EarningsQ1 2027 Earnings Report
MX:RL Q1 2027 EPS Results
Actual EPS$78.34
Consensus EPS$73.78
Beat/MissBeat by +$4.56
One Year Ago EPS$64.35
MX:RL Q1 2027 Revenue Results
Actual Revenue$33.45B
Expected Revenue$31.85B
Beat/MissBeat by +$1.60B
YoY Revenue Growth+14.00%
Earnings Announcement Details
QuarterQ1 2027
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:RL Upcoming Earnings
Ralph Lauren's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:RL Q1 2027 Earnings Call
0:00 / 0:00
Q1 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed broad-based, high-quality growth with meaningful margin expansion, strong customer acquisition, and elevated brand momentum — particularly driven by Asia/China and digital — while acknowledging regional macro pressures (notably Europe), tariff and FX headwinds, and planned channel/wholesale rationalization that will pressure back-half cadence. On balance, positive operational and financial execution outweigh near-term risks.Company Guidance
Quarterly Revenue Growth
Total company revenue increased 13% in Q1 (constant currency), ahead of mid- to high single-digit outlook and driven by broad-based performance across regions and channels.
Strong Regional Performance — Asia and China
Asia led growth with revenue up 25%; Greater China sales increased over 40% in the quarter, supported by local activations, city cluster expansion and strong digital demand.
North America and Europe Progress
North America revenue grew 13% (retail comps +9%, digital comps +8%); Europe grew 5% despite tougher compares, with improvements in digital and selective markets (Germany, Italy, Spain).
Channel and Comp Strength
Global direct-to-consumer and wholesale comps were healthy, with global retail comps up 12%; total digital ecosystem sales grew mid-teens, led by owned sites and wholesale digital accounts.
Pricing and Mix Gains — AUR and Gross Margin
Average unit retail (AUR) increased 15%; adjusted gross margin expanded ~130 basis points to 73.6% (constant currency), driven by higher full-price selling, favorable channel/geo/product mix and disciplined inventory management.
Profitability and Operating Leverage
Adjusted operating margin expanded ~150 basis points to 18.5% and operating income grew 23%; adjusted operating expenses rose 13% but declined 10 bps as a percent of sales, with 90 bps of non-marketing expense leverage.
Customer Acquisition and Brand Momentum
Added 1.5 million new DTC customers in Q1; social followers grew high single digits to more than 70 million; brand activations (Wimbledon, Milan shows, Polo Cups, US Postal Service stamps) contributing to elevated brand desirability and NPS/luxury perception gains.
Capital Allocation and Balance Sheet
Returned over $300 million to shareholders in Q1 via dividend and repurchases; ended period with $1.9 billion in cash and short-term investments and $1.2 billion in total debt; net inventory decreased 3% (constant currency).
Raised Full‑Year Outlook and Improved Margin Guidance
Raised fiscal '27 revenue outlook to ~5%–6% (from 4%–5%); now expect full-year operating margin expansion of ~60–80 bps (up from 40–60 bps) and gross margin expansion of ~50–70 bps, reflecting Q1 overperformance.
Retail Expansion and Market Execution
Opened 22 new owned and partner stores globally (notable openings: LA Grove, Palo Alto, Istanbul, Sydney, Perth), expanded RL mobile app to Korea, and continued selective retail/partner executions to grow top-city ecosystems.
MX:RL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed