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Ralph Lauren Corporation was among the biggest gainers in the S&P 500 as shares surged to a record high on Thursday after the company's third-quarter results came in better than expected.

Ralph Lauren raised its full-year fiscal 2025 revenue guidance to 6%-7% growth, up from the prior 3%-4% range. Operating margin is now expected to expand by 120-160 basis points, slightly above earlier guidance.

Looking ahead, the company said it does not expect to see an impact from U.S. tariffs on goods from China, Mexico and China.

The retailer raised full year guidance, citing European demand and a better performance in its North American wholesale business.

Ralph Lauren Corp. shares are up 11.7% in premarket trading after the iconic clothing company’s fiscal third-quarter results topped Wall Street’s profit and sales estimates. The company reported better-than-expected holiday performance and raised guidance.

Ralph Lauren Corp (NYSE:RL) stock surged Thursday after the company posted third-quarter earnings above Wall Street estimates on Thursday, as affluent consumers continued to spend on high-end apparel.