Analyst Consensus ?
ConsensusBuy48 ratings
Bullish3266.7%
Neutral1327.1%
Bearish36.2%
Ralph Lauren Corporation · RL · FY2025 Q3 · Calendar Q1 2025
Ralph Lauren raises outlook as full-price demand strengthens
The supplied analysis supports a constructive operating picture: resilient brand demand, stronger full-price selling and direct-to-consumer customer growth accompanied a raised outlook. The case depends on sustaining AUR gains while funding store, marketing and technology investments amid tariff, currency and supply-chain risks.
Reported Before market openNYSEConsumer Cyclical
$22.97B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $4.46
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.01B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+9.7%
Event window
SPY move
+0.3%
Same window
Abnormal move
+9.3%
Stock minus SPY
Volume
3.5×
Versus trailing sessions
Subsequent drift
-14.8%
Up to 20 sessions
RLSPY benchmark
Ask FN2 about RL FY2025 Q3
Transcript, numbers and history already loaded
What drove RL's +9.7% move after FY2025 Q3 earnings?What changed in RL's guidance and outlook in FY2025 Q3?Give me the bull and bear case for RL after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management's Q3 analysis indicated broad regional growth, improved full-price selling and direct-to-consumer momentum. The company also raised its full-year revenue and operating-margin outlook and emphasized AI-enabled merchandising and a next-generation transformation program.
Guidance delta
Raised: FY2025 revenue guidance moved to 6–7% growth and operating-margin guidance increased.
Key takeaways
- Management described Q3 revenue growth of 11% with double-digit growth across all three regions.
- AUR increased 12% as discount rates fell by more than 500 basis points.
- Direct-to-consumer added 1.9 million new customers and delivered double-digit comparable growth.
- Management highlighted key-city ecosystems, AI-enabled tools and store expansion as growth priorities.
Management priorities
- Expand the store footprint, with approximately 85 new stores planned this year.
- Deploy a global ERP and predictive-buying tools beginning in FY2027.
- Increase marketing investment beyond approximately 7% of revenue.
- Apply AI across e-commerce, the contact center and product allocation.
- Grow women's apparel, handbags and outerwear.
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Analyst 52W Price Targets
$381.77Current
$102Low
$303.06Average
$511High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Aug 7, 2026 |
| Telsey Advisory Group | Outperform | Outperform | Maintain | Aug 7, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 7, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 7, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 7, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 7, 2026 |
| Needham | Buy | Buy | Maintain | Aug 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 4, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 21, 2026 |
| Raymond James | Outperform | Market Perform | Upgrade | Jul 21, 2026 |
| B of A Securities | Buy | Buy | Maintain | Apr 16, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 6, 2026 |
| Argus Research | Buy | Buy | Maintain | Jan 15, 2026 |
| TD Cowen | Buy | Buy | Maintain | Sep 30, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | May 23, 2025 |
| BMO Capital | Underperform | Underperform | Maintain | May 23, 2025 |
| Guggenheim | Buy | Buy | Maintain | Feb 7, 2025 |
| Wedbush | Neutral | Neutral | Maintain | Aug 11, 2023 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 11, 2023 |
| OTR Global | Positive | Mixed | Upgrade | Apr 28, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 10, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 10, 2023 |
| Truist Securities | Buy | Buy | Maintain | Dec 16, 2021 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Jan 15, 2021 |
| CFRA | Hold | Hold | Maintain | May 27, 2020 |
| PiperJaffray | Neutral | Neutral | Maintain | Nov 8, 2019 |
| Piper Sandler | Neutral | Neutral | Maintain | Nov 8, 2019 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Sep 24, 2019 |
| Bank of America | Underperform | Underperform | Maintain | Aug 26, 2019 |
| Nomura | Neutral | Neutral | Maintain | May 15, 2019 |
| Buckingham Research | Buy | Neutral | Upgrade | Jan 9, 2019 |
| Buckingham | Buy | Neutral | Upgrade | Jan 9, 2019 |
| Miller Tabak | Sell | Hold | Downgrade | Nov 20, 2017 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Nov 3, 2017 |
| Tigress Financial | Neutral | Neutral | Maintain | May 25, 2017 |
| CLSA | Buy | Buy | Maintain | Sep 28, 2016 |
| Macquarie | Outperform | Outperform | Maintain | Sep 27, 2016 |
| Brean Capital | Hold | Hold | Maintain | Aug 11, 2016 |
| Standpoint Research | Hold | Buy | Downgrade | Aug 8, 2016 |
| BB&T Capital | Buy | Buy | Maintain | May 20, 2016 |
| Susquehanna | Outperform | Positive | Maintain | Nov 3, 2015 |
| Stephens & Co. | Overweight | Equal Weight | Upgrade | Jul 13, 2015 |
| Janney Montgomery Scott | Neutral | Buy | Downgrade | Jan 9, 2015 |
| Janney Capital | Neutral | Buy | Downgrade | Jan 9, 2015 |
| ISI Group | Strong Buy | Buy | Upgrade | Sep 9, 2014 |
| McNicoll Lewis Vlak | Buy | Buy | Maintain | May 12, 2014 |
| Maxim Group | Buy | Buy | Maintain | Apr 22, 2014 |
| Bank oferica | Neutral | Neutral | Maintain | Feb 10, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $381.77. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Telsey Advisory | Dana Telsey | $470 | $395.63 | +23.1% | Aug 7, 2026 |
| Raymond James | Analyst unavailable | $425 | $397.6 | +11.3% | Aug 7, 2026 |
| Evercore ISI | Analyst unavailable | $460 | $389.42 | +20.5% | Aug 7, 2026 |
| BTIG | Analyst unavailable | $460 | $395.83 | +20.5% | Aug 7, 2026 |
| Barclays | Paul Kearney | $463 | $395.83 | +21.3% | Aug 7, 2026 |
| Deutsche Bank | Krisztina Katai | $446 | $395.83 | +16.8% | Aug 7, 2026 |
| Needham | Tom Nikic | $450 | $395.83 | +17.9% | Aug 6, 2026 |
| Deutsche Bank | Krisztina Katai | $441 | $379.22 | +15.5% | Aug 4, 2026 |
| Wells Fargo | Analyst unavailable | $425 | $376.48 | +11.3% | Jul 21, 2026 |
| Raymond James | Analyst unavailable | $410 | $376.48 | +7.4% | Jul 21, 2026 |
| Telsey Advisory | Analyst unavailable | $460 | $407.84 | +20.5% | Jun 23, 2026 |
| Deutsche Bank | Analyst unavailable | $437 | $372.43 | +14.5% | May 22, 2026 |
| UBS | Jay Sole | $511 | $375.34 | +33.9% | May 22, 2026 |
| Wells Fargo | Analyst unavailable | $415 | $374.8 | +8.7% | May 22, 2026 |
| Barclays | Analyst unavailable | $439 | $374.8 | +15.0% | May 22, 2026 |
| Needham | Tom Nikic | $405 | $375.88 | +6.1% | May 21, 2026 |
| UBS | Analyst unavailable | $480 | $359.66 | +25.7% | May 5, 2026 |
| Evercore ISI | Analyst unavailable | $420 | $337.61 | +10.0% | Feb 6, 2026 |
| UBS | Analyst unavailable | $477 | $341.35 | +24.9% | Feb 6, 2026 |
| BTIG | Bob Drbul | $435 | $338.66 | +13.9% | Feb 6, 2026 |
| Barclays | Paul Kearney | $416 | $338.66 | +9.0% | Feb 6, 2026 |
| UBS | Analyst unavailable | $474 | $353.82 | +24.2% | Jan 28, 2026 |
| Deutsche Bank | Krisztina Katai | $422 | $366.18 | +10.5% | Jan 8, 2026 |
| UBS | Analyst unavailable | $473 | $360.94 | +23.9% | Jan 8, 2026 |
| Barclays | Analyst unavailable | $409 | $358.52 | +7.1% | Jan 6, 2026 |
| Telsey Advisory | Analyst unavailable | $435 | $366.61 | +13.9% | Dec 17, 2025 |
| Wells Fargo | Analyst unavailable | $400 | $371.66 | +4.8% | Dec 16, 2025 |
| Jefferies | Analyst unavailable | $425 | $367.5 | +11.3% | Dec 12, 2025 |
| Wells Fargo | Ike Boruchow | $385 | $355.89 | +0.8% | Dec 3, 2025 |
| Evercore ISI | Analyst unavailable | $375 | $319.66 | -1.8% | Nov 3, 2025 |
| Jefferies | Analyst unavailable | $385 | $338.47 | +0.8% | Oct 23, 2025 |
| UBS | Analyst unavailable | $421 | $332.12 | +10.3% | Oct 23, 2025 |
| BTIG | Analyst unavailable | $400 | $317.92 | +4.8% | Oct 14, 2025 |
| Barclays | Analyst unavailable | $352 | $317.23 | -7.8% | Oct 14, 2025 |
| Telsey Advisory | Dana Telsey | $350 | $306.12 | -8.3% | Sep 17, 2025 |
| Jefferies | Analyst unavailable | $365 | $306.12 | -4.4% | Sep 17, 2025 |
| Needham | Analyst unavailable | $335 | $299.24 | -12.3% | Aug 5, 2025 |
| Telsey Advisory | Analyst unavailable | $335 | $304.45 | -12.3% | Aug 4, 2025 |
| Wells Fargo | Ike Boruchow | $300 | $273.96 | -21.4% | May 23, 2025 |
| UBS | Jay Sole | $384 | $274.08 | +0.6% | May 23, 2025 |
| Wells Fargo | Ike Boruchow | $275 | $264.51 | -28.0% | May 14, 2025 |
| Barclays | Paul Kearney | $260 | $219.96 | -31.9% | Apr 28, 2025 |
| Goldman Sachs | Analyst unavailable | $262 | $209.59 | -31.4% | Apr 22, 2025 |
| UBS | Jay Sole | $315 | $237.34 | -17.5% | Jan 10, 2025 |
| Telsey Advisory | Dana Telsey | $247 | $219.02 | -35.3% | Nov 8, 2024 |
| Citigroup | Paul Lejuez | $189 | $203.03 | -50.5% | Oct 29, 2024 |
| Wells Fargo | Ike Boruchow | $205 | $199.19 | -46.3% | Oct 23, 2024 |
| CFRA | Zachary Warring | $171 | $203.24 | -55.2% | Oct 17, 2024 |
| Barclays | Paul Kearney | $200 | $159.39 | -47.6% | Aug 8, 2024 |
| Raymond James | Rick Patel | $195 | $171.46 | -48.9% | May 24, 2024 |
| Wells Fargo | Ike Boruchow | $180 | $169.57 | -52.9% | May 24, 2024 |
| CFRA | Zachary Warring | $160 | $169.57 | -58.1% | May 23, 2024 |
| BMO Capital | Simeon Siegel | $113 | $168.48 | -70.4% | May 23, 2024 |
| UBS | Jay Sole | $250 | $166.98 | -34.5% | May 16, 2024 |
| Jefferies | Ashley Helgans | $195 | $167.03 | -48.9% | Apr 30, 2024 |
| Goldman Sachs | Ralph Lauren | $132 | $138.39 | -65.4% | Dec 13, 2023 |
| J.P. Morgan | Matthew Boss | $141 | $128.49 | -63.1% | Aug 10, 2023 |
| Telsey Advisory | Dana Telsey | $155 | $132.78 | -59.4% | Aug 4, 2023 |
| Telsey Advisory | Dana Telsey | $140 | $117.71 | -63.3% | Feb 9, 2023 |
| Cowen & Co. | Cowen Cowen | $132 | $100.12 | -65.4% | Nov 17, 2022 |
| UBS | Jay Sole | $130 | $100.24 | -65.9% | Nov 11, 2022 |
| UBS | Jay Sole | $162 | $99.79 | -57.6% | Jun 13, 2022 |
| Credit Suisse | Michael Binetti | $130 | $93.24 | -65.9% | May 20, 2022 |
| Wells Fargo | Ike Boruchow | $110 | $105.61 | -71.2% | Apr 9, 2022 |
| Deutsche Bank | Gabriella Carbone | $136 | $117.95 | -64.4% | Feb 4, 2022 |
| Evercore ISI | Omar Saad | $160 | $117.95 | -58.1% | Feb 4, 2022 |
| Truist Financial | Beth Reed | $156 | $117 | -59.1% | Feb 3, 2022 |
| Cowen & Co. | John Kernan | $171 | $117 | -55.2% | Feb 3, 2022 |
| Goldman Sachs | Brooke Roach | $110 | $115.48 | -71.2% | Dec 14, 2021 |
| BMO Capital | Simeon Siegel | $110 | $121.48 | -71.2% | Nov 3, 2021 |
| Piper Sandler | Erinn Murphy | $102 | $118.24 | -73.3% | May 21, 2021 |
Track every rating change on RL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRalph Lauren Corporation is a prominent international entity primarily involved in the creation, marketing, and distribution of premium lifestyle goods across North America, Europe, Asia, and other global regions. The company's diverse product range includes: Apparel: A comprehensive selection of clothing for men, women, and children. Footwear & Accessories: Various shoe styles (casual, dress, boots, sneakers, sandals), eyewear, timepieces, both fashion and fine jewelry, scarves, hats, gloves, umbrellas, and an assortment of leather items like handbags, luggage, small leather goods, and belts. Home Goods: Linens for bed and bath, furniture, fabric and wall coverings, lighting solutions, tabletop items, kitchen textiles, floor coverings, and giftware. Fragrances: A variety of scents developed for both men and women.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-29T19:36:28.567300+00:00
- Polygon adjusted daily market bars · 2026-10-19T22:50:51.726796+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T22:50:51.724032+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.