Photo: Vogue India
Ralph Lauren Beats Revenue Estimates On Luxury Rebound, Shares Rise
American luxury fashion brand Ralph Lauren raised its share to 10% in the first quarter of the year 2021 after the Covid-19 restrictions were lifted and its demand rose in China and the United States. According to Refinitiv IBES data, Ralph Lauren Corporation's net revenue surged nearly three times to $1.38 billion until June 2021. The company said it expects fiscal 2022 revenue to rise 25% to 30% on a 53-week reported basis.
Tags: Luxury Life, Ralph Lauren, Luxury Brand, Revenue Gain
Courtesy: Business of Fashion
Photo: Fibre2Fashion
Capri Expects To Stand At $5.3 Billion At Year End
For a second time in a year, the multinational fashion company, Capri Holdings Ltd has upraised their annual revenue forecast as shoppers consumed a lot of their costumes and bags. After defeating Wall Street estimates for the first-quarter revenue, Capri stands at a profit of 1.9% in premarket trading. The company expects total revenue of $5.3 billion at the end of the year.
Tags: revenue, Luxury Life, capri, costumes, Bags
Courtesy: The Business of Fashion
