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Why Ralph Lauren Is Soaring around 15% Today

Sonya Bells
Why Ralph Lauren Is Soaring around 15% Today

Fashion giant Ralph Lauren’s (RL) stock had soared 15% as of 1:20 PM EST, thanks to the expectation-beating fourth-quarter results that the company reported earlier today. The company recorded a foreign currency benefit of ~440 basis points during the quarter and marked its thirteenth consecutive earnings beat. “As we reflect on the year, I am incredibly proud of what the team is doing to elevate and energize our brand around the world,” said Ralph Lauren, executive chairman and CEO.