Report
Bridget Weishaar
EUR 101.80 For Business Accounts Only

Ralph Lauren delivers profitability gains through cost efficiencies and improved sales quality.

Although Ralph Lauren reported a 9% revenue decline in its fiscal 2018 second quarter, efforts to close unproductive distribution in retail and wholesale and to reduce promotional activity and off-price shipments appear to be paying dividends, with adjusted gross margin up 300 basis points to 59.9%. We think this supports our thesis that the brand is strong enough to retain pricing power (the basis for our narrow moat rating) and that execution missteps, not brand degradation, led to gross margi...
Underlying
Ralph Lauren Corporation Class A

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Bridget Weishaar

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