Ralph Lauren Corp. shares fell after its quarterly report raised concerns that strategic investments and a sales miss in Europe could slow the high-end apparel company’s momentum.
Same-store sales in Europe for the fiscal third quarter were flat, missing the average of analyst estimates compiled by Bloomberg, and after rising 17% last year.
The shares fell 6.4% at 11:30 a.m. on Thursday. The stock rose 53% last year, its third consecutive annual gain, outpacing the advance of the S&P 500 Index.
Ralph Lauren has said that its core consumers are resilient, despite tariffs and an economic slowdown. The company has ...
