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Ralph Lauren Guides Q1, FY22 Revenue Growth; Reinstates Dividend


Ralph Lauren Guides Q1, FY22 Revenue Growth; Reinstates Dividend
WASHINGTON (dpa-AFX) - While reporting its financial results for the fourth quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenues to increase approximately 140 to 150 percent in constant currency for the first quarter and approximately 20 to 25 percent in constant currency for the full year 2022. The guidance excludes restructuring-related and other charges
On average, analysts polled by Thomson Reuters expect the net sales to surge 84.0 percent to $1.13 billion for the quarter and 31.1 percent to $5.66 billion for the year.
The company continues to note that the ongoing uncertainty and evolving situation surrounding COVID-19 is impacting the timing and path of recovery in each market, including the potential for further resurgences of the pandemic across various markets. ....

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Democrats warn Waters censure move opens floodgates


And moments before this week’s vote, House Majority Leader Steny Hoyer
“As my friend the leader knows, we haven’t had all the resolutions that have been introduced on my side of the aisle,” Hoyer said as House Minority Leader Kevin McCarthy
“This makes it harder, however, not to proceed on numerous resolutions on my side of the aisle,” he added.
The threat underscores how lawmakers have fewer qualms about imposing punishments as severe as censure or expulsion against each other as they continue to harbor fury over the insurrection more than three months ago.
It’s also a reflection of an ever-more-polarized environment where lawmakers are quicker to turn to demanding maximum sanctions when they’re outraged over conduct by members of the opposing party. ....

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