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Ralph Lauren Corp (RL.N)

RL.N on New York Stock Exchange

133.33USD
23 May 2018
Change (% chg)

$16.72 (+14.34%)
Prev Close
$116.61
Open
$122.75
Day's High
$136.43
Day's Low
$122.70
Volume
875,023
Avg. Vol
204,686
52-wk High
$136.43
52-wk Low
$66.06

Latest Key Developments (Source: Significant Developments)

Ralph Lauren Reports Q4 Adjusted Earnings Per Share $0.90 Excluding Items
Wednesday, 23 May 2018 

May 23 (Reuters) - Ralph Lauren Corp ::RALPH LAUREN REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.90 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.50.Q4 REVENUE $1.5 BILLION.FOREIGN CURRENCY IS EXPECTED TO BENEFIT REVENUE GROWTH BY APPROXIMATELY 150-200 BASIS POINTS IN Q1 OF FISCAL 2019.IN Q1 OF FISCAL 2019, COMPANY EXPECTS NET REVENUE TO BE FLAT TO DOWN SLIGHTLY IN CONSTANT CURRENCY.PLANNING CAPITAL EXPENDITURES OF APPROXIMATELY $275 MILLION FOR FISCAL 2019.OPERATING MARGIN FOR Q1 OF FISCAL 2019 IS EXPECTED TO BE UP SLIGHTLY IN CONSTANT CURRENCY.FOR FISCAL 2019, NET REVENUE IS EXPECTED TO DECREASE LOW SINGLE-DIGITS IN CONSTANT CURRENCY.FOREIGN CURRENCY IS EXPECTED TO HAVE MINIMAL IMPACT ON REVENUE GROWTH IN FISCAL 2019.NORTH AMERICA REVENUE IN THE FOURTH QUARTER DECREASED 14% ON BOTH A CONSTANT CURRENCY AND REPORTED BASIS TO $759 MILLION.EXPECTS OPERATING MARGIN FOR FISCAL 2019 TO BE UP SLIGHTLY IN CONSTANT CURRENCY DRIVEN BY GROSS MARGIN EXPANSION.EUROPE REVENUE IN THE FOURTH QUARTER $420 MILLION, DOWN 1% IN CONSTANT CURRENCY BASIS.ASIA REVENUE IN THE FOURTH QUARTER $257 MILLION, UP 11% ON CONSTANT CURRENCY BASIS.  Full Article

Ralph Lauren expects Q4 SG&A expense to rise as co invests in marketing and stores
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Ralph Lauren Corp :Ralph Lauren -Co expects to reach almost $0.5 billion in revenue in Greater China along with Hong Kong, Macau and Taiwan in 5 yrs from about $170 million in 2017.Ralph Lauren - saw about 1 point of comp pressure in North America in Q2 due to hurricanes with meaningful impact in Texas, Florida and Puerto Rico -conf call.Ralph Lauren - In Q3, SG&A rate will create some pressure as co laps last year's expense reductions, invests in marketing, product and stores -conf call.Ralph Lauren - expects Q4 sales to be pressured on shift in wholesale shipments, and March quarter is driven by clearance sales post holiday -conf call.Ralph Lauren -for Q4, expect SG&A expense to rise versus last year due to double-digit growth in marketing expense in 2H -conf call.Ralph Lauren - Co says it is down 20 percent to 25 percent points of distribution in department stores -conf call.Ralph Lauren - expects gross margin expansion in 2H 2018 of at least 150 basis points -conf call.  Full Article

Ralph Lauren reports Q2 adjusted earnings per share of $1.99
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Ralph Lauren Corp :Ralph Lauren reports second quarter fiscal 2018 results.Q2 adjusted earnings per share $1.99 excluding items.Q2 earnings per share $1.75.Q2 earnings per share view $1.89 -- Thomson Reuters I/B/E/S.Q2 revenue $1.7 billion versus I/B/E/S view $1.65 billion.Ralph Lauren Corp - in the third quarter of fiscal 2018, the company expects net revenue to be down 6%-8%, excluding the impact of foreign currency‍​.Ralph Lauren Corp- ‍North America revenue in Q2 decreased 16 percent to $877 million​.Ralph Lauren Corp- ‍Europe revenue in Q2 increased 4 percent to $463 million on a reported basis and was flat in constant currency​.Ralph Lauren Corp - operating margin for q3 of fiscal 2018 is expected to be down 50-70 basis points, excluding the impact of foreign currency‍​.Ralph Lauren Corp- ‍Asia revenue in Q2 was flat compared with prior year period on a reported basis at $217 million and increased 4 percent in constant currency​.Ralph Lauren Corp - expect capital expenditures of approximately $225 million for fiscal 2018, lower than previous guidance of $300 million‍​.Ralph Lauren-now expects operating margin for fiscal 2018 to be 9.5%-10.5%, excluding impact of foreign currency, versus previous guidance of 9.0%-10.5%.Ralph Lauren-for fiscal 2018, the company continues to expect net revenue to decrease 8% to 9%, excluding the impact of foreign currency.  Full Article

Ralph Lauren says Q1 consolidated comparable store sales fell 6 pct on reported basis
Wednesday, 10 Aug 2016 

Ralph Lauren Corp : Ralph Lauren reports first quarter fiscal 2017 results . Q1 loss per share $0.27 . Q1 revenue $1.6 billion versus I/B/E/S view $1.53 billion . Q1 adjusted earnings per share $1.06 excluding items . Q1 earnings per share view $0.89 -- Thomson Reuters I/B/E/S . Expects its fiscal 2017 restructuring activities to result in approximately $180-$220 million of annualized expense savings . Consolidated comparable store sales decreased 6% on reported basis and 7% in constant currency during Q1 . Q1 wholesale net sales $607 million versus $642 million last year . In Q1 of fiscal 2017, company recorded $104 million in restructuring and related impairment charges . Restructuring charges are expected to be substantially realized by end of fiscal 2017 . Based on current exchange rates, foreign currency will have minimal impact on revenue growth in Q2 . Company maintains its full fiscal year outlook . Expects to incur restructuring charges of up to $400 million as a result of fiscal 2017 restructuring activities . Expects to incur up to a $150 million inventory charge associated with company's way forward plan . $180-$220 million of savings is in addition to $125 million of cost savings associated with company's fiscal 2016 restructuring activities . In Q2 of fiscal 2017, company expects consolidated net revenues to be down mid-to-high single digits on a reported basis . In Q1 of fiscal 2017, company recorded $50 million in inventory charges.  Full Article

Ralph Lauren sets regular qtrly dividend of $0.50 per share
Wednesday, 22 Jun 2016 

Ralph Lauren Corp :Sets regular quarterly dividend of $0.50 per share.  Full Article

S&P says Ralph Lauren outlook revised to negative on pending restructuring burdens
Friday, 17 Jun 2016 

S&P Global Ratings : Ralph Lauren Corp outlook revised to negative on pending restructuring burdens; 'a' rating affirmed .Revising outlook to negative because of expectation of spike in financial leverage over coming year resulting from weakened profitability.  Full Article

Ralph Lauren names Jane Nielsen chief financial officer
Friday, 10 Jun 2016 

Ralph Lauren Corp : Names Jane Nielsen chief financial officer . Jeffrey Kuster has been named group president for Americas. . Ralph Lauren Corp says Robert Madore will remain with Ralph Lauren through September 30, 2016 to facilitate a seamless CFO transition . In addition to all finance functions, Nielsen will oversee store operations, procurement, IT, and investor relations . Jane Nielsen's appointment is effective September 6, 2016 .Nielsen was most recently at Coach Inc, where she was executive vice president and chief financial officer.  Full Article

Ralph Lauren announces restructuring plan, provides outlook
Tuesday, 7 Jun 2016 

Ralph Lauren Corp : Expects its fiscal 2017 restructuring activities to result in approximately $180-$220 million of annualized expense savings . Expense savings are related to its initiatives to streamline organizational structure and rightsize its cost structure . Expects to incur restructuring charges of up to $400 million as a result of fiscal 2017 restructuring activities and up to a $150 million inventory charge . Sees consolidated net revenues for fiscal 2017 to decrease at a low-double digit rate . Operating margin for fiscal 2017 is currently anticipated to be approximately 10 percent . Capital expenditures are expected to be approximately $375 million in fiscal 2017 . Sees Q1 consolidated net revenues to decline at a mid-single digit rate-single digit rate . Operating margin for Q1 of fiscal 2017 is expected to be approximately 110-160 basis points below comparable prior year period . Q1 revenue view $1.56 billion -- Thomson Reuters I/B/E/S . FY 2017 revenue view $7.10 billion -- Thomson Reuters I/B/E/S . Will evolve its product, marketing and shopping experience . Will evolve its operating model by significantly reducing supply chain lead times . Will also rightsize cost structure and implement an ROI-driven financial model to free up resources . New plan includes strengthening leadership team and creating a more nimble organization by moving from an average of 9 to 6 layers.  Full Article

BRIEF-Ralph Lauren announces restructuring plan, provides outlook
Tuesday, 7 Jun 2016 

Corrects to add dropped words 'inventory charge' in third bullet.Ralph Lauren Corp : Expects its fiscal 2017 restructuring activities to result in approximately $180-$220 million of annualized expense savings . Expense savings are related to its initiatives to streamline organizational structure and rightsize its cost structure . Expects to incur restructuring charges of up to $400 million as a result of fiscal 2017 restructuring activities and up to a $150 million inventory charge . Sees consolidated net revenues for fiscal 2017 to decrease at a low-double digit rate . Operating margin for fiscal 2017 is currently anticipated to be approximately 10 percent . Capital expenditures are expected to be approximately $375 million in fiscal 2017 . Sees Q1 consolidated net revenues to decline at a mid-single digit rate-single digit rate . Operating margin for Q1 of fiscal 2017 is expected to be approximately 110-160 basis points below comparable prior year period . Q1 revenue view $1.56 billion -- Thomson Reuters I/B/E/S . FY 2017 revenue view $7.10 billion -- Thomson Reuters I/B/E/S . Will evolve its product, marketing and shopping experience . Will evolve its operating model by significantly reducing supply chain lead times . Will also rightsize cost structure and implement an ROI-driven financial model to free up resources.  Full Article

UPDATE 2-Ralph Lauren racks up earnings beat, shares jump 16 pct

* Shares hit more than 2-1/2 yr high (Adds details from conf. call, analyst comment; updates shares)