Feb 5 (Reuters) – Ralph Lauren posted third-quarter sales that topped Wall Street estimates on Thursday, buoyed by a strong holiday season and resilient demand for its polo shirts and leather handbags among affluent shoppers. The luxury retailer reported a 12% jump in quarterly revenue to $2.41 billion. Analysts on average estimated a 7.9% rise […]
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Ralph Lauren posts third-quarter sales beat
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Feb 5 (Reuters) – Ralph Lauren posted third-quarter sales that topped Wall Street estimates on Thursday, buoyed by a strong holiday season and resilient demand for its polo shirts and leather handbags among affluent shoppers.
The luxury retailer reported a 12% jump in quarterly revenue to $2.41 billion. Analysts on average estimated a 7.9% rise to $2.31 billion, according to data compiled by LSEG.
(Reporting by Savyata Mishra in Bengaluru; Editing by Tasim Zahid)