After Beating Earnings, Will Ralph Lauren Maintain Its Momentum?
Ralph Lauren's (NYSE: RL) third-quarter earnings report came in ahead of consensus analyst estimates. Investors rewarded the strong comparable-store sales results, helped by the company's branding efforts, and shares jumped over 9% following the release.
Management also affirmed its outlook for fiscal year 2020, though the company chose not to include any potential impact from the coronavirus outbreak, which is affecting businesses all over China.
Image source: Ralph Lauren.
Source Fool.com
