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.