Ralph Lauren Corp. raised its annual sales outlook after the apparel company reported another robust quarter of revenue growth that topped Wall Street’s expectations.

Fashion brand Ralph Lauren has reported that its financial performance in the first quarter (Q1) of the fiscal year 2026 (FY26) exceeded expectations with a 14% increase in net revenue to $1.7bn. Favourable foreign currency supported the revenue growth by 230 basis points.

Ralph Lauren raised its annual revenue forecast on Thursday, signaling robust demand from affluent shoppers for its Polo shirts and cable-knit sweaters in North America, Europe and China. Shares of the apparel maker rose 2% in premarket trading as it also beat first-quarter revenue and profit expectations.