Ralph Lauren outlined new three-year targets on Wednesday, calling for mid-single-digit sales growth and 100 to 150 basis points of margin expansion, with management stressing its 16% outlook is not a ceiling. Growth is expected from Asia and Europe, alongside women’s apparel, handbags, and store expansion in APAC and EMEA. Bank of America said the plan mirrors past strategy and maintained a Buy rating with a $360 price forecast, about 14% above current levels. The firm pointed to drivers such as pricing power, easing input costs, and productivity gains, as well as a new $400 million cost savings program. BofA argued guidance could be conservative, highlighting opportunities in the women’s category after strong early results. Ralph Lauren recently beat first-quarter expectations, with revenue up 14% to $1.72 billion and adjusted EPS of $3.77, topping forecasts.
