08:37 AM EDT, 08/07/2024 (MT Newswires) -- Ralph Lauren ( RL ) reported fiscal Q1 adjusted net income Wednesday of $2.70 per diluted share, up from $2.34 a year earlier.

Analysts polled by Capital IQ expected $2.47.

Net revenue for the quarter ended June 29 was $1.51 billion, up from $1.50 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.49 billion.

For fiscal Q2, Ralph Lauren ( RL ) said it expects revenue to grow approximately low- to mid-single digits to last year, around 3% to 4%.

For fiscal 2025, the company said it continues to expect revenue to increase roughly low-single digits to last year, about 2% to 3%.

Shares of the company were 4.3% higher in recent Wednesday premarket activity.

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