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Ralph Lauren misses quarterly revenue estimates

Feb 4 (Reuters) - Ralph Lauren Corp missed holiday quarter revenue estimates on Thursday, as store closures in major European markets due to new coronavirus lockdowns hit the high-end apparel maker’s sales.

Net revenue fell to $1.43 billion in the third quarter ended Dec. 26, from $1.75 billion a year earlier, and missed analysts’ average estimate of $1.47 billion, according to IBES data from Refinitiv.

Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila

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