Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion
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[WASHINGTON] Ralph Lauren surpassed quarterly revenue estimates on Thursday (May 22), helped by resilient demand for its classic Polo shirts and spring dresses, sending its shares up 3 per cent 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.
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 cent, per data compiled by LSEG.
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion. REUTERS
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