Ralph Lauren Corporation: FY4Q26 Review: Breaking $8B

研报英文原文证据摘录

Ralph Lauren Corporation: FY4Q26 Review: Breaking $8B

Equity Research

U.S. Specialty Retail, Apparel & Footwear

21 May 2026

Ralph Lauren Corporation

FY4Q26 Review: Breaking $8B

RL's FY4Q26 constant currency revenue growth of +12%

handily beat consensus of +5.7% as all regions outperformed.

Guidance for FY27 was prudently conservative and appears RL OVERWEIGHT Unchanged

well-shaped, with FY1Q27 expected to see +MSD to +HSD U.S. Specialty Retail, POSITIVE

growth as strong trends have continued, followed by a Apparel & Footwear Unchanged

FY2H27 moderation. Price Target USD 439.00

raised 2% from USD 430.00

Price (20-May-26) USD 329.24

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hand investable intelligence on the pulse of global trade, oil shock impact, macro demand, and

supply chain disruption. Market Cap (USD mn) 19931

Shares Outstanding (mn) 60.54Breaking $8B. Crossing the $8 billion sales barrier - while also expanding margins and

Free Float (%) 97.06maintaining brand heat - strengthens the argument that CEO Patrice Louvet has transformed RL

52 Wk Avg Daily Volume (mn) 0.6into a durable, global luxury lifestyle compounder rather just a cyclical apparel company. This is

Dividend Yield (%) 1.11significant as RL has achieved this milestone target earlier than expected, and more importantly

Return on Equity TTM (%) 33.85during a difficult macro environment where many luxury companies are struggling. RL delivered

Current BVPS (USD) 47.66strong FY4Q26 results, which handily beat on sales and GM, driving EPS of $2.80 (consensus

Source: Bloomberg

$2.54).