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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<\/strong>.<\/p>\n <\/p>\n 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.<\/p>\n <\/p>\n Its operating margin should thus increase by 15%<\/strong> by the end of 2024\/2025.<\/p>\n <\/p>\n The group also said it will return 2 billion dollars in cash to its shareholders<\/strong> in the form of dividends and share buybacks over the same period.<\/p>\n <\/p>\n The firm, founded more than 50 years ago by Ralph Lauren, was celebrating the 25th anniversary of its IPO yesterday.<\/p>\n <\/p>\n 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<\/strong> (New York Stock Exchange)<\/p>\n <\/p>\n One hour after the opening, the stock was up 2.8%<\/strong>.<\/p>\n <\/p>\n Read also >Stock exchange: Volkswagen targets a valuation of 75 billion euros for Porsche<\/a><\/p>\n <\/p>\n Featured photo : \u00a9Wikipedia[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n 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<\/strong>.<\/p>\n <\/p>\n 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.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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.<\/h4>\n