Ralph Lauren Reports 14% Revenue Growth in Q1 Fiscal 2027
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Ralph Lauren, one of America's leading fashion brands, reported its first-quarter fiscal 2027 results on August 6. Revenue increased 14% year over year to $2.0 billion and rose 13% in constant currency, exceeding the company's expectations on broad-based growth led by Asia and North America. Reported net income increased from $220 million in the prior-year period to $262 million, while diluted earnings per share rose 22% to $4.28. Adjusted net income, excluding restructuring-related and other net charges, reached $281 million, with adjusted diluted earnings per share increasing 22% to $4.59. Following the stronger-than-expected first-quarter performance, the company raised its full-year fiscal 2027 outlook for revenue growth and operating margin expansion. Asia delivered the company's strongest regional performance during the quarter. Revenue increased 24% year over year on a reported basis to $589 million and rose 25% in constant currency. Comparable store sales in the region increased 23%, including growth of 22% across brick-and-mortar stores and 32% in digital commerce. China was a particular standout, with revenue increasing by more than 40% from the prior-year period. North America revenue rose 13% to $740 million. Comparable retail sales increased 9%, with brick-and-mortar sales up 10% and digital commerce growing 8%. Wholesale revenue in North America increased 22%...
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