NYSE$RL

Ralph Lauren Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Ralph Lauren reported fourth quarter fiscal 2026 revenue of $2.0 billion, up 17% year-over-year, with adjusted EPS of $2.80.

Ralph Lauren Corporation delivered strong Q4 and full year fiscal 2026 results ahead of expectations, with revenue reaching a record $8.1 billion for the year. Global direct-to-consumer comparable store sales rose 17% in the quarter, supported by mid-teens AUR growth and balanced performance across regions. The company provided initial fiscal 2027 guidance for mid-single digit constant currency revenue growth and continued operating margin expansion.

  • Q4 revenue grew 17% reported and 12% in constant currency to $1.98 billion, exceeding expectations.
  • Adjusted gross margin expanded 110 basis points to 69.7% and adjusted operating margin rose 70 basis points to 11.0%.
  • Full year revenue surpassed $8 billion for the first time, up 15% reported and 12% in constant currency.
  • Company returned over $700 million to shareholders via dividends and share repurchases in fiscal 2026.

Headline financials

Total Revenue

$1.7B

Previous: $1.57B+8.3%
EPS (adj)

$2.80

Previous: $1.71+63.7%
North America Digital Commerce Growth

27.0%

No prior period
Adjusted Operating Margin

11.0%

No prior period
Global DTC Comps

17.0%

No prior period
Gross Margin

69.7%

No prior period
Ralph Lauren Stores

564

Previous: 564+0.0%
Concession Shops

671

Previous: 699-4.0%
Capital Expenditures

-$79.9M

Previous: -$39.9M-100.3%
Free Cash Flow

$746M

No prior period
Net Income

$129M

Previous: $90.7M+42.2%
Operating Income

$155M

Previous: $108M+43.8%
Gross Profit

$1.17B

Previous: $1.04B+11.7%
Cash & Equivalents

$1.92B

No prior period
Total Assets

$7.05B

No prior period

Revenue & EPS history

Ralph Lauren · Revenue · Quarterly

$1.7B

Q4 2025+8.3%vs Q4 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Ralph Lauren · $1.98B total across 4 segments · Q4 2025

  • North America
    $763M
  • Europe
    $620M
  • Asia
    $564M
  • Other
    $32.8M

Forward guidance

Fiscal 2027 constant currency revenue expected to increase mid-single digits (centered around 4-5%), with operating margin expansion of 40-60 basis points.

Tailwinds

  • Continued operating margin expansion expected
  • Gross margin expansion anticipated in first half
  • 53rd week expected to add 1 point to revenue growth

Headwinds

  • Outlook subject to change due to macroeconomic volatility and tariffs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+1.3%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.6%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+20.8%

Q2 2016

Best reaction

-24.5%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+12.6%+14.2%+25.2%
Q3 2026-4.5%+0.4%-4.6%
Q2 2026-0.6%+5.3%+16.3%
Q1 2026-6.4%-1.1%+3.0%
Q4 2025+1.1%+4.5%-3.5%
Q3 2025+9.7%+9.3%-6.6%
Q2 2025+7.0%+0.7%+10.9%
Q1 2025-2.0%-3.6%+4.8%
Q4 2024+5.6%+10.4%+11.2%
Q3 2024+18.9%+19.2%+19.6%
Q2 2024+3.3%+2.2%+16.7%
Q1 2024-5.5%-6.9%-9.0%
Q4 2023+4.2%+1.0%+10.5%
Q3 2023+1.0%+4.3%-3.2%
Q2 2023+15.7%+15.1%+19.1%
Q1 2023-5.6%-2.3%-6.9%
Q4 2022+3.0%+8.7%+2.6%
Q3 2022+4.4%+9.7%+2.1%
Q2 2022-5.2%-1.7%-8.2%
Q1 2022+4.4%+4.4%-0.4%
Q4 2021-7.6%-7.2%-13.4%
Q3 2021+3.1%+4.9%+16.2%
Q2 2021-10.0%-7.0%+18.4%
Q1 2021-1.7%-5.4%+6.4%
Q4 2020-1.7%-5.7%-16.8%
Q3 2020+8.2%+6.4%-4.5%
Q2 2020+12.8%+10.4%+10.7%
Q1 2020-6.3%-11.1%-20.9%
Q4 2019-2.2%-4.9%-4.8%
Q3 2019+10.1%+9.1%+7.7%
Q2 2019-6.9%-9.4%-20.4%
Q1 2019-5.2%-4.1%-3.0%
Q4 2018+15.6%+17.7%+11.7%
Q3 2018-3.9%-6.6%-6.9%
Q2 2018+1.4%-5.0%+6.9%
Q1 2018+11.4%+7.2%+13.6%
Q4 2017-4.8%-6.9%-0.9%
Q3 2017-12.8%-13.0%-8.7%
Q2 2017+4.8%+10.8%+6.7%
Q1 2017+14.3%+14.8%+6.0%
Q4 2016+1.2%
Q3 2016-24.5%
Q2 2016+20.8%
Q1 2016-2.5%
Q4 2015-1.1%
Q3 2015-17.0%
Q2 2015+3.2%
Q1 2015+1.0%
Q4 2014-3.1%
Q3 2014-1.3%
Q2 2014+0.9%
Q1 2014-6.2%
Q4 2013-3.8%
Q3 2013+8.0%
Q2 2013+1.4%
Q1 2013-3.0%
Q4 2009-0.0%
Q4 2012+2.5%
Q3 2012+9.8%
Q2 2012-4.9%
Q1 2012+8.9%
Q4 2011+10.2%
Q2 2011+10.2%
Q3 2010+9.7%
Q3 2011+9.7%
Q2 2010-5.5%
Q1 2011-5.5%
Q4 2010-5.5%
Q1 2010-5.5%

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