Ralph Lauren up after co raises annual revenue forecast

Ralph Lauren

06/08/2026 14:56

** Shares of high-end apparel company Ralph Lauren RL.N up ~5% at $400.52
** Co raises fiscal 2027 revenue forecast to around 5% to 6%, compared to prior rise 4% to 5% 
** Beats quarterly revenue and profit estimates, helped by resilient demand from young and affluent shoppers for its high-priced collections
** Reports first-quarter revenue of $1.96 billion, beating estimates of $1.87 billion - data compiled by LSEG
** Posts Q1 adjusted EPS of $4.59 also beating expectations of $4.32
** As of last close, RL up ~8% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))