BUZZ-Ralph Lauren jumps to all-time high after annual revenue forecast raise

Updates

Shares of Ralph Lauren RL.N up as much as 16.2% to a record high of $289.33

Company raises annual revenue forecast on strong demand for its apparel collection

Sees 2025 revenue increase between 6% and 7%, vs prior forecast of a 3% to 4% rise

Q3 sales of $2.14 billion beat estimates of $2.01 billion and adjusted EPS of $4.82 also ahead of estimates at $4.49, according to data compiled by LSEG

*RL has the right strategies in place to deliver topline growth off a stronger foundation with expanding margins and continued reinvestment in co's long-term health - analyst Dana Telsey, Telsey Advisory Group

RL rose ~60% in 2024