Ralph Lauren Sees 2025 Gains, Warns on 2026

Ralph Lauren posted strong fiscal Q4 and full-year 2025 results, with revenue rising 8% to $1.7 billion and adjusted earnings per share increasing to $2.27 from $1.71 a year earlier. The company achieved record international growth, notably in Europe and Asia, as China’s revenue surged over 20% and global direct-to-consumer comparable sales climbed 13%. Higher pricing, a favorable product mix, and lower cotton costs contributed to improved margins. Despite these gains, Ralph Lauren expects fiscal 2026 revenue growth to slow to low single digits due to tariffs, inflation, and weak consumer confidence. The Board approved a 10% dividend increase and a $1.5 billion share buyback. Management is implementing supply chain diversification and pricing strategies to address ongoing macroeconomic challenges.