RL · 10-Q · 2026Q3 · Full report

Capital Return Program

RALPH LAUREN CORP · 2026-11-05 · Importance 44 · Surprise 24 · Contradicted

During the six months ended September 26, 2026, the company used $626.6 million for Class A common stock repurchases and share withholdings, including $126.6 million of share withholdings to satisfy taxes on vested stock-based compensation awards. It also made $114.4 million of dividend payments. Repurchases and dividends contributed to the decline in net cash and short-term investments to $581.8 million from $826.1 million at Fiscal 2026 year-end. The filing attributes the decline in equity to repurchase activity and dividends declared during the six-month period, partly offset by comprehensive income and stock-based compensation arrangements.

Key facts

• Ralph Lauren used $500.0 million to repurchase Class A shares under its repurchase program in the six months ended September 26, 2026, compared with $313.1 million in the prior-year period; an additional $126.6 million and $122.8 million of shares, respectively, were surrendered or withheld for taxes. source
• On May 15, 2025, Ralph Lauren's board authorized an additional $1.500 billion of Class A stock repurchases, excluding excise taxes; approximately $852 million remained available as of September 26, 2026. source
• On May 14, 2026, Ralph Lauren's board increased the quarterly cash dividend from $0.9125 to $1.00 per common share. source
• Ralph Lauren stated its intent to continue regular common-stock dividends, subject to board discretion and operating results, cash requirements, financial condition, and other relevant factors. source
• Equity decreased to $2.730 billion at September 26, 2026 from $2.841 billion at March 28, 2026, due to repurchases and dividends, partly offset by comprehensive income and stock-based compensation arrangements. source

Impact estimates