Ralph Lauren Corp. RL, +3.22% shares rose 4.2% premarket after the apparel and accessories maker reported better-than-expected first-quarter revenue and earnings, boosted by growth in Europe and Asia. The New York-based company had net income of $168.6 million, or $2.61 a share, for the quarter, up from $132.1 million, or $1.96 a share, in the prior year's quarter.
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Ralph Lauren Corporation (NYSE: RL) on behalf of the company's shareholders. The investigation seeks to determine whether Ralph Lauren's directors breached their fiduciary duties in connection with recent corporate actions.
NEW YORK--(BUSINESS WIRE)--Ralph Lauren Corporation (NYSE: RL) (together with its affiliates, “Ralph Lauren”) notes recent media reports in Indonesia relating to disputes between PT Manggala Putra Perkasa (operating using the confusing “Polo Ralph Lauren Indonesia” name in Indonesia) and other parties in Indonesia. We would like to clarify that this company is not affiliated with or related to ...
Recent insights from the Altagamma Consumer and Retail Insight event in Milan make a compelling bull case for betting on luxury retail stocks. A qualitative analysis presented during the event showed how the luxury space relies on few affluent clients.
The retail apparel landscape has changed considerably. The days of thriving shopping malls are over, as they've been dying a slow death accelerated by the COVID-19 pandemic.
Premium apparel maker Ralph Lauren Co. NYSE: RL reported its fiscal Q4 2024 earnings report with lowered guidance, causing a predictability gap in shares the following morning. However, the initial drop to $159.10 reversed as the market reassessed the results, turning sentiment bullish and causing shares to surge back up to $173.45 in the following days.
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