RL reported $1.978 billion in quarterly revenue, beating estimates as high-end consumers continue spending despite economic pressures.
Ralph Lauren posted a 17% year-over-year sales increase to $1.978 billion in its March-ended quarter, exceeding analyst expectations. Currency-adjusted growth reached 12%, while comparable sales jumped 17%, outpacing forecasts.
The results align with broader trends among luxury retailers, where affluent consumers have shown resilience amid inflation. Williams-Sonoma also reported stronger-than-expected earnings, reinforcing the sector’s momentum.
RL shares surged in premarket trading, contributing to a mixed session for the Dow Jones index, which edged lower amid broader market volatility.