Q4 26 EPS
$2.80
Q4 26 Revenue
$1.98B
BEAT +7.03%
Est. $1.85B
vs S&P Since Q4 26
+18.4%
BEATING MARKET
RL +17.3% vs S&P -1.2%
Full Year 2026 Results
FY 26 EPS
$16.59
BEAT +1.62%
Est. $16.33
FY 26 Revenue
$8.11B
BEAT +1.68%
Est. $7.98B
Market Reaction
Did RL Beat Earnings? Q4 2026 Results
Ralph Lauren closed out fiscal 2026 on a high note, posting fourth-quarter earnings per share of $2.80 against a consensus estimate of $2.54, a beat of roughly 10.08% that extended the company's streak of topping EPS expectations to four consecutive … Read more Ralph Lauren closed out fiscal 2026 on a high note, posting fourth-quarter earnings per share of $2.80 against a consensus estimate of $2.54, a beat of roughly 10.08% that extended the company's streak of topping EPS expectations to four consecutive quarters. Revenue climbed 16.6% year over year to $1.98 billion, clearing the $1.85 billion analyst estimate by 7.03%, as broad-based momentum across all three geographic segments carried the quarter. The standout driver was Asia, where 31% reported revenue growth, fueled by exceptional Lunar New Year demand in China, helped lift adjusted gross margin 110 basis points to 69.7% even as U.S. Tariff headwinds weighed on costs. For the full fiscal year, revenue reached $8.11 billion while adjusted operating margin expanded 200 basis points to 16.0%, reflecting the early traction of the company's Next Great Chapter: Drive strategic plan. Looking ahead, management guided for mid-single-digit constant currency revenue growth in fiscal 2027, centered around 4% to 5%, alongside 40 to 60 basis points of operating margin expansion, signaling continued confidence despite acknowledged macro uncertainty around evolving tariff policy.
Key Takeaways
- • Global DTC comparable store sales increased 17% in Q4 and 13% for the full year
- • Mid-teens AUR growth driven by product elevation, favorable mix shifts, and increased full-price selling with reduced discount rates
- • Exceptional Lunar New Year sales driving strong Asia performance, particularly in China
- • 6.5 million new DTC customers recruited in FY2026
- • Core business up mid-teens with high-potential categories (Women's Apparel, Outerwear, Handbags) up more than 20% in Q4
- • Favorable geographic, channel, and product mix along with lower cotton costs driving gross margin expansion
RL Forward Guidance & Outlook
For Fiscal 2027, Ralph Lauren expects constant currency revenue growth of approximately mid-single digits (centered around 4%-5%) on a 52-week comparable basis, with operating margin expansion of approximately 40-60 basis points in constant currency driven by modest gross margin expansion and operating expense leverage. Gross and operating margin expansion are expected to be stronger in the first half, partly due to timing of marketing activations and a lower prevailing 10% tariff rate. Foreign currency is expected to have roughly neutral impact on revenue and margins. FY2027 is a 53-week year, with the extra week adding approximately 1 point to revenue growth. For Q1 FY2027, revenue is expected to increase mid- to high-single digits in constant currency, with operating margin expansion of 80-120 basis points in constant currency led by gross margin expansion. Full year tax rate is expected at 21%-22%, and capital expenditures are planned at approximately 4%-5% of revenue.
RL YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
RL Revenue by Segment
With YoY comparisons, source: SEC Filings
RL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our teams around the world executed with excellence and agility to deliver a strong first year of our Next Great Chapter: Drive strategic plan. While navigating a highly dynamic global operating environment, we exceeded our financial commitments in Fiscal 2026 with revenues surpassing $8 billion for the first time on healthy quality of sales, with balanced contributions across our lifestyle categories, geographies, and channels — a testament to the power of our iconic brand and ability to connect authentically with consumers across generations and cultures.”
— Patrice Louvet, Q4 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | $2.80 | — | $1.98B | +7.03% |
| FY Full Year | $16.33 | $16.59 | +1.62% | $8.11B | +1.68% |
| 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% |