Ralph Lauren beats quarterly revenue estimates

Aug. 6 (Reuters) - Ralph Lauren beat Wall Street estimates for first-quarter revenue on Thursday, helped by strong demand from young and affluent shoppers for its high-priced collections, including linen shorts and lightweight outerwear.

The high-end apparel company, founded by designer Ralph Lauren in 1967, has reported strong growth in recent months despite a broader slowdown in the global luxury sector.

The company posted quarterly revenue of $1.96 billion, compared with analysts' estimates of $1.87 billion, according to data compiled by LSEG.