Ralph Lauren exceeded profit expectations for the 14th straight quarter, driven by robust holiday demand in the US and a rebound in China, leading to a nearly 17% increase in its share price. Despite economic uncertainties, affluent American consumers showed a penchant for luxury goods during the holidays, driving up sales both in Ralph Lauren’s own stores and online. A resurgence in luxury demand in China further bolstered its performance, with sales surging by over 30 percent in that market. Third-quarter revenue surpassed expectations, climbing 6 percent to $1.93 billion, while adjusted per-share profit of $4.17 outperformed estimates.