Reported about 1 month ago
Ralph Lauren has increased its annual revenue forecast due to strong demand for its spring collection among younger consumers, particularly its dresses and Polo shirts, resulting in a 15% rise in shares. The company reported a 6% growth in third-quarter revenue in North America, with overall quarterly sales rising 10.8% to $2.14 billion, exceeding analyst expectations. Additionally, the brand has seen significant demand from China, with revenue in the region increasing by over 20%. Ralph Lauren now anticipates a revenue increase of 6% to 7% for 2025.
Source: YAHOO