Ranftl Robert P. sold $2.3M of RL

Ralph Lauren (NYSE:RL) reported Q1 North America revenue up 13%, with retail comp sales up 9% and wholesale up 22%, aided by shipment timing and resumed shipments. Europe revenue rose 5% and adjusted gross margin expanded 130 bps to 73.6%. For FY2027, it raised constant-currency revenue growth to 5%-6% and expects margin expansion.

Ralph Lauren reported Q1 FY27 revenue up 14% to $2.0bn, with Asia up 24% to $589m and North America up 13% to $740m. Gross margin rose 140 bps to 73.7%, operating income was $342m, and net income $262m ($4.28 diluted EPS). The company raised FY27 constant-currency revenue growth to ~5% to 6% and expects margin expansion.

Ralph Lauren said fiscal Q1 revenues rose 13% on a constant-currency basis and it raised full-year revenue and adjusted operating margin expansion guidance, citing brand investment and product and digital initiatives. Capri, parent of Michael Kors and Jimmy Choo, lowered revenue guidance after fiscal Q1 revenues fell 4.1%, citing Iran-related headwinds and Michael Kors inventory delays.

Ralph Lauren reported Q1 fiscal 2027 sales up 13% year-on-year to $2.0 billion on a constant-currency basis, citing broad growth across regions and channels. North America rose 13% to $740.3 million, Asia 25% to $589 million, and Europe 5% to $594 million. DTC sales grew 12% and wholesale 13%. The company raised its full-year revenue outlook to about 5-6%.

Ralph Lauren beat Wall Street estimates for first-quarter results, helped by demand from young shoppers in Asia and North America, and raised its annual revenue forecast. Shares rose about 7% in morning trading. Q1 revenue was $1.96B vs $1.87B expected, and adjusted EPS was $4.59 vs $4.32. Asia sales rose 24% (China up 40%+), North America up 13%, Europe up 7% with a prudent outlook.

Ralph Lauren (RL) reported fiscal 2027 Q1 net income of $262.2M, or $4.28/share, up from $220.4M, or $3.52/share, a year earlier. Net revenues rose to $1,959.8M from $1,719.1M. The company lifted its outlook, expecting constant-currency revenue growth of about 5% to 6% for Q2 and FY27. RL traded around $379.50 premarket.