Ralph Lauren quarterly revenue rises about 3%

Ralph Lauren quarterly revenue rises about 3%
FILE PHOTO: A man walks past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City, U.S., April 4, 2017. REUTERS/Brendan McDermid/File Photo   -  Copyright  Brendan McDermid(Reuters)
By Reuters

(Reuters) – Ralph Lauren Corp <RL.N> on Tuesday reported about 3% rise in first-quarter revenue, as a marketing boost from social-media and new launches helped attract millennial shoppers across the globe.

Net income rose to $117.1 million, or $1.47 per share, in the quarter ended June 29, from $109 million, or $1.31 per share a year earlier

Net revenue rose to $1.43 billion from $1.39 billion.

Analysts were projecting revenue of $1.42 billion, according to IBES data from Refinitiv.

(Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)

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