Filing Flows › Ralph Lauren (RL) › Q2 FY27
Ralph Lauren (RL) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Ralph Lauren (RL) reported revenue of $2.2B for the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier and +12% from the quarter before. Operating margin was 16.6%, net earnings $297M (13.5% of revenue).
Ralph Lauren, Q2 FY27: revenue $2.2B (+9% year over year), operating margin 16.6%, net earnings $297M, operating cash flow $279M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +12% | +9% |
| Gross profit | $1.6B | +13% | +19% |
| Operating profit | $364M | +6% | +48% |
| Net earnings | $297M | +13% | +43% |
| Operating cash flow | $279M | -18% | +424% |
| Free cash flow | $218M | -24% | — |
What changed
Revenue was $2.2B in Q2 FY27, up 9% year over year and up 12% from the previous quarter. North America segment was the largest line at 40% of revenue. Asia segment added $0.13B year over year (up 28%), 69% of the total change. Other Non-Reportable Segment-Related declined 9%.
Gross margin was 74.2%, up 6.3 points from Q2 FY26. Operating profit was $0.36B, a 16.6% margin (up 4.4 points year over year). Of the extra revenue versus Q2 FY26, 65% reached operating profit, above the 12% margin then. Operating expenses grew 13% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+69%). Net earnings were $0.30B, up 43% year over year. The effective tax rate was 19.7%.
Operating cash flow was $0.28B (up 424% year over year), 94% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.06B left free cash flow of $0.22B.
Questions
What was Ralph Lauren's revenue in the second quarter fiscal 2027?
Ralph Lauren (RL) reported revenue of $2.2B for the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier and +12% from the quarter before.
Was Ralph Lauren profitable in the second quarter fiscal 2027?
Operating profit was $364M (16.6% of revenue) and net earnings $297M.
Source: Ralph Lauren 10-Q on SEC EDGAR.