RL · 10-Q · 2026Q2 · Full report

Strategic Transformation Project

RALPH LAUREN CORP · 2026-08-06 · Importance 34 · Surprise 42

The multi-year Next Generation Transformation project is redesigning end-to-end processes and implementing global technology systems to support Ralph Lauren's direct-to-consumer strategy. Current workstreams include global enterprise-resource-planning design templates, distribution-center automation, merchandise-allocation tools, and long-range demand-planning tools. These initiatives are intended to improve processes, create operating synergies, optimize inventory levels, and increase the speed of response to changing consumer demand across markets.

Key facts

• The Company began the Next Generation Transformation project during its fiscal year ended March 30, 2024; the project is multi-year, will span the next several years, and implementation will occur in phases by region and/or capability. source
• Other charges incurred in connection with the Next Generation Transformation project: $20.8 million during the three months ended June 27, 2026 and $11.0 million during the three months ended June 28, 2025. source
• Charges recorded within restructuring and other charges, net related to the NGT project were $20.8 million and $11.0 million for the three-month periods ended June 27, 2026 and June 28, 2025, respectively. source