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Ralph Lauren (RL)

Ralph Lauren Corporation is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear & accessories, home, fragrances and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps and Club Monaco, among others, constitute one of the world's most widely recognized families of consumer brands.

Company profile

Ticker
RL
Exchange
CEO
Patrice Louvet
Employees
Incorporated
Location
Fiscal year end
Former names
POLO RALPH LAUREN CORP
SEC CIK
Subsidiaries
3253042 Nova Scotia Company • Acqui Polo GP, LLC • Acqui Polo SAS • Fashion Development Corp. • Mountain Rose (USA), LLC • Polo Jeans Company, LLC • Polo Players, Ltd • Poloco USA, Inc • PRL CMI, LLC • PRL Delaware, LLC ...
IRS number
132622036

RL stock data

Calendar

8 Aug 22
16 Aug 22
28 Mar 23
Quarter (USD) Jul 22 Apr 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Apr 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.46B 1.46B 1.46B 1.46B 1.46B 1.46B
Cash burn (monthly) 135.9M 95.08M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 202.28M 141.52M n/a n/a n/a n/a
Cash remaining 1.26B 1.32B n/a n/a n/a n/a
Runway (months of cash) 9.3 13.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Ahrendts Angela J Class A Common Stock Grant Acquire A No No 0 1,626 0 7,615
4 Aug 22 Bennack Frank A JR Class A Common Stock Grant Acquire A No No 0 1,626 0 29,484
4 Aug 22 Alchin John R Class A Common Stock Grant Acquire A No No 0 1,626 0 25,725
13F holders Current Prev Q Change
Total holders 359 339 +5.9%
Opened positions 65 67 -3.0%
Closed positions 45 48 -6.3%
Increased positions 112 105 +6.7%
Reduced positions 131 112 +17.0%
13F shares Current Prev Q Change
Total value 5.64B 6.21B -9.2%
Total shares 50.44M 53.3M -5.4%
Total puts 760.9K 1.26M -39.7%
Total calls 1M 697.6K +43.8%
Total put/call ratio 0.8 1.8 -58.1%
Largest owners Shares Value Change
Ralph Lauren 5.84M $694.42M 0.0%
Vanguard 4.93M $559.03M +0.8%
BLK Blackrock 4.3M $488.36M -8.2%
Barrow Hanley Mewhinney & Strauss 3.68M $417.39M -18.3%
JPM JPMorgan Chase & Co. 3.19M $362.38M -16.2%
HS Management Partners 2.25M $255.56M +11.7%
TROW T. Rowe Price 2.14M $242.2M +3.0%
STT State Street 2M $228.27M -2.5%
MFC Manulife Financial 1.03M $0 0.0%
Jupiter Asset Management 1.01M $115M -20.5%
Largest transactions Shares Bought/sold Change
MKFCF Mackenzie Financial 0 -1.46M EXIT
Barrow Hanley Mewhinney & Strauss 3.68M -825.55K -18.3%
JPM JPMorgan Chase & Co. 3.19M -618.35K -16.2%
Russell Investments 987.53K +437.15K +79.4%
BLK Blackrock 4.3M -383.14K -8.2%
Fuller & Thaler Asset Management 356.72K +356.72K NEW
Balyasny Asset Management 467.14K +333.85K +250.5%
Wedge Capital Management L L P 332.04K +332.04K NEW
MNGPF Man 2.83K -294.78K -99.0%
Ceredex Value Advisors 0 -285.5K EXIT

Financial report summary

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Competition
Kate Spade & Co
Risks
  • Infectious disease outbreaks, such as the COVID-19 pandemic, could have a material adverse effect on our business.
  • Economic, political, and other conditions may adversely affect the level of consumer purchases of discretionary items and luxury retail products, including our products.
  • Economic conditions could have a negative impact on our major customers, suppliers, vendors, and lenders, which in turn could materially adversely affect our business.
  • Our business is exposed to domestic and foreign currency fluctuations.
  • We cannot assure the successful implementation of our growth strategy.
  • We may not be successful in the expansion of our multi-channel distribution network or accelerating growth in certain product categories.
  • The success of our business depends on our ability to respond to constantly changing fashion and retail trends and consumer preferences in a timely manner, develop products that resonate with our existing customers and attract new customers, and provide a seamless shopping experience to our customers.
  • Our profitability may decline if we are unable to effectively manage inventory or as a result of increasing pressure on margins.
  • We may not fully realize the expected cost savings and/or operating efficiencies from our restructuring plans.
  • The loss of the services of Mr. Ralph Lauren or any other changes to our executive and senior management team may be disruptive to, or cause uncertainty in, our business.
  • We face intense competition worldwide in the markets in which we operate.
  • The success of our business depends on our ability to retain the value and reputation of our brands.
  • Our trademarks and other intellectual property rights may not be adequately protected outside the U.S.
  • Our business is subject to risks associated with importing products and the ability of our manufacturers to produce our goods on time and to our specifications.
  • Our business could suffer if we need to replace manufacturers or distribution centers.
  • Our business is subject to risks associated with leasing real estate and other assets under long-term, non-cancellable leases.
  • A substantial portion of our revenue is derived from a limited number of large wholesale customers. Our business could be adversely affected as a result of consolidations, liquidations, restructurings, other ownership changes in the retail industry, and/or any financial instability of our large wholesale customers.
  • We have a substantial amount of indebtedness which could restrict our ability to engage in additional capital-related transactions in the future.
  • We rely on our licensing partners to preserve the value of our licenses. Failure to maintain licensing partners could harm our business.
  • Our business could be adversely affected by man-made or natural disasters and other catastrophic events in the locations in which we or our customers or suppliers operate.
  • A data security or privacy breach could damage our reputation and our relationships with our customers or employees, expose us to litigation risk, and adversely affect our business.
  • Our business could suffer if our computer systems and websites are disrupted or cease to operate effectively.
  • Our business could suffer if we fail to meet our global citizenship and sustainability goals or if such goals do not meet the expectations of our stakeholders
  • Climate change, or our ability to adhere to any legislation and regulatory requirements related to climate change, may adversely affect our business.
  • Our ability to conduct business globally may be affected by a variety of legal, regulatory, political, and economic risks.
  • Fluctuations in our tax obligations and effective tax rate may result in volatility of our operating results.
  • Our business could suffer if we fail to comply with labor laws or if one of our manufacturers fails to use acceptable labor or environmental practices.
  • Certain legal proceedings, regulatory matters, and accounting changes could adversely affect our business.
  • The trading prices of our securities periodically may rise or fall based on the accuracy of predictions of our earnings or other financial performance, including our ability to return value to shareholders.
  • The voting shares of our Company's stock are concentrated in one majority stockholder.
Management Discussion
  • Item 2.     Management's Discussion and Analysis of Financial Condition and Results of Operations.
  • Various statements in this Form 10-Q, or incorporated by reference into this Form 10-Q, in future filings by us with the Securities and Exchange Commission (the "SEC"), in our press releases, and in oral statements made from time to time by us or on our behalf constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding our future operating results and sources of liquidity (especially in light of the COVID-19 pandemic), the implementation and impact of our strategic plans, initiatives and capital expenses, our plans regarding our quarterly cash dividend and Class A common stock repurchase programs, and our ability to meet environmental, social, and governance goals. Forward-looking statements are based on current expectations and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed in or implied by such forward-looking statements. These risks, uncertainties, and other factors include, among others:
  • •the loss of key personnel, including Mr. Ralph Lauren, or other changes in our executive and senior management team or to our operating structure, including those resulting from the recent reduction to our global workforce in connection with our long-term growth strategy, and our ability to effectively transfer knowledge and maintain adequate controls and procedures during periods of transition;

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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