Filing Flows › Ralph Lauren (RL) › Q2 FY27 › vs Q2 FY26
Ralph Lauren (RL) Q2 FY27 vs Q2 FY26 (year over year)
Ralph Lauren's revenue rose $183M (+9%) from $2.0B in Q2 FY26 to $2.2B in Q2 FY27. The biggest changes: Asia segment +$126M (+28%); North America segment +$53.2M (+6%); Europe segment +$7.7M (+1%). Gross margin 74.2% against 68.0% (+6.3 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 74.2% | 68.0% | +6.3 pts |
| Operating margin | 16.6% | 12.2% | +4.4 pts |
| Net margin | 13.5% | 10.3% | +3.2 pts |
| Free cash flow margin | 9.9% | -2.0% | +12.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| North America segment | $886M | $832M | $53.2M | +6% |
| Europe segment | $696M | $688M | $7.7M | +1% |
| Asia segment | $571M | $446M | $126M | +28% |
| Other Non-Reportable Segment-Related | $40.4M | $44.4M | −$4.0M | -9% |
| Revenue | $2.2B | $2.0B | $183M | +9% |
| Gross profit | $1.6B | $1.4B | $262M | +19% |
| Cost of revenue | $565M | $644M | −$78.9M | -12% |
| Operating profit | $364M | $246M | $118M | +48% |
| Operating expenses | $1.3B | $1.1B | $144M | +13% |
| Pre-tax earnings | $369M | $243M | $126M | +52% |
| SG&A | $1.2B | $1.1B | $118M | +11% |
| Other operating costs | $63.2M | $37.3M | $25.9M | +69% |
| Net earnings | $297M | $208M | $89.1M | +43% |
| Income tax | $72.6M | $35.3M | $37.3M | +106% |
| Depreciation & amortization | $60.4M | $57.0M | $3.4M | +6% |
| Share-based compensation | $38.3M | $39.4M | −$1.1M | -3% |
| Working capital & other | $116M | $251M | −$134M | -54% |
| Operating cash flow | $279M | $53.2M | $226M | +424% |
| Free cash flow (OCF − capex) | $218M | −$40.6M | $259M | — |
| Capital expenditures | $60.8M | $93.8M | −$33.0M | -35% |
Questions
How much did Ralph Lauren's revenue grow year over year in Q2 FY27?
Ralph Lauren's revenue rose $183M (+9%) from $2.0B in Q2 FY26 to $2.2B in Q2 FY27.
What drove Ralph Lauren's revenue change in Q2 FY27?
Asia segment +$126M (+28%); North America segment +$53.2M (+6%); Europe segment +$7.7M (+1%).