CosmicTaco
CosmicTaco
13mo

Ralph Lauren Shares Surge on Strong Q3 Results

  • Ralph Lauren Corp. shares jumped 11.4% after surpassing Wall Street's profit and sales estimates for Q3, driven by strong holiday performance and raised guidance.
  • The company reported an adjusted EPS of $4.82 and revenue of $2.1 billion, reflecting a 10.8% year-over-year growth and improved operating margin.
  • CEO Patrice Louvet highlighted the resilience of their core consumer amidst volatility, with significant growth in direct-to-consumer operations and digital commerce.

Source: Marketwatch, Fool

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13mo ago
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