By Kelly Cloonan

Ralph Lauren logged higher sales in its latest quarter, helped by particularly strong growth in China.

The clothing and apparel company on Thursday posted a fiscal fourth-quarter profit of $151.6 million, or $2.45 a share, compared with $129 million, or $2.03 a share, a year earlier.

Adjusted earnings per share were $2.80, compared with estimates of $2.55 a share, according to analysts polled by FactSet.

Revenue climbed 17% to $1.98 billion, compared with analyst estimates of $1.85 billion.

By region, revenue rose 31% in Asia, with particularly strong growth in China, driven by Lunar New Year sales, the company said. Sales rose 8% in North America and 18% in Europe.

Global direct-to-consumer comparable sales rose 17%. The metric's increase was driven by growth across regions and channels as well as higher average unit retail, boosted by strong full-price selling trends, the company said.

Chief Executive Patrice Louvet said the company's latest fiscal-year results were boosted by balanced contributions across its lifestyle categories, geographies and channels as it contended with a dynamic operating environment.

Looking ahead, the company is focused on driving growth and embracing artificial intelligence and new technologies, Louvet said.

For the fiscal year, which ends next March, the company guided for revenue to be up in the mid-single digits on a constant currency basis, or around 4% to 5%. Analysts expect revenue of $8.44 billion, or up roughly 4.1%.

For the current quarter, it expects revenue to grow mid- to high-single digits on a constant currency basis. Analysts project revenue to grow 6.8%, to $1.84 billion.

Ralph Lauren also raised its quarterly dividend by 10%, to $1 a share.

The new payout, equal to $4 a year, represents an annual yield of about 1.2% based on Wednesday's closing price of $329.24.

The dividend is payable on July 10 to stockholders of record on June 26, the company said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 21, 2026 08:36 ET (12:36 GMT)

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