Ralph Lauren Corp (NYSE:RL) reported that its Board of Directors has announced a regular quarterly payout of $0.50 a share on its commons stock. The payout date is January 12, 2018 while the record date is announced to be December 29, 2017.
Ralph Lauren marks as an international leader in the design, distribution and marketing of premium lifestyle offerings in four categories: home, accessories, fragrances and apparel. For 50 years, the company’s distinctive image and reputation have been consistently advanced across an increasing number of brands, products and global markets.
The firm’s brand names, which comprise Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Ralph Lauren Home, Polo Ralph Lauren Children’s, RLX, American Living, Lauren Ralph Lauren, Chaps and Club Monaco, comprise one of the world’s most recognized families of customer brands.
More recently, the company’s EPS on a reported basis came at $1.75 while it was $1.99 on an adjusted basis, discounting restructuring-linked and other expenses that were mainly associated to activities linked with the firm’s Way Forward plan, for Q2 2018. This compared to earnings of $0.55 per share on a reported basis while on an adjusted basis it came at $1.90 per share, discounting restructuring-linked and other charges, for Q2 2017.
Patrice Louvet, the CEO and Executive Chairman of Ralph Lauren, expressed that he is delighted with the advancement they are making as they continue to solidify the foundations of their business and increase the expression of their iconic brand. Patrice has already shown to be an invaluable associate who is embracing their core values, offering unique expertise and empowering and uniting their capable teams.
The team focus is on creating value for their stakeholders by continuing to lead productivity and re-igniting quality development. While there remains a lot of work to be accomplished, he is thrilled by the early progress the company is making across numerous fronts to strengthen their brand and better link with customers.