The New York company swung to a net loss of $39.1 million, or 53 cents a share, from net income of $182.1 million, or $2.34 a share, in the year-earlier period.
Adjusted earnings of $1.44 a share were down from $2.55 a year earlier but exceeded analyst expectations of 85 cents in a survey by FactSet.
Revenue of $1.19 billion was in line with the analyst consensus of $1.2 billion. Revenue declined in all regions due to covid-19-related impacts.
At last check Ralph Lauren shares were 6.3% lower at $69.62.
The company reported a 12% decline in inventories at the end of the quarter.
North America revenue fell 38% to $543 million. Comparable-store sales fell 32%. Brick-and-mortar store sales fell 40%, offset partly by a 10% increase in digital commerce.
Revenue in Europe fell 25% to $359 million. Comparable sales were down 29%. Digital sales advanced 26%.
Asia revenue fell 7% from a year earlier to $237 million. But in China "performance continued to improve," with second-quarter sales in constant currency increasing more than 30% from a year earlier, "recovering to pre-covid trends," Ralph Lauren said.