🔴 Ralph Lauren is trading 5% down today after its third-quarter revenue forecast missed expectations

Ralph Lauren is trading 5.39% lower at $383.93 after its third-quarter revenue growth outlook of 3%–4% trailed analysts’ 4.2% expectation, with Reuters reporting the outlook sent shares lower.

• Second-quarter revenue and adjusted earnings beat estimates.
• Ralph Lauren raised its full-year outlook after a strong second quarter.