Jun 2026 (Q1 FY27) — Aug 6, 2026
Ralph Lauren Q1 FY27 — Strong Start with Raised Full-Year Outlook
Read the full callRalph Lauren (RL) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Ralph Lauren earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,960 | +14.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 17.5 | +1.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 262 | +19.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
26 of 26 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q1 FY27 operating margin expansion (constant currency) | approximately 80 to 120 basis points | Mar 2026 | First quarter adjusted operating margin expanded 150 basis points to 18.5%, ahead of our plan, while operating income grew 23%. | Achieved |
| FY27 AUR growth | continued, more normalized mid-single-digit growth | Mar 2026 | we now anticipate mid- to high single-digit AUR growth for the full year, with contributions from all regions. | Revised Up |
| 3-year marketing spend as % of sales range, Next Great Chapter: Drive plan (FY26-FY28) | 7.5% to 8.5% | Dec 2025 | I think we feel good about the 7.5 to 8.5 3-year guide that we laid out back in September. | On Track |
20 of RALPH LAUREN CORP's 46 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 43 more targets are in the full ledger.
Claimed
- Revenues increased 13% (constant currency), exceeding expectations.
- Global DTC comps grew 12% and wholesale grew 13% (constant currency), demonstrating balanced performance.
- Adjusted gross margin expanded 130 basis points to 73.6%, driven by brand elevation and quality of sales.
- Adjusted operating margin expanded 150 basis points to 18.5%, ahead of plan.
- Added 1.5 million new customers to DTC businesses, reflecting strong brand desirability.
Qualified
- Macroeconomic uncertainty in Europe, leading to a prudent view on consumer demand.
- Modest pressure from higher freight and tariff costs, though offset by AUR growth.
- Ongoing uncertainty in the European consumer environment due to elevated energy costs and disruption to Middle East partner sales and tourism.
- Anticipation of additional tariffs in H2 FY27, with a return to reciprocal rates in the high teens.
Price
$391.07 +4.21% · +$15.8
Performance +23.0% 1Y
1Y: $317.92 on 14 Oct 2025 → $391.07. High $414.25 (24 Jun 2026), low $309.29 (4 Nov 2025).
- Previous close
- $375.27
- 52-week range
- $309.29 – $414.25
- One year
- +22.81%
Overview
- Symbol
- RL
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
26 of 26 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q1 FY27 operating margin expansion (constant currency) | approximately 80 to 120 basis points | Mar 2026 | First quarter adjusted operating margin expanded 150 basis points to 18.5%, ahead of our plan, while operating income grew 23%. | Achieved |
| FY27 AUR growth | continued, more normalized mid-single-digit growth | Mar 2026 | we now anticipate mid- to high single-digit AUR growth for the full year, with contributions from all regions. | Revised Up |
| 3-year marketing spend as % of sales range, Next Great Chapter: Drive plan (FY26-FY28) | 7.5% to 8.5% | Dec 2025 | I think we feel good about the 7.5 to 8.5 3-year guide that we laid out back in September. | On Track |
Claimed
- Revenues increased 13% (constant currency), exceeding expectations.
- Global DTC comps grew 12% and wholesale grew 13% (constant currency), demonstrating balanced performance.
- Adjusted gross margin expanded 130 basis points to 73.6%, driven by brand elevation and quality of sales.
- Adjusted operating margin expanded 150 basis points to 18.5%, ahead of plan.
- Added 1.5 million new customers to DTC businesses, reflecting strong brand desirability.
Qualified
- Macroeconomic uncertainty in Europe, leading to a prudent view on consumer demand.
- Modest pressure from higher freight and tariff costs, though offset by AUR growth.
- Ongoing uncertainty in the European consumer environment due to elevated energy costs and disruption to Middle East partner sales and tourism.
- Anticipation of additional tariffs in H2 FY27, with a return to reciprocal rates in the high teens.
The full ledger
Open RALPH LAUREN CORP’s full ledger
A free account opens 5 company ledgers a month. All 46 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — May 21, 2026
Ralph Lauren Q4 FY26 — Strong Performance Exceeds Expectations, Diversified Growth Drivers
Read the full callEvery analysed call
Ralph Lauren earnings calls (RL)
Financials
What the filings say
Net profit, year on year: +19% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,726 | 2,144 | 1,697 | 1,719 | 2,011 | 2,406 | 1,979 | 1,960 |
| Operating profit | 179 | 390 | 155 | 274 | 246 | 471 | 189 | 342 |
| Operating margin | 10.4% | 18.2% | 9.1% | 15.9% | 12.2% | 19.6% | 9.5% | 17.5% |
| Other income | 9 | -6 | 7 | 4 | -3 | -7 | 5 | -0 |
| Interest | 11 | 12 | 10 | 12 | 16 | 13 | 14 | 13 |
| Profit before tax | 188 | 384 | 162 | 278 | 243 | 464 | 193 | 342 |
| Tax rate | 21.4% | 22.5% | 20.5% | 20.7% | 14.5% | 22.0% | 21.5% | 23.4% |
| Net profit | 148 | 297 | 129 | 220 | 208 | 362 | 152 | 262 |
| EPS ($ per share) | 2.36 | 4.76 | — | 3.62 | 3.39 | 5.91 | — | 4.36 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 5,979 | 5,994 | 5,873 | 6,275 | 6,598 | 7,052 | 7,590 | 8,311 |
| Total liabilities | 2,656 | 4,587 | 5,283 | 5,189 | 4,359 | 4,152 | 4,459 | 4,898 |
| Fixed assets | 1,039 | 980 | 1,014 | 970 | 956 | 850 | 846 | 1,071 |
| Investments | 1,403 | 496 | 198 | 735 | 36 | 121 | 161 | 77 |
| Total assets | 5,943 | 7,280 | 7,888 | 7,725 | 6,790 | 6,603 | 7,047 | 7,740 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Apr 2022 | Apr 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 784 | 755 | 381 | 716 | 411 | 1,070 | 1,235 | 1,154 |
| Cash from investing | -879 | 702 | 195 | -718 | 472 | -257 | -264 | -357 |
| Cash from financing | -606 | -438 | 357 | -666 | -1,209 | -666 | -704 | -770 |
| Net cash flow | -729 | 1,003 | 958 | -716 | -335 | 134 | 259 | 65 |
| Capital expenditure | -198 | -270 | -108 | -167 | -217 | -165 | -216 | — |
| Free cash flow | 586 | 484 | 273 | 549 | 194 | 905 | 1,019 | — |
RL revenue by segment
Asia grew from 22% to 30% of revenue over the last two years.
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| North America | 43% | 47% | 42% | 38% | 41% | 45% | 39% | 38% | +12.8% |
| Europe | 33% | 28% | 31% | 32% | 34% | 28% | 31% | 30% | +7.2% |
| Asia | 22% | 24% | 25% | 28% | 22% | 26% | 28% | 30% | +24.3% |
| All Other Segments | 2% | 2% | 2% | 2% | 2% | 1% | 2% | 2% | +4.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q1 FY2027 · share of revenue
- Americas 40% ↓ 5 pt
- US 38% ↓ 5 pt
- Asia 30% ↑ 8 pt
- Europe 30% ↓ 3 pt
As RL cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
109 filings between Dec 2, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$123.54M
21 sales by 4 insiders
71% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 61
- Award — granted as compensation
- 27
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| LAUREN RALPH | — | $99.73M | May 26, 2026 |
| Louvet Patrice | — | $16.65M | Feb 10, 2026 |
| Alagoz Halide | — | $3.74M | Aug 10, 2026 |
| Ranftl Robert P. | — | $3.43M | Aug 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | JARRETT VALERIE B Director | Award | 1 | $0 |
| Oct 9, 2026 | Findley Linda Director | Award | 1 | $0 |
| Oct 9, 2026 | AHRENDTS ANGELA J Director | Award | 1 | $0 |
| Oct 9, 2026 | Conde Cesar Director | Award | 1 | $0 |
| Oct 9, 2026 | Zhang Wei Director | Award | 1 | $0 |
| Oct 9, 2026 | Cupp Debra S. Director | Award | 1 | $0 |
| Oct 9, 2026 | BENNACK FRANK A JR Director | Award | 1 | $0 |
| Oct 9, 2026 | LAUREN RALPH Exec. Chair, Chief Creative | Award | 1,427 | $0 |
| Oct 9, 2026 | Walker Darren Director | Award | 1 | $0 |
| Oct 9, 2026 | GEORGE MICHAEL A Director | Award | 1 | $0 |
| Aug 18, 2026 | Ranftl Robert P. Chief Operating Officer | Sale | 2,901 | $1.10M |
| Aug 15, 2026 | Lauren David R. Vice Chair, Chief Innovation | Tax withheld | 769 | $297.8K |
| Aug 15, 2026 | Louvet Patrice President and CEO | Tax withheld | 3,260 | $1.26M |
| Aug 15, 2026 | Louvet Patrice President and CEO | Tax withheld | 852 | $329.9K |
| Aug 15, 2026 | Louvet Patrice President and CEO | Tax withheld | 1,497 | $579.7K |
| Aug 15, 2026 | Louvet Patrice President and CEO | Tax withheld | 5,729 | $2.22M |
| Aug 15, 2026 | Lauren David R. Vice Chair, Chief Innovation | Award | 1,548 | — |
| Aug 15, 2026 | Alagoz Halide Chief Product & Merch. Officer | Tax withheld | 636 | $246.3K |
| Aug 15, 2026 | Louvet Patrice President and CEO | Tax withheld | 7,875 | $3.05M |
| Aug 15, 2026 | Ranftl Robert P. Chief Operating Officer | Tax withheld | 775 | $300.1K |
| Aug 15, 2026 | Ranftl Robert P. Chief Operating Officer | Tax withheld | 913 | $353.5K |
| Aug 15, 2026 | Ranftl Robert P. Chief Operating Officer | Tax withheld | 567 | $219.6K |
| Aug 15, 2026 | Louvet Patrice President and CEO | Award | 23,241 | — |
| Aug 15, 2026 | Ranftl Robert P. Chief Operating Officer | Award | 2,904 | — |
| Aug 15, 2026 | Alagoz Halide Chief Product & Merch. Officer | Tax withheld | 923 | $357.4K |
| Aug 15, 2026 | Alagoz Halide Chief Product & Merch. Officer | Tax withheld | 839 | $324.9K |
| Aug 15, 2026 | Picicci Justin M. Chief Financial Officer | Tax withheld | 382 | $147.9K |
| Aug 15, 2026 | Lauren David R. Vice Chair, Chief Innovation | Tax withheld | 382 | $147.9K |
| Aug 15, 2026 | Picicci Justin M. Chief Financial Officer | Tax withheld | 671 | $259.8K |
| Aug 15, 2026 | Picicci Justin M. Chief Financial Officer | Tax withheld | 1,192 | $461.6K |
| Aug 15, 2026 | Lauren David R. Vice Chair, Chief Innovation | Tax withheld | 560 | $216.8K |
| Aug 15, 2026 | Picicci Justin M. Chief Financial Officer | Award | 1,938 | — |
| Aug 15, 2026 | Alagoz Halide Chief Product & Merch. Officer | Award | 2,583 | — |
| Aug 10, 2026 | Alagoz Halide Chief Product & Merch. Officer | Sale | 6,559 | $2.64M |
| Jul 30, 2026 | JARRETT VALERIE B Director | Award | 458 | — |
| Jul 30, 2026 | GEORGE MICHAEL A Director | Award | 458 | — |
| Jul 30, 2026 | Findley Linda Director | Award | 458 | — |
| Jul 30, 2026 | Cupp Debra S. Director | Award | 458 | — |
| Jul 30, 2026 | BENNACK FRANK A JR Director | Award | 458 | — |
| Jul 30, 2026 | Conde Cesar Director | Award | 458 | — |
| Jul 30, 2026 | AHRENDTS ANGELA J Director | Award | 458 | — |
| Jul 30, 2026 | Zhang Wei Director | Award | 458 | — |
| Jul 30, 2026 | Walker Darren Director | Award | 458 | — |
| Jul 10, 2026 | AHRENDTS ANGELA J Director | Award | 1 | $0 |
| Jul 10, 2026 | BENNACK FRANK A JR Director | Award | 1 | $0 |
| Jul 10, 2026 | Zhang Wei Director | Award | 1 | $0 |
| Jul 10, 2026 | Walker Darren Director | Award | 1 | $0 |
| Jul 10, 2026 | LAUREN RALPH Exec. Chair, Chief Creative | Award | 1,334 | $0 |
| Jul 10, 2026 | JARRETT VALERIE B Director | Award | 1 | $0 |
| Jul 10, 2026 | GEORGE MICHAEL A Director | Award | 1 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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