Ralph Lauren up after co raises annual revenue forecast - RL News | RalliesRalph Lauren up after co raises annual revenue forecast
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RL• Shares rise after higher annual revenue outlook
- Shares of high-end apparel company Ralph Lauren
RL.N were up about 5% at $400.52.
- The company raised its fiscal 2027 revenue forecast to around 5% to 6%, compared with a prior rise of 4% to 5%.
- It beat quarterly revenue and profit estimates, helped by resilient demand from young and affluent shoppers for its high-priced collections.
- Ralph Lauren reported first-quarter revenue of $1.96 billion, beating estimates of $1.87 billion, according to data compiled by LSEG.
- It posted Q1 adjusted EPS of $4.59, also beating expectations of $4.32.
- As of the last close, RL was up about 8% year to date.
