Fashion
US’ Ralph Lauren posts 14% revenue surge in Q1 FY26, ups outlook
The company’s earnings per diluted share was $3.52, up 35 per cent year-over-year (YoY) on a reported basis, and $3.77, up 40 per cent on an adjusted basis.
Ralph Lauren has reported a 14 per cent YoY rise in its revenue to $1.7 billion in Q1 FY26, with net income at $220 million and adjusted EPS up 40 per cent to $3.77.
The growth was led by Asia, Europe, and North America.
Strong DTC sales, margin expansion, and new store openings boosted performance.
The company raised its full-year outlook while maintaining a cautious global outlook.
The net income for the quarter reached $220 million on a reported basis and $236 million on an adjusted basis. The gross profit stood at $1.2 billion, with a gross margin of 72.3 per cent, up 180 basis points (bps) from the prior year, aided by higher average unit retail (AUR), favourable product and geographic mix, and lower cotton costs. AUR rose 14 per cent across the company’s direct-to-consumer (DTC) network, Ralph Lauren said in a press release.
The operating income totalled $274 million (15.9 per cent margin) on a reported basis, and $293 million (17 per cent margin) on an adjusted basis. Operating margins improved across all key regions, with Asia leading at 30.7 per cent, Europe at 26.4 per cent, and North America at 20.7 per cent.
The company also reported continued progress on its brand-building initiatives. Ralph Lauren acquired 1.4 million new DTC customers in Q1 and reached nearly 66 million social media followers. The quarter featured high-impact events such as the brand’s first-ever fashion show in Shanghai, the MLB World Tour Tokyo Series activations, and a Spring ’26 runway show in Milan.
“What we stand for—aspiration, optimism, individuality and authenticity—inspires people in every corner of the world,” said Ralph Lauren, executive chairman and chief creative officer at the company. “And we are bringing these values to life and inviting people to step into their dreams in new and powerful ways—from our first-ever fashion presentation in Shanghai this April to our MLB World Tour Tokyo Series activations and our Women’s Polo presentation in Paris.”
The company ended the quarter with $2.3 billion in cash and short-term investments and $1.6 billion in total debt. Inventory levels rose 18 per cent to $1.2 billion. Ralph Lauren also repurchased approximately $250 million worth of Class A common stock during the quarter.
“We delivered strong first quarter results across geographies, channels and consumer segments,” said Patrice Louvet, president and chief executive officer (CEO) at Ralph Lauren. “While we continue to approach the current global operating environment with prudence, we are encouraged by the broad-based strength in our brand and our businesses as we execute on our long-term strategic priorities—including recruiting new and younger consumers, strengthening our core and high-potential categories, and developing our key city ecosystems in each region.”
Looking ahead, the company raised its FY26 guidance. It now expects revenue to increase in the low-to-mid-single digits in constant currency, with foreign exchange expected to provide a 150 to 200 basis point benefit. The operating margin is projected to expand 40 to 60 bps in constant currency, with additional FX benefits.
For the second quarter (Q2), the revenue is expected to grow by high single digits in constant currency, with operating margin expansion of 120 to 160 bps. The company anticipates a tax rate of approximately 19 to 20 per cent for the full year, and 15 to 17 per cent for the second quarter. Capital expenditure for FY26 remains estimated at 4 to 5 per cent of revenue.
Fibre2Fashion News Desk (SG)
Economic momentum remained strong at the end of 2025, with real GDP expanding 8.4 per cent year on year (YoY) in the fourth quarter, the fastest pace in several years. Growth was driven by robust export-oriented industrial production. Credit growth surged to 19.4 per cent YoY by December, well above deposit growth of 14 per cent, SBV said in a release.
Vietnam’s interbank rates, which rose sharply in late 2025, are expected to ease in 2026 as credit growth and economic momentum cool.
GDP expanded 8.4 per cent year on year in Q4, while credit growth of 19.4 per cent outpaced deposits.
Despite a strong 2025, US tariff risks remain.
The SBV is likely to keep rates steady while targeting slower credit growth.
While Vietnam enters 2026 on a positive footing after achieving an estimated 8 per cent growth in 2025, external risks remain significant for the export-driven economy. Goods exports to the US, which account for around 30 per cent of the total, face the lagged impact of 20 per cent reciprocal tariffs, uncertainty over transshipment duties, and the risk of additional sectoral measures, including possible semiconductor levies.
Monetary authorities have signalled a cautious policy stance for 2026 despite an official GDP growth target of 10 per cent, which analysts view as difficult to achieve. Growth is expected to moderate to around 6.5 per cent, while the SBV has set a lower credit growth target of 15 per cent to limit overheating and resource misallocation risks.
The refinancing rate is expected to remain unchanged at 4.50 per cent, though the possibility of an unexpected rate hike cannot be ruled out if liquidity strains persist.
Fibre2Fashion News Desk (HU)
Published
January 16, 2026
Moncler and Rick Owens have unveiled their first-ever summer collection, expanding their ongoing collaboration with a warm-weather offering inspired by Berlin’s brutalist architecture and Moncler’s outdoor expertise.
Designed as a lightweight, warm-weather uniform, the collection reflects Rick Owens’ vision of where nature and city meet, described by Owens’ as “brucolic.”
Notably, as part of the Spring/Summer 2026 lineup, kilt-style shorts and slinky, asymmetric jersey skirts are paired with tonal hiking socks and Trailgrip Megalace sneakers, reinforcing the collection’s emphasis on movement and adaptability. The color palette is characterized by black, dark dust, vintage olive, and a bold carnelian red, which appears for the first time in this season’s collaboration.
Other collection highlights include quilting and graphic embroidery, lightweight outerwear in leather and nylon, as well as summery windbreakers and relaxed jerseys that play with proportion and silhouette. Consistent with the designer’s ethos, the collection embraces gender-neutral styling across relaxed bombers and nipped-in, cropped styles, with exaggerated shoulders. Completing the collection are accessories including sunglasses, quilted bucket hats, caps, and waistbags.
The collection launches with a series of intimate images shot by Juergen Teller, featuring Rick Owens and his wife and longtime muse Michèle Lamy, alongside Teller himself and his wife and creative partner Dovile Drizyte. The candid photographs capture moments of affection, reinforcing themes of love, passion, and human connection.
The collection is now available online, as well as in selected Moncler boutiques, Rick Owens flagship stores, and select retailers worldwide.
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