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 July 12.

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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