Why Ralph Lauren Corporation Shares Jumped Last Month

Shares of Ralph Lauren Corporation (NYSE: RL) were climbing last month after the preppy clothier delivered surprise earnings growth in its first-quarter report. According to data from S&P Global Market Intelligence, the stock finished the month up 16%.

Image source: Ralph Lauren.

As the chart below shows, shares spiked 13% on Aug. 8 as the company beat estimates in its earnings report and showed progress in its turnaround efforts.

Source: Fool.com