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Last $133.03 USD
Change Today +1.50 / 1.14%
Volume 678.2K
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ralph lauren corp (RL) Key Developments

Ralph Lauren Corporation Announces Resignation of Steven P. Murphy from the Board of Directors

On May 12, 2015, Steven P. Murphy resigned from the Board of Directors of Ralph Lauren Corporation for reasons other than disagreement with the company on any matter relating to the company's operations, policies or practices.

Ralph Lauren Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 28, 2015; Reports Impairment Charge for the Fourth Quarter Ended March 28, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2016

Ralph Lauren Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended March 28, 2015. The company reported net income of $124 million, or $1.41 per diluted share, for the fourth quarter of fiscal 2015. Excluding foreign currency impacts, EPS was $1.69 in the fourth quarter. This compared to net income of $153 million, or $1.68 per diluted share, for the fourth quarter of fiscal 2014. For the quarter, net sales were $1,848 million, operating income was $190 million and income before provision for income taxes was $173 million against net sales of $1,828 million, operating income of $225 million and income before provision for income taxes of $219 million for the same period a year ago. Net income for the full year fiscal 2015 period was $702 million, or $7.88 per diluted share. Excluding foreign currency impacts, EPS was $8.19 for fiscal 2015. This compared to net income of $776 million, or $8.43 per diluted share, for fiscal 2014. The company had $391 million in capital expenditures in fiscal 2015 compared to $390 million in the prior year period. For the year, net sales were $7,451 million, operating income was $1,035 million and income before provision for income taxes was $987 million against net sales of $7,284 million, operating income of $1,130 million and income before provision for income taxes of $1,096 million for the same period a year ago. For the fiscal 2015, wholesale revenues increased 2% on a constant currency basis, driven by growth in both Europe and the Americas. Operating income was 8% below fiscal 2014’s level and the operating margin was 13.6%, due to investment in the company’s long-term strategic growth initiatives and negative foreign currency impacts, offset by proactive operational management. Impairment of assets was $5 million for the fourth quarter of fiscal 2015 against $1 million a year ago. The company currently expects consolidated net revenues for fiscal 2016 to increase by mid-single digits in constant currency. Based on current exchange rates, foreign currency will have an approximate 450 basis point negative impact on fiscal 2016 revenue growth. Operating margin for fiscal 2016 is currently expected to be 180-230 basis points below the prior year’s level due to negative foreign currency effects. The full year fiscal 2016 tax rate is estimated at 30%. Capital expenditures are planned at approximately $400 million to $500 million in fiscal 2016. In the first quarter of fiscal 2016, the Company expects consolidated net revenues to be flat in constant currency, as retail segment growth is offset by a decline in wholesale revenue which is impacted by customers’ receipt plans due to an earlier Easter this year. Based on current exchange rates, foreign currency will have an approximate 600 basis point negative impact on revenue growth in the first quarter of fiscal 2016. Operating margin for the first quarter of fiscal 2016 is expected to be approximately 600-650 basis points below the comparable prior year period, primarily due to negative foreign currency effects, the quarterly revenue growth profile and timing of expense savings initiatives. The first quarter tax rate is estimated at 30%.

Ralph Lauren Corporation to Report Q4, 2015 Results on May 13, 2015

Ralph Lauren Corporation announced that they will report Q4, 2015 results at 9:00 AM, US Eastern Standard Time on May 13, 2015

Ralph Lauren Corporation, Q4 2015 Earnings Call, May 13, 2015

Ralph Lauren Corporation, Q4 2015 Earnings Call, May 13, 2015

Ralph Lauren Expands in Brazil with Sao Paulo Store

Ralph Lauren expands in Brazil with Sao Paulo store. The store, on the ground floor of Cidade Jardim, spans more than 9,100 square feet of retail space and will sell clothing collections, along with accessories and leather goods, footwear and timepieces.

 

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RL Competitors

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Industry Analysis

RL

Industry Average

Valuation RL Industry Range
Price/Earnings 16.9x
Price/Sales 1.5x
Price/Book 3.0x
Price/Cash Flow 15.8x
TEV/Sales 1.3x
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