Ralph Lauren Corp. reported net income of $124 million, or $1.41 per diluted share, for the fourth quarter of fiscal 2015. Excluding foreign currency impacts, EPS was $1.69 in the fourth quarter. This compared to net income of $153 million, or $1.68 per diluted share, for the fourth quarter of …
Ralph Lauren Corp. has promoted three executives as it continues its move toward a brand management business model.
Disappointing numbers and a lowered outlook caused Ralph Lauren stock to drop 18%—the lowest level since 2012 and the biggest single-day drop since 1998.
Joy Herfel will be promoted to a new position at Ralph Lauren, overseeing wholesale and retail, and Wayne Meichner is leaving the company