Ralph Lauren jumps after beating quarterly estimates on strong demand

Ralph Lauren

06/08/2026 16:55

Updates
** Ralph Lauren RL.N shares rise as much as 8% at $411.19 
** The high-end apparel seller beats Q1 revenue, profit estimates on resilient demand from young and affluent shoppers for its high-priced collections
** Q1 revenue of $1.96 billion and adjusted EPS of $4.59, beating analysts' estimates of $1.87 billion and $4.32, respectively - data compiled by LSEG
** Raises fiscal 2027 rev growth forecast to 5-6% from prior view 4-5%
** Plans to accelerate reduction of off-price sales, abandon lower-tier full-price stores in H2 - CFO Justin Picicci
** RL accessible luxury niche in better shape than pure luxury; others raised prices too much and lost customers to lower-priced alternatives like RL and Coach - Morningstar analyst David Swartz
** As of last close, RL up ~8% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))