Nov 5 (Reuters) – Ralph Lauren raised its annual revenue forecast, betting that strong demand from younger shoppers in North America and Asia would help the high-end brand continue to buck the trend of a broader luxury slowdown.
The company now expects fiscal 2027 revenue to rise in the mid to high single digits, centered around 6% to 7%, compared with its prior forecast for growth centered around 5% to 6%.
The company also posted a quarterly revenue rise of 9% to $2.19 billion, above analysts’ estimate of $2.12 billion, according to data compiled by LSEG.
(Reporting by Neil J Kanatt in Bengaluru and Danielle Kaye in New York; Editing by Tasim Zahid)
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