Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on Monday said it plans to spend a combined $2 billion on shareholder rewards through April 2025. That is up 22.8% from the $1.63 billion it spent on buybacks and dividends over a three-year period through April 2022, filings show.

Source: Wall Street Journal September 20, 2022 22:15 UTC