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Ralph Lauren Beats Sales Estimates as Demand Holds Up

The exterior of a Ralph Lauren store with the logo over the doorway.
Ralph Lauren Corp on Thursday topped market estimates for quarterly revenue. (Shutterstock)

Ralph Lauren Corp on Thursday topped market estimates for quarterly revenue, as wealthier shoppers unaffected by inflation splurged on the company’s high-end clothing and footwear.

Net revenue rose to $1.58 billion for the second quarter, from $1.50 billion a year earlier, compared to analysts’ forecast of $1.56 billion according to Refinitiv IBES data.

By Deborah Sophia and Uday Sampath; Editor: Milla Nissi

Learn more:

Ralph Lauren Has Restored Its Best-in-Class Reputation

In an exclusive sit down with BoF, CEO Patrice Louvet explains how the company brought the luster back to the original lifestyle brand — and what it must do in order to directly compete against the European heavyweights.

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State of Fashion 2023
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State of Fashion 2023