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Jun 28
Ralph Lauren Q1 2026 Earnings Report
Ralph Lauren exceeded expectations in Q1 2026 and raised its full-year outlook
Key Takeaways
Ralph Lauren reported strong Q1 FY2026 results, with 14% revenue growth and a 40% increase in adjusted EPS. Growth was broad-based across geographies, and the company raised its full-year revenue and margin guidance.
Revenue grew 14% year-over-year to $1.72 billion, driven by strong performance in all geographies.
Adjusted EPS rose 40% to $3.77, exceeding analyst expectations.
Asia led regional growth with 21% reported revenue increase; North America and Europe also performed well.
Gross margin expanded to 72.3%, reflecting higher average unit retail and favorable mix.
Ralph Lauren
Ralph Lauren
Ralph Lauren Revenue by Segment
Ralph Lauren Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
Ralph Lauren raised its full-year FY2026 outlook, now expecting low- to mid-single digit constant currency revenue growth and operating margin expansion of 40 to 60 basis points.
Positive Outlook
- Raised full-year constant currency revenue growth guidance.
- Operating margin expected to expand 40 to 60 basis points.
- Second quarter revenues expected to grow high-single digits in constant currency.
- Foreign currency expected to benefit margins modestly.
- Tax rate for FY2026 expected to be favorable at 19-20%.
Challenges Ahead
- Continued caution around macroeconomic and geopolitical conditions.
- Ongoing inflationary pressures may impact cost structure.
- Tariff and supply chain risks remain.
- Lower inventory turns could weigh on free cash flow.
- Digital sales growth outside Asia less robust.
Revenue & Expenses
Visualization of income flow from segment revenue to net income