Ralph Lauren beats quarterly revenue estimates

  • 8/3/2021
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Aug 3 (Reuters) - Ralph Lauren Corp reported quarterly revenue on Tuesday that beat analysts’ estimates, as easing COVID-19 restrictions spurred a rebound in demand for its high-end apparel. The retailer’s net revenue rose 182% to $1.38 billion in the first quarter ended June 26 from a year earlier, when coronavirus-related store closures across the globe hammered its business. Analysts had expected revenue of $1.22 billion, according to Refinitiv IBES data. (Reporting by Uday Sampath in Bengaluru; Editing by Aditya Soni and Shounak Dasgupta) Our Standards: The Thomson Reuters Trust Principles.

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