Non-Current Assets

Leasehold improvements

Ralph Lauren Leasehold improvements increased by 3.6% to $1.44B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.3%, from $1.28B to $1.44B. Over 4 years (FY 2021 to FY 2025), Leasehold improvements shows relatively stable performance with a 2.0% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026
Parent metricPP&E (Net)

How to read this metric

An increase suggests active investment in store renovations or facility upgrades, while a decrease may indicate reduced capital spending on leased infrastructure.

Detailed definition

This represents the capitalized costs of alterations and improvements made to leased restaurant properties or office spa...

Peer comparison

Commonly reported by retail and restaurant chains with significant leased real estate portfolios.

Metric ID: ppe_leasehold_improvements

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$1.15B$1.15B$1.17B$1.17B$1.16B$1.14B$1.21B$1.22B$1.23B$1.23B$1.27B$1.25B$1.26B$1.29B$1.28B$1.31B$1.36B$1.39B$1.44B
QoQ Change+0.2%+1.6%+0.2%-1.2%-1.8%+6.2%+0.8%+1.2%-0.3%+3.6%-1.6%+0.5%+3.1%-1.0%+2.1%+4.2%+2.0%+3.6%
YoY Change+0.8%-1.2%+3.4%+3.9%+6.4%+8.0%+5.2%+2.7%+2.1%+5.6%+1.0%+4.7%+8.6%+7.4%+12.3%
% of PP&E (Net)117.7%118.4%120.9%120.7%124.1%126.3%127.3%127.3%132.3%140.0%145.2%146.9%152.1%155.6%155.4%154.6%134.6%131.8%134.4%
Share Change+0.7pp+2.6pp-0.2pp+3.4pp+2.2pp+1.0pp-0.1pp+5.0pp+7.7pp+5.2pp+1.7pp+5.1pp+3.5pp-0.2pp-0.8pp-20.1pp-2.8pp+2.7pp
Range$1.14B$1.44B
CAGR+5.2%
Avg YoY Growth+4.7%
Median YoY Growth+4.7%
Current Streak4 quarters growth

Frequently Asked Questions

What is Ralph Lauren's leasehold improvements?
Ralph Lauren (RL) reported leasehold improvements of $1.44B in Q4 2025.
How has Ralph Lauren's leasehold improvements changed year-over-year?
Ralph Lauren's leasehold improvements increased by 12.3% year-over-year, from $1.28B to $1.44B.
What is the long-term trend for Ralph Lauren's leasehold improvements?
Over 4 years (2021 to 2025), Ralph Lauren's leasehold improvements has grown at a 2.0% compound annual growth rate (CAGR), from $1.21B to $1.31B.
What does leasehold improvements mean?
The total value of improvements made to rented properties that are capitalized as assets.