Overview

• Ralph Lauren reported first-quarter net revenue of $1.72 billion and adjusted EPS of $3.77, surpassing consensus estimates of $1.66 billion and $3.50.
• The company lifted its fiscal 2026 revenue forecast to low- to mid-single-digit percentage growth and raised operating margin expansion guidance to 40–60 basis points on a currency-adjusted basis.
• A 14% increase in average unit retail in the direct-to-consumer channel drove much of the profit upside.
• Shares of Ralph Lauren climbed about 2% in premarket trading following the earnings release and outlook upgrade.
• CEO Patrice Louvet warned that elevated inflation pressures and tariff volatility could weigh on performance in the back half of the fiscal year.