Earnings Releases·Nov 5, 2026, 8:04 AM ET

Ralph Lauren — Second Quarter Fiscal 2027 Earnings Summary

Full-year Fiscal 2027 constant currency revenue growth guidance raised to mid- to high-single digits (6% to 7%) and adjusted operating margin expansion outlook increased to approximately 80 to 100 basis points.
Second quarter net revenue grew 9% to $2.2 billion, while adjusted EPS rose 22% year-over-year to $4.64, driven by 9% Average Unit Retail growth, favorable geographic mix, and tariff refunds.
Strong segment performance led by Asia (28% revenue growth) and North America (6% growth), with Global Direct-to-Consumer comparable store sales up 10% and inventory reduced 9% to $1.2 billion.
Capital return initiatives included $250 million in share repurchases during the quarter, completing the Fiscal 2027 plan, with over $600 million returned to shareholders year-to-date via dividends and buybacks.