Ralph Lauren forecasts annual revenue below estimates
ReutersMay 22, 2025 12:03 PM
May 22 (Reuters) - Ralph Lauren RL.N forecast annual revenue largely below estimates on Thursday, as the global trade war fuels a broad retail slowdown with cautious consumers cutting back on expensive purchases.
Ralph Lauren is among the retailers and luxury brands facing the brunt of unpredictable U.S. tariff shifts that have disrupted businesses and rattled shoppers worldwide.
The company expects fiscal 2026 revenue to increase about low-single digits to last year, analysts' estimated a rise of 4.39% rise, per data compiled by LSEG.
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