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Ralph Lauren Corp (RL.N)

RL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ralph Lauren Corp says had about 23,300 employees as of April 1, 2017
Thursday, 18 May 2017 04:37pm EDT 

May 18 (Reuters) - Ralph Lauren Corp :Ralph Lauren Corp says as of April 1, 2017, had about 23,300 employees versus 26,000 employees as of April 2, 2016 - SEC filing.Ralph Lauren Corp says in fiscal 2017, expect to spend about $400 million in capital expenditures, primarily to support global retail store expansion.  Full Article

Ralph Lauren reports Q4 adj. earnings per share $0.89 excluding items
Thursday, 18 May 2017 08:01am EDT 

May 18 (Reuters) - Ralph Lauren Corp :Ralph lauren reports fourth quarter and full year fiscal 2017 results.Q4 adjusted earnings per share $0.89 excluding items.Q4 loss per share $2.48.Q4 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Sees fy 2018 revenue down 8 to 9 percent.Q4 revenue $1.6 billion versus i/b/e/s view $1.56 billion.Ralph Lauren Corp - operating margin for Q1 of fiscal 2018 is expected to be about 9.5-10.0%.Ralph Lauren Corp - foreign currency is expected to have approximately 150 basis points of negative impact on revenue growth in fiscal 2018.Ralph Lauren Corp says expects operating margin for fiscal 2018 to be 9.0%-10.5%.Ralph Lauren Corp - Q4 comparable retail store sales decreased 11% on a constant currency basis.Ralph Lauren Corp - "we are planning capital expenditures of $300-320 million for fiscal 2018".Ralph Lauren Corp says in Q1 of fiscal 2018, company expects net revenue to be down low double-digits, excluding impact of foreign currency.Ralph Lauren Corp says in fiscal 2018, company is adopting accounting standard update (asu) 2016-09 for accounting of employee share-based payments.Says adoption of ASU 2016-09 is expected to be most impactful in first and second quarters of fiscal year 2018.Says based on a stock price of $75 per share, adoption of asu 2016-09 is expected to raise fiscal 2018 tax rate to 28%.  Full Article

Ralph Lauren names Patrice Louvet CEO
Wednesday, 17 May 2017 08:00am EDT 

May 17 (Reuters) - Ralph Lauren Corp ::Ralph Lauren Corporation names Patrice Louvet president and CEO .Ralph Lauren will continue as executive chairman and chief creative officer.Louvet most recently served as group president, global beauty at Procter & Gamble (P&G).Louvet's appointment will become effective July 17, 2017, at which time he will also be appointed to Ralph Lauren Corp board.  Full Article

Ralph Lauren to cut jobs, close flagship Polo store in NY
Tuesday, 4 Apr 2017 08:03am EDT 

Ralph Lauren Corp : Ralph Lauren-on March 30, board approved additional restructuring-related activities associated with its previously announced way forward plan . Ralph Lauren - additional restructuring-related activities will result in a reduction in workforce, closure of certain corporate office and store locations . Ralph Lauren Corp - restructuring includes closure of its polo store at 711 fifth avenue in new york city . Ralph Lauren - actions, which will result in approximately $140 million in annualized expense savings . Ralph Lauren-restructuring of current digital operations, shift to a new e-commerce platform through new agreement with salesforce's commerce cloud . Ralph Lauren Corp - in connection with additional restructuring-related activities, expects to incur total estimated charges of approximately $370 million . Ralph Lauren Corp - $140 million savings are in addition to $180 million-$220 million of annualized expense savings announced at company's June 7, 2016 investor day . Ralph Lauren-estimated charges from additional restructuring incremental to estimated range previously announced related to company's way forward plan .Ralph Lauren - will also explore new retail concepts, including leveraging Ralph's coffee, and developing new store formats.  Full Article

Ralph Lauren sets regular quarterly dividend of $0.50 per share
Friday, 10 Mar 2017 04:05pm EST 

Ralph Lauren Corp :Sets regular quarterly dividend of $0.50 per share.  Full Article

Ralph Lauren comments on impact of 2016 U.S. Presidential Election
Thursday, 9 Feb 2017 06:55am EST 

Ralph Lauren Corp : as a result of Larsson agreement, expects to incur total estimated charges of about $20 million over course of Q4 and Q1 - sec filing . result of 2016 U.S. Presidential election has introduced greater uncertainty with respect to tax, trade policies, tariffs . As majority of products are produced outside U.S., major changes in tax policies, trade relations could have material adverse effect on business Source (http://bit.ly/2kvo3bN) Further company coverage: [RL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ralph Lauren CFO says expects 2017 capital expenditures of about $325 mln - conf call
Thursday, 2 Feb 2017 10:33am EST 

: Ralph Lauren CEO Stefan Larsson - "Board, Ralph, and I have over the last month worked very hard to find common ground" - conf call . Ralph Lauren CFO - on track to close about 50 stores this year - conf call . Ralph Lauren CFO - week after Christmas included in Q3, Easter to shift into Q1; effects of calendar shifts to pressure Q4 comps about 3 percent points - conf call . Ralph Lauren CFO - now expect capital expenditures for fiscal 2017 to be about $325 million, down $50 million from previous guidance - conf call Further company coverage: [RL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ralph Lauren reports Q3 adjusted earnings of $1.86 per share
Thursday, 2 Feb 2017 08:01am EST 

Ralph Lauren Corp : Ralph Lauren reports third-quarter fiscal 2017 results . Q3 adjusted earnings per share $1.86 . Q3 earnings per share $0.98 . Q3 earnings per share view $1.64 -- Thomson Reuters I/B/E/S . Q3 revenue $1.7 billion versus I/B/E/S view $1.71 billion . Ralph Lauren says for fiscal 2017, company is maintaining its guidance . Ralph Lauren says continues to expect operating margin for fiscal 2017 to be approximately 10% . Ralph Lauren expects to incur restructuring charges of about $400 million as a result of fiscal 2017 restructuring activities . Ralph Lauren - for fiscal 2017, company is maintaining its guidance . Ralph Lauren says operating margin for q4 of fiscal 2017 is expected to be 6.0%-6.5% . Ralph Lauren says foreign currency is estimated to pressure operating margin by about 100 basis points for q4 . Ralph Lauren - expects to incur a $150 million inventory charge associated with company's way forward plan . Ralph Lauren - qtrly consolidated comparable store sales decreased 5% on a reported basis and were down 4% on a constant currency basis . Ralph Lauren - restructuring charges, inventory charge expected to be substantially realized by end of fiscal 2017 .Fy2017 earnings per share view $5.46, revenue view $6.64 billion -- Thomson Reuters I/B/E/S.  Full Article

Ralph Lauren Corp announces CEO departure
Thursday, 2 Feb 2017 08:01am EST 

Ralph Lauren Corp - : Ralph Lauren Corporation announces CEO departure . Company and stefan larsson mutually agree to part ways . Company will conduct ceo search; execution of way forward plan will continue . Stefan Larsson, president and chief executive officer, will depart from company on May 1 . Chief financial officer jane nielsen will lead execution of plan until a new CEO joins company. . Company will continue to execute way forward plan announced in june 2016 . Ralph Lauren Corp chairman Ralph Lauren says had "different views" with larsson "on how to evolve creative and consumer-facing parts of business" . Previously announced a plan "to refocus company" is on track .Ralph Lauren's chairman Ralph Lauren says "after many conversations with one another, and our board", "agreed to part ways" with Larsson.  Full Article

Ralph Lauren sets regular quarterly dividend of $0.50/shr
Tuesday, 13 Dec 2016 04:05pm EST 

Ralph Lauren Corp :Sets regular quarterly dividend of $0.50 per share.  Full Article

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BRIEF-Ralph Lauren Corp says had about 23,300 employees as of April 1, 2017

* Ralph Lauren Corp says as of April 1, 2017, had about 23,300 employees versus 26,000 employees as of April 2, 2016 - SEC filing