Ralph Lauren Corporation - RL STOCK NEWS

Ralph Lauren (NYSE:RL) has launched its second Artist in Residence collaboration, Double RL x Zefren-M, featuring Diné (Navajo) artist Zefren-M. The capsule collection, part of Fall/Holiday 2024, combines Double RL's vintage Americana style with traditional Navajo craftsmanship. The collection includes iconic workshirts, hand-knit shawl cardigans, accessories, and floor rugs, featuring designs inspired by Navajo culture and tradition. A portion of sales will benefit The Lyndon Foundation, supporting Native communities. The collection will be available in select stores globally starting November 7, and online from November 14.

Ralph Lauren (NYSE:RL) has released its 2024 Global Citizenship & Sustainability Report, highlighting progress in its Timeless by Design strategy. Key achievements include:

• Launching an Artist in Residence program with Diné artisan Naiomi Glasses
• Introducing Cradle to Cradle Certified® Denim Flag Trucker Jacket and 100% Recycled Cotton Polo
• Reducing absolute emissions by 33% against FY20 baseline
• Phasing out coal use in manufacturing supply chain
• Opening a new Ralph Lauren Center for Cancer Prevention at USC Norris Comprehensive Cancer Center

The report emphasizes Ralph Lauren's commitment to creating timeless, quality pieces while focusing on sustainable practices and community engagement.

Ralph Lauren (NYSE: RL) has announced a regular quarterly dividend of $0.825 per share on its Common Stock. The dividend will be payable on October 11, 2024, to shareholders of record at the close of business on September 27, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders and maintaining a consistent dividend policy. The declaration of a quarterly dividend can be seen as a positive sign of the company's financial health and confidence in its future cash flows.

Ralph Lauren (NYSE:RL) reported strong Q1 fiscal 2025 results, with revenue increasing 1% on a reported basis and 3% in constant currency. The company saw global direct-to-consumer comparable store sales grow 5%, driven by positive retail comps across all regions. Adjusted gross and operating margin expansion exceeded expectations, with brand elevation and expense discipline offsetting investments in marketing and ecosystem expansion.

Key highlights include:

• Earnings per diluted share of $2.61, up 33% on a reported basis
• Adjusted earnings per diluted share of $2.70, up 15%
• Revenue growth led by Europe (6% reported, 7% constant currency) and Asia (4% reported, 9% constant currency)
• Average unit retail (AUR) increased 6% across direct-to-consumer network
• Maintained $1.8 billion in cash and short-term investments
• Inventories down 13% compared to last year

The company reaffirmed its full year fiscal 2025 outlook of low-single digit revenue growth and adjusted operating margin expansion of 100 to 120 basis points in constant currency.

Ralph Lauren (NYSE: RL) has issued a statement addressing recent media reports in Indonesia. The company clarifies that PT Manggala Putra Perkasa, operating under the name 'Polo Ralph Lauren Indonesia', is not affiliated with Ralph Lauren. The disputes reported in Indonesian media do not involve Ralph Lauren. The company currently does not directly operate any stores in Indonesia and has not authorized any partner to operate Ralph Lauren branded stores in the country.

Ralph Lauren sells its products in Indonesia only through certain third-party retailers. The company is aware of several third parties, including PT Manggala Putra Perkasa, who have registered trademarks similar to Ralph Lauren's in Indonesia. Ralph Lauren is committed to protecting its intellectual property rights and ensuring authentic products and experiences for consumers in the region.

Ralph Lauren (NYSE: RL) has unveiled Team USA's uniforms for the 2024 Paris Olympic and Paralympic Games, marking the ninth collaboration as an Official Outfitter. The collection, inspired by Paris and American heritage, features tailored designs with sustainable materials. The Opening Ceremony outfit includes a single-breasted wool blazer, oxford shirt, tapered jeans, and suede shoes, while the Closing Ceremony ensemble features a moto-style jacket and white denim. The uniforms are made in the USA, reflecting a commitment to reducing virgin material use. The collection includes a 100% Recycled Cotton Polo Shirt using NFW CLARUS® technology. Available now, the apparel emphasizes unity and inspiration for Team USA and fans worldwide.

Ralph Lauren (NYSE: RL) announces Justin Picicci as the new CFO, effective immediately. Jane Nielsen, the current CFO and COO, will stay as COO until the end of Fiscal 2025. This transition is part of a long-term strategic succession plan. Under Nielsen's leadership, Ralph Lauren saw substantial brand and financial growth, including a 70% rise in average unit retail, a 20% increase in adjusted operating income, and an 80% growth in adjusted EPS. Picicci, with over 18 years at Ralph Lauren, brings extensive experience from various senior finance roles and will focus on sustaining profitable growth and value creation.

Ralph Lauren (NYSE:RL) reported better-than-expected Q4 and full-year fiscal 2024 results. Q4 revenue rose 2% to $1.6 billion, with global direct-to-consumer sales up 6%. Full-year revenue increased 3% to $6.6 billion, while gross margin expanded to 66.8%. Adjusted earnings per share (EPS) for Q4 jumped to $1.71 from $0.90 last year. The company expects low-single-digit revenue growth in fiscal 2025 with continued margin expansion. Ralph Lauren returned $600 million to shareholders through dividends and share repurchases in fiscal 2024 and announced a 10% dividend increase. Justin Picicci will assume the role of CFO effective May 23, 2024.