Bracken explicitly communicated these takeaways: Return to growth in FY26 and expect to keep growing in FY27. Seeing tangible signs of momentum at Vans, led by Americas DTC.

Main story management selling seems to be they are back to growth again (first time since FY23). Lot of green shoots in every direction.

Got a treat today with a video conference call. “It was a good quarter” – Bracken.

Main focus of this call was to talk about the return to growth. Three things: 1) not happy with Vans growth and focused on it, 2) goal is to get The North Face to double digit growth, 3) sustain momentum in Timberland.