Ralph Lauren (RL) risk factors: FY2026 10-K

1. Economic, political, and other conditions, including the imposition of significant new tariffs or other changes to existing trade policies and agreements, may adversely affect the global economy and/or the level of consumer purchases of discretionary items and luxury retail products, including our products.Tariffs
2. Economic conditions could have a negative impact on our major customers, suppliers, vendors, and lenders, which in turn could materially adversely affect our business.
3. Our business is exposed to domestic and foreign currency fluctuations.
4. Infectious disease outbreaks could have a material adverse effect on our business.reworded

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1. We cannot assure the successful implementation of our growth strategy.
2. We may not be successful in the expansion of our multi-channel distribution network or accelerating growth in certain product categories.
3. The success of our business depends on our ability to respond to constantly changing fashion and retail trends and consumer preferences in a timely manner, develop products that resonate with our existing customers and attract new customers, and provide a seamless shopping experience to our customers.
4. Our profitability may decline if we are unable to effectively manage inventory or as a result of increasing pressure on margins.
5. We may not fully realize the expected cost savings and/or operating efficiencies from our restructuring plans.

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1. The loss of the services of Mr. Ralph Lauren or any other changes to our executive and senior management team may be disruptive to, or cause uncertainty in, our business.
2. Our business is subject to risks associated with importing products and the ability of our manufacturers to produce our goods on time and to our specifications.
3. Our business could suffer if we need to replace manufacturers or distribution centers.
4. We face intense competition worldwide in the markets in which we operate.
5. The success of our business depends on our ability to retain the value and reputation of our brands.
6. Our trademarks and other intellectual property rights may not be adequately protected outside the U.S.
7. Our business is subject to risks related to leasing real estate and other assets under long-term, non-cancellable leases.
8. A substantial portion of our revenue is derived from a limited number of large wholesale customers. Our business could be adversely affected as a result of consolidations, liquidations, restructurings, other ownership changes in the retail industry, and/or any financial instability of our large wholesale customers.
9. We have a substantial amount of indebtedness which could restrict our ability to engage in additional capital-related transactions in the future.
10. We rely on our licensing partners to preserve the value of our licenses. Failure to maintain licensing partners could harm our business.
11. Our business could be adversely affected by man-made or natural disasters and other catastrophic events in the locations in which we or our customers or suppliers operate.

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1. A data security or privacy breach could damage our reputation and our relationships with our customers or employees, expose us to litigation risk, and adversely affect our business.
2. Our business could suffer if our computer systems and websites are disrupted or cease to operate effectively.
3. Our use and integration of artificial intelligence across our business presents risks and challenges that could adversely affect our business.newAI

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1. Our business could suffer if we fail to meet our global citizenship and sustainability goals or if such goals do not meet the expectations of our stakeholders.
2. Climate change, or our ability to adhere to any legislation and regulatory requirements related to climate change, traceability and transparency, product labeling, or other sustainability matters may adversely affect our business.

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1. Our ability to conduct business globally may be affected by a variety of legal, regulatory, political, and economic risks.
2. Fluctuations in our tax obligations and effective tax rate may result in volatility of our operating results.
3. Our business could suffer if we fail to comply with labor laws or if one of our manufacturers fails to use acceptable labor or environmental practices.
4. Certain legal proceedings, regulatory matters, and accounting changes could adversely affect our business.

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1. The trading prices of our securities periodically may rise or fall based on the accuracy of predictions of our earnings or other financial performance, including our ability to return value to shareholders.
2. The voting shares of our Company's stock are concentrated in one majority stockholder.

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