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Ralph Lauren raised its annual revenue forecast after beating quarterly estimates on Thursday due to resilient demand for its high-priced Polo shirts and cotton cable knit sweaters across regions.
Shares of the company surged about 4 percent in early trading.
The affordable luxury apparel maker has seen resilient sales despite raising prices of select products, supported by loyalty of its affluent customer base.
Ralph Lauren’s visibility has been bolstered by celebrities such as Taylor Swift…
