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Ralph Lauren Corp (RL)

RL on New York Consolidated

115.14USD
23 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Ralph Lauren expects Q4 SG&A expense to rise as co invests in marketing and stores
Thursday, 2 Nov 2017 10:22am EDT 

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 08:01am EDT 

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

Tiffany names Roger Farah chairman of the board
Thursday, 21 Sep 2017 05:00pm EDT 

Sept 22 (Reuters) - Tiffany & Co :Tiffany names new chairman of the board.Says Roger Farah appointed chairman of the board.Tiffany & Co says ‍Michael J. Kowalski, chairman will remain a director​.Tiffany & Co - ‍Roger Farah has served in leadership roles at Ralph Lauren, Venator group, R.H. Macy & Co. Inc and Federated Merchandising Services​.Tiffany & Co - ‍newly-appointed CEO Alessandro Bogliolo will join company in October.​.  Full Article

Ralph lauren Corp says recommends stockholders reject mini-tender offer by TRC Capital Corporation​
Tuesday, 8 Aug 2017 04:05pm EDT 

Aug 8 (Reuters) - Ralph Lauren Corp :Ralph Lauren Corp - ‍ralph Lauren recommends stockholders reject mini-tender offer by TRC capital corporation​.Ralph Lauren Corp - ‍received notice of an unsolicited mini-tender offer by TRC Capital Corporation​.Ralph lauren corp - ‍offer to purchase from company's stockholders up to 1.5 million shares of class A common stock at $72 per share​.Ralph Lauren Corp - ‍does not endorse TRC capital's unsolicited mini-tender offer and recommends that stockholders do not tender their shares​.  Full Article

Ralph Lauren Q1 earnings per share $0.72
Tuesday, 8 Aug 2017 08:01am EDT 

Aug 8 (Reuters) - Ralph Lauren Corp :Ralph Lauren reports first quarter fiscal 2018 results.Q1 adjusted earnings per share $1.11 excluding items.Q1 earnings per share $0.72.Q1 revenue $1.3 billion versus I/B/E/S view $1.34 billion.Q1 earnings per share view $0.94 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue down 8 to 9 percent.Ralph Lauren Corp - ‍in Q2 of fiscal 2018, company expects net revenue to be down 9-10%​.Ralph Lauren Corp - ‍operating margin for Q2 of fiscal 2018 is expected to be up 40-60 basis points, excluding foreign currency impacts.​.Ralph Lauren Corp - ‍expect capital expenditures of approximately $300 million for fiscal 2018​.Q2 revenue view $1.60 billion -- Thomson Reuters I/B/E/S.FY2018 revenue view $6.01 billion -- Thomson Reuters I/B/E/S.Ralph Lauren Corp - in Q1, company delivered on lowering inventory levels by 31 percent to last year.Ralph Lauren Corp - ‍full year 2018 guidance on a constant currency basis is unchanged​.Ralph Lauren Corp - ‍fiscal 2018 non-GAAP guidance excludes estimated pretax restructuring-related and other charges of approximately $200 million..Ralph Lauren Corp - ‍continues to expect operating margin for fiscal 2018 to be 9.0 percent -10.5 percent, excluding impact of foreign currency​.  Full Article

Ralph Lauren sets regular quarterly dividend of $0.50per share
Friday, 16 Jun 2017 04:05pm EDT 

June 16 (Reuters) - Ralph Lauren Corp ::Sets regular quarterly dividend of $0.50per share.  Full Article

Revlon says CFO Juan Figuereo is retiring from company
Tuesday, 6 Jun 2017 09:00am EDT 

June 6 (Reuters) - Revlon Inc ::Revlon announces changes to chief financial officer role.Juan Figuereo, chief financial officer, is retiring from company.Chris Peterson will assume direct responsibility for CFO role, effective immediately.Revlon inc - prior to joining Revlon, Peterson served in a number of senior executive positions at Ralph Lauren corporation.  Full Article

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

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Neiman Marcus names Ralph Lauren executive as CEO

Neiman Marcus Group Ltd [NMRCUS.UL] on Friday named Geoffroy van Raemdonck, an executive at upscale clothing manufacturer Ralph Lauren Corp , to succeed Karen Katz as chief executive officer of the debt-burdened luxury retailer next month.