Ralph Lauren raises fiscal 2026 revenue growth outlook to high single to low double digits as brand momentum accelerates
View original at seekingalpha.comRalph Lauren raises fiscal 2026 revenue growth outlook to high single to low double digits as brand momentum accelerates Earnings Call Insights: Ralph Lauren Corporation (RL) Q3 2026 MANAGEMENT VIEW * Patrice Louvet, President and CEO, highlighted "strong third quarter results and progress on our Next Great Chapter: Dr…
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80% confidenceRalph Lauren added 2.1 million new consumers to the DTC businesses and increased social media followers to more than 68 million
80% confidenceThe 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% confidenceEurope full year outlook is up at the high end of mid-single digits, with the full price business leading growth
80% confidenceRalph Lauren has not experienced price resistance from core customers
80% confidenceRalph Lauren exceeded commitments on both the top and bottom line with broad-based performance across geographies, channels and product categories
80% confidenceRalph Lauren expects to continue to balance margin expansion with making strategic investments to drive longer-term growth beyond fiscal '26
80% confidenceRalph Lauren saw continued broad-based global momentum and expects mid-single-digit growth in Q4, with underlying demand remaining healthy
80% confidenceRalph Lauren increased marketing investment in Europe in the quarter, which pressured the bottom line
80% confidenceRalph 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% confidenceResults were ahead of expectations with a healthy balance of revenue growth and accelerated quality of sales to deliver margin expansion ahead of plan
80% confidenceQ4 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% confidenceRalph Lauren experienced favorable cotton tailwinds and favorable freight modestly in the quarter, with a relatively neutral outlook looking forward
80% confidenceRalph 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% confidenceAsia delivered standout growth, with China up more than 30% and Asia overall up more than 20%
80% confidence