Ralph Lauren: dividend increase with quarterly results
In its fourth quarter 2023-24, the high-end fashion house posted a 90% increase in adjusted EPS to $1.71 on revenues up 2% to $1.6 billion (+3% at constant exchange rates).
With full-year revenue growth of 3% at constant exchange rates, Ralph Lauren expects low-single-digit growth (centered around 2-3%) in 2024-25.
The New York-based group also announces the appointment of Justin Picicci as CFO, effective immediately. Jane Nielsen will remain COO for the 2024-25 financial year.
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