Ralph Lauren’s stock surged 5.27% in intraday trading, driven by the company’s fiscal first-quarter results that significantly exceeded Wall Street expectations. The luxury apparel brand reported adjusted earnings per share of $4.59, surpassing the consensus estimate of $4.32, while revenue rose 14% to $1.96 billion, beating forecasts of $1.87 billion. The strong performance was broad-based across all regions, with Asia revenue jumping 24% and North America increasing 13%.

The company also raised its fiscal 2027 revenue growth outlook to approximately 5% to 6% in constant currency, up from a prior forecast of 4% to 5%. This upward revision, coupled with a beat on both top and bottom lines, signaled robust demand from affluent shoppers and successful execution of the brand’s strategy to elevate its product offerings and expand margins. Global direct-to-consumer comparable sales rose in the low-double-digits, while wholesale sales accelerated to mid-teens growth.

Analysts had largely anticipated a strong quarter, with many maintaining bullish ratings and raising price targets ahead of the report. The market’s positive reaction reflects confidence in Ralph Lauren’s ability to sustain growth momentum despite a choppy luxury sector environment, supported by its pricing power and appeal to younger consumers across key markets.