(Reuters) - Ralph Lauren Corp's (N:RL) quarterly revenue on Thursday edged past Wall Street estimates, as it sold more full-price apparel and saw higher demand in the United Kingdom.
The New York-based company's net income rose to $143.8 million or $1.75 per share in the second quarter ended Sept. 30, from $45.7 million or 55 cents per share, a year earlier.
Revenue fell 9 percent to $1.67 billion, hurt in part by its decision to pull back from department stores and factory outlets. Analysts on average had expected $1.65 billion, according to Thomson Reuters I/B/E/S.