Ralph Lauren Corp. sees revenue growth remaining similar to recent rates over the next three years, according to the preppy fashion company’s latest strategic outlook.
The New York-based retailer is projecting sales to grow at a mid-single-digit percentage annually through fiscal 2028, according to a statement Tuesday.
That’s roughly in-line with estimates from analysts compiled by Bloomberg. But it’s also slower growth than the company has posted in recent quarters.
The shares fell 3.2% at 9:30 a.m. on Tuesday. The stock has risen 37% this year through Monday’s close.
“We have established multiple, diversified engines of growth that continue to gain momentum,” Chief Executive Officer Patrice Louvet said in the statement. Later Tuesday, Ralph Lauren will host a presentation for investors in New York.
Ralph Lauren plans to return at least $2 billion to shareholders through fiscal 2028.
The company, which played a key role in helping to popularize polo shirts in the 70s and 80s, has benefited from a revival of preppy looks as well as renewed interest in vintage styles.
Couple that with relatively low prices versus high-end brands such as Louis Vuitton and Dior, and Ralph Lauren has posted consistent growth for nearly five years. The brand has made inroads with wealthier customers and those under the age of 35.
The company has been raising the average price of its products. Some of its most popular products include its oxford shirt, which costs about $130, and a $250 cotton corduroy shirtdress.
The company has said its cautious about the the second half of 2025 in part due to tariffs. Ralph Lauren reiterated its guidance for fiscal 2026, which runs through March.
Profitability has been bolstered in recent quarters by lower levels of promotions and more expensive items, both of which have helped elevate the brand’s reputation.
Written by: Lily Meier @Bloomberg
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