Ralph Lauren Tops Q1 Forecasts and Lifts FY27 Guidance on 14% Revenue Surge

summarizeSummary

Ralph Lauren posted Q1 FY2027 revenue of $1.96B (+14% YoY) and adjusted EPS of $4.59, beating expectations and raising its full-year guidance for both revenue growth and margin expansion.

check_boxKey Events · Earnings and Guidance · RL

• Q1 Revenue and EPS Beat

  Revenue rose 14% to $1.96B, while adjusted EPS of $4.59, up 22% YoY, exceeded expectations on broad-based geographic strength.

• Raised Full-Year Outlook

  Constant currency revenue growth is now seen at ~5–6% (up from prior), with adjusted operating margin expansion of 60–80 bps, reflecting stronger-than-expected Q1 results.

• Strong Brand Momentum

  Global comparable store sales increased low-double-digits, AUR rose 15%, and gross margin expanded 140 bps to 73.7%, driven by full-price selling and favorable mix.

• Shareholder Returns

  Over $300M was returned to shareholders in Q1 via dividends and $250M in share repurchases, supported by a healthy balance sheet with $1.9B in cash and short-term investments.

auto_awesomeAnalysis · RL · Manufacturing

A powerful start to fiscal 2027 saw revenue climb 14% to $1.96 billion and adjusted EPS reach $4.59, both comfortably ahead of expectations. The outperformance spanned every region—Asia surged 24%, North America advanced 13%, and global comparable store sales rose low-double-digits. Bolstered by these results, management raised its full-year constant currency revenue growth target to approximately 5–6% and now projects 60–80 basis points of adjusted operating margin expansion, up from prior guidance. The quarter also featured over $300 million returned to shareholders via dividends and buybacks. Underpinning the momentum, average unit retail jumped 15% and gross margin expanded 140 basis points, even as marketing investments continued. The upgraded outlook signals confidence that these robust demand trends have staying power.