Earnings beat and dividends return for Ralph Lauren

By: Miguel A. Rodriguez

17:39, 24 May 2021

The fashion company that creates and sells products ranging from mid-range to luxury segments posted fiscal fourth-quarter results

Ralph Lauren reported adjusted earnings of 38 cents a share, topping analyst estimates of a net loss of 72 cents per share. Sales came in at $1.3 billion, 1% up from the same time last year and higher than the $1.21 billion touted. Lauren’s global digital commerce sales went up 52% year-over-year.

“This fiscal year, we fundamentally repositioned our company for long-term success—accelerating our digital and marketing capabilities, eliminating structural headwinds, focusing our brand portfolio and realigning our cost structure—all while continuing our brand elevation journey around the world,” stated Ralph Lauren’s CEO Patrice Louvet.

Fiscal Q1 2022 brought quarterly dividends. Starting March 28, the company will pay dividends of about 68.8 cents per share or $2.75 a share per year.

According to Ralph Lauren officials, the COVID-19-related restrictions in Europe and Japan will impact its Q1 2022 results. However, it sees sales jumping as much as 150% compared to the same quarter the previous year. For the 2022 fiscal year, Ralph Lauren predicts a rise in sales of 20% to as much as 25% from fiscal 2021.

Since the beginning of the year, its stock price went up 16%, while in the past twelve months it gained 61%.

Sources: barrons.com, investor.ralphlauren.com

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.