Ralph Lauren reported a surprise rise in quarterly revenue Thursday, as its high-end sweaters, shirts and outdoor clothing drew more shoppers in the U.S. even as broader luxury spending slowed in the country.
Net revenue rose to $1.50 billion in the first quarter, from $1.49 billion a year earlier. Analysts on average had expected a marginal drop to $1.48 billion, according to Refinitiv data.
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