Ralph Lauren has reported their holiday-quarter revenue on Tuesday, that topped Wall Street’s estimates. The luxury fashion group’s marketing strategies helped it reel in more customers.
The company’s revenue rose from $1.64 billion to $1.73 billion, exceeding analysts’ estimate of $1.66 billion, according to IBES data from Refinitiv.
According to the company, their net income is $120 million, or $1.48 per share, as of the third quarter which ended on December 29th. This is compared with a loss of $81.8 million, or $1.00 per share, from last year when it incurred charges related to changes in the U.S. tax laws.
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