The company has unveiled its new strategic plan, which includes financial targets for the next three years.
Celebrating its 25th year as a public company, the luxury lifestyle brand laid out the plan, dubbed “Next Great Chapter: Accelerate,” at its Investor Day in New York City.
During the next three years, the company Ralph Lauren expects revenue to show a compounded annual growth rate in the mid- to high-single digits, with operating profit growth exceeding the top-line expansion in constant currency by 2025. The company also plans to return $2bn to investors in the form of dividends and share repurchases.
“Since our last investor day in 2018, we have transformed our business – building a strong foundation with multiple engines of growth that are already showing momentum,” stated Patrice Louvet, President and CEO. “Our Next Great Chapter: Accelerate plan is grounded in this meaningful progress, building on our elevated brand positioning and desirability; our distinctive, timeless products and experiences across multiple categories; and our expanding reach in key cities around the world.”