Ralph Lauren unveils 'Next Great Chapter: Accelerate' plan; targets mid-to high-single-digit revenue CAGR through FY2025

RALPH LAUREN CORP

Revenue CAGR target of mid- to high-single digits in constant currency through FY2025; operating margin to reach at least 15%.
Plans to return ~$2B cumulative excess free cash flow to shareholders through FY2025 via dividends and share repurchases.
Quarterly dividend increased 9% to $0.75 per share; current share repurchase authorization of up to $1.4B.
Capex to be ~4-5% of revenue annually through FY2025; operating profit growth to exceed revenue growth.

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