Nov 6 Ralph Lauren Corp on Wednesday
raised its full-year sales forecast on the expectation of strong
gains during the holiday quarter, and raised its dividend.
The company said net revenue, including licensing revenue,
rose 2.8 percent to $1.915 billion in the second quarter ended
Sept. 28, and was in line with Wall Street projections.
As a result, Ralph Lauren now expect full-year revenue to
rise between 5 percent and 7 percent, versus an earlier range of
4 percent to 7 percent. The company forecast revenue to be up
between 8 percent and 10 percent this quarter.
Ralph Lauren raised its annual dividend 12.5 percent to
$1.80 per share.