RL · 10-Q · 2026Q2 · Full report

Macroeconomic Factors Impact

RALPH LAUREN CORP · 2026-08-06 · Importance 10 · Surprise 6

Ralph Lauren reported that inflationary pressures, relatively elevated interest rates, foreign-currency volatility, and organized labor disputes continued to affect discretionary income, consumer spending, and sentiment in the U.S. and globally during the three months ended June 27, 2026. These conditions contributed to a competitive and uncertain retail environment, with retailers in the U.S. and Europe using promotions to address elevated inventories and traffic conversion. Ongoing conflicts involving Iran and other Middle East hostilities also created uncertainty around energy and shipping routes, with potential for higher energy, freight, and transportation costs, inflation, financial-market volatility, and inventory receipt delays.