TD Cowen Insights
TD Cowen Insights
TD Securities, TD Cowen
True Religion, Universal Denim – Ultimate Lifestyle
32 minutes Posted May 19, 2026 at 7:32 pm.
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Recorded on 04/29/26
True Religion’s New Chapter: Cultural Relevance Meets Accessible Pricing. We hosted CEO Michael Buckley to discuss drivers of growth as the brand scales across denim, apparel, accessories, & lifestyle. With 70%+ gross margins, EBITDA margins in the 20s, diversified channels, and a younger mass consumer, management outlined a path to $1B, driven by culture, pricing discipline, and conversion upside.