Ralph Lauren posts better-than-expected Q1 revenue

Aug 9 (Reuters) – Ralph Lauren reported better-than-expected sales on Tuesday, benefiting from strong demand in the United States and Europe despite soaring inflation.

In the first quarter of its fiscal year, ended July 2, the American fashion company recorded a turnover of 1.49 billion dollars (1.46 billion euros) against 1.38 billion over the same period. last year.

Analysts had expected revenue of $1.41 billion, according to Refinitiv data.

(Report Ananya Mariam Rajesh; French version Valentine Baldassari, edited by Kate Entringer)