Last $169.40 USD
Change Today +0.40 / 0.24%
Volume 305.7K
As of 12:30 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

ralph lauren corp (RL) Key Developments

Ralph Lauren Introduces the Next Evolution of Wearable Technology

Ralph Lauren Corp. is unveiling the high-performance, fashion-forward Polo Tech shirt on opening day of the US Open. The Polo Tech shirt is an innovative new product from a fashion brand that merges biometrics into active lifestyle apparel, marking a revolution in advanced technology designed to improve general wellness and increase personal fitness. The Ralph Lauren Polo Tech shirt features sensors knitted into the core of the product to read biological and physiological information. With Ralph Lauren's leadership in the design community, the compression shirt also has a sleek look in black with a signature yellow Polo Player logo. The second-skin fit enhances comfort and agility. The Ralph Lauren Polo Tech shirt was developed with proprietary technology from Canadian-based OMsignal, whose team includes experts in neuroscience, sports medicine and engineering. With OMsignal, the shirt itself is the sensor. The OM platform delivers a wide variety of physiological data through seamless apparel directly to the users via an app on their smartphone.

Ralph Lauren Corporation Announces Consolidated Unaudited Earnings Results for First Quarter Ended June 28, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2015 and Fiscal Year 2015

Ralph Lauren Corporation announced consolidated unaudited earnings results for first quarter ended June 28, 2014. For the quarter, the company reported net sales of $1,668 million, net revenues of $1,708 million, operating income of $244 million, income before provision for income taxes of $235 million, net income of $162 million or $1.8 diluted per share, compared to the net sales of $1,614 million, net revenues of $1,653 million, operating income of $276 million, income before provision for income taxes of $265 million, net income of $181 million or $1.94 diluted per share, for the same quarter a year ago. The company spent about $85 million on capital expenditures in the first quarter, mostly to support new retail stores and infrastructure investments. The Company continues to expect consolidated net revenues for Fiscal 2015 to increase by 6%-8%. The Fiscal 2015 operating margin is still estimated to be approximately 75-125 basis points below Fiscal 2014'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%. In the second quarter of Fiscal 2015, the Company expects consolidated net revenues to increase by 4%-6%, led by retail segment growth. Operating margin for the second quarter of Fiscal 2015 is expected to be approximately 200-250 basis points below the comparable prior year period, primarily due to the timing of investments to support the Company's strategic growth objectives. The second quarter tax rate is estimated at 30%.

Ralph Lauren Corporation, Q1 2015 Earnings Call, Aug 06, 2014

Ralph Lauren Corporation, Q1 2015 Earnings Call, Aug 06, 2014

Ralph Lauren Corporation to Report Q1, 2015 Results on Aug 06, 2014

Ralph Lauren Corporation announced that they will report Q1, 2015 results at 8:00 AM, US Eastern Standard Time on Aug 06, 2014

Ralph Lauren Corporation, Annual General Meeting, Aug 07, 2014

Ralph Lauren Corporation, Annual General Meeting, Aug 07, 2014., at 09:30 US Eastern Standard Time. Location: St. Regis Hotel, 20th Floor. Agenda: To elect twelve directors to serve until the 2015 annual meeting of stockholders; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending March 28, 2015; to approve, on an advisory basis, the compensation of named executive officers and compensation philosophy, policies and practices as described herein; to consider a shareholder proposal, if properly presented at the 2014 annual meeting of stockholders; and to transact such other business as may properly come before the meeting and any adjournments or postponements thereof.

 

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