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.
Related Articles
Ralph Lauren shares jump after Q3 profit beat, rev guide raise
Huntington Ingalls shares tumble after earnings miss
Analysis-Why Trump's repeal of a trade loophole strains low-income and minority Americans
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.