| Metric | Value ($ M) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 2.2K | 11.9% | 9.1% |
| Total Income | 2.2K | 11.9% | 9.1% |
| Expenditure | 1.8K | 13.1% | 3.7% |
| PBT | 369.20 | 7.9% | 52.1% |
| Net Profit | 296.60 | 13.1% | 42.9% |
| OPM | 16.58% | 0.89pp | 4.36pp |
| NPM | 13.52% | 0.14pp | 3.20pp |
| EPS | 4.94 | 13.3% | 45.7% |
Ralph Lauren Reports Q2 FY27 Results Ahead of Expectations and Raises Outlook
05 Nov 2026 · 3h ago
Summary
Ralph Lauren Corporation reported strong second quarter Fiscal 2027 results, with revenue increasing 9% to $2.2 billion on a reported basis and 10% in constant currency, exceeding expectations. Both adjusted gross and operating margins expanded, driven by strong full-price demand and expense discipline. The company raised its full-year Fiscal 2027 outlook for constant currency revenue and adjusted operating margin expansion, reflecting better-than-expected performance in the first half of the fiscal year.
Key Highlights
- 1
Second Quarter Revenue Increased 9% on a Reported Basis and 10% in Constant Currency, Exceeding Expectations, with Every Region Contributing to Growth led by Asia.
- 2
Global Direct-to-Consumer Comparable Store Sales Increased 10%, with Balanced Growth Across Digital and Brick-and-Mortar Channels with 9% Average Unit Retail ("AUR") Growth.
- 3
Adjusted Gross and Operating Margin Expansion Exceeded Our Outlook, Driven by Strong Full-Price Demand and Expense Discipline, More Than Offsetting Continued Investments in Marketing and Long-Term Growth Initiatives.
- 4
Raised Full Year Fiscal 2027 Constant Currency Revenue and Adjusted Operating Margin Expansion Outlook, Reflecting Stronger Than Expected First Half Fiscal Year Performance.
- 5
Net revenues for the second quarter of Fiscal 2027 increased 9% to $2.2 billion on a reported basis and were up 10% in constant currency.
- 6
Asia revenue in the second quarter increased 28% to $571 million on a reported basis, with comparable store sales in Asia increasing 24%.
- 7
Net income in the second quarter of Fiscal 2027 was $297 million, or $4.87 per diluted share on a reported basis, up 47% to prior year.
Management Comments
Ralph Lauren
As we enter the Holiday season, I'm reminded of what has always inspired me — the beauty of the world around us, the warmth of family and the optimism and sense of possibility that have guided us for nearly 60 years. These values are deeply personal to me and remain at the heart of our Company and everything we create.
Patrice Louvet
We delivered strong second quarter performance, enabling us to raise our Fiscal 2027 outlook once again. Through a dynamic global operating environment, we continue to invest in the strategic priorities that are bringing our Next Great Chapter: Drive plan to life — strengthening our brand desirability and delighting multi-generational customers in every geography around the world to drive sustainable long-term growth and value creation. We remain confident in the strength of our brand, our teams and our diversified engines of growth through this fiscal year and beyond.
Informational and educational content only. Not investment advice.