Ralph Lauren Corporation Declares Quarterly Dividend

NEW YORK–(BUSINESS WIRE)–Ralph Lauren Corporation (NYSE:RL) announced that its Board of Directors
has declared a regular quarterly dividend of $0.50 per share on Ralph
Lauren Corporation Common Stock. The dividend is payable on October 14,
2016 to shareholders of record at the close of business on September 30,
2016.

ABOUT RALPH LAUREN

Ralph Lauren Corporation (NYSE: RL) is a global leader in the design,
marketing, and distribution of premium lifestyle products, including
apparel, accessories, home furnishings, and other licensed product
categories. RLC’s long-standing reputation and distinctive image have
been consistently developed across an expanding number of products,
brands, sales channels, and international markets. RLC’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, Denim & Supply Ralph Lauren, Chaps, and Club Monaco,
among others.

This press release and oral statements made from time to time by
representatives of the Company contain certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include 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” 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 Way Forward Plan and long-term growth
strategy, which entails evolving our operating model to enable
sustainable, profitable sales growth by significantly reducing supply
chain lead times, employing best-in class sourcing, and capitalizing on
our repositioning initiatives in certain brands, regions, and
merchandise categories; our ability to achieve anticipated operating
enhancements and/or cost reductions from our restructuring plans, which
could include the potential sale, discontinuance, or consolidation of
certain of our brands; the impact to our business resulting from
potential costs and obligations related to the early termination of our
long-term, non-cancellable leases; our efforts to improve the efficiency
of our distribution system and to continue to enhance, upgrade, and/or
transition our global information technology systems and our global
e-commerce platform; 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 exposure to currency exchange rate
fluctuations from both a transactional and translational perspective,
and risks associated with increases in the costs of raw materials,
transportation, and labor; our ability to continue to maintain our brand
image and reputation and protect our trademarks; the impact to our
business resulting from the United Kingdom’s referendum vote to exit the
European Union and the uncertainty surrounding the terms and conditions
of such a withdrawal, as well as the related impact to global stock
markets and currency exchange rates; the impact of the volatile state of
the global economy, stock markets, and other global economic conditions
on us, our customers, our suppliers, and our vendors and on our ability
and their ability to access sources of liquidity; the impact to our
business resulting from changes in consumers’ ability 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; changes in the competitive
marketplace, including the introduction of new products or pricing
changes by our competitors, and consolidations, liquidations,
restructurings, and other ownership changes in the retail industry; 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 international operations are
subject to 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 impact
to our business of events of unrest and instability that are currently
taking place in certain parts of the world, as well as from any
terrorist action, retaliation, and the threat of further action or
retaliation; 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; changes in our tax
obligations and effective tax rates; changes in the business of, and our
relationships with, major department store customers and licensing
partners; our intention to introduce new products or enter into or renew
alliances and exclusive relationships; our ability to access sources of
liquidity to provide for our cash needs, including our debt obligations,
payment of dividends, capital expenditures, and potential repurchases of
our Class A common stock; our ability to open new retail stores,
concession shops, and e-commerce sites in an effort to expand our
direct-to-consumer presence; our ability to make certain strategic
acquisitions and successfully integrate the acquired businesses into our
existing operations; the potential impact to the trading prices of our
securities if our Class A common stock share repurchase activity and/or
cash dividend rate differs from investors’ expectations; our ability to
maintain our credit profile and ratings within the financial community;
the potential impact on our operations and on our suppliers and
customers resulting from natural or man-made disasters; and other risk
factors identified in the Company’s Annual Report on Form 10-K, Form
10-Q and Form 8-K reports filed with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

Contacts

Ralph Lauren
Investor Relations:
Evren Kopelman, 212-813-7862
or
Corporate
Communications:
Ryan Lally, 212-318-7116