Gross margin widened 100 bps to 62.4% on channel and regional mix, with pricing offsetting moderate unit cost inflation.
Operating loss narrowed to CAD 103.8 million from CAD 158.7 million as SG&A fell to CAD 178 million, mainly due to the absence of a prior-year arbitration charge.
Q1 revenue rises on DTC and wholesale growth
Canada Goose posted fiscal Q1 revenue of CAD 118.9 million, up 10.3%, driven by higher DTC sales and a sharp wholesale rebound.
DTC revenue rose 8.6% to CAD 84.8 million on retail expansion; comparable sales fell 3.2% on weaker stores, partly offset by e-commerce growth.
Wholesale revenue jumped 66.5% to CAD 29.8 million on a larger order book, higher re-orders, shipment timing; Other revenue fell to CAD 4.3 million.
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