Menswear & Retail
Tariff refunds
Ralph Lauren's record 74.2% gross margin includes an $82.3 million tariff refund; without it, margin rose 250 basis points to 70.5%
Ralph Lauren reported second-quarter revenue of $2.19 billion, up 9.1%, and raised its full-year outlook on November 5. Reported gross margin hit 74.2%, up 620 basis points. The company's own adjustment strips out $82.3 million of tariff refund recoveries, which leaves 70.5%, up 250 points. Asia grew 28%, while North America wholesale was lifted by shipments pulled forward from the second half.