Ralph Lauren beats quarterly revenue estimates
(Reuters) – Ralph Lauren Corp (RL.N) inched past holiday-quarter revenue estimates on Tuesday, helped by demand for its winterwear in Europe and North America.
Net revenue rose to $1.75 billion from $1.73 billion in the third-quarter ended Dec. 28, beating analysts’ average estimate of $1.72 billion, according to IBES data from Refinitiv.
Ralph Lauren said it continued to expect fiscal 2020 revenue, excluding fluctuations in foreign exchange, to rise 2% to 3%, but that did not include the potential impact from the outbreak of a new coronavirus.
Reporting by Uday Sampath in Bengaluru; Editing by Saumyadeb Chakrabarty
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