Ralph Lauren Second Quarter Fiscal 2019 Results to Be Released Tuesday, November 6, 2018
An online archive of the broadcast will be available by accessing the
Company's investor relations website at http://investor.ralphlauren.com.
A telephone replay of the call will be available from
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 the 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,” “can” 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; our ability to
successfully implement our long-term growth strategy and achieve
anticipated operating enhancements and cost reductions from our
restructuring plans; 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
continue to expand or grow our business internationally and the impact
of related changes in our customer, channel, and geographic sales mix as
a result; our ability to open new retail stores, concession shops, and
digital commerce sites in an effort to expand our direct-to-consumer
presence; the impact to our business resulting from changes in
consumers' ability, willingness, or preferences to purchase premium
lifestyle products that we offer for sale and our ability to forecast
consumer demand, which could result in either a build-up or shortage of
inventory; our ability to continue to maintain our brand image and
reputation and protect our trademarks; our ability to effectively manage
inventory levels and the increasing pressure on our margins in a highly
promotional retail environment; 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; the
impact of economic, political, and other conditions on us, our
customers, suppliers, vendors, and lenders; 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; our efforts to
successfully enhance, upgrade, and/or transition our global information
technology systems and digital commerce platform; 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 potential impact to our
business resulting from the imposition of additional duties, tariffs,
taxes, and other charges or other barriers to trade resulting from the
current trade developments with
View source version on businesswire.com: https://www.businesswire.com/news/home/20181009006044/en/
Source:
Ralph Lauren
Investor Relations:
Evren Kopelman, 212-813-7862
or
Corporate
Communications:
rl-press@ralphlauren.com