Tuesday, February 5, 2019

Ralph Lauren Q3 income, sales beat Street on strong holiday sales

Chain Store Age
Ralph Lauren Corp. turned in a strong quarterly performance fueled by a big marketing push and an online surge.

Revenue rose 5.1% to $1.73 billion. North American sales rose 3%, with a 4% increase in same-store sales. North America wholesale revenue was down 3% as the company continues to cut back on sales to the off-price wholesale channel.

Online sales surged 20% in the quarter, with strength across all regions. . . . more