Apparel retailer Ralph Lauren also raised its outlook for the fiscal year, noting its customers have yet to pull back on spending.

Ralph Lauren Corp reported a 30% rise in net income in Q1, leading the company to raise its fiscal year outlook due to strong sales growth across North America, Europe, and Asia, and a successful strategy of increasing prices.

Ralph Lauren Corporation RL posted impressive first-quarter fiscal 2026 results, wherein both the top and bottom lines increased year over year and surpassed the Zacks Consensus Estimate. The first-quarter results put an emphasis on the company’s strong brand momentum,

But CEO Patrice Louvet told WWD that tariffs could make the retail world tricker to navigate in the second half.