Ralph Lauren Q1 revenue beats estimates on Asia and North America growth

Ralph Lauren

06/08/2026 13:15

Overview
Luxury lifestyle brand's fiscal Q1 revenue rose 14%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat consensus, up 22% yr/yr
Company repurchased $250 mln of stock in the quarter

Outlook
Ralph Lauren raises FY27 constant currency revenue growth outlook to 5%-6%
Company now sees FY27 operating margin expanding 60-80 basis points in constant currency
Ralph Lauren expects Q2 revenue growth of 5%-6% in constant currency

Result Drivers
ASIA AND NORTH AMERICA GROWTH - Double-digit revenue growth in Asia and North America led overall performance, with Asia up 24% and North America up 13% yr/yr
DIRECT-TO-CONSUMER SALES - Global direct-to-consumer comparable store sales increased low-double-digits, driven by both digital and brick-and-mortar retail channels and 15% AUR growth
WHOLESALE SALES ACCELERATION - Wholesale sales accelerated to mid-teens growth on healthy underlying demand, aided by resumed shipments and timing shifts

Company press release: ID:nBw27YwVja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.96 bln
$1.87 bln (15 Analysts)
Q1 Adjusted EPS
Beat
$4.59
$4.32 (15 Analysts)
Q1 EPS
 
$4.28
 
Q1 Gross Margin
 
73.70%
 
Q1 Operating Margin
 
17.50%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for Ralph Lauren Corporation is $440.50, about 15.7% above its August 5 closing price of $380.78
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)