Filing Flows › Ralph Lauren (RL) › Q1 FY27
Ralph Lauren (RL) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 6, 2026
Ralph Lauren (RL) reported revenue of $2.0B for the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier and -1% from the quarter before. Operating margin was 17.5%, net earnings $262M (13.4% of revenue).
Ralph Lauren, Q1 FY27: revenue $2.0B (+14% year over year), operating margin 17.5%, net earnings $262M, operating cash flow $339M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -1% | +14% |
| Gross profit | $1.4B | +5% | +16% |
| Operating profit | $342M | +82% | +25% |
| Net earnings | $262M | +73% | +19% |
| Operating cash flow | $339M | +134% | +93% |
| Free cash flow | $286M | — | — |
What changed
Revenue was $2.0B in Q1 FY27, up 14% year over year and down 1% from the previous quarter. North America segment was the largest line at 38% of revenue. Asia segment added $0.12B year over year (up 24%), 48% of the total change.
Gross margin was 73.7%, up 1.4 points from Q1 FY26. Operating profit was $0.34B, a 17.5% margin (up 1.6 points year over year). Of the extra revenue versus Q1 FY26, 29% reached operating profit, above the 16% margin then. Operating expenses grew 14% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $0.26B, up 19% year over year. The effective tax rate was 23.4%.
Operating cash flow was $0.34B (up 93% year over year), 129% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.05B left free cash flow of $0.29B.
Questions
What was Ralph Lauren's revenue in the first quarter fiscal 2027?
Ralph Lauren (RL) reported revenue of $2.0B for the first quarter fiscal 2027 (Q1 FY27), +14% from a year earlier and -1% from the quarter before.
Was Ralph Lauren profitable in the first quarter fiscal 2027?
Operating profit was $342M (17.5% of revenue) and net earnings $262M.
Source: Ralph Lauren 10-Q on SEC EDGAR.