Ralph Lauren beats quarterly revenue estimates

(Reuters) – Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing and accessories held up amid expectations of some affluent customers reining in spending on luxury goods.

Net revenue rose 1% to $1.83 billion in the third quarter ended Dec. 31, while analysts had expected $1.76 billion, according to Refinitiv IBES data.

(Reporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta)