Ralph Lauren upgrades outlook amid luxury resilience
Ralph Lauren raised its full-year revenue forecast on November 6, driven by stronger-than-expected demand for high-end Polo shirts and cable knit sweaters. The company expects constant currency revenue growth of 5% to 7%, upgrading the previous “low- to mid-single-digit” projection. Quarterly revenue reached $2.01 billion, surpassing analyst estimates of $1.89 billion. North America rose 13%, China grew over 30%, and Europe increased 22%. Recent celebrity exposure, thanks to Taylor Swift and Selena Gomez, amplified brand visibility.