How did Ralph Lauren (NYSE:RL) perform in Q4 FY2026?

Ralph Lauren reported total revenue of $1.98 billion for Q4 ended March 31, 2026, a 17% increase year-over-year on a reported basis and 12% in constant currency, surpassing analyst expectations of $1.85 billion.

What was Ralph Lauren’s full-year 2026 revenue performance?

For fiscal year 2026, Ralph Lauren’s total revenue climbed 15% on a reported basis to $8.1 billion, marking the first time the company surpassed the $8 billion milestone.

How did direct-to-consumer (DTC) sales contribute to growth?

Global DTC comparable store sales jumped 17% in Q4 and 13% for the full year, supported by higher full-price selling and minimal promotional activity, driving strong top-line momentum across regions and channels.

What were the key profitability metrics for Ralph Lauren in Q4 2026?

Net income per diluted share rose to $2.45 from $2.03 a year earlier. Adjusted diluted EPS, excluding restructuring and other charges, increased to $2.80, beating the consensus estimate of $2.54.

How did gross and operating margins trend?

The company expanded both adjusted gross and operating margins in Q4 beyond internal targets, aided by a structural shift toward higher-priced inventory, which helped offset tariff and distribution cost pressures.

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Ralph Lauren revenue tops estimates as FY sales pass $8B milestone

Written by Heidi Cuthbert Published May. 21 2026Last Updated May. 21 2026

Ralph Lauren (NYSE:RL) reported fourth-quarter financial results that exceeded Wall Street estimates, driven by strong full-price selling trends and affluent consumers' appetite for premium apparel, pushing its full-year revenue past the $8 billion threshold for the first time in corporate history.

The New York-based luxury lifestyle company reported total revenue of $1.98 billion for the three months ended March 31, 2026, representing a 17% increase on a reported basis and a 12% gain in constant currency over the prior year period.

Analysts had projected quarterly revenue of approximately $1.85 billion.

For the full fiscal year 2026, total revenue climbed 15% on a reported basis to $8.1 billion.

The top-line momentum was led by a 17% jump in global direct-to-consumer comparable store sales during the fourth quarter, alongside a 13% gain for the full fiscal year.

Retail comparable metrics grew across all geographic regions and sales channels, bolstered by mid-teens growth in average unit retail (AUR) as the company minimized promotions in favor of full-price product assortments.

On the bottom line, Ralph Lauren reported fourth-quarter net income per diluted share of $2.45 on a reported basis, up from $2.03 in the fourth quarter of fiscal 2025.

Adjusted diluted earnings per share, which excludes restructuring-related and other net charges, climbed to $2.80 compared to $2.27 a year earlier, easily surpassing the consensus estimate of $2.54.

The structural shift toward higher-priced inventory helped the luxury manufacturer expand both its fourth-quarter adjusted gross and operating margins beyond internal projections, offsetting headwind pressures stemming from elevated U.S. tariffs and localized distribution costs.

Looking ahead, management introduced a preliminary outlook for fiscal 2027.

The company expects constant-currency net revenue to grow in the mid-single digits—centering around a 4% to 5% range on a 52-week comparable basis—while predicting continued operational margin expansion that aligns with its long-term strategic commitments.