TD Cowen Insights

True Religion, Universal Denim – Ultimate Lifestyle


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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.

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TD Cowen InsightsBy TD Securities, TD Cowen

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