July 30, 2019 / 12:10 PM / 2 months ago

Ralph Lauren quarterly revenue rises about 3%

July 30 (Reuters) - Ralph Lauren Corp on Tuesday reported about 3% rise in first-quarter revenue, as a marketing boost from social-media and new launches helped attract millennial shoppers across the globe.

Net income rose to $117.1 million, or $1.47 per share, in the quarter ended June 29, from $109 million, or $1.31 per share a year earlier

Net revenue rose to $1.43 billion from $1.39 billion.

Analysts were projecting revenue of $1.42 billion, according to IBES data from Refinitiv. (Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)

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