Ralph Lauren Beats Estimates on Demand from Wealthy Shoppers
Ralph Lauren reported first-quarter revenue of $1.96 billion, surpassing analyst expectations of $1.87 billion. The luxury apparel company saw adjusted earnings of $4.59 per share as high-priced collections drove growth despite a broader global sector slowdown.
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RALPH LAUREN CORP surpassed first-quarter Wall Street estimates on August 6 as affluent shoppers drove demand for high-priced seasonal collections. Shares rose 3% during midday trading following the results. The performance highlights the brand's resilience while the broader global luxury sector faces a spending slowdown.
