- Advertisement -
Ralph Lauren Corp. raised its outlook for the year, citing strong sales in Europe and Asia and expectations for a solid holiday shopping season.
The apparel retailer is forecasting annual revenue to increase between 3 percent to 4 percent. That’s above analysts’ estimates and the company’s previous forecast of an increase between 2 percent to 3 percent, excluding currency fluctuations.
The company’s shares rose as much as 7 percent in premarket trading on the better-than-expected…
