Investing.com -- Ralph Lauren Corp (NYSE:RL) posted third-quarter earnings above Wall Street estimates on Thursday, as affluent consumers continued to spend on high-end apparel. Shares jumped more than 8% before the opening bell.
The luxury fashion house reported earnings per share of $4.66 on a reported basis, up 11% from $4.19 a year earlier. Analysts had expected earnings of $4.50 per share.
Revenue rose to $2.1 billion, surpassing estimates of $2.01 billion. For 2025 Ralph Lauren expects revenue to rise from 6% to 7%, compared with its prior forecast of an increase between 3% and 4%.
Operating margin for the quarter stood at 18.2%, while gross margin expanded to 68.4%, helped by disciplined pricing and cost management.
The company reaffirmed its full-year capital expenditure outlook of $200 million to $250 million.
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