Ralph Lauren falls after CEO flags economic uncertainties

Ralph Lauren

07/08/2025 15:17

Updates

** Shares of Ralph Lauren RL.N down 7% at $281.87 in early trade

** CEO Patrice Louvet says co remains cautious about the global operating environment in the back half of the fiscal year, citing "less visibility" on macroeconomic conditions

** However, RL raises annual revenue forecast after Q1 results beat, driven by robust demand for its Polo shirts and cable-knit sweaters

** Co expects fiscal 2026 revenue to rise low-to mid-single digits from last year, compared with its prior target of a low-single digit increase

** As of last close, stock up 31% YTD

 (Reporting by Anshi Sancheti and Neil J Kanatt in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))