Pursuits
Polo Ralph Lauren Boosts Sales Forecast for the Year
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Polo Ralph Lauren Corp., the New York-based seller of the namesake brand clothing, raised its sales projection for the year as customers snapped up footwear and apparel.
Sales will increase at “a low double-digit” rate, the company said today in a statement. In August, the company projected a “mid-to-high single-digit” rate. Net income in the quarter ended Oct. 2 climbed 16 percent to $205.2 million, or $2.09 a share, from $177.5 million, or $1.75, a year earlier.