RL · 10-Q · 2026Q2 · Full report

Capital Return Program

RALPH LAUREN CORP · 2026-08-06 · Importance 64 · Surprise 42 · From source text

Ralph Lauren used $325.1 million for Class A common stock repurchases during the three months ended June 27, 2026, including $75.1 million of shares withheld to satisfy taxes on vested stock-based compensation awards. The May 15, 2025 authorization permits an additional $1.500 billion of repurchases, excluding related excise taxes. Approximately $1.102 billion remained available under the program as of June 27, 2026. Repurchases reduced weighted-average diluted shares outstanding and contributed to the increase in diluted earnings per share to $4.28 from $3.52.

Key facts

• On May 15, 2025 the Board approved expansion of the common stock repurchase program to allow repurchases of up to an additional $1.500 billion of Class A common stock. source
• As of June 27, 2026, remaining availability under the common stock repurchase program was approximately $1.102 billion. source
• Class A common stock repurchases during the period: $325.1 million. source
• Net cash used in financing activities for three months ended June 27, 2026: $(387.0) million; net cash provided by financing activities for three months ended June 28, 2025: $114.1 million; change: $(501.1) million. source
• Equity decreased to $2.722 billion as of June 27, 2026 from $2.841 billion as of March 28, 2026 due to share repurchase activity and dividends declared, partly offset by comprehensive income and stock-based compensation. source
• The $0.76 per share increase in net income per diluted share was primarily driven by the higher level of net income and lower weighted-average diluted shares outstanding driven by share repurchases during the last twelve months. source

Impact estimates