Ralph Lauren (RL) Q2 FY2027 EPS $4.87 vs $4.39 est.; raises full-year guidance

Ralph Lauren reported second-quarter fiscal 2027 diluted EPS of $4.87, up 47% year over year and well above the $4.39 consensus, as revenue rose 9% reported and 10% in constant currency with every region contributing and Asia leading. Global direct-to-consumer comparable store sales climbed 10% on balanced digital and brick-and-mortar growth, with average unit retail up 9%, while adjusted gross and operating margins expanded beyond the company's outlook on full-price demand and expense discipline. The beat-and-raise signals continued momentum in premium apparel demand heading into the holiday season despite a volatile global operating environment. Investors will watch whether the lifted outlook holds through the holiday quarter and whether margin gains persist as marketing and long-term growth investments continue.