Ralph Lauren Corp's stock surged 14.8% in premarket trading on Thursday, February 6, 2025, after the iconic American fashion brand reported better-than-expected fiscal third-quarter results and raised its full-year revenue guidance, fueled by strong demand for its spring collection and continued growth in China.
For the quarter ended December 28, 2024, Ralph Lauren posted adjusted earnings of $4.82 per share, surpassing analysts' consensus estimate of $4.53. Revenue rose 11% year-over-year to $2.14 billion, exceeding Wall Street's expectations of $2.01 billion.
Buoyed by the strong performance, Ralph Lauren raised its fiscal 2025 revenue growth forecast to an increase of 6% to 7% on a constant currency basis, up from its previous guidance of a 3% to 4% rise. The company cited robust demand from younger shoppers for its spring collection, which includes dresses, skinny cuffed trousers, and floral dinner jackets, as well as continued strength in the crucial China market.
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