Ralph Lauren Shares Jump as Quarterly Profit Beats Expectations

Ralph Lauren Shares Jump as Quarterly Profit Beats Expectations

NEW YORK, United States — Ralph Lauren Corp. reported quarterly profit that beat expectations as the preppy apparel maker made strides in the important Asian market.

Profit was $1.77 a share when excluding some items, beating even the highest analyst estimate. And while the 2 percent gain in global same-store sales, a key retail metric, was less than the average estimate compiled by Consensus Metrix, the measure was better than expected in Asia.

source://www.businessoffashion.com

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