Ralph Lauren rises after raising annual revenue forecast
ReutersAug 7, 2025 12:20 PM
** Shares of Ralph Lauren RL.N up about 3% at $312.59 premarket
** RL raises annual revenue forecast driven by robust demand for its Polo shirts and cable-knit sweaters
**Co expects fiscal 2026 revenue to rise low-to mid-single digits from last year, compared with its prior target of a low-single digits increase
** Also reports Q1 adj earnings per share of $3.77 vs. analysts estimates of $3.50, according to data compiled by LSEG
** As of last close, stock up 31% YTD
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