Travel retail remained a steady contributor, once again accounting for roughly 7% of total net sales, in line with prior periods. New York is where the tunnel is strongest today, with conditions softer elsewhere, including, of course, the Middle East, and we see steady growth ahead of this business.

Aug 5, 2026 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2026-08-05 | transcript bf515290-d1e2-463f-840b-ec06ad0b18de | chars 10321-10621 | segment 10

The travel retail market continued to perform well, representing approximately 7% of total net sales, consistent with prior periods. Brands including Roberto Cavalli, Guess and Coach have performed well to start the year, with travel retail overall currently showing strength in Europe in particular. We anticipate steady growth in our travel retail business going forward.

May 6, 2026 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2026-05-06 | transcript e0fe9e40-8805-42ce-9120-d5e6d336622a | chars 8316-8689 | segment 8

We generated growth in the majority of our markets, made meaningful progress to improve efficiencies, and optimized our supply chain to mitigate cost pressure and support long-term growth. and continue to deepen our sales reach on increasingly meaningful platforms such as digital and travel.

Feb 25, 2026 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2026-02-25 | transcript c57c6b9c-1a81-4193-9fad-b7bf4464bd1f | chars 2877-3169 | segment 3

The travel retail market continued to perform well, with sales growing by 6% in 2025 and representing today approximately 7% of our total net sales, consistent with prior years.

Feb 25, 2026 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2026-02-25 | transcript c57c6b9c-1a81-4193-9fad-b7bf4464bd1f | chars 12947-13124 | segment 13

Our strong appeal among traveling consumers, illustrated by the success of Cavalli Serpentine in Dubai, is helping us secure additional shelf space and broaden our SKU footprint across duty-free locations.

Feb 25, 2026 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2026-02-25 | transcript c57c6b9c-1a81-4193-9fad-b7bf4464bd1f | chars 13206-13411 | segment 13

Another important but relatively small channel for us is travel retail, which grew 13% in the third quarter compared to last year, driven by Lacoste, Jimmy Choo, Coach, and Guess, as well as others in our portfolio. The popularity of our products across traveling consumers is helping us in securing more shelf space and expanding SKU presence at duty-free venues. we anticipate incremental growth in our travel retail business going forward.

Nov 6, 2025 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2025-11-06 | transcript 8b043a50-1eaa-4510-b9db-023b7efc9167 | chars 5480-5922 | segment 5

Interesting to notice is travel retail sales continue to strengthen and increase by 20% from 2023. Travel retail is an important channel And our goal is to continue to focus on brand building versus trying to get quick wins through promotion.

Feb 26, 2025 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2025-02-26 | transcript 5ab51fcc-7d27-42b9-a742-751d4d24d72b | chars 6564-6806 | segment 6

Also, our travel retail business continues to strengthen, slowly but surely. In the first nine months of the year, it has increased 24% from this time last year, representing approximately today 7% of net sales, getting us closer to our target of 10% of annual net sales.

Nov 7, 2024 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2024-11-07 | transcript e9cccb5e-54fb-4fd0-a488-e816b34849a7 | chars 3198-3469 | segment 3

I have spent much of the last three months of the year traveling the world to meet with distributors, manufacturers, retailers, and boutiques.

May 8, 2024 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2024-05-08 | transcript b44b0d8e-ea83-4cff-ab61-d7f9474ca335 | chars 1990-2132 | segment 2

I have personally witnessed heightened levels of travel and with my views in line with industry trends, we are increasing our budget for travel retail.

May 8, 2024 / CEO / receipt, needs a key / Jean Madar, CEO | earnings call 2024-05-08 | transcript b44b0d8e-ea83-4cff-ab61-d7f9474ca335 | chars 4834-4985 | segment 5