<SEC-DOCUMENT>0000000000-25-001742.txt : 20250401
<SEC-HEADER>0000000000-25-001742.hdr.sgml : 20250401
<ACCEPTANCE-DATETIME>20250214133617
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-25-001742
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250214

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RALPH LAUREN CORP
		CENTRAL INDEX KEY:			0001037038
		STANDARD INDUSTRIAL CLASSIFICATION:	MEN'S & BOYS' FURNISHINGS, WORK CLOTHING, AND ALLIED GARMENTS [2320]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				132622036
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0328

	FILING VALUES:
		FORM TYPE:		UPLOAD
		SEC FILE NUMBER:	001-13057

	BUSINESS ADDRESS:	
		STREET 1:		650 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123187000

	MAIL ADDRESS:	
		STREET 1:		650 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	POLO RALPH LAUREN CORP
		DATE OF NAME CHANGE:	19970402
PUBLIC REFERENCE ACCESSION NUMBER:		0001037038-24-000014
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<SEQUENCE>2
<FILENAME>filename2.txt
<TEXT>
                                                            February 14, 2025

Justin Picicci
Chief Financial Officer
RALPH LAUREN CORP
650 Madison Avenue
New York, NY 10022

        Re: RALPH LAUREN CORP
            Form 10-K for the fiscal year ended March 30 , 2024
            Filed May 23, 2024
            Form 8-K filed February 6, 2025
            File No. 001-13057
Dear Justin Picicci:

       We have limited our review of your filing to the financial statements
and related
disclosures and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

        After reviewing your response to this letter, we may have additional
comments.

Form 8-K filed February 6, 2025
Reconciliation of Non-U.S. GAAP Financial Measures, page 15

1.      We note you furnished full non-U.S. GAAP financial statements on pages
15 through
        18. We consider the presentation of a non-GAAP income statement, alone
or as part
        of the required non-GAAP reconciliation, as giving undue prominence to
non-GAAP
        measures. Please refer to Question 102.10 of the Division of
Corporation Finance   s
        Compliance & Disclosure Interpretations on Non-GAAP Financial Measures
and
        revise to remove this presentation in future filings as necessary.
Footnotes to Reconciliation of Non-U.S. GAAP Financial Measures, page 19

2.      We note adjustments (f) and (g) exclude marketing and advertising
expenses. Explain
        how you determined it is appropriate based on the guidance in Question
100.01 of the
        Division of Corporation Finance's Compliance & Disclosure
Interpretations on Non-
        GAAP Financial Measures since it appears the adjustments represent
normal
 February 14, 2025
Page 2

       operating expenses related to your business. Please advise or revise
your future filings
       to remove these adjustments.
Form 10-K for the fiscal year ended March 30 , 2024
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Results of Operations
Gross Profit, page 52

3.     We note your disclosure that gross profit as a percentage of net
revenues is dependent
       upon a variety of factors, including changes in the relative sales mix
among
       distribution channels, changes in the mix of products sold, pricing, the
timing and
       level of promotional activities, foreign currency exchange rates, and
fluctuations in
       product costs. Please revise your future filings to quantify the extent
to which
       changes in gross profit, as well as changes in segment operating margins
(discussed
       on page 54) were materially impacted by changes in volume, product mix,
and price.
       In this regard, expand your disclosure to explain any
increases/decreases in
       segment net revenues (discussion starting on page 51) resulting from
changes in
       volume of products sold, changes in average unit retail, and to quantify
the impact of
       each of these underlying drivers. See Item 303(b)(2)(iii) of Regulation
S-K.
        In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.

       Please contact SiSi Cheng at 202-551-5004 or Hugh West at 202-551-3872
with any
questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Manufacturing
</TEXT>
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