Ralph Lauren shares rose about 10% in Thursday morning trading after the apparel company reported quarterly revenue of USD 1.98 billion, beating analysts’ estimate of USD 1.85 billion.
Chief Executive Officer Patrice Louvet said Asia-led revenue growth, with China delivering “exceptionally strong” results during the Lunar New Year. He told analysts that sales in China rose more than 50%.
The stock move put Ralph Lauren on track for its largest one-day gain since April 2025. Investors have been watching luxury demand in China amid consumer pressure and slower spending, which are weighing on parts of the sector.
The company forecast mid-single-digit revenue growth for the current fiscal year. It also warned of pressure from the Middle East conflict and higher energy prices.
Ralph Lauren, founded by designer Ralph Lauren in 1967, has outperformed parts of the luxury market after a turnaround plan launched about a decade ago. Analysts said the brand has gained from younger shoppers while keeping a multi-generational customer base.
Morningstar analyst David Swartz said Ralph Lauren benefited from having more room to grow in Asia and Europe than other luxury apparel firms. Analysts also pointed to its range of price points, including USD 118 polo shirts and USD 498 leather bags, as a factor supporting demand.
