RL · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

RALPH LAUREN CORP · 2026-08-06 · Importance 61 · Surprise 66

Restructuring and other charges increased $5.5 million, or 28.7%, to $24.8 million for the quarter ended June 27, 2026. The charges included $3.0 million of severance and benefits costs and $20.8 million for the Next Generation Transformation project, compared with $6.4 million and $11.0 million, respectively, in the prior-year quarter. The NGT project is a multiyear global transformation focused on enterprise systems, distribution-center automation, merchandise allocation, and long-range demand planning.

Key facts

• Total restructuring and other charges, net for the three months ended June 27, 2026: $(24.8) million; for the three months ended June 28, 2025: $(19.3) million. source
• Net restructuring-related charges and certain other charges (benefits) totaled $23.5 million for the three months ended June 27, 2026 and $19.3 million for the three months ended June 28, 2025, which reduced net income after-tax by $18.8 million (or $0.31 per diluted share) and $15.4 million (or $0.25 per diluted share), respectively. source
• Restructuring net charges included net restructuring charges of $3.0 million for the three months ended June 27, 2026 and $6.4 million for the three months ended June 28, 2025, associated with severance and benefits costs. source
• Operating results during the three months ended June 27, 2026 were negatively impacted by net restructuring-related charges and certain other charges totaling $23.5 million. source
• Net income per diluted share for the three months ended June 27, 2026 was negatively impacted by $0.31 per share attributable to net restructuring-related charges and certain other charges (benefits). source
• Net income per diluted share for the three months ended June 28, 2025 was negatively impacted by $0.25 per share attributable to net restructuring-related charges and certain other charges (benefits). source