17:I[87134,["/_next/static/chunks/abf43a076ddbd945.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/5ac73fe2b25fc6c9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/92bdbfeca3f655f7.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/733be0453bf96ece.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/27718c319dd13e9b.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/34c922b381f458e9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/c85eefbddd563073.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA"],"default"] 18:T530,

(RTTNews) - Thursday, Ralph Lauren Corporation (RL) released its financial results for the first quarter of fiscal 2027.

Net income for the quarter reached $262.2 million, or $4.28 per share, up from $220.4 million, or $3.52 per share, in the prior year.

On an adjusted basis, net income totaled $281 million, or $4.59 per share, versus $236 million, or $3.77 per share, in the year-ago quarter.

Net revenues climbed to $1,959.8 million from last year's $1,719.1 million.

In the first quarter, the company reported an effective tax rate of about 23% on both a reported and adjusted basis, in line with its expectations. This was higher than the 21% tax rate recorded in the same period last year.

For fiscal 2027, the company now expects constant currency revenue to grow by about 5% to 6% compared with last year on a comparable 52-week basis. The improved outlook reflects stronger-than-expected first-quarter results.

Meanwhile, the company sees constant currency revenue grow by about 5% to 6% for the second quarter, reflecting mid-single-digit growth.

In the pre-market hours, RL is trading at $379.50, down 0.34 percent on the NYSE.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.