Ralph Lauren raises annual revenue forecast on resilient demand
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Ralph Lauren has raised its annual revenue forecast, anticipating a 5% to 7% increase on a constant currency basis, up from a previous estimate of low- to mid-single-digit growth. This adjustment is attributed to strong demand for its premium products, including Polo shirts and cable knit sweaters, despite economic uncertainties. The company continues to benefit from full-price sales and growing loyalty among affluent customers, aided by selective price increases.
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