Ralph Lauren Corporation - RL STOCK NEWS

Ralph Lauren Corporation (NYSE:RL) reported a 1% increase in third-quarter revenue to $1.8 billion, with a 7% rise in constant currency, surpassing expectations. Earnings per diluted share reached $3.20 on a reported basis and $3.35 adjusted. Operating margins were 15.4% and adjusted margins at 16.0%. The company reiterated its full-year outlook, forecasting high-single-digit revenue growth in constant currency, with foreign currency effects moderating. Year-to-date, approximately $560 million was returned to shareholders via dividends and share repurchases.

Ralph Lauren has launched a film titled "A Heritage Preserved" to celebrate Black History Month. The film features cultural leaders discussing the significance of preserving Black heritage at the historic Akwaaba Mansion in Brooklyn. This initiative emphasizes the company's commitment to showcasing Black experiences and cultural storytelling. The film aims to inspire through narratives of love, joy, and hope within Black communities. The full film can be viewed on Ralph Lauren's website.

Ralph Lauren Corporation (NYSE: RL) has launched the first-ever Cradle to Cradle Certified® Gold Cashmere Sweater, part of its plan to achieve certification for five iconic products by 2025. This luxury sweater features fine cashmere fibers and an organic cotton label. Additionally, the company introduced a Cashmere Recycling Program in North America and Europe, partnering with Re-Verso™ to enable recycling of 100% cashmere items from any brand. The move aligns with Ralph Lauren's commitment to sustainability and circular principles, aiming for responsible manufacturing and environmental impact.

Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.75 per share, payable on January 13, 2023. Shareholders on record by the close of business on December 30, 2022 will receive this payment. The company continues to strengthen its position as a leader in the luxury lifestyle market, offering a range of products, including apparel and home goods. Ralph Lauren has established a solid reputation for quality and style over its 50+ years of operation.

Ralph Lauren Corporation (NYSE: RL) announced the election of Wei Zhang to its Board of Directors, effective November 9, 2022. Formerly President of Alibaba Pictures Group, Zhang brings extensive experience in international operations, media, and digital transformation. With this addition, the board expands to 13 members. Executive Chairman Ralph Lauren and CEO Patrice Louvet emphasized Zhang's potential to drive the company’s strategy, especially in the Asian market, as they work towards becoming a leading luxury lifestyle company.

Ralph Lauren Corporation (NYSE: RL) reported a 5% increase in revenue to $1.6 billion for Q2 Fiscal 2023, translating to a 13% rise in constant currency. Earnings per diluted share were $2.18 on a reported basis, down from $2.57 the previous year. The operating margin stood at 13.1%, with a slightly higher adjusted margin of 13.4%. The company maintained its full-year outlook, expecting high-single-digit revenue growth. The Q3 outlook predicts a low- to mid-single-digit increase in revenue, hindered by foreign currency impacts estimated at approximately 780 basis points.

Ralph Lauren (NYSE:RL) has partnered with Epic Games to launch a groundbreaking digital and physical apparel collection inspired by the popular game Fortnite. For the first time in its 55-year history, Ralph Lauren redesigned its iconic Polo Pony logo for this collaboration. The digital collection will debut in the Fortnite Item Shop on November 5, with the physical collection available starting November 2. This initiative highlights Ralph Lauren's commitment to digital innovation and engagement with a younger audience through gaming.

Ralph Lauren Corporation (NYSE:RL) is set to present its Next Great Chapter: Accelerate strategic growth plan in New York City, aiming for sustainable long-term growth. The company anticipates a mid- to high-single digit revenue CAGR and operating profit growth outpacing revenue by fiscal 2025. Ralph Lauren plans to return approximately $2 billion in excess free cash flow to shareholders through dividends and share repurchases by fiscal 2025, highlighted by a 9% increase in its quarterly dividend to $0.75 per share.

Ralph Lauren Corporation (NYSE: RL) has announced a quarterly dividend of $0.75 per share. This dividend will be payable on October 14, 2022 to shareholders of record as of September 30, 2022. The company continues to lead in premium lifestyle products across various categories, maintaining a strong brand identity developed over 50 years in the market.