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Ralph Lauren posts rise in quarterly revenue

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Ralph Lauren posts rise in quarterly revenue

Aug 7, 2024 5:31 AM

Aug 7 (Reuters) - Ralph Lauren Corp ( RL ) posted a rise

in quarterly revenue on Wednesday, benefiting from steady demand

for its pricey denims and polo shirts in Europe and Asia.

The luxury apparel retailer's net revenue rose 1% to $1.51

billion in the first quarter. Analysts on average had expected a

decline of 0.46%, according to LSEG data.

(Reporting by Savyata Mishra in Bengaluru; Editing by Devika

Syamnath)

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