Ralph Lauren: dividend increased with FY results

(CercleFinance.com) - On the occasion of the publication of its annual results, Ralph Lauren announces a 10% increase in its quarterly dividend to $0.
825 per share, to be paid to shareholders on 12 July.

In Q4 2023-24, the upmarket fashion house posted a 90% increase in adjusted EPS to $1.71 on revenues that rose 2% to $1.6bn (+3% at constant exchange rates).

With FY 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 FY 2024-25.


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