Ralph Lauren Stock Hits All-Time High on Strong Holiday Sales, Earnings
1. Ralph Lauren's Q3 results exceeded estimates, boosting share prices. 2. Sales rose 11% YoY to $2.14 billion, above analyst expectations. 3. Adjusted net income increased to $307.9 million, surpassing consensus estimates. 4. Projected revenue growth revised upward to 6-7% for FY 2024. 5. Stock price has surged approximately 90% in the past year.