Ralph Lauren falls after CEO flags economic uncertainties
ReutersAug 7, 2025 2:17 PM
Shares of Ralph Lauren RL.N down 7% at $281.87 in early trade
CEO Patrice Louvet says co remains cautious about the global operating environment in the back half of the fiscal year, citing "less visibility" on macroeconomic conditions
However, RL raises annual revenue forecast after Q1 results beat, 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 digit increase
As of last close, stock up 31% YTD
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