Clothing retailer Ralph Lauren (RL) has reported fiscal fourth-quarter financial results that surpassed Wall Street estimates.
The New York-based company known for its Polo shirts announced earnings per share (EPS) of $2.03 U.S., which was ahead of the $2 U.S. consensus expectation of analysts.
The upscale clothing designer said that its revenue in the period totaled $1.70 billion U.S., which was ahead of the $1.63 billion U.S. forecast on Wall Street.
Management attributed the strong results to resilient demand for its classic Polo shirts and spring wear.
Additionally, the company’s efforts to attract younger and less price-sensitive consumers are starting to payoff, said management.
Despite the strong print, Ralph Lauren forecast full-year revenue below Wall Street estimates, citing uncertainty from U.S. import tariffs.
The company manufactures much of its clothing overseas, notably in Asian countries such as China and Vietnam that are subject to steep import duties.
Looking ahead, management at Ralph Lauren said they expect fiscal 2026 revenue to increase in the low-single digits from last year.
Analysts had estimated a rise of 4.39% in the company’s sales this fiscal year.
The stock of Ralph Lauren has risen 18% this year to trade at $273.88 U.S. per share.
