Ralph Lauren posts third-quarter sales beat

Reuters

02/05

Feb 5 (Reuters) - Ralph Lauren RL.N posted third-quarter sales that topped Wall Street estimates on Thursday, buoyed by a strong holiday season and resilient demand for its polo shirts and leather handbags among affluent shoppers.

The luxury retailer reported a 12% jump in quarterly revenue to $2.41 billion. Analysts on average estimated a 7.9% rise to $2.31 billion, according to data compiled by LSEG.

(Reporting by Savyata Mishra in Bengaluru; Editing by Tasim Zahid)

((Savyata.Mishra@thomsonreuters.com))

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