Ralph Lauren Corporation (RL) Q3 2026 (USD): EPS 5.82 (exp. 5.80), Revenue 2.4bln (exp. 2.31bln). Raises FY outlook

• Expects revenue to increase high-single to low-double digits (prev. 5-7%).
• Expects OM to expand c. 100-140bps (prev. 60-80bps)
• Maintains CapEx view of c. 4-5% of revenue.

• Revenue to increase mid-single digits.
• OM to contract c. 80-120bps, due to increase in US tariffs and higher marketing spend.

Ralph Lauren's Q3 earnings slightly beat expectations on both EPS and revenue, signaling stronger performance in the apparel sector. The raised FY26 guidance indicates a positive outlook, suggesting confidence in growth despite challenges like higher tariffs. However, anticipated margin contraction in Q4 due to increased costs will be closely watched for its impact on profitability.