| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.0K | 17.0% | 16.5% |
| Total Income | 2.0K | 17.0% | 16.5% |
| Expenditure | 1.8K | 22.1% | 14.1% |
| PBT | 242.80 | 12.7% | 29.1% |
| Net Profit | 207.50 | 5.8% | 40.3% |
| OPM | 12.22% | 3.69pp | 1.86pp |
| NPM | 10.32% | 2.50pp | 1.75pp |
| EPS | 3.39 | 6.3% | 43.6% |
Ralph Lauren Reports Q2 FY2026 Revenue Up 17%, Raises Outlook
04 May 2026 · 4 May, 7:39 am
Summary
Ralph Lauren Corporation reported strong second quarter fiscal 2026 results, with revenue increasing 17% to $2.0 billion. Earnings per diluted share rose 44% to $3.32. The company's global direct-to-consumer comparable store sales grew 13%. Due to the strong first half performance, the company raised its full year fiscal 2026 constant currency revenue and adjusted operating margin expansion outlook. The company ended the quarter with $1.6 billion in cash and short-term investments.
Key Highlights
- 1
Ralph Lauren's second quarter revenue increased 17% to $2.0 billion on a reported basis and 14% in constant currency.
- 2
Global Direct-to-Consumer comparable store sales grew 13%, driven by broad-based performance across regions and channels.
- 3
Adjusted gross and operating margin expansion were both ahead of outlook, supported by strong full-price demand and expense leverage.
- 4
Earnings per diluted share increased 44% to $3.32 on a reported basis.
- 5
The company returned approximately $420 million to shareholders through dividends and repurchase of Class A common stock year-to-date.
- 6
Full year fiscal 2026 constant currency revenue and adjusted operating margin expansion outlook were raised.
- 7
The company maintained a healthy balance sheet with $1.6 billion in cash and short-term investments.
Management Comments
Ralph Lauren
"For more than 58 years, we have inspired authentic, timeless style, reflecting the easy sophistication of a life well-lived," said Ralph Lauren, Executive Chairman and Chief Creative Officer. "From the streets of Tokyo and Paris to the intimacy of our runway show in our New York City design studio, we are inviting more people than ever to step into their dream of a better life."
Patrice Louvet
"We are off to a strong start in the execution of our Next Great Chapter: Drive strategic plan introduced at our Investor Day in September, with second quarter performance outpacing our expectations across geographies, channels and consumer segments," said Patrice Louvet, President and Chief Executive Officer. "Our iconic brand and timeless products continue to resonate with consumers around the world, across generations and cultures, and we are reinforcing our inclusive luxury lifestyle position with disciplined investments to drive sustainable long-term growth and value creation well beyond this fiscal year." Mr. Louvet continued, "As we continue to navigate a highly dynamic global operating environment with agility, we are encouraged by our brand's continued momentum through the start of the important Fall/Holiday season, enabling us to once again raise our Fiscal 2026 outlook."
Informational and educational content only. Not investment advice.