Business of Fashion Luxury

Ralph Lauren Beats Quarterly Revenue Estimates

NEW YORK, United States — Ralph Lauren reported holiday-quarter revenue on Tuesday that topped Wall Street estimates, as the luxury fashion group’s bigger push on marketing helped it woo more customers.

The company’s revenue rose to $1.73 billion from $1.64 billion, beating analysts’ average estimate of $1.66 billion, according to IBES data from Refinitiv.

The company reported net income of $120 million, or $1.48 per share, in the third quarter ended December 29, compared with a loss of $81.8 million, or $1.00 per share, a year earlier when it incurred charges related to changes in US tax laws.

By Uday Sampath; editor: Saumyadeb Chakrabarty.