Ralph Lauren Soars As Q2 Results Outpace Expectations—CEO Eyes Holiday Season With Raised Revenue Goals

Ralph Lauren Corporation (NYSE:RL) shares surged after the company reported better-than-expected second-quarter results.

Quarterly adjusted earnings per share of $2.54, topped the consensus of $2.41. Quarterly revenues of $1.726 billion beat the street view of $1.677 billion.

Revenue grew 6% YoY on a reported basis and rose 6% in constant currency. Foreign currency contributed 10 basis points to revenue growth in the quarter.

North America’s revenue grew 3% YoY to $739 million, with strong brick-and-mortar sales offsetting digital declines. Europe’s revenue rose 7% YoY to $566 million, led by 15% retail growth, surpassing its expectations.

Asia revenue increased 9% YoY to $380 million, driven by 11% YoY growth in comparable store sales, especially in digital commerce.

Global direct-to-consumer comparable store sales increased by 10%, fueled ...