Ralph Lauren sees faster growth on higher prices, new customers

Source: irishtimes.com irishtimes.com

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Ralph Lauren is targeting sales growth over the next three years that’s faster than Wall Street’s estimates, with the fashion brand aiming to pick up new customers and continuing to raise prices. The New York-based apparel company is targeting revenue growth in the mid- to high-single digits in each of the next three fiscal years, including the current one, according to a statement published Monday in advance of a presentation to investors. The new outlook, which excludes currency-related fluctuations, covers the fiscal years that run through the first three months of 2025. “This company is now poised to accelerate growth...