Ralph Lauren Corp

Latest Results (15.11.2025):

Ralph Lauren Corp reported robust performance for the Fourth Quarter and Full Year Fiscal 2025, exceeding expectations with strong revenue growth and margin expansion. In Q4 Fiscal 2025, revenue increased 8% on a reported basis (10% in constant currency), while full-year revenue rose 7% and 8% in reported and constant dollars respectively. The results were supported by healthy comparable store sales, particularly in direct-to-consumer channels, and solid improvements across key regions and operational segments.

Revenue and Sales Growth

In Q4 Fiscal 2025, reported revenue grew by 8% (10% in constant currency) with notable performance in North America, Europe, and Asia. Fiscal 2025 full-year revenue increased 7% (8% in constant currency). Global direct-to-consumer comparable store sales surged 13% in Q4 and 10% for the year, demonstrating robust pricing power and customer engagement through increased Average Unit Retail (AUR).

Margin Expansion and Operating Income

Ralph Lauren Corp delivered operating margin expansion in Q4 across all regions: North America operating margin increased to 19.1%, Europe’s to 24.9%, and Asia’s to 19.4%, each showing gains over last year. For the full fiscal year, operating income improvements were similarly solid, with North America, Europe, and Asia all exhibiting higher margins despite some foreign currency headwinds.

Regional Highlights and Product Performance

The Q4 report highlighted strong regional performance with Europe revenue up 12% (16% in constant currency), Asia up 9% (13% constant currency) and consistent momentum in North America. Product highlights such as the Ralph’s Hamptons Spring ’25 collection, a limited-edition MLB capsule, and the new Polo Play handbag collection contributed to high single-digit AUR increases and vigorous sales performance across key cities and channels.

Capital Returns and Future Outlook

The company returned a total of $625 million to shareholders through dividends and share repurchases in Fiscal 2025, with the board approving a 10% dividend increase and expanding the share repurchase program by $1.5 billion. Looking ahead to Fiscal 2026, Ralph Lauren Corp provided an initial outlook forecasting low-single digit net revenue growth on a constant currency basis, with a cautious yet optimistic view of modest operating margin expansion amid evolving global conditions.