Ralph Lauren's stock soared 13.98% during intraday trading on Thursday, marking a significant upward movement.

The surge follows the company's release of its fiscal fourth-quarter results, which exceeded analyst expectations for both earnings and revenue. Ralph Lauren reported adjusted earnings per share of $2.80, beating estimates of $2.55, while revenue climbed 17% to $1.98 billion, surpassing the expected $1.85 billion.

The strong performance was driven by robust growth in Asia, particularly in China, where sales accelerated significantly during the Lunar New Year period. The company also reported a 17% increase in global direct-to-consumer comparable sales and announced a 10% increase to its quarterly dividend. Additionally, Ralph Lauren provided solid guidance for fiscal 2027, projecting mid-single-digit revenue growth.