Ralph Lauren Surpasses Q3 Earnings Expectations, Shares Soar

Boosted by strong holiday sales and a rebound in China, Ralph Lauren's Q3 results exceed forecasts, with significant growth in direct-to-consumer and Asian markets.

Ralph Lauren's third-quarter revenue rose to $1.93 billion, surpassing expectations with a 6% increase.
Adjusted earnings per share reached $4.17, beating analyst projections and marking the 14th consecutive quarter of profit surpassing expectations.
The company's strong performance was driven by robust holiday demand in the U.S. and a significant rebound in luxury demand in China.
Ralph Lauren added 1.7 million new direct-to-consumer customers, attracting higher-value, younger consumers.
For fiscal 2024, Ralph Lauren expects low-single-digit revenue growth and an operating margin expansion of 30 to 50 basis points.