Ralph Lauren Corporation (NYSE:RL) reported sharply lower stock prices Thursday morning. The company which purports to be a global leader in the design, marketing, and distribution of luxury lifestyle products, today reported earnings per diluted share of $5.82, up 25% to prior year on a reported basis and $6.22, up 29% on an adjusted basis, excluding restructuring-related and other net charges, for the third quarter of Fiscal 2026.
This compared to earnings per diluted share of $4.66 on a reported basis and $4.82 on an adjusted basis, excluding restructuring-related and other net charges for the third quarter of Fiscal 2025.
"Our Holiday collection was inspired by the rugged landscapes of the American West, which have long-been both a place of refuge and inspiration for me," said Founder Ralph Lauren.
"They reflect connections to the land, to family, and to each other -- and as we start a new year with renewed optimism, they are a fitting reminder to dream big and find the space to become who you are."
"This holiday season, our teams delivered strong, high-quality growth across geographies and consumer segments, enabling accelerated investment in our long-term strategic priorities and brand elevation," said CEO Patrice Louvet.
"In a dynamic operating environment, our Next Great Chapter: Drive strategy -- supported by multiple growth drivers, the enduring and emotional power of our brand, and strong operational discipline -- positions us well to continue to deliver sustainable growth and long-term value creation."
RL shares slid $17.51, or 4.9%, to $337.00
