Ralph Lauren shares jump as strong sales help drive growth
Key takeaways
- Sales in Asia led the revenue growth with “exceptionally strong” results in China during the Lunar New Year, CEO Patrice Louvet said in a call with analysts, pointing to more than 50% sales growth in the country.
- The jump in shares put Ralph Lauren’s stock on track for its largest daily increase since April 2025.
- The nearly 60-year-old American label reported quarterly revenue of $1.98 billion, above analysts’ estimate of $1.85 billion.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Ralph Lauren shares surged about 10% in morning trading on Thursday after the high-end apparel brand beat quarterly revenue estimates, buoyed by strong sales in China as affluent shoppers continued to buy Polo shirts and cable-knit jumpers.
Sales in Asia led the revenue growth with “exceptionally strong” results in China during the Lunar New Year, CEO Patrice Louvet said in a call with analysts, pointing to more than 50% sales growth in the country. Wall Street investors are focused on how luxury brands are performing in the Chinese market, where consumers have shown signs of strain in recent months and luxury spending has faltered.
The jump in shares put Ralph Lauren’s stock on track for its largest daily increase since April 2025.