Ralph Lauren Second-Quarter Revenue Rises 9% to $2.2 Billion as Company Raises Full-Year Outlook; Asia Revenue Up 28%, China Up 35%
Luxury company Ralph Lauren Corporation (NYSE: RL), headquartered in New York, reported results for the second quarter of fiscal 2027, ended September 26, 2026, on November 5: revenue rose 9% on a reported basis to $2.2 billion, up 10% in constant currency and ahead of expectations, and the company raised its full-year outlook.
On a reported basis, earnings per diluted share were $4.87, up 47% from a year earlier, with net income of $297 million. Adjusted earnings per diluted share were $4.64, up 22% and above analysts' expectations of $4.26, with adjusted net income of $283 million. "We delivered strong second quarter performance, enabling us to raise our Fiscal 2027 outlook once again," the company said. Reported profit in the quarter included $82.3 million of tariff refund recoveries.
By region, Asia was the fastest-growing market, with revenue up 28% to about $571 million, including a 35% increase in China. North America revenue rose 6% to $885 million, and Europe revenue rose 1% to $696 million. Average unit retail across the direct-to-consumer network increased 9%, global direct-to-consumer comparable sales rose 10%, and adjusted gross margin expanded to 70.5%.
The company ended the quarter with $1.8 billion in cash and short-term investments against $1.2 billion in total debt, while inventory fell 9% year over year to $1.2 billion.
For the outlook, Ralph Lauren raised its fiscal 2027 constant-currency revenue growth forecast to 6% to 7%, from 5% to 6% previously, and now expects operating margin to expand by 80 to 100 basis points. For the holiday third quarter, the company expects constant-currency revenue growth of about 3% to 4%.
Source: Ralph Lauren Corporation
Published by GSM · USA (original Chinese edition)
Photo: 图：Ralph Lauren 位于 New York 的门店。WestportWiki 摄，CC BY-SA 3.0，经 Wikimedia Commons。 / Photo: A Ralph Lauren store in New York. By WestportWiki, CC BY-SA 3.0, via Wikimedia Commons.
