NYSE:RLLuxury
Why Ralph Lauren (RL) Is Up 10.7% After Beating Estimates And Gaining Momentum In China
Ralph Lauren recently reported past-quarter revenues of US$2.41 billion, up 12.2% year on year and ahead of analyst expectations, with adjusted operating income also beating forecasts on broad-based strength across regions and consumer segments.
At the same time, a Barclays report placed Ralph Lauren among the top brands for momentum in China, underscoring its strong positioning in a market where growth is becoming more selective and maturity is increasing.
We’ll now explore how Ralph...