Ralph Lauren Corp. $(RL)$ shares are up 11.7% in premarket trading after the iconic clothing company's fiscal third-quarter results topped Wall Street's profit and sales estimates. The company reported better-than-expected holiday performance and raised guidance.
The company's adjusted fourth-quarter profit of $4.82 a share beat the FactSet consensus estimate of $4.53 a share. Revenue rose to $2.144 billion from $1.934 billion to beat the analyst revenue estimate of $2.014 billion.
Ralph Lauren also raised its full-year fiscal 2025 revenue guidance and now expects constant currency revenues to increase in a range of approximately 6% to 7%, up from its prior guidance of a 3% to 4% increase.
(This is a developing news story with updates to come.)
-James Rogers
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February 06, 2025 08:33 ET (13:33 GMT)
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