Ralph Lauren’s Cautious Consumer Outlook Overshadows More Growth

Ralph Lauren Corp. reported another quarter of robust growth, but cautioned it wasn’t sure how US consumers would respond to tariffs and price hikes in the second half of the year.

“This quarter’s solid performance and our continued momentum give us confidence to raise our full-year outlook even as we remain cautious on the broader macro economic backdrop, primarily in the second half of the fiscal year,” Ralph Lauren Chief Financial Officer Justin Picicci told analysts during an earnings call.

Shares fell as much as 7.9%, reversing gains in premarket trading. The stock had surged 31% this year through Wednesday’s ...