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Jun 28, 2025
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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