RL: Ralph Lauren Stock Back in Fashion as Luxury Brand’s Revenue Soars 11%

Luxury apparel maker’s shares took off after earnings impressed investors as much as the brand’s Polo-branded clothing.

🛍️ Ralph Lauren Shares Shine

• Ralph Lauren stock RL soared 14% Thursday and closed the day just under the 10% mark after the company posted better-than-expected earnings data. For its fiscal third quarter, Ralph Lauren’s adjusted earnings landed at $4.82 a share, topping consensus calls for $4.53 a pop.
• Revenue rose 11% from the year-earlier quarter to $2.1 billion, surpassing the $2 billion eyeballed by analysts. The share-price jump lifted the stock to a new record high.

👔 Luxury Maker Lifts Guidance

• The good news for the company’s US business — Ralph Lauren’s wholesale revenue from North America ticked above the flatline for the first time after six consecutive quarters of declines. It climbed 6% from a year ago while total North American revenue jumped 7% for the three months ending December.
• All that upbeat performance prompted the company to raise its revenue forecast for 2025 to between 6% and 7%, up from between 3% and 4%.