The company beat fourth-quarter earnings expectations as global growth, pricing power, and reduced promotional activity strengthened its luxury positioning.
Key Takeaways
- Ralph Lauren surpassed $8 billion in annual revenue for the first time.
- Fourth-quarter revenue rose 17% to $2 billion, with adjusted EPS beating expectations.
- Asia led regional growth with a 31% revenue increase, followed by Europe at 18% and North America at 8%.
- The company continued to raise average unit retail prices while reducing promotional activity, supporting its elevation strategy.
Ralph Lauren Corp. closed the year with a milestone performance, surpassing $8 billion in annual revenue for the first time as the company continued to strengthen its global positioning around elevated American lifestyle codes.
Fourth-quarter revenues rose 17% to $2 billion, or 12% in constant currencies, for the period ended March 28. Net income increased 17.5% to $151.6 million, while adjusted earnings per share reached $2.80, ahead of analyst expectations of $2.54, according to Yahoo Finance.
The results underscore the durability of Ralph Lauren’s current brand strategy: higher-quality growth supported by global expansion, pricing discipline, and a reduced reliance on promotions. Average unit retail prices rose in the midteens over the year, reflecting the company’s continued effort to elevate perception while reinforcing full-price selling.
Regional performance was broad-based. North America revenue rose 8% to $763 million, supported by a 16% increase in comparable store sales while wholesale remained flat. Europe advanced 18% to $620 million, or 6% in constant currencies. Asia delivered the strongest growth, rising 31% to $564 million, or 28% in constant currencies.
Patrice Louvet, Ralph Lauren’s president and chief executive officer, pointed to the company’s diversified growth engine as a key source of strength, citing multiple drivers across regions, channels, consumer groups, and categories. He also signaled a continued offensive posture despite an uncertain macroeconomic environment.
The company expects revenue for the current fiscal year to increase in the mid-single digits, centered around 4% to 5% on a 52-week comparable basis.
For a house approaching six decades in business, the performance reflects the enduring commercial power of Ralph Lauren’s brand universe. Its blend of aspiration, heritage, and lifestyle storytelling continues to travel across markets, from Olympic visibility to Lunar New Year campaigns, reinforcing the label’s ability to frame American style as both global and emotionally resonant.