Ralph Lauren Corporation Declares Quarterly Dividend
March 15 2018 - 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 April 13, 2018 to shareholders of record at the close of
business on March 29, 2018.
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 our new Chief Executive Officer;
our ability to successfully implement our long-term growth strategy
and achieve anticipated operating enhancements and cost reductions
from our restructuring plans; 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 effectively manage
inventory levels and the increasing pressure on our margins in a
highly promotional retail environment; 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 efforts to successfully enhance,
upgrade, and/or transition our global information technology
systems and 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;
the impact to our business resulting from the recently enacted U.S.
tax legislation commonly referred to as the Tax Cuts and Jobs Act,
including related changes to our tax obligations and effective tax
rate in future periods, as well as the one-time enactment-related
charges that were recorded during the third quarter of Fiscal 2018
on a provisional basis based on a reasonable estimate and are
subject to change, all of which could differ materially from our
current expectations and/or investors' expectations; changes in our
tax obligations and effective tax rate due to a variety of other
factors, including potential additional changes in U.S. or foreign
tax laws and regulations, accounting rules, or the mix and level of
earnings by jurisdiction in future periods that are not currently
known or anticipated; 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; 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 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 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 maintain our
credit profile and ratings within the financial community; our
ability to access sources of liquidity to provide for our cash
needs, including our debt obligations, tax obligations, payment of
dividends, capital expenditures, and potential repurchases of our
Class A common stock, as well as the ability of our customers,
suppliers, vendors, and lenders to access sources of liquidity to
provide for their own cash needs; 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; the impact of the volatile state of the
global economy, stock markets, and other global economic conditions
on us, our customers, suppliers, vendors, and lenders; 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 open new retail stores,
concession shops, and e-commerce sites in an effort to expand our
direct-to-consumer presence; 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; our
ability to continue to maintain our brand image and reputation and
protect our trademarks; our intention to introduce new products or
enter into or renew alliances and exclusive relationships; changes
in the business of, and our relationships with, major department
store customers and licensing partners; the potential impact on our
operations and on our suppliers and customers resulting from
natural or man-made disasters; 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; and our ability to make certain
strategic acquisitions and successfully integrate the acquired
businesses into our existing operations; 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/20180315006266/en/
Ralph LaurenInvestor Relations:Evren Kopelman,
212-813-7862rl-investorrelations@ralphlauren.comorCorporate
Communications:Lindsay Knoll,
212-650-4401rl-press@ralphlauren.com
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