(CercleFinance.com) – Ralph Lauren rose on the New York Stock Exchange on Monday after the fashion group unveiled its long-term financial objectives in the morning during a meeting with investors and the analysts.
The American group, known among other things for its cotton polo shirts, has indicated that it intends to accelerate the growth of its turnover over the next three years to bring it to a level between 5% and 10% over the period. .
The clothing group also explains that it plans to increase its operating profit at a rate higher than that of its turnover at constant exchange rates by 2025.
Its operating margin should thus increase to at least 15% by the end of the 2024/2025 financial year, in particular under the impetus of the exploitation of the positioning and the desirability of the brand, explains its managing director. Patrice Louvet.
The New York group has also assured that it intends to redistribute some two billion dollars of cash to its shareholders in the form of dividends and share buybacks by the end of the 2024/2025 financial year.
The company, founded more than 50 years ago by Ralph Lauren, still the brand’s creative director, today celebrates the 25th anniversary of its IPO, an event which saw its management team ring the bell marking the open this morning on the NYSE.
A little over an hour after the start of the session, the title progressed by 2.8%.
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