HighGravityDataRalph Lauren — May 22, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001037038-25-000010
Showing in the filing
Net Revenue Growth
“approximately low-single digits to last year on a constant currency basis, with growth weighted to the first half of the fiscal year”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 21
Dividend Increase for FY2026
“10% increase in the regular quarterly cash dividend”
Regular quarterly cash dividend
“10% increase”
New Quarterly Cash Dividend
“$0.9125 per share”
Quarterly cash dividend
“$0.9125 per share”
Total annual dividend amount for FY2025
“$3.65 per share”
Next Quarterly Dividend Payment for Q1 FY2026
“expected to be paid on July 11, 2025”
Next quarterly dividend
“expected to be paid on July 11, 2025 to shareholders of record at the close of business on June 27, 2025”
New Share Repurchase Program Authorization for the long term
“$1.5 billion”
Stock repurchase program
“$1.5 billion”
Net Revenue Growth for FY2026
“approximately low-single digits to last year on a constant currency basis, with growth weighted to the first half of the fiscal year”
Gross margin for FY2026
“approximately flat in constant currency”
Foreign Currency Impact on Revenue and Gross… for FY2026
“expected to have a relatively minimal impact”
Revenues for Q1 FY2026
“increase approximately high-single digits to last year on a constant currency basis”
Net Revenue Growth for Q1 FY2026
“approximately high-single digits to last year on a constant currency basis”
Operating margin for Q1 FY2026
“expand approximately 150 to 200 basis points in constant currency”
Operating Margin Expansion for Q1 FY2026
“approximately 150 to 200 basis points in constant currency”
Foreign Currency Impact on Revenue and Gross… for Q1 FY2026
“expected to have a roughly minimal impact”
Fiscal 2026 tax rate for FY2026
“in the range of 20% to 22%”
Effective Tax Rate for Q1 FY2026
“expected to be approximately 20% to 21%”
Of Fiscal 2026 tax rate for Q1 FY2026
“approximately 20% to 21%”
Capital expenditures for FY2026
“approximately 4% to 5% of revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
Given the high level of volatility in the current operating environment, this outlook is considered preliminary and subject to change as a result of ongoing trade developments and other considerations. For Fiscal 2026 , the Company expects revenues to increase approximately low-single digits to last year on a constant currency basis, with growth weighted to the first half of the fiscal year. The Company expects operating margin for Fiscal 2026 to expand modestly in constant currency, driven primarily by operating expense leverage. Based on the Company's current assessment of tariff rates, g ross margin is expected to be approximately flat in constant currency, with AUR growth, reduced cotton costs and favorable geographic and channel mix offsetting the negative impact of increased tariffs and non-cotton material costs. Based on current exchange rates, foreign currency is expected to have a relatively minimal impact on revenue and gross and operating margins in Fiscal 2026. For the first quarter, the Company expects revenues to increase approximately high-single digits to last year on a constant currency basis. Operating margin for the first quarter is expected to expand approximately 150 to 200 basis points in constant currency, driven primarily by gross margin expansion as well as modest operating expense leverage. Foreign currency is expected to have a roughly minimal impact on revenue and gross and operating margins in the first quarter. The full year Fiscal 2026 tax rate is expected to be in the range of 20% to 22%, assuming a continuation of current tax laws. Fi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.