Ralph Lauren Stock Drops Despite Strong Q3 Earnings Beat
Ralph Lauren shares fall 9% as growth slows and tariff concerns mount, despite beating Q3 expectations with $2.4B revenue and raised full-year outlook.
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Elliott Invests $1B in Lululemon, Eyes New CEO
Activist investor Elliott Management acquires over $1 billion stake in Lululemon and proposes retail veteran Jane Nielsen as potential CEO to help turn around the struggling athletic wear brand.
Ralph Lauren’s Three-Year Sales Guidance Disappoints Investors
Ralph Lauren expects modest sales growth (mid-single-digit) for the next three years, disappointing investors despite recent success from preppy trends and higher product prices. Shares fell 4%. The company plans to return $2 billion to shareholders by fiscal 2028.