10-Q · August 7, 2025
Ralph Lauren reported quarterly revenue of $1,719.1 million, up from $1,512.2 million a year ago (+$206.9 million, +13.7%), with gross profit of $1,242.3 million and gross margin expanding to 72.3% from 70.5%. Operating…
Earnings analysis · 10-K
RL earnings analysis
Filed May 21, 2026 · Our reading of the company's report
The latest report
Ralph Lauren Corporation reported strong financial results for Fiscal 2026, with net revenues increasing by 14.6% year-over-year to $8.115 billion, alongside a gross margin improvement to 69.9% and net income rising to…
Read full summary
Ralph Lauren Corporation reported strong financial results for Fiscal 2026, with net revenues increasing by 14.6% year-over-year to $8.115 billion, alongside a gross margin improvement to 69.9% and net income rising to $941.1 million (EPS of $15.11). The company is focusing on operational efficiencies through its Next Generation Transformation project while facing ongoing challenges related to operating expenses and market volatility due to macroeconomic factors.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $15.11
- Segment
- North America
- Segment
- Europe
- Segment
- Asia
What stood out
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Strong Revenue Growth
Net revenues increased by 14.6% year-over-year to $8.115 billion in Fiscal 2026.
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Improved Financial Metrics
Gross margin improved by 130 basis points to 69.9% in Fiscal 2026.
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Increased Net Income
Net income rose 26.7% to $941.1 million, leading to diluted EPS of $15.11.
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Expansion in Asia & E-commerce
Asia segment saw a significant 23.1% revenue increase, with digital commerce up 16%.
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Successful Stock Buybacks
Conducted $500.2 million in share repurchases, maintaining a repurchase program of approximately $1.352 billion remaining.
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Increased Dividends
Quarterly dividend raised from $0.9125 to $1.00 per share, effective for Q1 FY 2027.
What to watch
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Rising Operating Expenses
Operating expenses increased by 13.2% to $4.372 billion, affecting margin expansion.
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Macroeconomic Uncertainty
Economic conditions and geopolitical tensions could lead to reduced consumer spending, impacting sales.
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Inventory Management Pressures
Need to address potential excess inventory due to changes in consumer demand and economic conditions affecting gross margins.
Management's outlook
While not providing numeric guidance in the 10-K, the company expects mid-single-digit revenue growth for Fiscal 2027.
Earlier filings 4
10-K · May 22, 2025
Ralph Lauren's 10-K emphasizes a strategic pivot to a global direct-to-consumer model supported by a multi-year Next Generation Transformation (NGT) technology and process program; the company reported discrete…
10-Q · August 7, 2024
Ralph Lauren reported a modest revenue increase to $1,512.2 million (up $15.7 million vs. $1,496.5 million a year earlier) with expanding margins and higher profitability. Gross profit rose to $1,065.8 million and…
10-K · May 23, 2024
The 10-K reiterates Ralph Lauren's long-term pivot to a global direct-to-consumer model, investments in sustainability and a multi-year Next Generation Transformation (NGT) systems program, and a diversified footprint…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.