Ralph Lauren Corporation news and archive

Ralph Lauren Q2 revenues up 3 percent, earnings drop

Ralph Lauren Corporation reported net income of 147 million dollars or earnings per diluted share of 2.19 dollars on a reported basis and 141 million dollars or 2.10 dollars on an adjusted basis for the second quarter. The above results are compared to 2.18 dollars on a reported basis and 2.23 dollars on an adjusted basis in the second quarter...

BusinessFeatured

Ralph Lauren pushes forward with ‘Timeless by Design’ strategy

American luxury fashion brand Ralph Lauren has published its 2023 Global Citizenship and Sustainability Report, outlining its progress to create timeless products and support the people within its workforce, supply chain and communities. In the report, Ralph Lauren reveals that its teams have made “meaningful progress” over the past year,...

BusinessFeatured

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...

Fashion

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...

BusinessFeatured

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...

Business

Ralph Lauren expects mid to high-single digits growth through fiscal 2025

The Ralph Lauren Corporation expects an acceleration in revenue growth to a compound annual growth rate of mid to high-single digits in constant currency over the next three years, through fiscal 2025. The company said in a statement that operating profit growth is expected to exceed the rate of top-line growth as a result of continued operating...

Business

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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,...

Business

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...

BusinessFeatured

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...