Ralph Lauren Continues To Expect Revenues To Increase Approximately Low-single Digits To Last Year On A Constant Currency Basis, Now Centering Around 2% Compared To 1% To 2% Previously
Portfolio Pulse from Benzinga Newsdesk
Ralph Lauren has updated its revenue growth expectations, now anticipating an increase of around 2% on a constant currency basis, compared to its previous forecast of 1% to 2% growth compared to last year.
February 08, 2024 | 1:03 pm
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Ralph Lauren has revised its revenue growth expectations upwards to about 2% on a constant currency basis from the previously forecasted range of 1% to 2%.
Ralph Lauren's upward revision of its revenue growth expectations is a positive signal to investors, indicating a potentially stronger financial performance than previously anticipated. This update is likely to be viewed favorably by the market, potentially leading to a short-term increase in RL's stock price as investors adjust their expectations based on the new forecast.
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