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Ralph Lauren declares quarterly dividend of $0.45/share
27
Sep '14
Fashion and luxury brand Ralph Lauren has announced that the company’s Board of Directors has declared a regular quarterly dividend of US$ 0.45 per share on Ralph Lauren Corporation Common Stock.

The dividend is payable on the 10th of October, 2014, to shareholders of record at the close of business on 26th of September, 2014.

The net income at Ralph Lauren fell to $ 162 million or $ 1.80 per diluted share in Q1FY15 against $ 181 million or $ 1.94 per diluted share in Q1FY14.

Net revenues for the company rose by 3% to $ 1.7 billion in Q1FY15, led by strong retail segment sales growth and double-digit expansion in international markets, out of which wholesale sales posted $ 708 million, 4% below the prior year period and retail sales rose 9% to $ 960 million in the same period.

Ralph Lauren ended the first quarter with $ 1.4 billion in cash and investments, or $ 1.1 billion in cash and investments net of debt, which is stable compared to the same quarter in FY14.

The first quarter ended with inventory of $ 1.2 billion compared to $ 1.1 billion in the prior year period. The increase in inventory primarily reflects investments to support anticipated sales growth for existing operations and new store openings, in addition to incremental inventory associated with newly transitioned operations.

Ralph Lauren, headquartered in New York, in US, is one of the leaders in the design, marketing and distribution of apparels. The Company’s brand names, which include Polo Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Lauren by Ralph Lauren, RRL, RLX, Ralph Lauren Kids wear, Denim & Supply Ralph Lauren, American Living, Chaps and Club Monaco, constitute one of the world’s most widely recognized families of consumer brands. (GK)

Fibre2fashion News Desk - India

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