Ralph Lauren beats quarterly revenue estimates
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Ralph Lauren (RL) Tumbles Despite Resilient Demand as 'Guidance Pressured'
August 9, 2022 1:22 PM EDTRalph Lauren (NYSE: RL) shares tumbled Tuesday despite posting earnings before the open, topping earnings and revenue estimates as consumer demand for luxury items continues to remain elevated.
Ralph Lauren reported fiscal first-quarter earnings of $1.88, $0.17 better than the analyst estimate of $1.71, with revenue for the quarter coming in at $1.5 billion versus the consensus estimate of $1.4 billion.
Ralph Lauren reiterated its full-year fiscal 2023 outlook,... More
