In the first quarter of fiscal year 2025, revenues at Ralph Lauren increased by 1% to $1.5 billion on a reported basis and by 3% in constant currency. The company’s net income for the period was $169 million, while on an adjusted basis, net income was $175 million. For fiscal year 2025, Ralph Lauren expects revenues to increase by approximately low single digits compared to last year on a constant currency basis.

Revenues for North America fell by 4% to $608 million, while comparable store sales in North America rose by 1%, with a 3% increase in brick and mortar stores offsetting a 4% decline in digital commerce. In Europe, revenues rose by 6% to $479 million on a reported basis and by 7% in constant currency, with comparable store sales rising by 8%, including a 7% increase in brick and mortar stores and a 14% increase in digital commerce. Revenues in Asia rose by 4% to $391 million on a reported basis, while comparable store sales rose by 9% and digital commerce rose by 21%.