Ralph Lauren beats quarterly revenue estimates
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FILE PHOTO: Polo by Ralph Lauren store logo is seen on a shopping center at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016. REUTERS/Grigory Dukor
(Reuters) - Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing and accessories held up amid expectations of some affluent customers reining in spending on luxury goods.
Net revenue rose 1% to $1.83 billion in the third quarter ended Dec. 31, while analysts had expected $1.76 billion, according to Refinitiv IBES data.
(Reporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta)
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