Narrow-Moat Ralph Lauren Executes on Strategic Endeavors but May Crimp Gross Margin Pursuing Growth
Narrow-moat Ralph Lauren’s second-quarter results evidence that the firm continues to execute its brand revitalization strategy. Sales grew 1.6% (versus our full-year forecast of flat) driven by strong growth in China (up 13%) and digital sales (up 10%), while adjusted gross margin improved to 60.9% (up 100 basis points), stemming from its strategic endeavors to improve the brand’s image by reducing promotional activity while prioritizing e-commerce sales.Due to recent results, management raise...
Ralph Lauren designs, markets, and distributes lifestyle products, including apparel, accessories, home furnishings, and other licensed product categories. The company's brand names include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, and Club Monaco, among others. The company sells directly to customers via its retail stores, concession-based shop-within-shops, and through its own digital commerce sites; while its international licensing partners operated Ralph Lauren stores, Ralph Lauren concession shops, and Club Monaco stores and shops. The company has three segments: North America ; Europe; and Asia.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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