Ralph Lauren Q2 FY2027: revenue up 9.1%, outlook raised again
Ralph Lauren beat its own plan and raised fiscal 2027 guidance again: revenue rose 9.1% to $2.19 billion and adjusted EPS climbed 22% to $4.64. The catch is that $82.3 million of tariff refunds inflated reported gross margin, so read the adjusted 70.5% figure. Below, the segment split, where the money went, and why the third quarter is guided to slow.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $4.87 was up 47% from $3.32, but $82.3 million of tariff refunds did much of that work. Adjusted EPS of $4.64, up 22%, is the cleaner number — it sits below GAAP because the refunds were stripped out alongside the charges they funded. Corporate expenses also fell to $155.4 million from $230.4 million, a real contributor to operating profit.
Revenue came in at $2.19 billion, up 9.1% from $2.01 billion a year ago and 9.6% in constant currency. Asia did the heavy lifting with 28.2% growth to $571.3 million, while North America rose 6.4% to $885.6 million and Europe managed just 1.1% to $696.0 million. Global direct-to-consumer comparable store sales rose 10%, helped by 9% higher average unit retail — more dollars per item, not just more items.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-05
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