Live, from New York! Key Insights from the 2026 Evercore Consumer Conference

Research evidence excerpt

Live, from New York! Key Insights from the 2026 Evercore Consumer Conference

Consumer | Global Retailing, Softlines & Luxury Brands

June 11, 2026

Michael Binetti Live, from New York! Key Insights from the

212-326-2553

michael.binetti@evercoreisi.com 2026 Evercore Consumer Conference

Carson Paull ◼ At our Evercore Consumer Conference this week, we hosted

312-619-4270

ROST, BURL, RL, TPR, AS, BIRK, M, KSS, RVLV, KTB and Carson.Paull@evercoreisi.com

Grace Wong, CFA RACE, as well as a “Legends of Retail” keynote with former

437-236-7072 RL/TPR CFO Jane Nielsen, and a panel discussion with three

grace.wong@evercoreisi.com leading, tenured investors on “Buyside Perspectives: Navigating

Isabella Mercado Consumer Trends & Macro Forces”. Please see back pages for

212-801-3880

Isabella.Mercado@evercoreISI.com our company summaries.

◼ Key Themes from Our Expert Panels:

Upcoming Industry Events 1) Consumer Macro is Less Concerning Than Headlines: In

ULTA CEO & CFO Meetings July 16th total, our panel agreed that the total US consumer macro

VFC Management Meetings September 10th backdrop has not worsened to the extent that media coverage

or sluggish consumer sentiment reads would suggest

(companies at the conference most frequently referred to the

US consumer as “resilient”). While fuel/inflation remain on the

watchlist, employment is holding in and the consumer is willing

to spend, even if shifting towards value on the low end or

highly differentiated brand promises on the high end.

2) But Sector Rotation Dynamics Will Likely Continue to

Work Against Consumer/Softlines: Long-only investors

argue that with Tech/Tech adjacent companies accounting for

50-55% of the S&P500 (vs. 35% at the peak of the dot-com

bubble) and tech companies growing earnings 30%+