Ralph Lauren Reiterates FY24 Revenue Growth Outlook - Update

(RTTNews) - While reporting its financial results for the third quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenue growth to be in a range centered around 2 percent in constant currency to last year.

For fiscal 2024, the company also continues to expect revenues to increase approximately low-single digits to last year on a constant currency basis, now centering around 2 percent, compared to 1 to 2 percent previously.

On average, analysts polled by Thomson Reuters expect net sales growth of 1.10 percent to $1.56 billion for the quarter and net sales growth of 1.90 percent to $6.56 billion for the year.

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