Ralph Lauren Corporation - RL STOCK NEWS

Ralph Lauren Corporation (NYSE:RL) reported a first quarter revenue increase of 8% to $1.5 billion, with a 13% rise in constant currency, exceeding expectations. Adjusted earnings per share were $1.88, down from $2.29 a year ago. The company achieved a 12.7% adjusted operating margin, surpassing its outlook, aided by disciplined operating expenses. Full year guidance remains at high-single-digit revenue growth and operating margins of 14.0% to 14.5%. The company continues to focus on strategic investments while returning $213 million to shareholders through stock repurchases.

Ralph Lauren Corporation (NYSE: RL) announces the nomination of Deb Cupp, President of Microsoft North America, for election to the Board of Directors at the 2022 Annual Meeting on August 4, 2022. Cupp is recognized for her expertise in business transformation and digital strategies, expected to enhance growth and customer engagement at Ralph Lauren. Additionally, Judith McHale will not seek reelection after serving since 2001. This change in leadership highlights Ralph Lauren's commitment to modernizing its Board.

Ralph Lauren Corporation (NYSE:RL) reported strong fourth quarter and full year results for Fiscal 2022, with revenues of $6.22 billion, marking a 41% increase year-over-year. Fourth quarter earnings per diluted share were $0.34 on a reported basis and $0.49 adjusted, compared to a loss in the same quarter last year. North America led growth with a 49% revenue increase, while Europe and Asia also saw double-digit growth. The company initiated a 9% dividend increase and expects high single-digit revenue growth for Fiscal 2023, despite potential challenges from currency fluctuations and COVID-19 disruptions.

The Ralph Lauren Corporate Foundation is pledging $25 million to establish and expand cancer centers, including the Ralph Lauren Center for Cancer Prevention in Washington, D.C. This initiative, recognized by the White House Cancer Moonshot, aims to reduce cancer care disparities in underserved communities across the U.S. The funding will also support the MSK Ralph Lauren Center in Harlem and other National Cancer Institute-designated centers. The foundation's efforts will enhance patient navigation, screenings, and early diagnosis to improve cancer outcomes.

Ralph Lauren (NYSE:RL) celebrates the Polo Shirt's cultural significance with the launch of a new coffee table book, Ralph Lauren’s Polo Shirt, published by Rizzoli International. This 544-page volume, priced at $36.95, chronicles the shirt's evolution over five decades. Accompanying the book is a 360-degree marketing campaign aimed at reintroducing the Polo Shirt to a younger audience, featuring sustainable and customizable options. A new concept store will open in Berlin on May 18th, enhancing customer engagement through immersive experiences.

Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.6875 per share, payable on April 15, 2022, to shareholders recorded by the close of business on April 1, 2022. This decision reflects the company's ongoing commitment to return value to shareholders and demonstrates confidence in its business model and financial health. Ralph Lauren, a leader in the premium lifestyle segment, continues to maintain its reputation across various categories including apparel and home.

Ralph Lauren (NYSE:RL) has launched a limited-edition clothing collection in partnership with Morehouse and Spelman Colleges, showcasing the heritage of historically Black colleges. This initiative aims to expand Ralph Lauren’s narrative around the American dream and Black experiences in collegiate life. The collection includes garments that honor traditions at both institutions, designed by alumni of the colleges and featuring an all-Black cast in its campaign. The collection's availability will begin on March 29, 2022, coinciding with the premiere of a related film.

Ralph Lauren Corporation (NYSE:RL) reported strong performance in Q3 2022 with earnings per diluted share of $2.93, up from $1.61 year-over-year. Revenue increased 27% to $1.8 billion, driven by digital ecosystem growth exceeding 40%. Operating margin expanded 400 basis points to 15.9%, and the company raised its FY2022 revenue growth outlook to 39%-41%. Additionally, Ralph Lauren repurchased 2.5 million shares and authorized a new $1.5 billion buyback program.