Ralph Lauren Fiscal Q1 2027 Earnings: Revenue Rises 14% as Margins Expand

Ralph Lauren’s fiscal Q1 2027 revenue rose 14% to $2.0 billion, while GAAP diluted EPS increased 22% to $4.28. Adjusted operating margin expanded 170 basis points to 18.7%, supported by 15% growth in average unit retail, full-price demand, and favorable channel and geographic mix despite tariff and product-cost pressure. Asia led the regions with 24% reported revenue growth, while North America increased 13%. The company raised its full-year constant-currency revenue outlook to 5%-6% and now expects 60-80 basis points of constant-currency operating-margin expansion.