$RL

POLO RALPH LAUREN CORP

CIK:0001037038|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Income Statement [Abstract]
Net revenues	$ 1,959.8	$ 1,719.1
Cost of goods sold	(515.6)	(476.8)
Gross profit	1,444.2	1,242.3
Other costs and expenses
Selling, general, and administrative expenses	(1,077.0)	(949.4)
Restructuring and other charges, net	(24.8)	(19.3)
Total other operating expenses, net	(1,101.8)	(968.7)
Operating income	342.4	273.6
Interest expense	(13.0)	(11.5)
Interest income	11.6	14.8
Other income (expense), net	1.2	1.1
Income before income taxes	342.2	278.0
Income tax provision	(80.0)	(57.6)
Net income	$ 262.2	$ 220.4
Net income per common share:
Basic	$ 4.36	$ 3.62
Diluted	$ 4.28	$ 3.52
Weighted average common shares outstanding:
Basic	60.1	61.0
Diluted	61.3	62.5
Dividends declared per share	$ 1.00	$ 0.9125

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash flows from operating activities:
Net income	$ 262.2	$ 220.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	58.9	55.5
Deferred income tax expense (benefit)	17.8	(5.8)
Stock-based compensation expense	26.0	22.4
Bad debt expense	0.9	2.7
Other non-cash charges (benefits)	2.0	(1.8)
Changes in operating assets and liabilities:
Accounts receivable	99.1	79.1
Inventories	(156.3)	(234.8)
Prepaid expenses and other current assets	(38.4)	(25.1)
Accounts payable and accrued liabilities	53.3	85.8
Income tax receivables and payables	20.0	(1.7)
Operating lease right-of-use assets and liabilities, net	(7.6)	(1.1)
Other balance sheet changes	1.4	(19.5)
Net cash provided by operating activities	339.3	176.1
Cash flows from investing activities:
Capital expenditures	(53.4)	(187.3)
Purchases of investments	(207.5)	(171.1)
Proceeds from sales and maturities of investments	60.0	154.1
Other investing activities	(3.2)	6.0
Net cash used in investing activities	(204.1)	(198.3)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0.0	498.2
Payments of finance lease obligations	(7.1)	(6.0)
Payments of dividends	(54.8)	(50.7)
Repurchases of common stock, including shares surrendered for tax withholdings	(325.1)	(323.3)
Other financing activities	0.0	(4.1)
Net cash (used in) provided by financing activities	(387.0)	114.1
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(16.5)	76.1
Net (decrease) increase in cash, cash equivalents, and restricted cash	(268.3)	168.0
Cash, cash equivalents, and restricted cash at beginning of period	1,994.7	1,929.4
Cash, cash equivalents, and restricted cash at end of period	$ 1,726.4	$ 2,097.4

Consolidated Balance Sheets (Unaudited) - USD ($) shares in Millions, $ in Millions	Jun. 27, 2026	Mar. 28, 2026
Current assets:
Cash and cash equivalents	$ 1,719.0	$ 1,988.0
Short-term investments	222.6	77.0
Accounts receivable, net of allowances of $205.3 million and $228.7 million	388.9	491.7
Inventories	1,163.7	1,014.3
Income tax receivable	64.2	77.8
Prepaid expenses and other current assets	276.3	238.4
Total current assets	3,834.7	3,887.2
Property and equipment, net	1,053.6	1,070.6
Operating lease right-of-use assets	1,306.8	1,299.6
Deferred tax assets	326.5	345.1
Goodwill	899.5	904.2
Intangible assets, net	90.8	93.3
Other non-current assets	146.9	139.5
Total assets	7,658.8	7,739.5
Current liabilities:
Accounts payable	556.7	431.0
Current income tax payable	78.9	80.0
Current operating lease liabilities	228.6	211.7
Accrued expenses and other current liabilities	1,011.4	1,103.8
Total current liabilities	1,875.6	1,826.5
Long-term debt	1,239.4	1,238.9
Long-term finance lease liabilities	207.5	212.3
Long-term operating lease liabilities	1,308.1	1,325.8
Non-current liability for unrecognized tax benefits	176.9	168.7
Other non-current liabilities	129.7	125.9
Commitments and contingencies (Note 12)
Total liabilities	4,937.2	4,898.1
Equity:
Additional paid-in-capital	3,168.7	3,142.7
Retained earnings	8,513.2	8,310.6
Treasury stock, Class A, at cost; 76.2 million and 75.3 million shares	(8,688.8)	(8,361.9)
Accumulated other comprehensive loss	(272.8)	(251.3)
Total equity	2,721.6	2,841.4
Total liabilities and equity	7,658.8	7,739.5
Class A common stock, par value $.01 per share; 113.9 million and 113.5 million shares issued; 37.7 million and 38.2 million shares outstanding
Equity:
Common stock	$ 1.1	$ 1.1
Common Stock, Shares, Issued	113.9	113.5
Class B common stock, par value $.01 per share; 21.9 million shares issued and outstanding
Equity:
Common stock	$ 0.2	$ 0.2
Common Stock, Shares, Issued	21.9	21.9