Ralph Lauren in knockout quarter with growth across all regions; raises guidance
"Our teams are executing well on our long-term strategy, injecting energy and excitement behind our storied brand through what continues to be a choppy global operating environment," said Patrice Louvet, president and CEO. "Our strong business performance across every geography this quarter underscores the resilience of our diversified growth drivers and our elevated consumer base, giving us confidence to take up our financial outlook for the full fiscal year ahead of the all-important holiday season."
The company ended the second quarter with $1.7 billion in cash and short-term investments and $1.1 billion in total debt, compared to $1.5 billion and $1.1 billion, respectively, at the end of the second quarter of fiscal 2024.
Ralph Lauren now expects fiscal 2025 revenue to grow 3% to 4% on a constant currency basis, up from previous guidance of 2% to 3%.