Ralph Lauren Corporation Declares Quarterly Dividend
June 16 2017 - 04:05PM
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 July 14, 2017 to shareholders of record at the close of
business on June 30, 2017.
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYSE:RL) is a global leader in the
design, marketing and distribution of premium lifestyle products in
four categories: apparel, home, accessories and fragrances. For 50
years, Ralph Lauren's reputation and distinctive image have been
consistently developed across an expanding number of products,
brands and international markets. The Company's brand names, which
include Ralph Lauren Purple Label, Ralph Lauren Collection, Double
RL, Polo Ralph Lauren, Polo Ralph Lauren Children’s, Ralph Lauren
Home, Lauren Ralph Lauren, RLX, American Living, Chaps and Club
Monaco, constitute one of the world's most widely recognized
families of consumer brands. For more information, go to
http://investor.ralphlauren.com.
This press release and oral statements made from time to time by
representatives of the Company may 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; the
potential impact to our business and future strategic direction
resulting from our transition to a new Chief Executive Officer; our
ability to successfully implement our long-term growth strategy,
which entails evolving our product, marketing, and shopping
experience to increase desirability and relevance, and evolving our
operating model to enable sustainable, profitable sales growth by
significantly reducing supply chain lead times, improving our
sourcing, and executing a disciplined multi-channel distribution
and expansion strategy; the impact to our business resulting from
investments and other costs incurred in connection with the
execution of our long-term growth strategy, including
restructuring-related charges, which may be dilutive to our
earnings in the short term; our ability to achieve anticipated
operating enhancements, sales growth, and/or cost reductions from
our restructuring; the impact to our business resulting from
potential costs and obligations related to the early closure of our
stores or termination of our long-term, non-cancellable leases; our
ability to effectively manage inventory levels and the increasing
pressure on our margins in a highly promotional retail environment;
our efforts to successfully enhance, upgrade, and/or transition our
global information technology systems and ecommerce 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; 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 operations are currently subject to, or may
become subject to as a result of potential changes in legislation,
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 resulting from the United
Kingdom's decision 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; changes in our tax obligations and effective tax rates due
to a variety of factors, including potential changes in tax laws
and regulations, accounting rules, or the mix and level of earnings
by jurisdiction; 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; 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; our ability
to continue to maintain our brand image and reputation and protect
our trademarks; 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 potential
impact to our business resulting from the financial difficulties of
certain of our large wholesale customers, which may result in
consolidations, liquidations, restructurings, and other ownership
changes in the retail industry, as well as other changes in the
competitive marketplace, including the introduction of new products
or pricing changes by our competitors; 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 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; the potential impact to the trading
prices of our securities if our Class A common stock share
repurchase activity and/or cash dividend payments differ from
investors' expectations; our ability to maintain our credit profile
and ratings within the financial community; our ability to make
certain strategic acquisitions and successfully integrate the
acquired businesses into our existing operations; 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/20170616005662/en/
Ralph LaurenInvestor Relations:Evren Kopelman,
212-813-7862orCorporate Communications:Katie Ioanilli,
212-205-5947rl-press@ralphlauren.com
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