Ralph Lauren (RL) stock is thriving with digital initiatives, aiming for growth and brand elevation.

From Nasdaq: 2024-07-05 12:46:00

Ralph Lauren Corporation (RL) is thriving with its digital initiatives and expansion strategies, boosting shares by 38.4%. The company is enhancing its digital and omnichannel capabilities through mobile investments and fulfillment, aiming for growth in the apparel and accessories market. Digital sales increased in Europe and Asia in Q4 FY24.

Despite challenges like inflation, Ralph Lauren remains focused on its “Next Great Chapter” plan, transitioning Chaps to a licensed business for brand elevation. Management projects low-single-digit revenue growth in FY25 and operating margin growth at cc. Analysts estimate sales and EPS growth of 2.4% and 7.4% in FY25, reflecting confidence in the company.

Other top companies in the apparel and leisure industry include G-III Apparel Group (GIII), Royal Caribbean (RCL), and lululemon athletica (LULU). GIII and RCL have shown strong earnings performance, while LULU targets the millennial and Gen Z demographics with growing sales and EPS figures. Consider these companies for potential investment opportunities.

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Read more at Nasdaq: Here’s Why You Should Hold Ralph Lauren (RL) Stock Right Now