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RALPH LAUREN REPORTS FIRST QUARTER FISCAL 2022 RESULTS First Quarter Reported Revenues Increased 182 % to $ 1.4 Billion , Exceeding Expectations Led by North America and Europe ● Global Digital Ecosystem Accelerated to More than 80 % Growth While Owned Digital Commerce Grew More Than 45 % to Last Year , with Continued Digital Operating Margin Expansion of 1,400 Basis Points to Fiscal 2020 First Quarter Average Unit Retail Increased 17 % Driven by Continued Brand Elevation and Strong Spring '21 Full - Priced Selling Operating Margin of 16.0 % on a Reported Basis and 16.8 % on an Adjusted Basis Represents Highest First Quarter Adjusted Margin Since Fiscal 2014 with Better Than Expected Gross Margins and Operating Expense Leverage Despite Higher Marketing Investments Full Year Fiscal 2022 Outlook Raised with Constant Currency Revenues Now Expected to Grow 25 % to 30 % on a 53 - Week Basis and Adjusted Operating Margin Expected in the Range of 12.0 % to 12.5 % NEW YORK -- ( BUSINESS WIRE ) -- August 3 , 2021 -- Ralph Lauren Corporation ( NYSE : RL ) , a global leader in the design , marketing , and distribution of premium lifestyle products , today reported earnings per diluted share of $ 2.18 on a reported basis and $ 2.29 on an adjusted basis , excluding restructuring - related and other net charges for the first quarter of Fiscal 2022. This compared to earnings per diluted share of ( $ 1.75 ) on a reported basis and ( $ 1.82 ) on an adjusted basis , excluding restructuring - related and other net charges for the first quarter of Fiscal 2021 . " Quality , a sense of timelessness and a feeling of optimism inspire everything we create , " said Ralph Lauren , Executive Chairman and Chief Creative Officer . " I cannot think of a time when these values have felt more essential or relevant as the world looks forward to a future marked by hope and possibility . " " Against the backdrop of stronger than expected re - openings across North America and Europe , our teams delivered exceptional performance this quarter , " said Patrice Louvet , President and Chief Executive Officer . " Our timeless brand is resonating strongly with consumers around the world , and the breadth of our lifestyle portfolio is enabling us to deliver products that meet evolving consumer tastes and demand as we progressively emerge from the pandemic . Even as we continued to manage through COVID - related challenges in select markets and in our global supply chain , we are back on offense and excited about our future growth opportunities . " Key Achievements in First Quarter Fiscal 2022 As we continued to navigate a volatile global retail environment , we delivered the following highlights across our strategic priorities in the first quarter of Fiscal 2022 : Win Over a New Generation of Consumers Drove strong consumer engagement with first quarter highlights centered around our Summer of Sports including : our sponsorship of Team USA at this summer's Tokyo Olympics , Wimbledon , and our first collection in partnership with Major League Baseball . We also announced our launch as the official outfitter of G2 Esports , a groundbreaking new partnership in fashion and gaming O O Accelerated marketing investments as planned , with first quarter spend more than doubling to last year and up nearly 40 % compared to first quarter Fiscal 2020 levels . Increased investments focused on supporting new customer acquisition , digitally - amplified brand 1