Ralph Lauren Corp. (NYSE:RL) stock plunged on Thursday even as the company reported stronger-than-expected results for the first quarter of fiscal 2026, driven by broad-based demand and margin expansion across geographies.
Revenue rose 14% year over year to $1.72 billion, exceeding the analyst consensus estimate of $1.64 billion. Adjusted earnings were $3.77 per diluted share, beating expectations of $3.43.
