Ralph Lauren Corporation Declares Quarterly Dividend
August 31 2016 - 4:05PM
Business Wire
Ralph Lauren Corporation (NYSE:RL) announced that its Board of
Directors has declared a regular quarterly dividend of $0.50 per
share on Ralph Lauren Corporation Common Stock. The dividend is
payable on October 14, 2016 to shareholders of record at the close
of business on September 30, 2016.
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYSE: RL) is a global leader in the
design, marketing, and distribution of premium lifestyle products,
including apparel, accessories, home furnishings, and other
licensed product categories. RLC's long-standing reputation and
distinctive image have been consistently developed across an
expanding number of products, brands, sales channels, and
international markets. RLC's brand names include Ralph Lauren,
Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph
Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children,
Denim & Supply Ralph Lauren, Chaps, and Club Monaco, among
others.
This press release and oral statements made from time to time by
representatives of the Company contain certain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding, among other things, our current expectations about the
Company's future results and financial condition, revenues, store
openings and closings, employee reductions, margins, expenses and
earnings and are indicated by words or phrases such as
"anticipate," "estimate," "expect," "project," "we believe" and
similar words or phrases. These forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements to be materially
different from the future results, performance or achievements
expressed in or implied by such forward-looking statements.
Forward-looking statements are based largely on the Company's
expectations and judgments and are subject to a number of risks and
uncertainties, many of which are unforeseeable and beyond our
control. The factors that could cause actual results to materially
differ include, among others: the loss of key personnel, including
Mr. Ralph Lauren, or other changes in our executive and senior
management team or to our operating structure, and our ability to
effectively transfer knowledge during periods of transition; our
ability to successfully implement our Way Forward Plan and
long-term growth strategy, which entails evolving our operating
model to enable sustainable, profitable sales growth by
significantly reducing supply chain lead times, employing best-in
class sourcing, and capitalizing on our repositioning initiatives
in certain brands, regions, and merchandise categories; our ability
to achieve anticipated operating enhancements and/or cost
reductions from our restructuring plans, which could include the
potential sale, discontinuance, or consolidation of certain of our
brands; the impact to our business resulting from potential costs
and obligations related to the early termination of our long-term,
non-cancellable leases; our efforts to improve the efficiency of
our distribution system and to continue to enhance, upgrade, and/or
transition our global information technology systems and our global
e-commerce platform; our ability to secure our facilities and
systems and those of our third-party service providers from, among
other things, cybersecurity breaches, acts of vandalism, computer
viruses, or similar Internet or email events; our exposure to
currency exchange rate fluctuations from both a transactional and
translational perspective, and risks associated with increases in
the costs of raw materials, transportation, and labor; our ability
to continue to maintain our brand image and reputation and protect
our trademarks; the impact to our business resulting from the
United Kingdom's referendum vote to exit the European Union and the
uncertainty surrounding the terms and conditions of such a
withdrawal, as well as the related impact to global stock markets
and currency exchange rates; the impact of the volatile state of
the global economy, stock markets, and other global economic
conditions on us, our customers, our suppliers, and our vendors and
on our ability and their ability to access sources of liquidity;
the impact to our business resulting from changes in consumers’
ability or preferences to purchase premium lifestyle products that
we offer for sale and our ability to forecast consumer demand,
which could result in either a build-up or shortage of inventory;
changes in the competitive marketplace, including the introduction
of new products or pricing changes by our competitors, and
consolidations, liquidations, restructurings, and other ownership
changes in the retail industry; a variety of legal, regulatory,
tax, political, and economic risks, including risks related to the
importation and exportation of products, tariffs, and other trade
barriers which our international operations are subject to and
other risks associated with our international operations, such as
compliance with the Foreign Corrupt Practices Act or violations of
other anti-bribery and corruption laws prohibiting improper
payments, and the burdens of complying with a variety of foreign
laws and regulations, including tax laws, trade and labor
restrictions, and related laws that may reduce the flexibility of
our business; the impact to our business of events of unrest and
instability that are currently taking place in certain parts of the
world, as well as from any terrorist action, retaliation, and the
threat of further action or retaliation; our ability to continue to
expand or grow our business internationally and the impact of
related changes in our customer, channel, and geographic sales mix
as a result; changes in our tax obligations and effective tax
rates; changes in the business of, and our relationships with,
major department store customers and licensing partners; our
intention to introduce new products or enter into or renew
alliances and exclusive relationships; our ability to access
sources of liquidity to provide for our cash needs, including our
debt obligations, payment of dividends, capital expenditures, and
potential repurchases of our Class A common stock; our ability to
open new retail stores, concession shops, and e-commerce sites in
an effort to expand our direct-to-consumer presence; our ability to
make certain strategic acquisitions and successfully integrate the
acquired businesses into our existing operations; the potential
impact to the trading prices of our securities if our Class A
common stock share repurchase activity and/or cash dividend rate
differs from investors' expectations; our ability to maintain our
credit profile and ratings within the financial community; the
potential impact on our operations and on our suppliers and
customers resulting from natural or man-made disasters; and other
risk factors identified in the Company's Annual Report on Form
10-K, Form 10-Q and Form 8-K reports filed with the Securities and
Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160831006361/en/
Ralph LaurenInvestor Relations:Evren Kopelman,
212-813-7862orCorporate Communications:Ryan Lally, 212-318-7116
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