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May 24, 2022, 8:18 a.m. EDT

Ralph Lauren results beat expectations, dividend raised

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    Ralph Lauren Corp. Cl A (RL)

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By Tonya Garcia

RL

Ralph Lauren Corp. /zigman2/quotes/207257694/composite RL +1.17% posted fiscal fourth-quarter net income totaling $24.4 million, or 34 cents per share, after a loss of $74.1 million, or $1.01 per share, last year. Adjusted EPS of 49 cents beat the FactSet consensus for 36 cents. Revenue of $1.523 billion was up from $1.287 billion and also beat the FactSet consensus for $1.463 billion. Ralph Lauren raised its quarterly dividend by 9% to 75 cents per share, payable on July 15, 2022 to shareholders of record at the close of business on July 1, 2022. Ralph Lauren stock was up 1.7% in Tuesday premarket trading, and has fallen 23.5% for the year to date.

/zigman2/quotes/207257694/composite
US : U.S.: NYSE
$ 90.70
+1.05 +1.17%
Volume: 748,555
July 1, 2022 4:03p
P/E Ratio
11.31
Dividend Yield
3.31%
Market Cap
$6.36 billion
Rev. per Employee
$280,113
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