Ralph Lauren Reports Better Than Expected First Quarter Fiscal 2027 Results and Updates Fiscal 2027 Outlook
First Quarter Revenue Increased 14% on a Reported Basis and 13% in Constant Currency, Ahead of Expectations, led by Asia and North America
Global Direct-to-Consumer Comparable Store Sales Increased Low-Double-Digits, Driven By Both Digital and Brick-and-Mortar Retail Channels and 15% AUR Growth; Wholesale Sales Accelerated to Mid-Teens Growth on Healthy Underlying Demand
Adjusted Gross and Operating Margin Expansion Exceeded Our Outlook, with Strong Full-Price Demand and Expense Discipline More Than Offsetting Increased Marketing Investments
Maintained Healthy Balance Sheet Positioning with $1.9 Billion in Cash and Short-Term Investments and Inventories Well-Positioned to Global Demand
