Ralph Lauren beats sales estimates as demand holds up
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Ralph Lauren (RL) rises after topping analyst consensus estimates
November 10, 2022 3:51 PM ESTIn another demonstration that high-end fashion demand has yet to be dented by inflation, Ralph Lauren (NYSE: RL) reported earnings before the open, with profit and revenue topping consensus estimates.
The fashion brand reported fiscal second-quarter earnings of $2.23 per share, $0.16 better than the analyst estimate of $2.07, while revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.56 billion.
Ralph Lauren shares have rallied over 5% during Thursday's... More
