Demand was supported by both local consumers and regional travel flows, with Chinese consumers continuing to shop in nearby destinations across Asia.

Jul 30, 2026 / CFO / receipt, needs a key / Neil Bowden, CFO | earnings call 2026-07-30 | transcript 67a50351-9d9b-4a76-96fc-36638fd8e281 | chars 10349-10498 | segment 10

Store performance was impacted by softer traffic trends, particularly in EMEA, reflecting a more challenging macro environment and lower international travel.

Jul 30, 2026 / CFO / receipt, needs a key / Neil Bowden, CFO | earnings call 2026-07-30 | transcript 67a50351-9d9b-4a76-96fc-36638fd8e281 | chars 9153-9311 | segment 9