Welcome to our dedicated page for Ralph Lauren Corporation news (Ticker: RL), a resource for investors and traders seeking the latest updates and insights on Ralph Lauren Corporation stock.
Ralph Lauren Corporation (symbol: RL) is synonymous with American lifestyle, timeless design, and impeccable quality. Founded in 1967 by designer Ralph Lauren in New York City, the company has grown into a global leader in the design, marketing, and distribution of premium lifestyle products across four main categories: apparel, home, accessories, and fragrances.
Ralph Lauren has cultivated a brand that exemplifies style, sophistication, and attention to detail. The company's products include a wide range of items such as apparel, footwear, eyewear, jewelry, handbags, home goods, and fragrances. The iconic brands under the Ralph Lauren umbrella include Ralph Lauren Collection, Polo Ralph Lauren, and Lauren Ralph Lauren.
Operating on an international scale, Ralph Lauren Corporation distributes its products through multiple channels. These include wholesale partnerships with department stores and specialty stores, company-owned retail stores, and a robust e-commerce platform. The brand is also involved in licensing arrangements that help expand its reach and visibility worldwide.
With a clear vision and a commitment to quality, Ralph Lauren Corporation continues to take bold steps in its industry. Recent achievements include expanding its product lines and enhancing its digital presence to meet the evolving needs of modern consumers. Financially, the company remains strong, consistently working on strategic initiatives to ensure sustained growth and profitability.
For those interested in the latest updates and relevant information about the company's performance, events, and developments, Ralph Lauren Corporation provides regular news updates and financial reports.
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.
Ralph Lauren (NYSE: RL) has introduced a pioneering apparel technology called Intelligent Insulation, which adapts to cooler temperatures to create insulation, showcasing its commitment to sustainability. This innovative fabric will be featured in Team USA's Winter Games Opening Ceremony uniforms, enhancing versatility for three-season wear. Developed in partnership with Skyscrape, this technology operates without batteries. The uniforms include recycled materials and aim to reflect modern sportswear aesthetics, becoming available for purchase on January 20.
Ralph Lauren (NYSE:RL) has launched the RLX CLARUS® Polo Shirt at the 2022 Australian Open, introducing the world’s first high-performance cotton fabric. This innovative textile, developed in partnership with Natural Fiber Welding, Inc., combines virgin and recycled cotton to achieve moisture management and quick-drying capabilities. Ralph Lauren aims to achieve 100% sustainable sourcing of key materials by 2025, reducing reliance on synthetic fabrics. The Polo showcases the brand's commitment to sustainability and offers performance comparable to traditional synthetic materials.
The Ralph Lauren Corporate Foundation has announced a $2 million grant to support scholarships for Black students across 12 historically Black colleges and universities (HBCUs), including Morehouse College and Spelman College. This initiative aims to enhance educational equity and opportunities in the fashion industry, aligning with the corporation's commitments to address systemic racism. The scholarships will assist students in reducing financial burdens and will be distributed over five years in collaboration with the United Negro College Fund (UNCF).
The Board of Directors of Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of
Ralph Lauren is set to launch The Ralph Lauren Winter Escape on Roblox, debuting on December 8, 2021, and running through January 3, 2022. This innovative holiday-themed experience allows users to explore Ralph Lauren’s digital universe while engaging in winter-themed activities and purchasing exclusive gender-neutral digital clothing.
The initiative reinforces Ralph Lauren's commitment to digital innovation and aims to connect with the next generation of consumers through immersive virtual interactions.
Ralph Lauren Corporation (NYSE: RL) reported a strong second quarter of Fiscal 2022, with revenues up 26% to $1.5 billion, surpassing expectations and showcasing double-digit growth globally. Digital ecosystem revenue surged approximately 45%, driven by a 35% increase in owned digital commerce. The company's operating margin expanded significantly, reaching 17.1% on an adjusted basis, the highest since Fiscal 2013. Earnings per share rose to $2.57 (reported) and $2.62 (adjusted), compared to a loss of $0.53 in the previous year. The company plans to resume share repurchases with $580 million available under its program.
The U.S. Regenerative Cotton Fund has been established by
Frontdoor, Inc (NASDAQ: FTDR) has appointed Christopher Clipper to its board of directors effective October 21, 2021. Clipper, currently CFO at Ralph Lauren, brings extensive experience in finance, accounting, and leadership from various roles in consumer-focused businesses including Nike and Time Warner. His appointment is expected to enhance Frontdoor's strategic operations and future growth. The board has also welcomed D. Steve Boland and restructured its committee memberships, highlighting the company's focus on strong governance and operational excellence.
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