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RL

Ralph Lauren Corporation

RL

Ralph Lauren Corporation • NYSE
$367.33 ▼ -1.05% (-3.89)
Market Cap $22.28 B
52w High $374.00
52w Low $176.61
Dividend Yield 3.48%
P/E 27.17
Volume 328.64K
Outstanding Shares 60.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $2.011B ▲ $1.121B ▲ $207.5M ▼ 10.32% ▼ $3.4 ▼ $301.1M ▼
Q1-2026 $1.719B ▲ $968.7M ▼ $220.4M ▲ 12.821% ▲ $3.61 ▲ $345M ▲
Q4-2025 $1.697B ▼ $1.01B ▼ $129M ▼ 7.6% ▼ $2.07 ▼ $227.5M ▼
Q3-2025 $2.143B ▲ $1.076B ▲ $297.4M ▲ 13.875% ▲ $4.76 ▲ $449.6M ▲
Q2-2025 $1.726B $976.8M $147.9M 8.569% $2.36 $255.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.645B ▼ $7.348B ▼ $4.766B ▼ $2.582B ▲
Q1-2026 $2.277B ▲ $7.752B ▲ $5.236B ▲ $2.515B ▼
Q4-2025 $2.083B ▼ $7.047B ▼ $4.459B ▼ $2.588B ▲
Q3-2025 $2.143B ▲ $7.081B ▲ $4.542B ▲ $2.539B ▲
Q2-2025 $1.69B $6.8B $4.358B $2.442B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $207.5M ▼ $53.2M ▼ $-111.5M ▲ $-573.3M ▼ $-647.4M ▼ $-40.6M ▼
Q1-2026 $220.4M ▲ $176.1M ▲ $-198.3M ▼ $114.1M ▲ $166.3M ▲ $-11.2M ▼
Q4-2025 $129M ▼ $122.2M ▼ $-39.7M ▼ $-132.8M ▼ $-17.6M ▼ $42.3M ▼
Q3-2025 $297.4M ▲ $738.4M ▲ $55.4M ▲ $-131.3M ▲ $584.8M ▲ $677.2M ▲
Q2-2025 $147.9M $97.2M $-192.2M $-186.3M $-231.4M $55.5M

Revenue by Products

Product Q4-2020Q1-2021Q2-2021Q2-2026
Licensing Agreements
Licensing Agreements
 $0 ▲$0 ▲$0 ▲$40.00M ▲
Other NonReportable SegmentRelated
Other NonReportable SegmentRelated
 $80.00M ▲$30.00M ▼$50.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Ralph Lauren’s income picture over the past several years shows a clear recovery and then solid growth. Sales have risen steadily, while profit margins have improved meaningfully from a loss a few years ago to healthy profitability today. The company appears to be managing pricing and discounting better, with gross profit growing faster than sales, suggesting stronger brand power and better inventory control. Operating profit and net profit have both moved from barely break-even to comfortably positive, indicating tighter cost discipline and more efficient operations. Overall, the income statement reflects a mature brand that has successfully reset after a difficult period and is now in a more stable, profitable phase, though still exposed to fashion cycles and shifts in discretionary spending.

Balance Sheet

Balance Sheet The balance sheet looks balanced and relatively conservative for a fashion company. Total assets have been fairly stable, which implies controlled growth rather than aggressive expansion. Cash levels are solid, providing a cushion against retail volatility and giving management flexibility for investment or shareholder returns. Debt has gradually trended lower from earlier years, easing financial risk and interest burden, while equity has remained steady, showing that the capital base is not being heavily diluted or eroded. There is no sign of a stretched balance sheet, but the company still carries a meaningful amount of debt, which will always require careful management in a cyclical, style-driven industry.

Cash Flow

Cash Flow Cash generation has strengthened notably. Operating cash flow has grown consistently, outpacing the improvement seen in accounting earnings, which suggests profits are largely backed by real cash rather than just paper gains. Free cash flow is firmly positive and has improved over time, even after funding a modest but rising level of investment in stores, technology, and infrastructure. Capital spending appears disciplined rather than excessive, allowing the company to invest in its strategy while still leaving room for debt reduction, dividends, or buybacks if desired. Overall, cash flow quality looks like a key strength, providing resilience during downturns and fuel for future initiatives.

Competitive Edge

Competitive Edge Ralph Lauren benefits from a powerful, long-established brand built around an aspirational lifestyle rather than just clothing. Its image of classic, upscale American style gives it pricing power and customer loyalty that many mid-tier fashion brands lack. The company participates across multiple categories—apparel, accessories, home, and even hospitality—allowing it to surround customers with a full brand “world,” which deepens engagement and supports premium positioning. Flagship stores, branded restaurants, and coffee concepts turn shopping into an experience, not just a transaction. Strong execution in omnichannel retail—where stores, e-commerce, and clienteling tools work together—helps it compete effectively with both luxury peers and digital-native brands. The main ongoing risks are fashion relevance, dependence on brand perception, and exposure to economic downturns that can hit discretionary spending.

Innovation and R&D

Innovation and R&D Innovation at Ralph Lauren is centered on digital, data, and experience rather than traditional lab-style R&D. The company is weaving technology into almost every part of its model: using artificial intelligence for planning and pricing, giving every product a digital identity for supply-chain visibility and authenticity, and building virtual store experiences that mirror iconic flagships online. The “Ask Ralph” generative AI tool is a notable move into personalized styling and recommendation, turning digital channels into something closer to a luxury sales associate. Personalization efforts like on-demand coloring and custom garments are both a differentiation lever and a sustainability play, aiming to reduce waste. Alongside this, the brand is rolling out a broad tech modernization program and embedding sustainability under its “Timeless by Design” umbrella. The innovation agenda looks ambitious and well-aligned with the brand, but execution complexity is high and benefits may take time to fully show up in financials.

Summary

Ralph Lauren today looks like a mature, premium brand that has worked through a difficult period and emerged with stronger profitability, healthier cash flows, and a more focused strategy. The income statement points to improved margins and earnings, the balance sheet shows reasonable leverage and solid liquidity, and cash generation appears to be a real strength. Competitively, the company leans on a powerful lifestyle brand, experiential retail, and a diversified product and category mix that goes beyond simple apparel. Its strategic plan through the next few years emphasizes brand elevation, key city focus, and digital and data-led growth, with sustainability threaded through these priorities. The key opportunities lie in further monetizing its brand strength globally and executing on its digital and AI initiatives; the key risks are fashion and macro cycles, brand fatigue if mismanaged, and the operational complexity of transforming a legacy luxury business at scale.

NEWS

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