHASE PROGRAM AND A 25% DIVIDEND INCREASE AUTHORIZED BY BOARD OF DIRECTORS.RALPH LAUREN CORP - FIVE-YEAR FINANCIAL OUTLOOK INCLUDES LOW TO MID-SINGLE DIGIT REVENUE COMPOUNDED ANNUAL GROWTH RATE.RALPH LAUREN CORP - IN ADDITION, CAPITAL EXPENDITURES ARE EXPECTED TO REPRESENT 4-5% OF REVENUE BY FISCAL 2023.RALPH LAUREN - FIVE-YEAR FINANCIAL OUTLOOK INCLUDES MID-TEEN OPERATING MARGIN BY FISCAL 2023 IN CONSTANT CURRENCY, EXCLUDING RESTRUCTURING CHARGES.RALPH LAUREN CORP - CO IS REITERATING FISCAL 2019 GUIDANCE THAT WAS RECENTLY PROVIDED ON ITS EARNINGS CALL ON MAY 23.RALPH LAUREN CORP - LINDA KOZLOWSKI, COO OF ETSY, TO BE ADDED TO BOARD OF DIRECTORS.RALPH LAUREN CORP - BOARD OF DIRECTORS APPROVED A RESTRUCTURING PLAN ASSOCIATED WITH COMPANY'S STRATEGIC OBJECTIVE.RALPH LAUREN CORP - CO IS TARGETING A RETURN TO REVENUE GROWTH IN FISCAL 2020 IN CONSTANT CURRENCY.RALPH LAUREN CORP - EXPECTS TO INCUR RESTRUCTURING CHARGES OF $100-$150 MILLION IN CONNECTION WITH ITS FISCAL 2019 RESTRUCTURING PLAN.RALPH LAUREN CORP - CAPITAL EXPENDITURES ARE EXPECTED TO REPRESENT 4-5% OF REVENUE BY FISCAL 2023.RALPH LAUREN CORP - CHARGES ARE EXPECTED TO BE SUBSTANTIALLY RECOGNIZED BY END OF FISCAL 2019.  Full Article

Ralph Lauren Reports Q4 Adjusted Earnings Per Share $0.90 Excluding Items
Wednesday, 23 May 2018 

May 23 (Reuters) - Ralph Lauren Corp ::RALPH LAUREN REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.90 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.50.Q4 REVENUE $1.5 BILLION.FOREIGN CURRENCY IS EXPECTED TO BENEFIT REVENUE GROWTH BY APPROXIMATELY 150-200 BASIS POINTS IN Q1 OF FISCAL 2019.IN Q1 OF FISCAL 2019, COMPANY EXPECTS NET REVENUE TO BE FLAT TO DOWN SLIGHTLY IN CONSTANT CURRENCY.PLANNING CAPITAL EXPENDITURES OF APPROXIMATELY $275 MILLION FOR FISCAL 2019.OPERATING MARGIN FOR Q1 OF FISCAL 2019 IS EXPECTED TO BE UP SLIGHTLY IN CONSTANT CURRENCY.FOR FISCAL 2019, NET REVENUE IS EXPECTED TO DECREASE LOW SINGLE-DIGITS IN CONSTANT CURRENCY.FOREIGN CURRENCY IS EXPECTED TO HAVE MINIMAL IMPACT ON REVENUE GROWTH IN FISCAL 2019.NORTH AMERICA REVENUE IN THE FOURTH QUARTER DECREASED 14% ON BOTH A CONSTANT CURRENCY AND REPORTED BASIS TO $759 MILLION.EXPECTS OPERATING MARGIN FOR FISCAL 2019 TO BE UP SLIGHTLY IN CONSTANT CURRENCY DRIVEN BY GROSS MARGIN EXPANSION.EUROPE REVENUE IN THE FOURTH QUARTER $420 MILLION, DOWN 1% IN CONSTANT CURRENCY BASIS.ASIA REVENUE IN THE FOURTH QUARTER $257 MILLION, UP 11% ON CONSTANT CURRENCY BASIS.  Full Article

Ralph Lauren expects Q4 SG&A expense to rise as co invests in marketing and stores
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Ralph Lauren Corp :Ralph Lauren -Co expects to reach almost $0.5 billion in revenue in Greater China along with Hong Kong, Macau and Taiwan in 5 yrs from about $170 million in 2017.Ralph Lauren - saw about 1 point of comp pressure in North America in Q2 due to hurricanes with meaningful impact in Texas, Florida and Puerto Rico -conf call.Ralph Lauren - In Q3, SG&A rate will create some pressure as co laps last year's expense reductions, invests in marketing, product and stores -conf call.Ralph Lauren - expects Q4 sales to be pressured on shift in wholesale shipments, and March quarter is driven by clearance sales post holiday -conf call.Ralph Lauren -for Q4, expect SG&A expense to rise versus last year due to double-digit growth in marketing expense in 2H -conf call.Ralph Lauren - Co says it is down 20 percent to 25 percent points of distribution in department stores -conf call.Ralph Lauren - expects gross margin expansion in 2H 2018 of at least 150 basis points -conf call.  Full Article

Ralph Lauren reports Q2 adjusted earnings per share of $1.99
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Ralph Lauren Corp :Ralph Lauren reports second quarter fiscal 2018 results.Q2 adjusted earnings per share $1.99 excluding items.Q2 earnings per share $1.75.Q2 earnings per share view $1.89 -- Thomson Reuters I/B/E/S.Q2 revenue $1.7 billion versus I/B/E/S view $1.65 billion.Ralph Lauren Corp - in the third quarter of fiscal 2018, the company expects net revenue to be down 6%-8%, excluding the impact of foreign currency‍​.Ralph Lauren Corp- ‍North America revenue in Q2 decreased 16 percent to $877 million​.Ralph Lauren Corp- ‍Europe revenue in Q2 increased 4 percent to $463 million on a reported basis and was flat in constant currency​.Ralph Lauren Corp - operating margin for q3 of fiscal 2018 is expected to be down 50-70 basis points, excluding the impact of foreign currency‍​.Ralph Lauren Corp- ‍Asia revenue in Q2 was flat compared with prior year period on a reported basis at $217 million and increased 4 percent in constant currency​.Ralph Lauren Corp - expect capital expenditures of approximately $225 million for fiscal 2018, lower than previous guidance of $300 million‍​.Ralph Lauren-now expects operating margin for fiscal 2018 to be 9.5%-10.5%, excluding impact of foreign currency, versus previous guidance of 9.0%-10.5%.Ralph Lauren-for fiscal 2018, the company continues to expect net revenue to decrease 8% to 9%, excluding the impact of foreign currency.  Full Article

Ralph Lauren says Q1 consolidated comparable store sales fell 6 pct on reported basis
Wednesday, 10 Aug 2016 

Ralph Lauren Corp : Ralph Lauren reports first quarter fiscal 2017 results . Q1 loss per share $0.27 . Q1 revenue $1.6 billion versus I/B/E/S view $1.53 billion . Q1 adjusted earnings per share $1.06 excluding items . Q1 earnings per share view $0.89 -- Thomson Reuters I/B/E/S . Expects its fiscal 2017 restructuring activities to result in approximately $180-$220 million of annualized expense savings . Consolidated comparable store sales decreased 6% on reported basis and 7% in constant currency during Q1 . Q1 wholesale net sales $607 million versus $642 million last year . In Q1 of fiscal 2017, company recorded $104 million in restructuring and related impairment charges . Restructuring charges are expected to be substantially realized by end of fiscal 2017 . Based on current exchange rates, foreign currency will have minimal impact on revenue growth in Q2 . Company maintains its full fiscal year outlook . Expects to incur restructuring charges of up to $400 million as a result of fiscal 2017 restructuring activities . Expects to incur up to a $150 million inventory charge associated with company's way forward plan . $180-$220 million of savings is in addition to $125 million of cost savings associated with company's fiscal 2016 restructuring activities . In Q2 of fiscal 2017, company expects consolidated net revenues to be down mid-to-high single digits on a reported basis . In Q1 of fiscal 2017, company recorded $50 million in inventory charges.  Full Article