| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 2.0K | 14.0% |
| Total Income | 2.0K | 14.0% |
| Expenditure | 1.6K | 11.9% |
| PBT | 342.20 | 23.1% |
| Net Profit | 262.20 | 19.0% |
| OPM | 17.47% | 1.56pp |
| NPM | 13.38% | 0.56pp |
| EPS | 4.36 | 20.4% |
Ralph Lauren Reports Better Than Expected Q1 FY27 Results and Updates Outlook
06 Aug 2026 · 6 Aug, 5:43 pm
Summary
Ralph Lauren Corporation reported better-than-expected results for the first quarter of Fiscal 2027, with revenue up 14% year-over-year to $2.0 billion. The company saw strong performance across geographies and channels, with direct-to-consumer comparable store sales increasing low-double-digits and AUR growing 15%. Adjusted gross and operating margins expanded, exceeding the company's outlook due to strong full-price demand and expense discipline. Management raised the full-year outlook for both constant currency revenue and adjusted operating margin expansion, citing the strong start to the year.
Key Highlights
- 1
First Quarter Fiscal 2027 revenue increased 14% on a reported basis and 13% in constant currency, exceeding expectations.
- 2
Global Direct-to-Consumer Comparable Store Sales increased low-double-digits, driven by both digital and brick-and-mortar channels with a 15% AUR growth.
- 3
Adjusted Gross and Operating Margin Expansion exceeded outlook, supported by strong full-price demand and expense discipline.
- 4
The Company maintained a healthy balance sheet with $1.9 billion in cash and short-term investments.
- 5
More than $300 million was returned to shareholders through dividends and stock repurchases in the first quarter.
- 6
The full year Fiscal 2027 constant currency revenue outlook was raised to approximately 5% to 6% growth.
- 7
The full year Fiscal 2027 adjusted operating margin outlook was raised to approximately 60 to 80 basis points expansion in constant currency.
Management Comments
Ralph Lauren
As we celebrate America's 250th anniversary and look ahead to important milestones for our Company over the coming year, I'm reminded of what has inspired us for nearly 60 years — optimism and aspiration, authenticity and the belief that we all can step into our dreams. These are the values that our teams around the world embrace every day, that will endure as we continue to grow and evolve.
Patrice Louvet
We are off to a strong start in the second year of our Next Great Chapter: Drive plan, with broad-based performance across geographies, channels and consumer segments in the first quarter — exceeding our expectations and driving an increase in our full year Fiscal 2027 outlook. Our iconic brand is resonating around the world, and we continue to invest behind the long-term strategic priorities that will drive further sustainable growth and value creation into the future – from recruiting new and younger consumers to strengthening our core and high-potential categories and developing our key city ecosystems in every region.
Informational and educational content only. Not investment advice.