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On Monday morning, Ralph Lauren unveiled its long-term financial objectives at a meeting with investors and analysts. Its share price was up on the New York Stock Exchange the same day.
The U.S. brand, known in particular for its polo shirts and wool sweaters, said it plans to accelerate its revenue growth in the coming months.
It also explained that it plans to increase its operating profit at a rate higher than that of its sales, at constant exchange rates, by 2025.
Its operating margin should thus increase by 15% by the end of 2024/2025.
The group also said it will return 2 billion dollars in cash to its shareholders in the form of dividends and share buybacks over the same period.
The firm, founded more than 50 years ago by Ralph Lauren, was celebrating the 25th anniversary of its IPO yesterday.
An event that gave the right to its management team to ring the bell announcing the opening of the markets this morning on the NYSE (New York Stock Exchange)
One hour after the opening, the stock was up 2.8%.
Read also >Stock exchange: Volkswagen targets a valuation of 75 billion euros for Porsche
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On Monday morning, Ralph Lauren unveiled its long-term financial objectives at a meeting with investors and analysts. Its share price was up on the New York Stock Exchange the same day.
The U.S. brand, known in particular for its polo shirts and wool sweaters, said it plans to accelerate its revenue growth in the coming months.
It also explained that it plans to increase its operating profit at a rate higher than that of its sales, at constant exchange rates, by 2025.
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On Monday morning, Ralph Lauren unveiled its long-term financial objectives at a meeting with investors and analysts. Its share price was up on the New York Stock Exchange the same day.
The U.S. brand, known in particular for its polo shirts and wool sweaters, said it plans to accelerate its revenue growth in the coming months.
It also explained that it plans to increase its operating profit at a rate higher than that of its sales, at constant exchange rates, by 2025.
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