Latest news with #springDresses
Asharq Al-Awsat
22-05-2025
- Business
- Asharq Al-Awsat
Ralph Lauren Beats Quarterly Revenue Estimates on Resilient Demand
Ralph Lauren surpassed quarterly revenue estimates on Thursday, helped by resilient demand for its classic Polo shirts and spring dresses, sending its shares up 3% in premarket trading. Its efforts to invest in brands including Polo and Purple Label, paired with stylish seasonal drops, have been helping the company win over younger and less price-sensitive shoppers. However, it forecast annual revenue below estimates owing to pressures from uncertainty around US tariffs, Reuters reported. Ralph Lauren is among the retailers and luxury brands facing the brunt of unpredictable US tariff shifts that have disrupted businesses and rattled shoppers worldwide. The company expects fiscal 2026 revenue to increase in the low-single digits from last year, while analysts estimated a rise of 4.39%, per data compiled by LSEG. It posted quarterly revenue of $1.70 billion, compared with estimates of $1.65 billion.
Reuters
22-05-2025
- Business
- Reuters
Ralph Lauren beats quarterly revenue estimates on resilient demand
May 22 (Reuters) - Ralph Lauren (RL.N), opens new tab surpassed quarterly revenue estimates on Thursday, helped by resilient demand for its classic Polo shirts and spring dresses, sending its shares up 3% in premarket trading. Its efforts to invest in brands including Polo and Purple Label, paired with stylish seasonal drops, have been helping the company win over younger and less price-sensitive shoppers. However, it forecast annual revenue below estimates owing to pressures from uncertainty around U.S. tariffs. Ralph Lauren is among the retailers and luxury brands facing the brunt of unpredictable U.S. tariff shifts that have disrupted businesses and rattled shoppers worldwide. The company expects fiscal 2026 revenue to increase in the low-single digits from last year, while analysts estimated a rise of 4.39%, per data compiled by LSEG. It posted quarterly revenue of $1.70 billion, compared with estimates of $1.65 billion.
