Ralph Lauren Exceeds Q3 Revenue Expectations, Raises FY26 Outlook

Ralph Lauren reported a 12% YoY increase in net revenue to $2.4bn in Q3, exceeding its prior expectations. The company's gross profit reached $1.7bn, with a margin of 69.9%, up 150 basis points from last year. Operating income increased to $471.3m from $389.7m, and net income was $362m, up from $297m last year. Ralph Lauren now expects FY26 revenues to grow by high-single to low-double digits on a constant currency basis, compared to its earlier guidance of a 5-7% increase.