AP News

News Summary: Ralph Lauren's 3Q profit results up


NEW YORK (AP) — THE RESULTS: Ralph Lauren's earnings rose 27 percent to $215.7 million, or $2.31 per share, in the fiscal third quarter, on a 2 percent increase in revenue.

BEHIND THE NUMBERS: Ralph Lauren is seeing continued momentum in spending among its affluent customers in the U.S. and improving trends in Europe.

WHAT'S NEXT: The company is looking for growth in areas like e-commerce, where it's been expanding its business overseas.


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