RL · 8-K · 20260806PR053896

Income Tax Rate Changes

RALPH LAUREN CORP · 2026-08-06 · Importance 46 · Surprise 56 · In source text

The reported and adjusted effective tax rate increased to approximately 23% in the first quarter of Fiscal 2027 from approximately 21% in the prior-year period. Reported income tax provision increased to $80.0 million from $57.6 million as pretax income rose to $342.2 million from $278.0 million. The increase in the effective tax rate was driven primarily by the absence of favorable discrete tax benefits realized in the prior year. Full-year Fiscal 2027 tax guidance remains approximately 21% to 22%, while second-quarter guidance is approximately 19% to 20%.

Key facts

• Company's full year Fiscal 2027 tax rate expected to be approximately 21% to 22%; second quarter tax rate expected to be approximately 19% to 20%. source
• Effective tax rate in Q1 FY2027 was approximately 23% on both reported and adjusted basis; prior year Q1 effective tax rate was approximately 21%. source

Impact estimates