The question-and-answer session, of a usually boring annual meeting, got a little spicy, as shareholders hit up top management with questions on a few hot-button issues.
“All three of our regions are back to top-line growth,” Louvet said. “Our revenues are slightly ahead of pre-pandemic levels and operating profit dollars are also 30 percent higher, all while ramping up investments in marketing, digital, new stores and our people.”
The CEO said the business has been “fundamentally repositioned” and that the effort was “already starting to yield positive results.” The other tough questions from shareholders fell to Katie Ioanilli, chief global impact and communications officer. despite human rights concerns, Ioanilli asserted that Ralph Laruen follows the United Nations’ guiding principles in the area and insists that its suppliers do the same.
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