Ralph Lauren’s Holiday Quarter Surges With 12% Sales Jump

Ralph Lauren delivered a standout holiday quarter, beating expectations with double digit top line growth and fatter margins, then raised its full year outlook on the back of strong demand across North America, Europe, and Asia. Even with higher U.S. tariffs and stepped up marketing spend, the company expanded both gross and operating margin, leaning on higher prices, full price sell through and tight cost control.

Q3 Fiscal 2026 Headline Numbers

For the third quarter of fiscal 2026, net revenues rose 12% on a reported basis and 10% in constant currency, ahead of guidance and Street forecasts around $2.3 billion. Global direct to consumer comparable store sales grew high single digits, driven by balanced growth across stores and digital, while global wholesale sales increased double digits.

Gross profit reached $1.7 billion, with a gross margin of 69.9%, up 150 basis points year on year, supported by high teens average unit…