Ralph Lauren closed fiscal 2026 Q4 with net revenue of $1.97bn, up 17% reported, and reported net income of $151.6m ($2.45 per share) alongside adjusted EPS of $2.80, compared to $2.27 a year earlier. For the full year, revenue reached $8.11bn, net income was $941.1m and adjusted EPS rose to $16.59, all above prior guidance.

Asia led growth with Q4 revenue of $563.6m, up 31% reported (28% constant currency), while Europe and North America generated $619.6m (+18% reported, 6% constant currency) and $762.7m (+8%) respectively. Global direct-to-consumer comparable store sales increased 17% in Q4 and full-year DTC comp sales rose 13%, driven by mid-teens average unit retail growth.

Barclays upgraded the company to an Overweight rating and increased its price target from $430 to $439, reflecting confidence in continued momentum. The stock surged 13.8% following the upgrade and robust quarterly results, marking it the top performer in the S&P 500 for the session.

Looking ahead to fiscal 2027, the company forecasts constant currency revenue growth of 4% to 5% on a 52-week basis, with operating margin expansion of 40 to 60 basis points. The 53-week year should add approximately one percentage point to top-line growth, while foreign currency is expected to be neutral to revenue and margins.