The situation: After Ralph Lauren and Coach parent Tapestry reaped the rewards of their efforts to boost their brand cache throughout the holiday season, both companies expect the good times to continue.
- Ralph Lauren’s sales rose 11% in FYQ3. It now expects full-year constant currency revenues to rise 6% to 7%, up from its previous forecast of 3% to 4%.
- Tapestry’s sales increased 5%, including an 11% jump in Coach’s revenues. It raised its full-year constant currency revenue growth forecast to about 3%, up from its prior 1% to 2% range.