Ralph Lauren's Long-Term Margin View: Is Expansion Still Achievable?

Key Takeaways RL delivered Q3 FY26 gross margin of 69.8%, up 140 bps, while operating profit rose 21% YoY.RL expects full-year operating margin to expand 100-140 bps from higher-quality sales and expense leverage.RL faces tariff and marketing headwinds, but digital and premium shifts support long-term margins.Ralph Lauren Corporation (RL) continues to demonstrate strong operating discipline, with its long-term margin outlook gaining increasing attention following another solid quarterly performance. The com ...