Ralph Lauren Exceeds Q3 Estimates, Raises FY Outlook Amid Strong Sales Growth

Ralph Lauren Corp. reported Q3 earnings that surpassed estimates, with net income rising 21.6% to $361.6 million and adjusted EPS reaching $6.22. Net sales increased 12% to $2.4 billion, and adjusted operating margins rose 220 basis points to 20.9%. The company raised its outlook for the year, but shares fell 4.5% to $338.66 due to high investor expectations.