Why Ralph Lauren Stock Soared Today
Ralph Lauren(RL) The Motley Fool·2024-02-09 00:25Shares of Ralph Lauren (RL 16.79%) rose 16.8% on Thursday after the fashion and apparel company announced strong quarterly results.Ralph Lauren had a fantastic holiday seasonFor its fiscal third-quarter 2024 (ended Dec. 30, 2023), Ralph Lauren's quarterly revenue grew 6% year over year (5% at constant currency) to $1.934 billion. That translated to a 24% increase in adjusted (non-GAAP, or generally accepted accounting principles) net income to $275 million, or $4.17 per share. Analysts, on average, were onl ...