While reporting its financial results for the second quarter on Thursday, luxury fashion house Ralph Lauren Corp. (RL) said it expects revenue growth for the third quarter in about mid-single digits from last year on a constant currency basis.
Looking ahead to fiscal 2026, the company now projects revenues to increase 5 to 6 percent from last year on a constant currency basis, up from the prior forecast for growth in the low to mid-single digits.
On average, analysts polled expect net sales growth of 3.93 percent to $2.23 billion for the quarter and net sales growth of 7.25 percent to $7.59 billion for the year.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.