Ralph Lauren Q1 FY27: revenue +14% to $1.96B, net income +19% to $262.2M, EPS +21.6% to $4.28

Filed August 6, 2026 · Period ending June 27, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income rose 19.0% to $262.2M and diluted EPS climbed 21.6% to $4.28, driven by a $68.8M operating income increase partly offset by a $22.4M higher tax provision (effective rate up 270 bp to 23.4%).

  MD&A: Net Income & Tax Rate verify on EDGAR →
• high

  Operating margin expanded 160 bp to 17.5% as gross margin improved 140 bp to 73.7%, driven by AUR growth and favorable channel/geographic mix more than offsetting tariff and product cost pressures.

  MD&A: Margins verify on EDGAR →
• high

  Operating cash flow surged $163.2M to $339.3M (vs. $176.1M prior year) on lower inventory levels (prior year elevated by tariff impacts and early deliveries) and higher net income, reversing the prior year's working capital headwind.

  MD&A: Cash Flow verify on EDGAR →