Ralph Lauren Corp Files 2024 10-K

TL;DR

RL's 2024 10-K is in. Full financials for the year ending March 30, 2024, are now public.

AI Summary

Ralph Lauren Corporation filed its 2024 10-K report, detailing its financial performance for the fiscal year ending March 30, 2024. The company, headquartered at 650 Madison Avenue, New York, NY, operates within the Men's & Boys' Furnishings sector. The filing covers its financial position and operational results, with specific financial data and disclosures for the reporting period.

Why It Matters

This 10-K filing provides investors and analysts with a comprehensive overview of Ralph Lauren's financial health and strategic direction for the past fiscal year, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual financial filing for a publicly traded company, providing routine disclosures.

Key Numbers

• 20240330 — Fiscal Year End (The report covers the financial period ending on this date.)
• 20240523 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• Ralph Lauren Corporation (company) — Filer of the 10-K
• 650 Madison Avenue, New York, NY (location) — Company Headquarters
• 20240330 (date) — Fiscal Year End
• 20240523 (date) — Filing Date

FAQ

Filing Documents

• rl-20240330.htm (10-K) — 3014KB
• rl-20240330x10kex33.htm (EX-3.3) — 151KB
• rl-20240330x10kex1037.htm (EX-10.37) — 68KB
• rl-20240330x10kex1038.htm (EX-10.38) — 118KB
• rl-20240330x10kex191.htm (EX-19.1) — 45KB
• rl-20240330x10kex211.htm (EX-21.1) — 51KB
• rl-20240330x10kex231.htm (EX-23.1) — 3KB
• rl-20240330x10kex311.htm (EX-31.1) — 10KB
• rl-20240330x10kex312.htm (EX-31.2) — 10KB
• rl-20240330x10kex321.htm (EX-32.1) — 5KB
• rl-20240330x10kex322.htm (EX-32.2) — 5KB
• rl-20240330x10kex971.htm (EX-97.1) — 29KB
• rl-20240330_g1.jpg (GRAPHIC) — 81KB
• rl-20240330_g2.jpg (GRAPHIC) — 101KB
• 0001037038-24-000014.txt ( ) — 16152KB
• rl-20240330.xsd (EX-101.SCH) — 86KB
• rl-20240330_cal.xml (EX-101.CAL) — 133KB
• rl-20240330_def.xml (EX-101.DEF) — 486KB
• rl-20240330_lab.xml (EX-101.LAB) — 1084KB
• rl-20240330_pre.xml (EX-101.PRE) — 825KB
• rl-20240330_htm.xml (XML) — 2766KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 24 Item 1B. Unresolved Staff Comments 39

C

Item 1 C . Cybersecu rity 39 Item 2.

Properties

Properties 41 Item 3.

Legal Proceedings

Legal Proceedings 42 Item 4. Mine Safety Disclosure 42 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 42 Item 6. Reserved 43 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 44 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 74 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 74 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 74 Item 9A.

Controls and Procedures

Controls and Procedures 74 Item 9B. Other Information 75 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 76 PART III Item 10. Directors, Executive Officers and Corporate Governance 77 Item 11.

Executive Compensation

Executive Compensation 77 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 77 Item 13. Certain Relationships and Related Transactions, and Director Independence 78 Item 14. Principal Accountant Fees and Services 78 PART IV Item 15. Exhibits and Financial Statement Schedules 78 Item 16. Form 10-K Summary 80

Signatures

Signatures 81 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Various statements in this Form 10-K or incorporated by reference into this Form 10-K, in future filings by us with the Securities and Exchange Commission (the "SEC"), in our press releases, and in 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, without limitation, statements regarding our current expectations about the Company's future operating results and financial condition, the implementation and results of our strategic plans and initiatives, store openings and closings, capital expenses, our plans regarding our quarterly cash dividend and Class A common stock repurchase programs, our ability to meet citizenship and sustainability goals, and the senior management of the Company. Forward-looking statements are based on current expectations and are indicated by words or phrases such as "aim," "anticipate," "outlook," "estimate," "ensure," "commit," "expect," "project," "believe," "envision," "goal," "target," "can," "will," 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. These risks, uncertainties, and other factors 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, including any potential changes resulting from the execution of our long-term growth strategy, and our ability to effectively transfer knowledge and maintain adequate controls and procedures during periods of transition; the potential impact to our busin

Business

Item 1. Business. General Founded in 1967 by Mr. Ralph Lauren, we are a global leader in the design, marketing, and distribution of luxury lifestyle products, including apparel, footwear & accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. Our long-standing reputation and distinctive image have been developed across a wide range of products, brands, distribution channels, and international markets. We believe that our global reach, breadth of lifestyle product offerings, and multi-channel distribution network are unique among luxury and apparel companies. We diversify our business by geography (North America, Europe, and Asia, among other regions) and channel of distribution (retail, wholesale, and licensing). This allows us to maintain a dynamic balance as our operating results do not depend solely on the performance of any single geographic area or channel of distribution. We sell directly to consumers through our integrated retail channel, which includes our retail stores, concession-based shop-within-shops, and digital commerce operations around the world. Our wholesale sales are made principally to major department stores, specialty stores, and third-party digital partners around the world, as well as to certain third-party-owned stores to which we have licensed the right to operate in defined geographic territories using our trademarks. In addition, we license to third parties for specified periods the right to access our various trademarks in connection with the licensees' manufacture and sale of designated products, such as certain apparel, eyewear, fragrances, and home furnishings. 3 We organize our business into the following three reportable segments: North America, Europe, and Asia. In addition to these reportable segments, we also have other non-reportable segments. See " Our Segments " for further discussion of our segment

View Full Filing

View this 10-K filing on SEC EDGAR