Ralph Lauren二季度营收增9%至22亿美元：上调全年展望，亚洲营收增28%、中国增35%
总部位于 New York 的奢侈品公司 Ralph Lauren（NYSE: RL）11月5日公布2027财年第二季度（截至2026年9月26日）业绩：营收按报告汇率增长9%至22亿美元（固定汇率增长10%），高于市场预期；公司同时上调全年展望。
盈利方面，报告口径每股收益4.87美元、同比增长47%，净利润2.97亿美元；调整后每股收益4.64美元、同比增长22%，高于分析师预期的4.26美元，调整后净利润2.83亿美元。公司表示：「我们二季度表现强劲，得以再次上调2027财年展望。」本季度报告利润中包含8,230万美元关税退款回收。
分地区看，亚洲是增长最快的市场：营收增长28%至约5.71亿美元，其中中国营收增长35%；北美营收增长6%至8.85亿美元；欧洲营收增长1%至6.96亿美元。直营渠道平均单件零售价（AUR）提升9%，全球直营可比销售额增长10%；调整后毛利率升至70.5%。
季末公司持有现金与短期投资18亿美元、总债务12亿美元，库存同比下降9%至12亿美元。
展望方面，公司把2027财年固定汇率营收增速指引从原来的5%至6%上调至6%至7%，营业利润率改善幅度指引上调至80至100个基点；对紧接着的假日季（三季度），公司预计固定汇率营收增长约3%至4%。
Ralph Lauren Second-Quarter Revenue Rises 9% to $2.2 Billion as Company Raises Full-Year Outlook; Asia Revenue Up 28%, China Up 35%
Luxury company Ralph Lauren Corporation (NYSE: RL), headquartered in New York, reported results for the second quarter of fiscal 2027, ended September 26, 2026, on November 5: revenue rose 9% on a reported basis to $2.2 billion, up 10% in constant currency and ahead of expectations, and the company raised its full-year outlook.
On a reported basis, earnings per diluted share were $4.87, up 47% from a year earlier, with net income of $297 million. Adjusted earnings per diluted share were $4.64, up 22% and above analysts' expectations of $4.26, with adjusted net income of $283 million. "We delivered strong second quarter performance, enabling us to raise our Fiscal 2027 outlook once again," the company said. Reported profit in the quarter included $82.3 million of tariff refund recoveries.
By region, Asia was the fastest-growing market, with revenue up 28% to about $571 million, including a 35% increase in China. North America revenue rose 6% to $885 million, and Europe revenue rose 1% to $696 million. Average unit retail across the direct-to-consumer network increased 9%, global direct-to-consumer comparable sales rose 10%, and adjusted gross margin expanded to 70.5%.
The company ended the quarter with $1.8 billion in cash and short-term investments against $1.2 billion in total debt, while inventory fell 9% year over year to $1.2 billion.
For the outlook, Ralph Lauren raised its fiscal 2027 constant-currency revenue growth forecast to 6% to 7%, from 5% to 6% previously, and now expects operating margin to expand by 80 to 100 basis points. For the holiday third quarter, the company expects constant-currency revenue growth of about 3% to 4%.
来源：Ralph Lauren
发布：GSM·美国（发布链接）
图片来源：图：Ralph Lauren 位于 New York 的门店。WestportWiki 摄，CC BY-SA 3.0，经 Wikimedia Commons。 / Photo: A Ralph Lauren store in New York. By WestportWiki, CC BY-SA 3.0, via Wikimedia Commons.
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