Why This Retail Expert Likes Tapestry, Ralph Lauren, Off-Price Stores
A resilient consumer and product “newness” are driving up retail stocks. Dana Telsey, founder of Telsey Advisory Group, shares her favorite names.

Ralph Lauren Corporation is a prominent international entity primarily involved in the creation, marketing, and distribution of premium lifestyle goods across North ...
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Est. EPS $4.22 · Revenue $2.12B · 10 analysts
Est. EPS $6.88 · Revenue $2.51B · 10 analysts
Est. EPS $3.22 · Revenue $2.11B · 5 analysts
Est. EPS $18.92 · Revenue $8.69B · 9 analysts
$3.74 per share
$3.74 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $8.1B | +14.6% | -1.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $941.1M | +26.7% | +73.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +69.9% | +1.9% | +5.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +14.5% | +10.4% | +120.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +11.6% | +10.5% | +74.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $746.1M | -26.8% | +204.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +9.2% | -36.1% | +207.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 105.2% | +2.1% | +4.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.10x | +18.4% | -2.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $6.4B | -8.6% | +18.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 15.11 vs 16.33 | -7.5% | 4.28 vs 4.32 | -1.0% |
| Revenue Surprise | $8.1B vs $8.0B | +1.7% | $2.0B vs $1.9B | +5.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | Ranftl Robert P. | officer: Chief Operating Officer | Class A Common Stock | D | 2,901 | $377.81 |
| Aug 15, 2026 | Ranftl Robert P. | officer: Chief Operating Officer | Class A Common Stock | A | 2,904 | — |
| Aug 15, 2026 | Ranftl Robert P. | officer: Chief Operating Officer | Class A Common Stock | D | 913 | $387.23 |
| Aug 15, 2026 | Ranftl Robert P. | officer: Chief Operating Officer | Class A Common Stock | D | 775 | $387.23 |
| Aug 15, 2026 | Ranftl Robert P. | officer: Chief Operating Officer | Class A Common Stock | D | 567 | $387.23 |
Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Ralph Lauren First Quarter Fiscal Year 2027 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to our host, Ms. Corinna Van Ghinst. Please go ahead. Corinna Van Ghinst: Good morning. Thank you for joining Ralph Lauren's First Quarter Fiscal 2027 Conference Call. Joining me today are Patrice Louvet, the company's President and Chief Executive Officer; and Justin Picicci, Chief Financial Officer. After prepared remarks, we will open up the call for your questions, which we ask that you limit to one per caller. During today's call, our financial performance will be discussed on a constant currency adjusted basis. Our reported results, including foreign currency can be found in this morning's press release. We will also be making some forward-looking statements within the meaning of the federal securities laws, including our financial outlook. Forward-looking statements are not guarantees, and our actual results may differ materially from those expressed or implied in the forward-looking statements. Our expectations contain many risks and uncertainties. Principal risks and uncertainties that could cause our results to differ materially from our current expectations are detailed in our SEC filings. To find disclosures and reconciliations of non-GAAP measures that we use when discussing our financial results, you should refer to this morning's earnings release and to our SEC filings that can be found on our Investor Relations website. And with that, I'll turn the call over to Patrice. Patrice Louvet: Thank you, Corey. Good morning, everyone, and thank you for joining today's call. We are off to a strong start in the second year of our Next Great Chapter: Drive plan. Around the world, the core brand values that Ralph envisioned when he started this company nearly 60 years ago, authenticity, quality, timeless style are resonating powerfully across generations and geographies. And we are connecting with and engaging consumers as only Ralph Lauren can, inspiring people to step into their dream of a better life. This strengthening brand desirability across lifestyle categories, channels and regions is translating into healthy, consistent, sustainable growth and value creation for our business. In the first quarter, our top and bottom line results exceeded our expectations, supported by our diversified drivers of growth. Revenues increased 13%, including double-digit growth in both Asia and North America and mid-single-digit growth in Europe. Performance was balanced across global DTC comps and wholesale, up 12% and 13%, respectively, in constant currency. And we achieved this all while continuing to improve our quality of sales with increased full price selling and investing back into our key strategic priorities. Notably, our rolling thunder of brand activations, new AI capabilities and expanding our …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ralph Lauren | Executive Chairman & Chief Creative Officer | USD 13,799,623 | Male | 1940 | Active |
Patrice Jean Louis Louvet | President, Chief Executive Officer & Director | USD 9,554,090 | Male | 1965 | Active |
Halide Alagoz | Chief Product & Merchandising Officer | USD 3,074,313 | Female | 1972 | Active |
Robert Ranftl | Chief Operating Officer | USD 3,034,619 | Male | 1972 | Active |
David Lauren | Vice Chairman, Chief Branding & Innovation Officer and Strategic Advisor to the Chief Executive Officer | USD 2,991,346 | Male | 1972 | Active |
Justin Picicci | Chief Financial Officer | USD 2,128,500 | Male | 1979 | Active |
Avery S. Fischer | Chief Legal Officer & Secretary | — | Male | 1967 | Active |
Valeria Juarez | Senior Vice President of E-Commerce, International | — | Female | 1973 | Active |
Iris Langlois-Meurinne | Global Chief Marketing Officer | — | Female | 1976 | Active |
Katie Ioanilli | Chief Global Impact & Communications Officer | — | Female | — | Active |
Corinna Van der Ghinst | SVP, Global Head of Strategy & Investor Relations | — | Female | — | Active |
Roseann Lynch | Chief People Officer and Head of the Ralph Lauren Corporate Foundation | — | Female | — | Active |
A resilient consumer and product “newness” are driving up retail stocks. Dana Telsey, founder of Telsey Advisory Group, shares her favorite names.

Ralph Lauren (RL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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