Ralph Lauren Corp. has increased its annual revenue outlook, expecting a growth rate of 3% to 4%, which is higher than what analysts and the company itself had previously predicted (2% to 3%), excluding currency fluctuations.

The company attributes this positive outlook to strong sales in Europe and Asia, as well as optimistic expectations for the upcoming holiday shopping season.

This revision comes at a time when the luxury market is experiencing a slowdown, highlighting Ralph Lauren's ability to navigate challenging economic conditions. The company's strong sales performance in key international markets positions it well for the critical retail period ahead.