Ralph Lauren reported a second quarter 2027 performance that exceeded consensus estimates across top and bottom lines. Net revenue reached $2.19 billion, supported by balanced growth in digital and brick-and-mortar channels, while adjusted earnings of $4.64 per share outpaced expectations by nearly 9%.
Key Highlights
- Average Unit Retail (AUR) increased 9% globally, driven by brand elevation and strong full-price selling trends.
- Asia revenue surged 28% on a reported basis, anchored by a 35% increase in China as the region continues to outpace total company growth.
- Adjusted gross margin expanded 250 basis points to 70.5%, benefiting from AUR growth and lower product costs.
- Management raised full-year fiscal 2027 constant currency revenue growth guidance to a range of 6% to 7%.