Ralph Lauren Corporation Fiscal Year 2026 Results

Ralph Lauren Corporation reported strong fiscal year 2026 results, with total net revenues reaching $8.1 billion, a 15% increase year-over-year. The company exceeded expectations in both the fourth quarter and full year, driven by robust direct-to-consumer (DTC) sales, which increased by 17% in Q4 and 13% for the full year. Average Unit Retail (AUR) also saw mid-teens growth, supported by strong full-price selling trends. The company achieved adjusted gross and operating margin expansion above its outlook, with full-year fiscal 2026 gross and operating margins exceeding annual targets. Ralph Lauren ended the fiscal year with over $2 billion in cash and short-term investments and well-positioned inventories. The company returned over $700 million to shareholders through dividends and stock repurchases and announced a 10% increase in its quarterly cash dividend. Looking ahead to Fiscal 2027, Ralph Lauren provided an initial outlook anticipating mid-single-digit net revenue growth and continued operating margin expansion on a constant currency basis, consistent with its long-term strategic commitments.