Additionally, the travel retail business continued to surge after seeing an increase in both leisure and business travel earlier this year. To date, travel retail increased 20% from the prior year period, representing 8% of net sales. Longer term, we target approximately 10% of net sales to be from travel retail on an annual basis.

Aug 7, 2024 / CEO / receipt, needs a key / Jean Mazar, CEO | earnings call 2024-08-07 | transcript 902932fe-14d5-475e-a54a-e481d4e2ca33 | chars 4253-4586 | segment 4