Ralph Lauren Corporation Declares Quarterly Dividend
December 13 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 January 13, 2017 to shareholders of record at the close
of business on December 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; the impact to our business resulting
from 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/20161213006215/en/
Ralph LaurenInvestor Relations:Evren Kopelman,
212-813-7862orCorporate Communications:Ryan Lally, 212-318-7116
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