RL Q1 2026 Earnings
Reported Aug 7, 2025 at 8:15 AM ET · SEC Source
Q1 26 EPS
$3.77
BEAT +7.79%
Est. $3.50
Q1 26 Revenue
$1.72B
BEAT +3.78%
Est. $1.66B
vs S&P Since Q1 26
+17.2%
BEATING MARKET
RL +30.3% vs S&P +13.1%
Market Reaction
Did RL Beat Earnings? Q1 2026 Results
Ralph Lauren opened Fiscal 2026 with one of its strongest quarters in recent memory, posting adjusted diluted EPS of $3.77 against a consensus estimate of $3.50, a beat of 7.79%, while revenue of $1.72 billion topped expectations by 3.78% and grew 13… Read more Ralph Lauren opened Fiscal 2026 with one of its strongest quarters in recent memory, posting adjusted diluted EPS of $3.77 against a consensus estimate of $3.50, a beat of 7.79%, while revenue of $1.72 billion topped expectations by 3.78% and grew 13.7% year-over-year. The standout driver was the company's brand elevation strategy, which pushed global direct-to-consumer comparable store sales up 13% and lifted average unit retail 14% across the DTC network, reflecting stronger full-price selling and leaner promotional activity. Gross margin expanded 180 basis points to 72.3%, and adjusted operating margin reached 17.0%, up 270 basis points year-over-year, demonstrating that premiumization is flowing through to the bottom line. Asia was the quarter's geographic highlight, accelerating to 21% reported revenue growth with China up more than 30%. Encouraged by the broad-based momentum, management raised its full-year constant currency revenue outlook to low- to mid-single digit growth and lifted its adjusted operating margin expansion guidance to approximately 40 to 60 basis points, though executives maintained a cautious tone on the second-half macro environment.
Key Takeaways
- • Average unit retail (AUR) increased 14% across DTC network, above expectations
- • Global DTC comparable store sales grew 13%
- • Strong full-price selling trends with lower than planned promotions
- • 1.4 million new consumers acquired in DTC businesses
- • Core business up mid-teens; high-potential categories (Women's Apparel, Outerwear, Handbags) increased more than 20% in constant currency
- • China revenue up more than 30% year-over-year
- • Asia digital commerce comparable store sales grew 35%
- • Gross margin expansion of 180 basis points driven by AUR growth, favorable channel/geographic mix, and lower cotton costs
RL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
RL Revenue by Segment
With YoY comparisons, source: SEC Filings
RL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered strong first quarter results across geographies, channels and consumer segments. While we continue to approach the current global operating environment with prudence, we are encouraged by the broad-based strength in our brand and our businesses as we execute on our long-term strategic priorities — including recruiting new and younger consumers, strengthening our core and high-potential categories, and developing our key city ecosystems in each region.”
— Patrice Louvet, Q1 2026 Earnings Press Release
RL Earnings Trends
RL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RL EPS Trend
Earnings per share: estimate vs actual
RL Revenue Trend
Quarterly revenue: estimate vs actual
RL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $5.81 | $6.22 | +7.10% | $2.41B | +4.16% |
| Q2 26 BEAT | $3.45 | $3.79 | +9.96% | $2.01B | +6.66% |
| Q1 26 BEAT | $3.50 | $3.77 | +7.79% | $1.72B | +3.78% |
| Q4 25 BEAT FY | $2.04 | $2.27 | +11.27% | $1.70B | +3.02% |
| FY Full Year | $12.09 | $12.33 | +2.02% | $7.08B | +0.71% |