Ralph Lauren — Second Quarter Fiscal 2027 Earnings Summary

Ralph Lauren Corporation reported second-quarter fiscal 2027 earnings per diluted share of $4.87 on a reported basis and $4.64 on an adjusted basis, representing significant year-over-year growth. The company's total revenue increased 9% to $2.2 billion, driven by a 28% surge in Asia and strong performance in the Core business, while global direct-to-consumer comparable store sales rose 10%. Operating margins expanded by 160 basis points on an adjusted basis, allowing the company to raise its full-year fiscal 2027 constant currency revenue outlook to a 6% to 7% growth range. Additionally, the company returned over $600 million to shareholders through dividends and stock repurchases and maintained a strong balance sheet with $1.8 billion in cash and short-term investments.