Ralph Lauren said Tuesday it expects annual revenue to grow at a mid-single-digit rate through fiscal 2028, in line with analyst forecasts but slower than recent quarterly performance. The New York-based company presented its strategic outlook to investors. Shares fell 3.2% in early trading following the announcement, though the stock remains up 37% this year. Ralph Lauren pledged to return at least $2 billion to shareholders over the period. The company has benefited from preppy and vintage style revivals, plus relatively lower prices versus luxury rivals. However, the brand flagged tariffs as a potential challenge in H2 2025.