Filing Flows › Ralph Lauren (RL) › Q2 FY27 › vs Q1 FY27
Ralph Lauren (RL) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Ralph Lauren's revenue rose $234M (+12%) from $2.0B in Q1 FY27 to $2.2B in Q2 FY27. The biggest changes: North America segment +$145M (+20%); Europe segment +$102M (+17%); Asia segment −$18.0M (-3%). Gross margin 74.2% against 73.7% (+0.5 pts).
Ralph Lauren, Q2 FY27: revenue $2.2B (+9% year over year), operating margin 16.6%, net earnings $297M, operating cash flow $279M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 74.2% | 73.7% | +0.5 pts |
| Operating margin | 16.6% | 17.5% | -0.9 pts |
| Net margin | 13.5% | 13.4% | +0.1 pts |
| Free cash flow margin | 9.9% | 14.6% | -4.6 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| North America segment | $886M | $740M | $145M | +20% |
| Europe segment | $696M | $594M | $102M | +17% |
| Asia segment | $571M | $589M | −$18.0M | -3% |
| Other Non-Reportable Segment-Related | $40.4M | $35.8M | $4.6M | +13% |
| Revenue | $2.2B | $2.0B | $234M | +12% |
| Gross profit | $1.6B | $1.4B | $184M | +13% |
| Cost of revenue | $565M | $516M | $49.8M | +10% |
| Operating profit | $364M | $342M | $21.3M | +6% |
| Operating expenses | $1.3B | $1.1B | $162M | +15% |
| Pre-tax earnings | $369M | $342M | $27.0M | +8% |
| SG&A | $1.2B | $1.1B | $124M | +12% |
| Other operating costs | $63.2M | $24.8M | $38.4M | +155% |
| Net earnings | $297M | $262M | $34.4M | +13% |
| Income tax | $72.6M | $80.0M | −$7.4M | -9% |
| Depreciation & amortization | $60.4M | $58.9M | $1.5M | +3% |
| Share-based compensation | $38.3M | $26.0M | $12.3M | +47% |
| Working capital & other | $116M | $7.8M | $109M | 15× |
| Operating cash flow | $279M | $339M | −$60.4M | -18% |
| Free cash flow (OCF − capex) | $218M | $286M | −$67.8M | -24% |
| Capital expenditures | $60.8M | $53.4M | $7.4M | +14% |
Questions
How much did Ralph Lauren's revenue grow quarter over quarter in Q2 FY27?
Ralph Lauren's revenue rose $234M (+12%) from $2.0B in Q1 FY27 to $2.2B in Q2 FY27.
What drove Ralph Lauren's revenue change in Q2 FY27?
North America segment +$145M (+20%); Europe segment +$102M (+17%); Asia segment −$18.0M (-3%).