Ralph Lauren's first quarter results were strong, with significant growth across multiple regions and categories, improved margins, and raised guidance. However, there are concerns about potential impacts from tariffs in the second half of the year. Overall, the highlights significantly outweigh the lowlights.

Company Guidance -

Q2 2026

During the Ralph Lauren First Quarter Fiscal Year 2026 Earnings Call, the company reported impressive financial results, surpassing expectations with an 11% increase in total revenue, driven by strong performance across all regions and channels. Notably, Asia saw a 19% revenue growth, Europe increased by 10%, and North America grew by 8%. The company's global comparable sales rose by 13%, with a notable increase in digital and brick-and-mortar stores. Ralph Lauren also improved its adjusted gross margin by 160 basis points to 72.1%, driven by a 14% increase in average unit retail prices (AUR) and reduced discounting. The company raised its full-year revenue guidance to a low to mid-single-digit increase, citing continued strong consumer engagement and brand desirability. Despite potential tariff-related pressures, Ralph Lauren remains confident due to its strategic growth drivers, including marketing investments and AI-driven predictive buying programs.

Strong Start to Fiscal Year 2026

Ralph Lauren's first quarter results exceeded expectations with double-digit top line growth in Asia and Europe, and high single-digit growth in North America. Global comps were up 13%.

Significant Growth in Asia

Asia sales increased by 19%, with China growing more than 30%. The company attributes this success to strong brand-building initiatives and marketing activations.

Improved Gross and Operating Margins

Adjusted gross margin expanded by 160 basis points to 72.1%, and adjusted operating margin expanded by 230 basis points to 16.6%, driven by stronger full-price selling and lower discounting.

Increased Full Year Guidance

Ralph Lauren raised its full-year outlook, now expecting constant currency revenues to increase low to mid-single digits, up from low single digits previously.

Growth in Key Categories and Customer Acquisition

The company added 1.4 million new customers to its DTC businesses, with significant growth in women's apparel, outerwear, and handbags.

Ralph Lauren (RL) Earnings, Revenues Date & History

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RL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2026 (Q2)	3.42 / -	2.54	―	―	―
Aug 07, 2025	2026 (Q1)	3.51 / 3.77	2.7	39.63% (+1.07)	―
May 22, 2025	2025 (Q4)	2.04 / 2.27	1.71	32.75% (+0.56)	―
Feb 06, 2025	2025 (Q3)	4.53 / 4.82	4.17	15.59% (+0.65)	―
Nov 07, 2024	2025 (Q2)	2.42 / 2.54	2.1	20.95% (+0.44)	―
Aug 07, 2024	2025 (Q1)	2.48 / 2.70	2.34	15.38% (+0.36)	―
May 23, 2024	2024 (Q4)	1.67 / 1.71	0.9	90.00% (+0.81)	―
Feb 08, 2024	2024 (Q3)	3.57 / 4.17	3.35	24.48% (+0.82)	―
Nov 08, 2023	2024 (Q2)	1.93 / 2.10	2.23	-5.83% (-0.13)	―
Aug 10, 2023	2024 (Q1)	2.14 / 2.34	1.88	24.47% (+0.46)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$302.96	$283.34	-6.48%
May 22, 2025	$272.97	$276.49	+1.29%
Feb 06, 2025	$247.26	$271.23	+9.69%
Nov 07, 2024	$205.85	$219.37	+6.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.