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

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 retail (AUR) growth, favorable product mix, and lower cotton costs, more than offsetting increased U.S. tariffs and other product costs.

Operating income was $471 million, implying a 19.6% operating margin; on an adjusted basis, operating margin improved further versus last year. Elevation Strategy: Higher Prices, Less Promo Across the direct to consumer network, Ralph Lauren lifted AUR by 18% in the quarter, above internal expectations…