Image Shown: Ralph Lauren Corporation’s long-term goals. Image Source: Ralph Lauren Corporation – Fiscal 2020 Annual Report
By Callum Turcan
The apparel, fragrance, and accessory company Ralph Lauren Corporation (RL) suspended its dividend in late-May 2020 after reporting its fourth quarter fiscal 2020 earnings (period ended March 28, 2020) in the face of the coronavirus (‘COVID-19’) pandemic. Given Ralph Lauren’s net cash position and quality cash flow profile (relatively low capital expenditure requirements to maintain its revenue generating abilities), this move came somewhat as a surprise. COVID-19 has been wreaking havoc on