Ralph Lauren Corporation · RL · Next earnings

Ralph Lauren Corporation reports Thursday, Nov 5, 2026

RL reports before market open with consensus EPS at $4.21 and revenue at $2.12B. Last quarter: Ralph Lauren Crosses $8B Revenue as Q4 Beats Estimates on China Strength and AUR Expansion

Reports Before market open46 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $4.21 Calendar consensus
Consensus revenue $2.12B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 46 days away

Where RL left off: FY2026 Q4

Full report

Ralph Lauren Crosses $8B Revenue as Q4 Beats Estimates on China Strength and AUR Expansion

EPS surprise +9.8% Reported $2.80 vs $2.55
Revenue surprise +7.2% Reported $1.98B vs $1.85B
Stock move +13.9% Event window
Subsequent drift +9.6% Up to 20 sessions

Management maintained (rather than raised) its FY2027 outlook, calling for mid-single-digit revenue growth, operating-margin expansion, and marketing spend rising to approximately 8% of sales. This follows the prior quarter's raised FY2026 guidance, which projected high-single-digit to low-double-digit revenue growth. The maintained rather than raised outlook reflects normalization in wholesale growth and tariff/macro headwinds, but signals continued confidence in the brand's pricing power and DTC momentum. Notably, management cited a Supreme Court ruling lowering tariffs to 10% for most of FY27 as a tailwind, though caution remains about potential increases after the relief period ends.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential tariff increases after the 10% relief period ends, raising input costs and pressuring margins.
  • Higher energy and freight costs impacting operating margins.
  • Macro-economic pressure in Europe and reduced tourism from the Middle East weighing on regional performance.
  • Wholesale channel normalization and off-price discounting pressures as prior-year comparisons stiffen.

Questions analysts left open

  • Sustainability of Europe comp growth amid a softer macro environment and reduced Middle East tourism.
  • Normalization of wholesale growth versus prior strong year-over-year comparisons.
  • Whether unit growth is keeping pace with AUR dynamics or whether unit volumes are declining.
  • Outlet channel AUR optimization opportunities and their margin implications.
  • Impact of tariff and freight cost headwinds on the credibility of margin guidance.

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Recent RL quarters

All RL earnings
+13.9%FY2026 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q4

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.