RL · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

RALPH LAUREN CORP · 2026-08-06 · Importance 54 · Surprise 40 · In source text

Cash and cash equivalents declined $269.0 million to $1.719 billion as of June 27, 2026, while short-term investments increased $145.6 million to $222.6 million. Net cash and short-term investments decreased $123.9 million to $702.2 million from March 28, 2026. Total cash, cash equivalents, and short-term investments were $1.942 billion, including $1.593 billion held by subsidiaries outside the United States. Operating cash flow of $339.3 million partly offset $325.1 million of share repurchases, $54.8 million of dividends, and $53.4 million of capital expenditures.

Key facts

• Use of cash during the three months ended June 27, 2026 included: Class A common stock repurchases of $325.1 million (including $75.1 million of share withholdings for taxes), dividend payments of $54.8 million, and capital expenditures of $53.4 million; unfavorable exchange rate effects of $16.5 million; partly offset by operating cash flows of $339.3 million. source
• Cash and cash equivalents as of June 27, 2026: $1,719.0 million. source
• Equity as of June 27, 2026: $2,721.6 million. source
• As of June 27, 2026, the company had $1.942 billion in cash, cash equivalents, and short-term investments. source
• $1.593 billion of cash, cash equivalents, and short-term investments were held by subsidiaries domiciled outside the U.S. as of June 27, 2026. source
• Net (decrease) increase in cash, cash equivalents, and restricted cash for the three months ended June 27, 2026: $(268.3) million; for the three months ended June 28, 2025: $168.0 million; change: $(436.3) million. source
• The company had $1.719 billion of cash and cash equivalents on-hand as of June 27, 2026, consisting of deposits in interest bearing accounts, investments in money market deposit accounts, and investments in time deposits with original maturities of 90 days or less. source
• The decrease in net cash and short-term investments of $123.9 million was primarily due to Class A common stock repurchases of $325.1 million, including $75.1 million of share withholdings for taxes, dividend payments of $54.8 million, capital expenditures of $53.4 million, and unfavorable exchange rate changes of $16.5 million, partly offset by operating cash flows of $339.3 million. source

Impact estimates