1 month ago
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Ralph Lauren exceeded expectations this third quarter, with global revenue up 11% and double-digit growth reported across all regions. The brand’s direct-to-consumer business, which now comprises two-thirds of overall sales, posted a 12% increase in comparable sales. Adjusted gross margin expanded by 190 basis points to 68.3%, driven by a 12% rise in average unit retail and a more than 500 basis point reduction in global discount rates.
“Our retail business led our performance again, delivering double-digit comp growth along with improving trends in digital,” said Patrice Louvet, president and CEO of Ralph Lauren. “DTC continues to be a leading indicator of our growing brand desirability and the power of our ecosystem model.”
In North America, revenue grew 7%, with an 8% increase in retail comps and a 6% rise in wholesale revenues, signaling a return to growth in that channel. Europe delivered a standout performance with a 16% revenue increase, while Asia saw a 15% rise, led by more than 20% growth in China.
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