Last $159.13 USD
Change Today -0.84 / -0.53%
Volume 565.9K
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

ralph lauren corp (RL) Key Developments

Ralph Lauren Corporation Declares Regular Quarterly Dividend, Payable on July 11, 2014

Ralph Lauren Corporation announced that its board of directors has declared a regular quarterly dividend of $0.45 per share on the company's common stock. The dividend is payable on July 11, 2014 to shareholders of record at the close of business on June 27, 2014.

Roger Farah Intends to Retire as Executive Vice Chairman of Ralph Lauren Corporation at the End of May

Ralph Lauren Corporation announced that Roger Farah, Executive Vice Chairman, will retire from the company at the end of May 2014. Mr. Farah will remain on the company's Board of Directors until the expiration of his term on the date of the company's 2014 Annual Meeting of Stockholders in August 2014.

Ralph Lauren Corporation Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended Mar. 29, 2014; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2015; Announces Impairment of Assets

Ralph Lauren Corporation reported unaudited consolidated financial results for the fourth quarter and full year ended Mar. 29, 2014. Net income for the fourth quarter of fiscal 2014 was $153 million, 20% greater than the $127 million achieved in the comparable period of Fiscal 2013, and net income per diluted share rose 23% to $1.68 from $1.37 in the prior year period. The increase in net income and net income per diluted share was primarily a result of the improved operating income that was partially offset by a higher effective tax rate of 30% compared to 25% in the fourth quarter of Fiscal 2013, primarily due to a favorable discrete tax item in the prior year period. Net revenues for the fourth quarter of fiscal 2014 rose 14% to $1.9 billion against $1.64 billion for the same period of last year. The increase in net revenues reflects robust wholesale segment growth and strong retail segment expansion. Operating income for the fourth quarter of fiscal 2014 was $225 million, an increase of 24% when compared with $182 million for the prior year period. The company ended the fourth quarter with $1.3 billion in cash and investments, or $987 million in cash and investments net of debt, compared to $1.4 billion in cash and investments and $1.1 billion in net cash at the end of the fourth quarter of fiscal 2013. Income before provision for income taxes was $219 million against $168 million for the same period of last year. Net income for the full year fiscal 2014 period increased 3% to $776 million from $750 million in fiscal 2013. Net income per diluted share for fiscal 2014 was $8.43, 5% greater than the $8.00 earned in Fiscal 2013. The growth in net income per diluted share was primarily a result of a lower effective tax rate of 29% compared to 31% in fiscal 2013 and a lower share count. Net revenues for the full year fiscal 2014 period increased 7% to $7.4 billion against $6.94 billion for the same period of last year. Excluding the net negative impacts from discontinued businesses and foreign currency translation, net revenues increased approximately 9% during fiscal 2014. Fiscal 2014's operating income of $1.1 billion was modestly above $1.13 billion fiscal 2013's level and the operating margin was 15.2% The company had $390 million in capital expenditures in fiscal 2014, compared to $276 million in the prior year period. Income before provision for income taxes was $1,096 million against $1,089 million for the same period of last year. The company currently expects consolidated net revenues for fiscal 2015 to increase by 6%-8%. Operating margin for fiscal 2015 is currently expected to be 75-125 basis points below the prior year's level due to continued investment in the company's global retail development and infrastructure, in addition to increased advertising and marketing expense. The full year fiscal 2015 tax rate is estimated at 30%. Capital expenditures are planned at approximately $400-$500 million in Fiscal 2015. In the first quarter of fiscal 2015, the company expects consolidated net revenues to increase by 3%-5%, led by retail segment growth. Operating margin for the first quarter of fiscal 2015 is expected to be approximately 300-350 basis points below the comparable prior year period, primarily due to the timing of investments to support the company's strategic growth objectives. The first quarter tax rate is estimated at 30%. For the quarter, the company announced impairment of assets of $1 million against $7 million for the same period of last year.

Ralph Lauren Corporation to Report Q4, 2014 Results on May 09, 2014

Ralph Lauren Corporation announced that they will report Q4, 2014 results at 8:00 AM, US Eastern Standard Time on May 09, 2014

Ralph Lauren Corporation, Q4 2014 Earnings Call, May 09, 2014

Ralph Lauren Corporation, Q4 2014 Earnings Call, May 09, 2014

 

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Price/Earnings 18.9x
Price/Sales 1.9x
Price/Book 3.5x
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TEV/Sales 1.6x
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