Todd Kahn

Those three platforms alone

are magnificent, not even talking about some of our traditional platforms like Signature C. Right now we're having a moment of a Y2K moment.

You probably see that trend back to that era, which obviously something that we love because it was one of the

probably the original heyday of Coach, now we're in a new heyday of Coach.

So I feel very good about the number of ways you can engage the brand.

The other thing we're very focused on, because we're focused on Gen Z, and we're particularly focused actually very soon on Gen Alpha, point of market entry.

We want to be her first back.

When I think about in those terms, there are 25 million women who will turn 18 every year in the markets we play for the next five years.

That's a massive TAM that we want to be their bag of choice.

So a couple things.

We brought in 2.9 million new customers in our last quarter, the holiday quarter.

Had never purchased at Coach, 2.9 million.

And again, those are markets we know.

I don't often know wholesale markets.

a new customer or coach.

What we're finding is their frequency of purchase, especially Gen Z, is slightly higher than other cohorts.

Again, not all 2.9 were Gen Z, but a large portion were Gen Z.

we often talk about if you have a good first date, you then have multiple dates in the future.

And we know this to be true, even if you go back 20, 30 years.

I've been a coach for 18 years.