Ralph Lauren raises fiscal 2026 revenue growth outlook to high single to low double digits as brand momentum accelerates

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• Asia delivered standout growth, with China up more than 30% and Asia overall up more than 20%

  80% confidence

• Ralph Lauren saw continued broad-based global momentum and expects mid-single-digit growth in Q4, with underlying demand remaining healthy

  80% confidence

• Ralph Lauren increased marketing investment in Europe in the quarter, which pressured the bottom line

  80% confidence

• Ralph Lauren's marketing approach has been transformed over the past few years to be always on in key cities with a rolling thunder of activations

  80% confidence

• Ralph Lauren has not experienced price resistance from core customers

  80% confidence

• Ralph Lauren exceeded commitments on both the top and bottom line with broad-based performance across geographies, channels and product categories

  80% confidence

• Ralph Lauren added 2.1 million new consumers to the DTC businesses and increased social media followers to more than 68 million

  80% confidence

• Ralph Lauren expects to continue to balance margin expansion with making strategic investments to drive longer-term growth beyond fiscal '26

  80% confidence

• Ask Ralph AI shopping assistant is in a learning experimentation phase that's very promising

  80% confidence

• The reduction in discounting was the primary driver of AUR growth coming in at high teens for the quarter ahead of the original expectation of up by single digits

  80% confidence

• Q4 is expected to be the most impacted quarter this fiscal year in terms of year-over-year gross margin pressure, with peak tariff pressure

  80% confidence

• Ralph Lauren experienced favorable cotton tailwinds and favorable freight modestly in the quarter, with a relatively neutral outlook looking forward

  80% confidence

• Ralph Lauren achieved meaningfully better full price sell-throughs and improved quality of sales with gross margin expansion in each region, more than offsetting the impact of higher U.S. tariffs

  80% confidence

• Europe full year outlook is up at the high end of mid-single digits, with the full price business leading growth

  80% confidence

• Results were ahead of expectations with a healthy balance of revenue growth and accelerated quality of sales to deliver margin expansion ahead of plan

  80% confidence