Ralph Lauren raises revenue outlook after strong Q1 growth

Ralph Lauren announced that first‑quarter fiscal 2027 sales rose 13% year‑on‑year to $2 billion, surpassing analyst expectations. The company lifted its full‑year revenue growth forecast to 5‑6% from the prior 4‑5% range. CEO Patrice Louvet said the results reflect broad performance across geographies, noting especially strong demand in North America and a 40% sales jump in China. The brand also opened its first flagship store in Chengdu and added 21 new stores worldwide, while direct‑to‑consumer sales grew 12% and wholesale rose 13%.

CFO Justin Picicci reported that European store traffic was pressured by macro conditions, but conversion rates and basket sizes improved. Market reaction was positive, with Ralph Lauren’s shares climbing roughly 20% after the earnings release, despite a modest pre‑market dip noted in some reports.