|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||85.15 - 87.21|
|52 Week Range||83.50 - 141.62|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||16.02|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||2.75 (3.16%)|
|1y Target Est||126.69|
Rating Action: Moody's upgrades five and affirms nine classes of MSBAM 2012- C5. Global Credit Research- 16 Aug 2019. Approximately $943 million of structured securities affected.
Delayed China tariffs on certain products is great news for companies preparing for the back-to-school and holiday shopping seasons.
In January, the Mediterranean Shipping Company vessel Zoe had 270 containers go overboard into the North Sea. The cost of lost cargo can be enormous. In the first quarter of 2019, Ralph Lauren (NYSE: RL) posted a net profit margin of 6.83 percent.
(Bloomberg Opinion) -- The slew of value- and mid-price retailers that have entered bankruptcy in recent years is getting some posh company.Barneys New York, the upscale department store, said Tuesday that it had filed for Chapter 11 bankruptcy protection after reports that it was seeking a lifeline as it grappled with high rents and tough competition. The retailer said it planned to close 15 physical stores. The remaining business will include five flagship department stores, two Warehouse stores and its e-commerce shop.Barneys isn’t a particularly large chain; Saks Fifth Avenue and Neiman Marcus are close competitors that have more stores. So its closings won’t roil the retail landscape like those of ubiquitous retailers such as Sears or Toys “R” Us. However, thanks to paparazzi photos of Kim Kardashian and other celebrities stopping by its stores, and the reputation of its Freds restaurant as a hub for New York’s elite, it looms large as a defining emblem of American luxury.Its financial woes are similarly symbolic because they demonstrate just how much the pressure to innovate in the luxury business has ramped up in recent years.Luxury apparel and accessories brands and stores weren’t exactly at the leading edge of e-commerce, with some in the industry believing that consumers would never migrate en masse to online shopping for expensive pieces that were traditionally sold with high-touch customer service. That notion has been disproved, and online is quickly becoming the category’s most important battleground.It isn’t that Barneys stood still on e-commerce. I remember interviewing a senior e-commerce executive there in 2015 and thinking the company was making good progress on buzzy industry ideas such as personalization. The problem is competition for a relatively narrow market — meaning shoppers who can shell out $4,820 for a midi dress — is becoming fiercer.Richemont’s Net-a-Porter has established itself as a go-to digital destination. Matches Fashion, which is based in the U.K. but counts the U.S. as its largest market, is becoming a formidable e-commerce force with a particular emphasis on introducing customers to new, under-the-radar designers. That is something Barneys has also been known for over the years.Meanwhile, marquee luxury brands are lavishing more attention on their own stores and websites, seeking more control over the customer experience. And resale marketplaces such as Farfetch Ltd. and the RealReal Inc. are putting secondhand luxury inventory at shoppers’ fingertips. In other words, customers who might have defaulted to Barneys five years ago have seen an explosion of other options.Barneys isn’t just a victim of evolving shopping habits, though. The company said in its press release that it has also been choked by high rents. The Wall Street Journal has reported the rent on its Madison Avenue store has risen to $27.9 million from $16.2 million earlier this year. According to data from CBRE, rents in prime shopping areas in Manhattan have fallen from recent peaks, but they remain elevated from where they were at the beginning of the decade.It’s clear that the value of the Manhattan or other big city flagships is being re-evaluated up and down the retail food chain. Lord & Taylor closed its storied Manhattan location, and Ralph Lauren Corp. and Abercrombie & Fitch Co. have also moved to give up New York flagships. These chains seem to be deciding that they don’t need flashy showpieces, just productive stores.The trouble is, an ultra-high-end retailer like Barneys does need showpieces. It needs for its stores to be emporiums of rarity and inspiration. Matches Fashion recently set up a temporary shop on a yacht and ferried customers around the Italian Coastline. The renovated Selfridges in London is setting an extremely high bar for what global luxury shopping should look like. Barneys needs to keep up, and having sprawling, well-appointed stores in big cities is part of that.So, while less-upscale retailers can afford to ditch or shrink their lavish flagships, Barneys simply can’t. And that makes its recovery that much more difficult.Barneys may emerge from its bankruptcy as a smaller but healthier company. The fact that it ended up here, though, should put the rest of the luxury world on notice. No matter how iconic your brand, you aren’t immune to sweeping change.To contact the author of this story: Sarah Halzack at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Ralph Lauren (NYSE: RL ) reported first-quarter earnings of $1.77 per share, which beat the analyst consensus estimate of $1.66. This is a 14.94% increase over earnings of $1.54 per share from the same ...
Another busy day awaits investors here in the middle of summer: U.S.-China trade talks resume, Personal Income & Spending data is out and Q2 earnings continue their torrent.
Ralph Lauren (RL) delivered earnings and revenue surprises of 6.63% and 1.01%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Ralph Lauren Corp said on Tuesday it expects full-year sales in North America to be pressured by a tough retail environment and weakness in spending by foreign tourists, overshadowing upbeat quarterly earnings and sending its shares down about 4%. The New York-based company has launched limited edition apparel, invested heavily in new marketing strategies and partnered with professional golfer Justin Thomas for the sporting season to reinvigorate sales of core products like its Polo shirts. Ralph Lauren has taken a slightly more cautious view of the retail environment for the year ahead and continues to see challenges with brick-and-mortar traffic, including foreign tourist volatility, Chief Executive Officer Patrice Louvet said on a post-earnings call with analysts.
Ralph Lauren Corp. shares climbed 5.2% in Tuesday premarket trading after the luxury clothing and accessories company reported earnings that beat expectations. Fiscal first-quarter net income totaled $117.1 million, or $1.47 per share, up from $109.0 million, or $1.31 per share, last year. Adjusted EPS of $1.77 was ahead of the $1.66 FactSet consensus. Revenue of $1.43 billion was up from $1.39 billion last year and beat the $1.42 billion FactSet guidance. North American same-store sales rose 1%, below the 4% growth FactSet forecast; European same-store sales grew 4%, exceeding the 2% FactSet consensus; and Asian same-store sales were up 5%, ahead of the 4% FactSet guidance. Ralph Lauren stock has gained 7.6% in 2019 while the S&P 500 index is up 20.5% for the period.
NEW YORK-- -- First Quarter Revenues Grew 3% to $1.4 billion Earnings Per Diluted Share Increased Double-Digits on Both a Reported and Adjusted Basis Operating Margins Increased 60 Basis Points on a Reported Basis and 110 Basis Points on an Adjusted Basis The Company Repurchased 1.3 Million Shares of Class A Common Stock During the First Quarter Ralph Lauren Corporation , a global leader in the design, ...
There are two key events that investors will be paying close attention to on Tuesday, the start of the Federal Open Market Committee’s meeting and tech giant Apple’s earnings report.
Ralph Lauren (NYSE: RL ) announces its next round of earnings this Tuesday, July 30. Here is Benzinga's everything-that-matters guide for the Q1 earnings announcement. Earnings and Revenue Wall Street ...
Ralph Lauren Corp. is due to report earnings on Tuesday so let's check out the charts and indicators ahead of time to see if we can glean any insights on how investors or traders are positioned. In this daily bar chart of RL, below, we can see that prices have lost ground over the past 12 months. The daily On-Balance-Volume (OBV) line has been weak the past year telling us that sellers of RL have been more aggressive.
Ralph Lauren (RL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.