Ralph Lauren Corporation Declares Quarterly Dividend
ABOUT
This press release and oral statements made from time to time by
representatives of the Company may contain certain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding, among other things, our current expectations about the
Company's future results and financial condition, revenues, store
openings and closings, employee reductions, margins, expenses and
earnings and are indicated by words or phrases such as "anticipate,"
"estimate," "expect," "project," "we believe" and similar words or
phrases. These forward-looking statements 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. Forward-looking statements are based largely
on the Company's expectations and judgments and are subject to a number
of risks and uncertainties, many of which are unforeseeable and beyond
our control. The factors that could cause actual results to materially
differ 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, and our ability to effectively
transfer knowledge during periods of transition; the potential impact to
our business and future strategic direction resulting from our
transition to a new Chief Executive Officer; our ability to successfully
implement our long-term growth strategy, which entails evolving our
product, marketing, and shopping experience to increase desirability and
relevance, and evolving our operating model to enable sustainable,
profitable sales growth by significantly reducing supply chain lead
times, improving our sourcing, and executing a disciplined multi-channel
distribution and expansion strategy; the impact to our business
resulting from investments and other costs incurred in connection with
the execution of our long-term growth strategy, including
restructuring-related charges, which may be dilutive to our earnings in
the short term; our ability to achieve anticipated operating
enhancements, sales growth, and/or cost reductions from our
restructuring; the impact to our business resulting from potential costs
and obligations related to the early closure of our stores or
termination of our long-term, non-cancellable leases; our ability to
effectively manage inventory levels and the increasing pressure on our
margins in a highly promotional retail environment; our efforts to
successfully enhance, upgrade, and/or transition our global information
technology systems and ecommerce platform; our ability to secure our
facilities and systems and those of our third-party service providers
from, among other things, cybersecurity breaches, acts of vandalism,
computer viruses, or similar Internet or email events; a variety of
legal, regulatory, tax, political, and economic risks, including risks
related to the importation and exportation of products, tariffs, and
other trade barriers which our operations are currently subject to, or
may become subject to as a result of potential changes in legislation,
and other risks associated with our international operations, such as
compliance with the Foreign Corrupt Practices Act or violations of other
anti-bribery and corruption laws prohibiting improper payments, and the
burdens of complying with a variety of foreign laws and regulations,
including tax laws, trade and labor restrictions, and related laws that
may reduce the flexibility of our business; the impact to our business
resulting from the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170616005662/en/
Source:
Ralph Lauren
Investor Relations:
Evren Kopelman, 212-813-7862
or
Corporate
Communications:
Katie Ioanilli, 212-205-5947
rl-press@ralphlauren.com