for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Ralph Lauren beats quarterly revenue estimates

May 20 (Reuters) - Ralph Lauren Corp posted its first revenue beat in four quarters on Thursday, as vaccinations and stimulus checks encouraged more Americans to splurge on its high-end apparel while demand remained strong in China.

Net revenue rose to $1.29 billion in the fourth quarter from $1.27 billion a year earlier. Analysts on average had expected revenue of $1.21 billion, according to Refinitiv IBES data. (Reporting by Mehr Bedi and Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up