Ralph Lauren earnings beat estimates on North America demand

) reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts.

Ralph Lauren, like other apparel and handbag retailers, is trying to revive growth after years of heavy discounting and a strategy of flooding the market with its lower-end goods. Those efforts helped the company’s sales in North America rise 3.1% to $719.4. In Europe and Asia, where Ralph Lauren is seen as a more premium brand, sales rose 1.5% and 4.3% respectively.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Beyond Meat shares tank ahead of earnings even though traders are expecting a beatBeyond Meat Inc. shares fell sharply Monday, ahead of the company's second-quarter earnings expected after the bell, even though hopes for the plant-based... Shorting the motherfucker Rock_Rogers Meat schlapt with a big round steak
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »