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Ralph Lauren Shares Jump 10% as Strong China Sales Help Fuel Growth
Higher prices and stronger sales in North America, Europe and Asia helped lift adjusted earnings by 26 cents above analysts’ forecasts.
- Shares of Ralph Lauren Corporation surged about 10% on Thursday after the luxury apparel brand reported quarterly revenue of $1.98 billion, beating the $1.85 billion analyst estimate.
- Strong demand for Polo shirts and cable-knit jumpers among affluent shoppers drove the performance, with sales in China surging more than 50% during the Lunar New Year.
- North American sales reached $763 million, while Asian revenues advanced 31% to $564 million and European revenues increased 18% to $620 million, lifting net profits 17.5% to $151.6 million.
- The results contrast sharply with LVMH, where global sales rose just 1%, as the war in Iran shaved at least 1 percentage point off the luxury giant's sales in Gulf shopping hubs.
- President and CEO Patrice Louvet warned of "a more prudent view" for Europe due to energy and consumer sentiment pressures, though the company forecasts annual revenue growth centered around 4% to 5%.
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These Analysts Increase Their Forecasts On Ralph Lauren After Upbeat Q4 Results - Ralph Lauren (NYSE:RL)
Ralph Lauren Corporation (NYSE:RL) on Thursday posted stronger-than-expected fourth-quarter results. Adjusted earnings per share of $2.80 beat the analyst consensus estimate of $2.54. Quarterly sales of $1.98 billion outpaced the Street view of $1.85 billion. For fiscal 2027, Ralph Lauren expects revenue to grow at a mid-single-digit rate in constant currency on a comparable 52-week basis, with projected growth centered around 4% to 5%. For the …
·New York, United States
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Fashion brand Ralph Lauren sold more clothing last fiscal year, despite higher prices. In its annual update, the company reports both higher profit and revenue than a year earlier.
·Apeldoorn, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources17
Leaning Left3Leaning Right4Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 23%
C 46%
R 31%
Factuality
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