Ralph Lauren Beats Q1 Earnings Estimates, As Its Prices Continue to Increase

Ralph Lauren on Thursday revealed its fiscal first-quarter earnings, reporting increases in net income and revenue that surpassed Wall Street expectations.In the three months ending July 1, the American apparel company's net income reached $132.1 million USD, up 7% from the same period in the year prior. Adjusted earnings per share landed at $2.34 USD, which is 20 cents higher than analysts' expectations of $2.14 USD, per FactSheet.Additionally, Ralph Lauren's first-quarter revenues climbed to $...