Ralph Lauren PT Drops to $79 at Instinet
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February 2, 2017 8:01 AM EST
Reported EPS of $0.98 and Adjusted EPS of $1.86
Maintains Its Fiscal 2017 Outlook
Announces CEO Departure; Jane Nielsen to Lead Execution of the Way
Forward Plan
NEW YORK--(BUSINESS WIRE)--
Ralph Lauren Corporation (NYSE: RL), a global leader in the design,
marketing, and distribution of premium lifestyle products, today
reported earnings per diluted share of $0.98 on a reported basis and
$1.86 on an adjusted basis, excluding restructuring and other related
charges recorded in connection with the Companys Way Forward... More
February 2, 2017 8:01 AM EST
The Company and Stefan Larsson Mutually Agree to Part Ways; Company
Will Conduct CEO Search; Execution of the Way Forward Plan Will Continue
NEW YORK--(BUSINESS WIRE)--
Ralph Lauren Corporation (NYSE: RL) today announced that Stefan Larsson,
President and Chief Executive Officer, will depart from the Company on
May 1. A search for a new Chief Executive Officer will be conducted. The
Company will continue to execute the Way Forward Plan announced in June
2016, and Chief Financial Officer Jane Nielsen will lead the execution
of the Plan until a new CEO joins... More
