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Ralph Lauren Beats Sales Estimates as Demand Holds Up

The exterior of a Ralph Lauren store with the logo over the doorway.
Ralph Lauren Corp on Thursday topped market estimates for quarterly revenue. (Shutterstock)
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Ralph Lauren Corp on Thursday topped market estimates for quarterly revenue, as wealthier shoppers unaffected by inflation splurged on the company’s high-end clothing and footwear.

Net revenue rose to $1.58 billion for the second quarter, from $1.50 billion a year earlier, compared to analysts’ forecast of $1.56 billion according to Refinitiv IBES data.

By Deborah Sophia and Uday Sampath; Editor: Milla Nissi

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