Canada Goose(NYSE:GOOS)
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. The company operates through three segments, Direct-to-Consumer, Wholesale, and Other. It offers parkas,...
Website: http://www.canadagoose.com
Founded: 1957
Full Time Employees: 4,760 (Apr 2023)
CEO: Dani Reiss
Sector: Consumer Cyclical
Industry: Apparel Manufacturing
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
- Premium Outerwear Brand With Strong Pricing Power: Canada Goose positions itself at the high end of the outerwear market, using premium pricing, brand equity, and limited discounting to support margins and protect brand perception.
- Seasonality and Weather Sensitivity Drive Quarterly Volatility: Sales and profitability are typically weighted toward fall and winter demand, making results more sensitive to temperature patterns, tourism flows, and timing of wholesale orders.
- Direct-to-Consumer Focus to Strengthen Margins and Customer Data: The company has emphasized growing its direct channel (stores and e-commerce) to capture retail margin, control merchandising, and improve customer insights versus relying on wholesale partners.
- Growth Tied to International Expansion and Category Diversification: Longer-term upside is often linked to expanding in key international markets and broadening beyond parkas into lighter-weight apparel and accessories to reduce reliance on a single core product.
- Key Risks: Demand Normalization, Inventory Management, and FX: Performance can be impacted by shifts in luxury spending, inventory levels and promotions, and currency fluctuations given global revenue exposure and cross-border cost structure.
Bull Thesis:
- Strong Brand Equity and Luxury Positioning: Canada Goose has cultivated a powerful luxury brand image, known for quality, durability, and status. This strong brand equity allows for premium pricing, high margins, and resilience in the luxury market, attracting affluent consumers globally who seek high-performance and fashionable outerwear.
- Global Expansion and Direct-to-Consumer (DTC) Growth: The company continues to expand its global footprint, particularly in high-growth luxury markets like Asia (China, Japan, Korea) and Europe. A strategic shift towards Direct-to-Consumer (DTC) channels, including e-commerce and owned retail stores, enhances profit margins, provides better control over brand experience, and fosters direct customer relationships, reducing reliance on wholesale partners.
- Product Diversification Beyond Core Parkas: Canada Goose is actively diversifying its product portfolio beyond its iconic heavy winter parkas. Expansion into lighter-weight apparel, knitwear, footwear, and accessories helps to reduce seasonality, broaden consumer appeal, and tap into year-round demand, potentially increasing average transaction value and customer lifetime value.
- Commitment to Sustainability and Ethical Sourcing: With increasing consumer demand for ethical and sustainable products, Canada Goose's initiatives, such as its fur-free policy, use of recycled materials, and commitment to responsible down standards, can enhance its brand reputation and appeal to a growing segment of environmentally and socially conscious consumers, potentially differentiating it from competitors.
Bear Thesis:
- Over-reliance on Seasonal Winter Parkas: Despite diversification efforts, a significant portion of Canada Goose's revenue remains tied to expensive winter parkas. This makes the business highly seasonal and vulnerable to mild winters, unpredictable weather patterns, and shifts in fashion trends away from heavy outerwear, leading to potential revenue volatility.
- Intense Competition and Market Saturation: The luxury outerwear market is highly competitive, with established players like Moncler, Stone Island, and emerging direct-to-consumer brands. This intense competition can lead to pricing pressures, increased marketing expenses, and difficulty in gaining significant market share, especially as the brand matures in key regions.
- Sensitivity to Economic Downturns and Discretionary Spending: As a luxury brand, Canada Goose products are high-ticket discretionary items. In times of economic uncertainty, recession, or reduced consumer confidence, demand for such non-essential luxury goods can significantly decline, impacting sales and profitability. Inflationary pressures also reduce consumers' purchasing power for luxury items.
- Brand Image and Ethical Concerns: While the company has gone fur-free, past controversies regarding animal welfare (e.g., down sourcing practices) and ongoing scrutiny from animal rights groups can continue to impact brand perception. Negative publicity or boycotts could alienate a segment of consumers and damage the brand's reputation, particularly among younger, ethically-minded buyers.
- High Valuation and Growth Expectations: The stock may be priced for significant future growth, implying high expectations for continued expansion and profitability. Any slowdown in revenue growth, margin compression, or failure to meet analyst expectations could lead to a sharp correction in the stock price, as investors re-evaluate its growth prospects.
Main Competitors:
- Moncler S.p.A. ($MONC.MI) (Luxury down jackets, parkas, apparel), A direct competitor in the luxury outerwear market, Moncler is renowned for its high-fashion down jackets and apparel, often at a higher price point than Canada Goose. It competes on brand prestige, cutting-edge design, and warmth, appealing to a similar affluent demographic seeking both style and performance in cold weather.
- Arc'teryx (High-performance technical outerwear, parkas, shells, insulated jackets), Arc'teryx competes on technical performance, durability, and a growing luxury/urban fashion appeal. While often seen as more 'technical' or 'outdoor-focused,' their high-end parkas and insulated jackets are direct alternatives for consumers prioritizing superior function, quality, and minimalist design, often at a similar or higher price point.
- The North Face (VF Corporation) ($VFC) (Parkas, insulated jackets, expedition gear (especially Summit Series, Black Series, and collaborations)), The North Face competes across a broader spectrum, but its premium lines (like Summit Series), high-end collaborations, and iconic status offer strong alternatives to Canada Goose. It appeals to consumers seeking performance, durability, and widespread brand recognition, often at a slightly more accessible price point than pure luxury brands but still with high quality and technical features.
- Mackage (Luxury down coats, leather jackets, outerwear), Mackage is another direct luxury outerwear competitor, particularly in urban fashion markets. It offers stylish, high-quality down coats and jackets that appeal to a similar demographic seeking warmth, style, and brand prestige, often with a more overtly fashion-forward design aesthetic and premium materials like leather and fur trims.
Moat:
Canada Goose's primary moat lies in its strong brand recognition, its association with extreme cold weather performance, and its status as a luxury item. Its 'Made in Canada' heritage also contributes to its perceived quality and authenticity. However, it faces intense competition from a diverse set of players: direct luxury brands like Moncler and Mackage, which compete on fashion, design, and prestige; performance-luxury brands like Arc'teryx, which offer superior technical performance and durability; and broad-market premium brands like The North Face, which leverage massive scale and brand recognition. This competitive landscape forces Canada Goose to continually innovate in design, materials, and sustainability, while balancing its heritage with evolving fashion trends and consumer demands for ethical production and environmental responsibility.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-27 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-29 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 272,600,000 | 107,800,000 | 384,600,000 | 607,900,000 | 267,800,000 | 88,100,000 | 358,000,000 | 609,900,000 | 281,100,000 | 84,800,000 | 293,200,000 | 576,700,000 | 277,200,000 | 69,900,000 | 223,100,000 | 586,100,000 | 232,900,000 | 56,300,000 | 208,800,000 | 474,000,000 | 194,800,000 | 26,100,000 | 140,900,000 | 452,100,000 | 294,000,000 | 71,100,000 | 156,200,000 | 399,300,000 | 230,300,000 | 44,700,000 | -465,768,819 | 265,825,000 | 172,330,000 | 28,205,000 | |
yoy | 1.79% | 22.36% | 7.43% | -0.33% | -4.73% | 3.89% | 22.10% | 5.76% | 1.41% | 21.32% | 31.42% | -1.60% | 19.02% | 24.16% | 6.85% | 23.65% | 19.56% | 115.71% | 48.19% | 4.84% | -33.74% | -63.29% | -9.80% | 13.22% | 27.66% | 59.06% | -133.54% | 50.21% | 33.64% | 58.48% | |||||
qoq | 152.88% | -71.97% | -36.73% | 127.00% | 203.97% | -75.39% | -41.30% | 116.97% | 231.49% | -71.08% | -49.16% | 108.04% | 296.57% | -68.67% | -61.93% | 151.65% | 313.68% | -73.04% | -55.95% | 143.33% | 646.36% | -81.48% | -68.83% | 53.78% | 313.50% | -54.48% | -60.88% | 73.38% | 415.21% | -109.60% | -275.22% | 54.25% | 510.99% | ||
cost of sales | 102,500,000 | 41,600,000 | 110,200,000 | 155,900,000 | 103,700,000 | 35,500,000 | 125,000,000 | 160,200,000 | 101,600,000 | 29,600,000 | 102,900,000 | 160,300,000 | 111,400,000 | 27,200,000 | 69,000,000 | 172,300,000 | 97,900,000 | 25,600,000 | 70,200,000 | 157,600,000 | 100,600,000 | 21,300,000 | 47,300,000 | 153,700,000 | 133,600,000 | 30,200,000 | 53,800,000 | 142,000,000 | 101,800,000 | 16,100,000 | -196,761,431 | 96,805,000 | 85,237,000 | 14,963,000 | |
gross profit | 170,100,000 | 66,200,000 | 274,400,000 | 452,000,000 | 164,100,000 | 52,600,000 | 233,000,000 | 449,700,000 | 179,500,000 | 55,200,000 | 190,300,000 | 416,400,000 | 165,800,000 | 42,700,000 | 154,100,000 | 413,800,000 | 135,000,000 | 30,700,000 | 138,600,000 | 316,400,000 | 94,200,000 | 4,800,000 | 93,600,000 | 298,400,000 | 160,400,000 | 40,900,000 | 102,400,000 | 257,300,000 | 128,500,000 | 28,600,000 | -269,007,388 | 169,020,000 | 87,093,000 | 13,242,000 | |
yoy | 3.66% | 25.86% | 17.77% | 0.51% | -8.58% | -4.71% | 22.44% | 8.00% | 8.26% | 29.27% | 23.49% | 0.63% | 22.81% | 39.09% | 11.18% | 30.78% | 43.31% | 539.58% | 48.08% | 6.03% | -41.27% | -88.26% | -8.59% | 15.97% | 24.82% | 43.01% | -138.07% | 52.23% | 47.54% | 115.98% | |||||
qoq | 156.95% | -75.87% | -39.29% | 175.44% | 211.98% | -77.42% | -48.19% | 150.53% | 225.18% | -70.99% | -54.30% | 151.15% | 288.29% | -72.29% | -62.76% | 206.52% | 339.74% | -77.85% | -56.19% | 235.88% | 1862.50% | -94.87% | -68.63% | 86.03% | 292.18% | -60.06% | -60.20% | 100.23% | 349.30% | -110.63% | -259.16% | 94.07% | 557.70% | ||
gross margin % | 62.40% | 61.41% | 71.35% | 74.35% | 61.28% | 59.70% | 65.08% | 73.73% | 63.86% | 65.09% | 64.90% | 72.20% | 59.81% | 61.09% | 69.07% | 70.60% | 57.96% | 54.53% | 66.38% | 66.75% | 48.36% | 18.39% | 66.43% | 66.00% | 54.56% | 57.52% | 65.56% | 64.44% | 55.80% | 63.98% | 57.76% | 63.58% | 50.54% | 46.95% | |
selling, general & administrative expenses | 187,700,000 | 224,900,000 | 219,300,000 | 247,700,000 | 162,500,000 | 149,500,000 | 209,900,000 | 250,900,000 | 177,200,000 | 154,900,000 | 173,100,000 | 222,100,000 | 161,100,000 | 219,900,000 | 184,100,000 | 101,300,000 | |||||||||||||||||||
operating income | -17,600,000 | -158,700,000 | 55,100,000 | 204,300,000 | 1,600,000 | -96,900,000 | 23,100,000 | 198,800,000 | 2,300,000 | -99,700,000 | 17,200,000 | 194,300,000 | 4,700,000 | -80,700,000 | 200,000 | 205,900,000 | 11,300,000 | -60,700,000 | 7,800,000 | 153,300,000 | 15,100,000 | -59,300,000 | -17,200,000 | 161,400,000 | 75,400,000 | 11,700,000 | 139,900,000 | 65,000,000 | -19,900,000 | -123,162,872 | 89,825,000 | 48,234,000 | |||
yoy | -1200.00% | 63.78% | 138.53% | 2.77% | -30.43% | -2.81% | 34.30% | 2.32% | -51.06% | 23.54% | 8500.00% | -5.63% | -58.41% | 32.95% | -97.44% | 34.31% | -25.17% | 2.36% | -145.35% | -5.02% | -79.97% | -247.01% | 15.37% | 16.00% | -109.50% | 55.75% | 34.76% | ||||||||
qoq | -88.91% | -388.02% | -73.03% | 12668.75% | -101.65% | -519.48% | -88.38% | 8543.48% | -102.31% | -679.65% | -91.15% | 4034.04% | -105.82% | -40450.00% | -99.90% | 1722.12% | -118.62% | -878.21% | -94.91% | 915.23% | -125.46% | 244.77% | -110.66% | 114.06% | -91.64% | 115.23% | -426.63% | -83.84% | -237.11% | 86.23% | |||||
operating margin % | -6.46% | -147.22% | 14.33% | 33.61% | 0.60% | -109.99% | 6.45% | 32.60% | 0.82% | -117.57% | 5.87% | 33.69% | 1.70% | -115.45% | 0.09% | 35.13% | 4.85% | -107.82% | 3.74% | 32.34% | 7.75% | -227.20% | -12.21% | 35.70% | 25.65% | 0% | 7.49% | 35.04% | 28.22% | -44.52% | 26.44% | 33.79% | 27.99% | 0% | |
net interest, finance and other costs | 11,500,000 | 5,400,000 | 10,000,000 | 14,300,000 | 8,500,000 | 3,200,000 | 5,900,000 | 14,800,000 | 13,600,000 | 14,500,000 | 21,800,000 | 6,000,000 | 6,800,000 | 7,400,000 | 7,000,000 | 7,600,000 | 7,900,000 | 16,500,000 | 5,675,000 | 10,000,000 | 6,000,000 | 6,700,000 | |||||||||||||
income before income taxes | -29,100,000 | -164,100,000 | 45,100,000 | 190,000,000 | -6,900,000 | -100,100,000 | 17,200,000 | 184,000,000 | -11,300,000 | -114,200,000 | -4,600,000 | 188,300,000 | -2,100,000 | -88,100,000 | -6,800,000 | 198,300,000 | 3,400,000 | -77,200,000 | -400,000 | 143,300,000 | 9,100,000 | -66,000,000 | -21,700,000 | 155,600,000 | 69,500,000 | 8,600,000 | 136,000,000 | 60,900,000 | -23,000,000 | -113,098,760 | 86,439,000 | 44,635,000 | |||
income tax recovery | -11,700,000 | -38,600,000 | -13,200,000 | -26,100,000 | -15,400,000 | -29,200,000 | -7,100,000 | -24,500,000 | -5,600,000 | -20,500,000 | -15,900,000 | -4,300,000 | |||||||||||||||||||||||
net income | -17,400,000 | -125,500,000 | 27,700,000 | 143,600,000 | 6,300,000 | -74,000,000 | 7,600,000 | 131,400,000 | 4,100,000 | -85,000,000 | -10,000,000 | 137,500,000 | 5,000,000 | -63,600,000 | -9,600,000 | 151,900,000 | 9,000,000 | -56,700,000 | 2,900,000 | 107,000,000 | 10,400,000 | -50,100,000 | 2,500,000 | 118,000,000 | 60,600,000 | 9,000,000 | 103,400,000 | 49,900,000 | -18,700,000 | -87,866,945 | 62,925,000 | 37,127,000 | |||
yoy | -376.19% | 69.59% | 264.47% | 9.28% | 53.66% | -12.94% | -176.00% | -4.44% | -18.00% | 33.65% | 4.17% | -9.48% | -44.44% | 12.17% | -431.03% | 41.96% | -13.46% | 13.17% | 16.00% | -9.32% | -82.84% | -72.22% | 14.12% | 21.44% | -110.24% | 64.32% | 34.40% | ||||||||
qoq | -86.14% | -553.07% | -80.71% | 2179.37% | -108.51% | -1073.68% | -94.22% | 3104.88% | -104.82% | 750.00% | -107.27% | 2650.00% | -107.86% | 562.50% | -106.32% | 1587.78% | -115.87% | -2055.17% | -97.29% | 928.85% | -120.76% | -2104.00% | -97.88% | 94.72% | -91.30% | 107.21% | -366.84% | -78.72% | -239.64% | 69.49% | |||||
net income margin % | -6.38% | -116.42% | 7.20% | 23.62% | 2.35% | -84.00% | 2.12% | 21.54% | 1.46% | -100.24% | -3.41% | 23.84% | 1.80% | -90.99% | -4.30% | 25.92% | 3.86% | -100.71% | 1.39% | 22.57% | 5.34% | -191.95% | 1.77% | 26.10% | 20.61% | 0% | 5.76% | 25.90% | 21.67% | -41.83% | 18.86% | 23.67% | 21.54% | 0% | |
attributable to: | |||||||||||||||||||||||||||||||||||
shareholders of the company | -15,200,000 | -125,200,000 | 27,100,000 | 139,700,000 | 5,400,000 | -77,400,000 | 5,000,000 | 130,600,000 | 3,900,000 | -81,100,000 | -3,100,000 | 134,900,000 | 3,300,000 | ||||||||||||||||||||||
non-controlling interest | -2,200,000 | -300,000 | 600,000 | 3,900,000 | 900,000 | 3,400,000 | 2,600,000 | 800,000 | 200,000 | -3,900,000 | -6,900,000 | 2,600,000 | 1,700,000 | -1,200,000 | |||||||||||||||||||||
earnings per share attributable to shareholders of the company | |||||||||||||||||||||||||||||||||||
basic | -0.16 | 0.28 | 1.44 | 0.06 | 0.06 | 1.3 | 0.04 | -0.03 | 1.28 | 0.03 | -0.09 | 1.42 | 0.08 | 0.03 | 0.97 | 0.09 | 0.02 | 1.08 | 0.55 | 0.08 | 0.94 | 0.46 | 0.08 | 0.59 | 0.35 | ||||||||||
diluted | -0.16 | 0.28 | 1.42 | 0.06 | 0.05 | 1.29 | 0.04 | -0.03 | 1.28 | 0.03 | -0.08 | 1.41 | 0.08 | 0.02 | 0.96 | 0.09 | 0.02 | 1.07 | 0.55 | 0.08 | 0.93 | 0.45 | 0.07 | 0.56 | 0.33 | ||||||||||
loss per share attributable to shareholders of the company | |||||||||||||||||||||||||||||||||||
basic and diluted | -1.29 | -0.8 | -0.78 | -0.59 | |||||||||||||||||||||||||||||||
income tax expense | 17,400,000 | 46,400,000 | 9,600,000 | 52,600,000 | 5,400,000 | 50,800,000 | 2,800,000 | 46,400,000 | -3,300,000 | 36,300,000 | -24,200,000 | 37,600,000 | 8,900,000 | -400,000 | 32,600,000 | 11,000,000 | -25,231,815 | 23,514,000 | 7,508,000 | ||||||||||||||||
statement of operations data: | |||||||||||||||||||||||||||||||||||
gross margin | 61,100,000 | 54,500,000 | 18,400,000 | 64,000,000 | |||||||||||||||||||||||||||||||
sg&a expenses | 123,400,000 | 71,600,000 | |||||||||||||||||||||||||||||||||
sg&a expenses as % of revenue | 176,500,000 | 127,200,000 | 186,200,000 | 100,900,000 | |||||||||||||||||||||||||||||||
operating margin | -115,500,000 | -107,800,000 | |||||||||||||||||||||||||||||||||
effective tax rate | 27,800,000 | 26,600,000 | 24,100,000 | 18,700,000 | |||||||||||||||||||||||||||||||
net loss attributable to shareholders of the company | -62,400,000 | ||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding | |||||||||||||||||||||||||||||||||||
basic and diluted | 105,234,474,000,000 | 110,504,248 | 110,080,288 | ||||||||||||||||||||||||||||||||
non-ifrs financial measures:1 | |||||||||||||||||||||||||||||||||||
adjusted ebit | -75.6 | -60.2 | -46.5 | ||||||||||||||||||||||||||||||||
adjusted ebit margin | -108.2 | -106.9 | |||||||||||||||||||||||||||||||||
adjusted net loss attributable to shareholders of the company | -58.5 | ||||||||||||||||||||||||||||||||||
adjusted net loss per basic and diluted share attributable to shareholders of the company | -0.56 | ||||||||||||||||||||||||||||||||||
depreciation and amortization | 16,500,000 | 23,800,000 | 22,400,000 | 19,800,000 | 19,200,000 | 18,400,000 | 16,700,000 | 15,500,000 | 14,900,000 | 13,400,000 | 11,500,000 | 10,900,000 | 5,700,000 | 5,300,000 | 3,600,000 | 3,400,000 | -6,876,626 | 2,404,000 | 2,314,000 | 2,168,000 | |||||||||||||||
other comprehensive income | -2,300,000 | -8,300,000 | 300,000 | -1,700,000 | -8,200,000 | -1,500,000 | 2,100,000 | 2,000,000 | 3,900,000 | -3,000,000 | 1,900,000 | 2,100,000 | -300,000 | 1,259,000 | 42,000 | ||||||||||||||||||||
items that will not be reclassified to earnings, net of tax: | |||||||||||||||||||||||||||||||||||
actuarial gain on post-employment obligation | -100,000 | 200,000 | 26,250 | 157,000 | |||||||||||||||||||||||||||||||
items that may be reclassified to earnings, net of tax: | |||||||||||||||||||||||||||||||||||
cumulative translation adjustment gain | -15,400,000 | -9,900,000 | 1,700,000 | ||||||||||||||||||||||||||||||||
net loss on derivatives designated as cash flow hedges | -650,000 | -700,000 | -2,000,000 | ||||||||||||||||||||||||||||||||
reclassification of net loss on cash flow hedges to income | 1,900,000 | 2,300,000 | 400,000 | 1,525,000 | 2,300,000 | 1,900,000 | 150,000 | 1,100,000 | 400,000 | 1,500,000 | |||||||||||||||||||||||||
net gain on derivatives designated as a net investment hedge | 50,000 | -600,000 | -800,000 | 275,000 | 1,500,000 | 375,000 | |||||||||||||||||||||||||||||
comprehensive income | -11,900,000 | 143,600,000 | 9,300,000 | 17,475,000 | 105,500,000 | 12,500,000 | 36,800,000 | 114,700,000 | 58,000,000 | 34,575,000 | 105,300,000 | 52,000,000 | 21,900,250 | 61,262,000 | 38,386,000 | ||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||
basic | -0.16 | 0.28 | 1.44 | 0.06 | 0.06 | 1.3 | 0.04 | -0.03 | 1.28 | 0.03 | -0.09 | 1.42 | 0.08 | 0.03 | 0.97 | 0.09 | 0.02 | 1.08 | 0.55 | 0.08 | 0.94 | 0.46 | 0.08 | 0.59 | 0.35 | ||||||||||
diluted | -0.16 | 0.28 | 1.42 | 0.06 | 0.05 | 1.29 | 0.04 | -0.03 | 1.28 | 0.03 | -0.08 | 1.41 | 0.08 | 0.02 | 0.96 | 0.09 | 0.02 | 1.07 | 0.55 | 0.08 | 0.93 | 0.45 | 0.07 | 0.56 | 0.33 | ||||||||||
comprehensive loss | -58,400,000 | -48,100,000 | -19,000,000 | ||||||||||||||||||||||||||||||||
loss per share | |||||||||||||||||||||||||||||||||||
basic and diluted | -0.51 | -0.46 | -0.27 | ||||||||||||||||||||||||||||||||
non-ifrs financial measures: | |||||||||||||||||||||||||||||||||||
ebit | -60.7 | -59.3 | |||||||||||||||||||||||||||||||||
adjusted net loss | -50 | -38.4 | -17.1 | ||||||||||||||||||||||||||||||||
adjusted net loss per basic and diluted share | -0.45 | -0.35 | -0.16 | ||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 111,600,000 | 144,700,000 | 62,400,000 | 48,600,000 | 95,900,000 | 123,600,000 | 73,500,000 | 57,500,000 | 85,000,000 | 112,100,000 | 59,900,000 | 45,100,000 | -138,967,890 | 76,791,000 | 36,545,000 | 25,832,000 | |||||||||||||||||||
actuarial loss on post-employment obligation | -75,000 | -500,000 | |||||||||||||||||||||||||||||||||
cumulative translation adjustment | 50,000 | 1,800,000 | 500,000 | 400,000 | 3,600,000 | 245,000 | 649,000 | 119,000 | 212,000 | ||||||||||||||||||||||||||
net gain on derivatives designated as cash flow hedges | -900,000 | -2,700,000 | -1,000,000 | 225,000 | 1,700,000 | 3,800,000 | 600,000 | 600,000 | 99,500 | ||||||||||||||||||||||||||
income tax (recovery) expense | -1,300,000 | ||||||||||||||||||||||||||||||||||
actuarial income on post-employment obligation | 200,000 | ||||||||||||||||||||||||||||||||||
other data: | |||||||||||||||||||||||||||||||||||
net interest and other finance costs | 4,500,000 | 5,800,000 | 5,900,000 | 12,200,000 | 3,100,000 | 3,900,000 | 4,100,000 | 3,100,000 | -10,064,112 | 3,386,000 | 3,599,000 | 3,092,000 | |||||||||||||||||||||||
reclassification of net income on cash flow hedges to income | 1,000,000 | ||||||||||||||||||||||||||||||||||
net gain on net investment hedge | 1,100,000 | ||||||||||||||||||||||||||||||||||
operating loss as % revenue | |||||||||||||||||||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||
basic and diluted | -0.17 | ||||||||||||||||||||||||||||||||||
weighted-average number of shares outstanding | |||||||||||||||||||||||||||||||||||
basic | 110,261,600 | 109,892,031 | 109,422,574 | 108,660,494 | 107,250,039 | ||||||||||||||||||||||||||||||
ebitda | -15.5 | ||||||||||||||||||||||||||||||||||
adjusted ebitda | -13.5 | ||||||||||||||||||||||||||||||||||
adjusted ebitda margin | |||||||||||||||||||||||||||||||||||
other comprehensive loss | |||||||||||||||||||||||||||||||||||
items that will not be reclassified to earnings, net of tax | |||||||||||||||||||||||||||||||||||
reclassification of gains on cash flow hedges to income | 18,000 | ||||||||||||||||||||||||||||||||||
net loss on net investment hedge | |||||||||||||||||||||||||||||||||||
items that will not be reclassified to earnings: | |||||||||||||||||||||||||||||||||||
items that may be reclassified to earnings: | |||||||||||||||||||||||||||||||||||
net gain on derivatives designated as cash flow hedges, net of tax of 383 and 332 for the three and six months ended september 30, respectively | 1,126,000 | ||||||||||||||||||||||||||||||||||
reclassification of gains on cash flow hedges to income, net of tax recovery of 49 and 43, for the three and six months ended september 30, respectively | |||||||||||||||||||||||||||||||||||
net income on derivatives designated as cash flow hedges, net of tax of 51 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-27 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-29 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||
cash | 94,200,000 | 180,500,000 | 334,400,000 | 285,200,000 | 68,800,000 | 61,900,000 | 144,900,000 | 154,300,000 | 37,500,000 | 48,000,000 | 286,500,000 | 344,200,000 | 97,100,000 | 81,800,000 | 287,700,000 | 407,600,000 | 98,900,000 | 305,900,000 | 477,900,000 | 469,000,000 | 156,300,000 | 160,100,000 | 31,700,000 | 72,000,000 | 34,200,000 | 25,000,000 | 88,600,000 | 102,300,000 | 32,200,000 | 14,600,000 | 95,290,000 | 62,127,000 | 13,314,000 | 13,103,000 | 9,678,000 |
trade receivables | 155,400,000 | 73,100,000 | 82,800,000 | 174,900,000 | 143,100,000 | 50,400,000 | 70,400,000 | 144,500,000 | 146,500,000 | 50,900,000 | 50,900,000 | 120,900,000 | 150,000,000 | 48,200,000 | 42,700,000 | 108,000,000 | 111,200,000 | 39,200,000 | 40,900,000 | 118,200,000 | 114,900,000 | 28,200,000 | 32,300,000 | 118,200,000 | 148,300,000 | 31,300,000 | 20,400,000 | 97,500,000 | 114,500,000 | 12,400,000 | 11,944,000 | 78,379,000 | 99,587,000 | 8,543,000 | 8,710,000 |
inventories | 460,700,000 | 439,500,000 | 384,000,000 | 407,400,000 | 473,400,000 | 484,300,000 | 445,200,000 | 478,400,000 | 519,700,000 | 522,100,000 | 472,600,000 | 482,000,000 | 511,500,000 | 504,700,000 | 393,300,000 | 368,100,000 | 416,400,000 | 404,500,000 | 342,300,000 | 339,000,000 | 417,200,000 | 428,600,000 | 412,300,000 | 348,100,000 | 365,200,000 | 366,100,000 | 267,300,000 | 217,800,000 | 226,200,000 | 239,500,000 | 165,372,000 | 124,826,000 | 154,464,000 | 176,969,000 | 125,464,000 |
income taxes receivable | 34,700,000 | 31,600,000 | 10,200,000 | 15,900,000 | 19,000,000 | 31,000,000 | 28,000,000 | 8,100,000 | 17,200,000 | 6,600,000 | 900,000 | 5,700,000 | 10,500,000 | 4,800,000 | 1,100,000 | 500,000 | 9,300,000 | 6,600,000 | 4,800,000 | 5,400,000 | 10,800,000 | 11,900,000 | 12,000,000 | 5,500,000 | 9,400,000 | 4,000,000 | 4,700,000 | 8,000,000 | 5,093,000 | 3,809,000 | 5,557,000 | 4,215,000 | |||
other current assets | 70,400,000 | 59,000,000 | 63,800,000 | 55,000,000 | 66,900,000 | 57,400,000 | 52,300,000 | 61,000,000 | 82,600,000 | 76,900,000 | 52,300,000 | 58,300,000 | 63,400,000 | 52,400,000 | 37,500,000 | 38,100,000 | 49,400,000 | 34,400,000 | 31,000,000 | 25,000,000 | 36,900,000 | 40,600,000 | 35,900,000 | 36,000,000 | 34,900,000 | 40,300,000 | 32,900,000 | 28,400,000 | 28,500,000 | 32,400,000 | 23,270,000 | 17,446,000 | 12,144,000 | 12,452,000 | 15,156,000 |
total current assets | 815,400,000 | 783,700,000 | 875,200,000 | 938,400,000 | 771,200,000 | 685,000,000 | 740,800,000 | 846,300,000 | 803,500,000 | 704,500,000 | 863,200,000 | 1,011,100,000 | 832,500,000 | 691,900,000 | 762,300,000 | 922,300,000 | 685,200,000 | 790,600,000 | 896,900,000 | 956,600,000 | 736,100,000 | 669,400,000 | 524,200,000 | 574,300,000 | 588,100,000 | 472,100,000 | 413,200,000 | 446,000,000 | 406,100,000 | 306,900,000 | 300,969,000 | 282,778,000 | 283,318,000 | 216,624,000 | 163,223,000 |
deferred income taxes | 140,600,000 | 114,600,000 | 95,700,000 | 102,400,000 | 136,800,000 | 96,800,000 | 76,300,000 | 90,300,000 | 119,200,000 | 92,500,000 | 67,500,000 | 67,700,000 | 90,000,000 | 73,900,000 | 53,200,000 | 64,100,000 | 77,500,000 | 60,100,000 | 46,900,000 | 47,800,000 | 62,100,000 | 53,500,000 | 40,800,000 | 26,400,000 | 38,900,000 | 27,900,000 | 12,200,000 | 8,800,000 | 14,400,000 | 10,500,000 | 3,045,000 | 6,804,000 | 10,217,000 | 10,080,000 | 3,998,000 |
property, plant and equipment | 166,800,000 | 159,200,000 | 161,600,000 | 164,900,000 | 165,000,000 | 165,700,000 | 171,800,000 | 177,200,000 | 179,300,000 | 172,000,000 | 156,000,000 | 128,500,000 | 122,400,000 | 110,500,000 | 114,200,000 | 123,100,000 | 125,900,000 | 119,900,000 | 116,500,000 | 122,500,000 | 120,100,000 | 115,000,000 | 115,100,000 | 113,700,000 | 102,700,000 | 87,400,000 | 84,300,000 | 82,200,000 | 73,100,000 | 64,200,000 | 60,172,000 | 57,136,000 | 46,096,000 | 40,393,000 | 36,467,000 |
intangible assets | 129,900,000 | 130,900,000 | 131,900,000 | 132,200,000 | 133,900,000 | 133,600,000 | 135,100,000 | 132,100,000 | 132,400,000 | 133,100,000 | 135,100,000 | 132,900,000 | 133,300,000 | 134,700,000 | 122,200,000 | 154,700,000 | 154,800,000 | 155,500,000 | 155,000,000 | 156,100,000 | 157,400,000 | 159,500,000 | 161,700,000 | 159,900,000 | 157,600,000 | 153,900,000 | 155,600,000 | 150,900,000 | 143,100,000 | 140,100,000 | 136,800,000 | 135,212,000 | 134,656,000 | 131,721,000 | 131,912,000 |
right-of-use assets | 280,900,000 | 268,900,000 | 280,200,000 | 299,400,000 | 286,200,000 | 293,800,000 | 279,800,000 | 272,700,000 | 280,000,000 | 281,300,000 | 291,800,000 | 275,600,000 | 274,300,000 | 253,200,000 | 215,200,000 | 241,200,000 | 253,000,000 | 240,800,000 | 233,700,000 | 240,400,000 | 247,700,000 | 211,700,000 | 211,800,000 | 205,000,000 | 210,500,000 | 198,500,000 | |||||||||
goodwill | 72,000,000 | 72,000,000 | 72,000,000 | 71,300,000 | 71,700,000 | 70,400,000 | 70,800,000 | 76,500,000 | 62,700,000 | 62,800,000 | 63,900,000 | 65,000,000 | 64,100,000 | 64,700,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 53,100,000 | 45,300,000 | 45,300,000 | 45,269,000 | 45,269,000 | 45,269,000 | 45,269,000 | 45,269,000 |
other long-term assets | 1,200,000 | 1,200,000 | 100,000 | 15,600,000 | 1,900,000 | 5,400,000 | 7,000,000 | 6,800,000 | 12,200,000 | 12,300,000 | 12,500,000 | 22,200,000 | 26,900,000 | 17,800,000 | 20,400,000 | 8,200,000 | 5,200,000 | 4,400,000 | 5,100,000 | 100,000 | 1,100,000 | 2,200,000 | 6,000,000 | 1,400,000 | 4,600,000 | 2,800,000 | 7,000,000 | 9,100,000 | 2,600,000 | 4,500,000 | 2,183,000 | 483,000 | |||
total assets | 1,606,800,000 | 1,530,500,000 | 1,616,700,000 | 1,724,200,000 | 1,566,700,000 | 1,450,700,000 | 1,481,600,000 | 1,601,900,000 | 1,589,300,000 | 1,458,500,000 | 1,590,000,000 | 1,703,000,000 | 1,543,500,000 | 1,346,700,000 | 1,340,600,000 | 1,566,700,000 | 1,354,700,000 | 1,424,400,000 | 1,507,200,000 | 1,576,600,000 | 1,377,600,000 | 1,264,400,000 | 1,112,700,000 | 1,133,800,000 | 1,155,500,000 | 995,700,000 | 725,400,000 | 750,100,000 | 684,600,000 | 571,500,000 | 548,438,000 | 527,682,000 | 519,556,000 | 444,087,000 | 380,869,000 |
liabilities | |||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 228,200,000 | 236,900,000 | 171,500,000 | 215,600,000 | 155,400,000 | 144,300,000 | 177,700,000 | 268,800,000 | 210,200,000 | 178,600,000 | 195,600,000 | 262,000,000 | 218,400,000 | 165,600,000 | 176,200,000 | 244,500,000 | 195,200,000 | 149,600,000 | 177,800,000 | 207,700,000 | 163,600,000 | 134,800,000 | 136,800,000 | 171,800,000 | 134,500,000 | 100,000,000 | 110,400,000 | 137,500,000 | 93,000,000 | 90,000,000 | 109,556,000 | 96,121,000 | 63,810,000 | 47,362,000 | 58,223,000 |
provisions | 43,300,000 | 35,700,000 | 40,100,000 | 69,700,000 | 44,900,000 | 40,800,000 | 26,100,000 | 55,000,000 | 20,500,000 | 16,300,000 | 21,600,000 | 46,600,000 | 21,700,000 | 16,200,000 | 18,500,000 | 43,200,000 | 18,000,000 | 13,400,000 | 20,000,000 | 45,000,000 | 17,900,000 | 10,800,000 | 15,600,000 | 27,200,000 | 9,300,000 | 5,900,000 | 8,100,000 | 15,200,000 | 7,300,000 | 4,300,000 | 6,300,000 | 15,779,000 | 6,914,000 | 4,733,000 | 6,046,000 |
income taxes payable | 25,400,000 | 19,200,000 | 28,600,000 | 25,900,000 | 23,600,000 | 15,200,000 | 16,800,000 | 14,500,000 | 7,700,000 | 9,600,000 | 31,500,000 | 31,800,000 | 12,900,000 | 13,200,000 | 24,500,000 | 36,900,000 | 16,400,000 | 10,400,000 | 19,100,000 | 21,000,000 | 13,100,000 | 11,700,000 | 13,000,000 | 18,500,000 | 9,300,000 | 5,600,000 | 18,100,000 | 20,300,000 | 3,600,000 | 300,000 | 17,740,000 | 15,730,000 | |||
short-term borrowings | 45,000,000 | 12,600,000 | 4,300,000 | 70,600,000 | 109,800,000 | 36,800,000 | 9,400,000 | 38,700,000 | 80,700,000 | 48,400,000 | 27,600,000 | 52,400,000 | 57,300,000 | 30,800,000 | 3,800,000 | 3,800,000 | 27,300,000 | 10,900,000 | 7,000,000 | 11,000,000 | 2,600,000 | 17,800,000 | |||||||||||||
current portion of lease liabilities | 89,300,000 | 84,200,000 | 83,900,000 | 84,700,000 | 83,100,000 | 82,500,000 | 79,900,000 | 76,400,000 | 77,100,000 | 75,300,000 | 76,100,000 | 66,600,000 | 65,400,000 | 59,900,000 | 58,500,000 | 61,700,000 | 55,800,000 | 49,600,000 | 45,200,000 | ||||||||||||||||
total current liabilities | 431,200,000 | 388,600,000 | 328,400,000 | 466,500,000 | 416,800,000 | 319,600,000 | 309,900,000 | 453,400,000 | 396,200,000 | 328,200,000 | 352,400,000 | 459,400,000 | 375,700,000 | 285,700,000 | 281,500,000 | 390,100,000 | 312,700,000 | 233,900,000 | 262,100,000 | 325,000,000 | 249,100,000 | 197,700,000 | 201,300,000 | 251,300,000 | 203,500,000 | 139,600,000 | 136,600,000 | 173,000,000 | 103,900,000 | 94,600,000 | 133,596,000 | 127,630,000 | 70,724,000 | 52,095,000 | 64,269,000 |
revolving facility | 7,400,000 | 60,500,000 | 53,300,000 | 85,000,000 | 55,100,000 | 222,500,000 | 207,900,000 | 177,700,000 | 159,600,000 | 124,300,000 | 76,900,000 | 116,775,000 | 97,277,000 | ||||||||||||||||||||||
term loan | 408,600,000 | 388,600,000 | 407,700,000 | 410,500,000 | 385,700,000 | 391,500,000 | 388,500,000 | 381,000,000 | 391,400,000 | 383,000,000 | 391,600,000 | 393,400,000 | 402,700,000 | 377,100,000 | 366,200,000 | 370,800,000 | 372,900,000 | 363,200,000 | 367,800,000 | 376,100,000 | 151,200,000 | 154,600,000 | 158,100,000 | 147,600,000 | 149,300,000 | 147,600,000 | 145,200,000 | 147,100,000 | 138,500,000 | 140,400,000 | 137,074,000 | 132,619,000 | 131,285,000 | 136,560,000 | 6,642,000 |
lease liabilities | 243,800,000 | 236,500,000 | 246,900,000 | 265,300,000 | 254,800,000 | 262,200,000 | 250,600,000 | 244,900,000 | 253,200,000 | 252,600,000 | 258,700,000 | 250,300,000 | 250,100,000 | 230,600,000 | 192,200,000 | 208,500,000 | 224,000,000 | 214,700,000 | 209,600,000 | 44,300,000 | 43,500,000 | 37,800,000 | 35,900,000 | 33,800,000 | 32,600,000 | 28,100,000 | |||||||||
other long-term liabilities | 50,600,000 | 42,100,000 | 40,300,000 | 43,100,000 | 52,100,000 | 43,400,000 | 54,600,000 | 70,900,000 | 56,500,000 | 62,600,000 | 56,900,000 | 42,900,000 | 38,500,000 | 52,900,000 | 25,700,000 | 22,500,000 | 21,700,000 | 27,600,000 | 20,400,000 | 16,400,000 | 6,400,000 | 4,200,000 | 4,600,000 | 4,800,000 | 6,500,000 | 6,800,000 | 13,100,000 | 12,600,000 | 10,400,000 | 10,800,000 | 10,100,000 | 6,548,000 | 3,673,000 | 3,167,000 | 3,929,000 |
total liabilities | 1,170,500,000 | 1,083,900,000 | 1,060,100,000 | 1,214,800,000 | 1,197,800,000 | 1,095,300,000 | 1,058,100,000 | 1,201,000,000 | 1,233,600,000 | 1,072,900,000 | 1,112,500,000 | 1,204,900,000 | 1,177,000,000 | 994,800,000 | 912,700,000 | 1,041,800,000 | 978,700,000 | 879,000,000 | 907,100,000 | 975,700,000 | 887,900,000 | 790,200,000 | 592,500,000 | 624,100,000 | 762,700,000 | 663,500,000 | 326,300,000 | 361,500,000 | 404,200,000 | 345,700,000 | 304,828,000 | 291,956,000 | 346,121,000 | 309,658,000 | 234,701,000 |
equity | |||||||||||||||||||||||||||||||||||
equity attributable to shareholders of the company | 423,800,000 | 431,700,000 | 541,200,000 | 494,700,000 | 357,900,000 | 345,500,000 | 417,000,000 | 396,500,000 | 352,200,000 | 381,900,000 | 469,500,000 | 484,100,000 | 355,400,000 | ||||||||||||||||||||||
non-controlling interests | 12,500,000 | 14,900,000 | 15,400,000 | 14,700,000 | 11,000,000 | 9,900,000 | 6,500,000 | 4,400,000 | 3,500,000 | 3,700,000 | 8,000,000 | 14,000,000 | 11,100,000 | ||||||||||||||||||||||
total equity | 436,300,000 | 446,600,000 | 556,600,000 | 509,400,000 | 368,900,000 | 355,400,000 | 423,500,000 | 400,900,000 | 355,700,000 | 385,600,000 | 477,500,000 | 498,100,000 | 366,500,000 | ||||||||||||||||||||||
total liabilities and equity | 1,606,800,000 | 1,530,500,000 | 1,616,700,000 | 1,724,200,000 | 1,566,700,000 | 1,450,700,000 | 1,481,600,000 | 1,601,900,000 | 1,589,300,000 | 1,458,500,000 | 1,590,000,000 | 1,703,000,000 | 1,543,500,000 | ||||||||||||||||||||||
shareholders' equity | 351,900,000 | 427,900,000 | 524,900,000 | 376,000,000 | 545,400,000 | 600,100,000 | 600,900,000 | 489,700,000 | 474,200,000 | 520,200,000 | 509,700,000 | 392,800,000 | 332,200,000 | 388,600,000 | 280,400,000 | 225,800,000 | 235,726,000 | 173,435,000 | 134,429,000 | ||||||||||||||||
total liabilities and shareholders' equity | 1,346,700,000 | 1,340,600,000 | 1,566,700,000 | 1,354,700,000 | 1,424,400,000 | 1,507,200,000 | 1,576,600,000 | 1,377,600,000 | 1,264,400,000 | 1,112,700,000 | 1,133,800,000 | 1,155,500,000 | 995,700,000 | 750,100,000 | 684,600,000 | 571,500,000 | 527,682,000 | 519,556,000 | 444,087,000 | ||||||||||||||||
shareholders’ equity | 399,100,000 | 243,610,000 | 146,168,000 | ||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 725,400,000 | 548,438,000 | 380,869,000 | ||||||||||||||||||||||||||||||||
current portion of long-term debt | |||||||||||||||||||||||||||||||||||
credit facility | 139,447,000 | ||||||||||||||||||||||||||||||||||
subordinated debt |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-04-03 | 2022-01-02 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-27 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-29 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||
net gain | |||||||||||||||||||||||||||||||
items not affecting cash: | |||||||||||||||||||||||||||||||
depreciation and amortization | 500,000 | 31,200,000 | 98,100,000 | 400,000 | -500,000 | 32,700,000 | 93,800,000 | 1,600,000 | 1,400,000 | 29,200,000 | 82,100,000 | 600,000 | 600,000 | 25,800,000 | 68,600,000 | 1,400,000 | 2,300,000 | 23,500,000 | 60,100,000 | 6,000,000 | -300,000 | 18,800,000 | 46,600,000 | 2,400,000 | 800,000 | 13,300,000 | 16,300,000 | 1,900,000 | 9,271,000 | 6,010,000 | 3,063,000 |
income tax expense | -21,900,000 | -35,000,000 | -26,200,000 | -23,300,000 | -20,500,000 | -25,600,000 | 28,700,000 | 6,300,000 | 21,600,000 | 25,261,000 | 1,747,000 | ||||||||||||||||||||
interest expense | 6,000,000 | 4,400,000 | 29,800,000 | 4,100,000 | -1,000,000 | 11,800,000 | 32,600,000 | -1,100,000 | 5,500,000 | 7,400,000 | 25,300,000 | -500,000 | 2,200,000 | 7,000,000 | 31,200,000 | -600,000 | 900,000 | 6,600,000 | 18,000,000 | 3,100,000 | 800,000 | 4,800,000 | 15,200,000 | -800,000 | 1,000,000 | 5,000,000 | 10,000,000 | -400,000 | 9,867,000 | 6,574,000 | 3,012,000 |
foreign exchange loss | -10,000,000 | 2,200,000 | -4,700,000 | 15,200,000 | -32,000,000 | 15,000,000 | 2,100,000 | 11,200,000 | -4,800,000 | -2,900,000 | 5,500,000 | 3,700,000 | 900,000 | ||||||||||||||||||
loss on disposal of assets | 200,000 | 200,000 | -200,000 | 100,000 | 0 | 0 | 100,000 | 200,000 | |||||||||||||||||||||||
share-based payment | 1,000,000 | 4,100,000 | 11,600,000 | -400,000 | 1,800,000 | 2,200,000 | 5,900,000 | -400,000 | 2,200,000 | 2,500,000 | 10,800,000 | -100,000 | 1,600,000 | 2,700,000 | 10,200,000 | -400,000 | 1,500,000 | 2,700,000 | 8,300,000 | 100,000 | 1,100,000 | 1,800,000 | 6,600,000 | ||||||||
remeasurement of put option | 800,000 | 1,100,000 | 6,700,000 | 1,900,000 | -3,300,000 | 2,100,000 | -3,300,000 | 2,200,000 | -5,400,000 | 8,100,000 | 11,400,000 | -2,200,000 | |||||||||||||||||||
remeasurement of contingent consideration | -700,000 | -100,000 | -14,800,000 | -200,000 | 9,600,000 | -10,700,000 | 4,700,000 | 100,000 | -1,000,000 | -1,000,000 | -700,000 | 1,500,000 | |||||||||||||||||||
changes in non-cash operating items | -47,900,000 | -29,200,000 | -85,800,000 | 193,900,000 | -12,400,000 | -63,100,000 | -123,500,000 | 201,300,000 | 31,600,000 | -98,900,000 | -230,000,000 | 226,800,000 | 51,300,000 | -123,500,000 | -227,200,000 | 206,900,000 | 44,400,000 | -106,900,000 | -51,400,000 | 194,200,000 | |||||||||||
arbitration award | -87,600,000 | 43,800,000 | |||||||||||||||||||||||||||||
income taxes paid | 15,400,000 | -22,300,000 | -1,300,000 | -2,000,000 | 3,500,000 | -5,400,000 | -58,700,000 | 11,300,000 | 11,200,000 | -30,100,000 | -31,400,000 | 4,500,000 | 6,100,000 | -16,200,000 | -19,300,000 | -4,800,000 | 10,000,000 | -11,100,000 | -3,900,000 | -500,000 | |||||||||||
interest paid | 100,000 | -8,500,000 | -30,600,000 | 3,000,000 | -700,000 | -10,500,000 | -30,300,000 | 800,000 | -5,400,000 | -7,500,000 | -23,500,000 | -300,000 | -1,600,000 | -6,700,000 | -21,300,000 | -4,400,000 | 500,000 | -7,100,000 | -16,700,000 | 1,100,000 | |||||||||||
net cash from operating activities | 27,500,000 | -142,800,000 | -55,600,000 | 398,400,000 | 92,500,000 | -142,900,000 | -183,700,000 | 405,500,000 | 152,100,000 | -209,300,000 | -234,700,000 | 388,800,000 | 159,100,000 | -196,900,000 | -210,000,000 | 388,300,000 | 127,800,000 | -154,500,000 | -38,900,000 | 346,100,000 | -200,200,000 | -173,200,000 | 88,226,000 | ||||||||
capital expenditures | -8,500,000 | -1,300,000 | -8,200,000 | -6,300,000 | -1,000,000 | -2,200,000 | -39,800,000 | 10,900,000 | -20,800,000 | -5,200,000 | -32,600,000 | -4,800,000 | -5,300,000 | -2,500,000 | -25,800,000 | -900,000 | -1,800,000 | -6,000,000 | -15,800,000 | -8,100,000 | 0 | 0 | 0 | ||||||||
free cash flows | 19,000,000 | -144,100,000 | -63,800,000 | 392,100,000 | 91,500,000 | -145,100,000 | -223,500,000 | 416,400,000 | 131,300,000 | -214,500,000 | -267,300,000 | 384,000,000 | 153,800,000 | -199,400,000 | -235,800,000 | 387,400,000 | 126,000,000 | -160,500,000 | -54,700,000 | 338,000,000 | -200,200,000 | -173,200,000 | 88,226,000 | ||||||||
investing activities | |||||||||||||||||||||||||||||||
purchase of property, plant and equipment | -8,500,000 | -1,300,000 | -8,200,000 | -6,300,000 | -1,000,000 | -2,200,000 | -39,800,000 | 10,900,000 | -20,800,000 | -5,200,000 | -32,600,000 | -4,800,000 | -5,300,000 | -2,500,000 | -25,800,000 | -900,000 | -1,800,000 | -6,000,000 | -15,800,000 | -8,100,000 | |||||||||||
initial direct costs of right-of-use assets | -200,000 | -100,000 | 200,000 | -300,000 | -1,000,000 | -100,000 | -900,000 | -200,000 | 300,000 | -400,000 | |||||||||||||||||||||
net cash from investing activities | -8,900,000 | -1,300,000 | -8,500,000 | -6,700,000 | -900,000 | -2,300,000 | -44,800,000 | -1,200,000 | -20,700,000 | -5,700,000 | -32,500,000 | 1,900,000 | -13,800,000 | -900,000 | -25,100,000 | -400,000 | -4,400,000 | -7,300,000 | -19,400,000 | -8,600,000 | |||||||||||
financing activities | |||||||||||||||||||||||||||||||
mainland china facilities borrowings | 41,200,000 | 16,600,000 | 12,500,000 | 12,600,000 | 14,900,000 | 4,600,000 | |||||||||||||||||||||||||
japan facility borrowings | 11,500,000 | 8,500,000 | -11,400,000 | 4,400,000 | 10,800,000 | -1,200,000 | 8,300,000 | -2,400,000 | 1,900,000 | 3,900,000 | |||||||||||||||||||||
revolving facility borrowings | -47,700,000 | 54,300,000 | |||||||||||||||||||||||||||||
term loan borrowings | 0 | ||||||||||||||||||||||||||||||
transaction costs on financing activities | 400,000 | -200,000 | -300,000 | 400,000 | 1,100,000 | -1,000,000 | -500,000 | -10,200,000 | |||||||||||||||||||||||
principal payments on lease liabilities | -1,500,000 | -19,400,000 | -62,500,000 | -3,100,000 | 700,000 | -20,800,000 | -48,200,000 | -5,700,000 | -1,900,000 | -13,400,000 | -45,000,000 | -3,700,000 | 300,000 | -13,800,000 | -33,700,000 | -3,500,000 | |||||||||||||||
settlement of term loan derivative contracts | 0 | 4,600,000 | |||||||||||||||||||||||||||||
net cash from financing activities | 30,400,000 | -182,700,000 | -1,000,000 | 59,700,000 | -28,400,000 | -276,500,000 | 93,100,000 | -21,000,000 | -161,400,000 | 72,500,000 | -6,300,000 | -189,400,000 | 203,500,000 | -91,100,000 | 121,500,000 | 109,806,000 | 90,650,000 | ||||||||||||||
effects of foreign currency exchange rate changes on cash | -1,200,000 | 2,200,000 | 6,800,000 | 500,000 | -700,000 | 2,500,000 | -1,500,000 | -500,000 | 3,500,000 | -2,500,000 | 4,400,000 | 2,500,000 | 3,400,000 | -1,800,000 | -10,600,000 | 3,500,000 | 7,500,000 | -6,800,000 | -8,500,000 | -3,600,000 | -300,000 | 400,000 | |||||||||
increase in cash | -26,900,000 | 209,500,000 | 127,300,000 | -248,300,000 | 231,800,000 | -498,900,000 | 515,700,000 | -35,000,000 | -172,000,000 | 133,500,000 | 316,500,000 | -132,200,000 | 128,400,000 | 28,600,000 | 52,500,000 | 52,449,000 | 3,636,000 | 3,425,000 | |||||||||||||
cash, beginning of period | -153,900,000 | 334,400,000 | 76,100,000 | 6,900,000 | -83,000,000 | 144,900,000 | 249,000,000 | -10,500,000 | -238,500,000 | 286,500,000 | 190,600,000 | 15,300,000 | -205,900,000 | 287,700,000 | 379,000,000 | -207,000,000 | -172,000,000 | 477,900,000 | -124,600,000 | -3,800,000 | 128,400,000 | 31,700,000 | 54,400,000 | 9,200,000 | -63,600,000 | 88,600,000 | 17,600,000 | 9,678,000 | 9,678,000 | 9,678,000 | |
cash, end of period | -86,300,000 | 180,500,000 | 49,200,000 | 216,400,000 | 6,900,000 | 61,900,000 | -9,400,000 | 116,800,000 | -10,500,000 | 48,000,000 | -57,700,000 | 247,100,000 | 15,300,000 | 81,800,000 | -119,900,000 | 308,700,000 | -207,000,000 | 305,900,000 | 8,900,000 | 312,700,000 | -3,800,000 | 160,100,000 | -40,300,000 | 37,800,000 | 9,200,000 | 25,000,000 | 70,100,000 | 62,127,000 | 13,314,000 | 13,103,000 | |
net loss | -125,500,000 | -74,000,000 | -85,000,000 | -63,600,000 | -56,700,000 | ||||||||||||||||||||||||||
income tax recovery | -38,600,000 | 12,900,000 | -26,100,000 | 13,800,000 | -29,200,000 | 17,400,000 | -24,500,000 | 14,900,000 | -20,500,000 | ||||||||||||||||||||||
foreign exchange gain | -3,400,000 | -1,900,000 | |||||||||||||||||||||||||||||
term loan repayments | -1,100,000 | 0 | -1,000,000 | -3,000,000 | 0 | 0 | -1,000,000 | -3,000,000 | 0 | 0 | -1,000,000 | -100,000 | -900,000 | ||||||||||||||||||
net cash (used in) from financing activities | -12,000,000 | -165,900,000 | -3,400,000 | ||||||||||||||||||||||||||||
decrease in cash | -153,900,000 | -83,000,000 | -238,500,000 | -205,900,000 | |||||||||||||||||||||||||||
net income | -40,000,000 | 137,300,000 | -73,300,000 | 127,300,000 | -68,600,000 | 132,500,000 | -57,300,000 | 142,900,000 | -36,800,000 | 96,600,000 | 33,700,000 | 57,400,000 | 40,200,000 | 53,500,000 | 87,963,000 | 25,038,000 | |||||||||||||||
impairment losses | |||||||||||||||||||||||||||||||
investment in intangible assets | -100,000 | -800,000 | 100,000 | -100,000 | -200,000 | -2,000,000 | 5,600,000 | -4,700,000 | -1,100,000 | 1,600,000 | 700,000 | -2,900,000 | -900,000 | -3,600,000 | -500,000 | ||||||||||||||||
net cash (outflow) inflow from business combination | |||||||||||||||||||||||||||||||
mainland china facilities (repayments) borrowings | 28,400,000 | ||||||||||||||||||||||||||||||
japan facility repayments | |||||||||||||||||||||||||||||||
revolving facility repayments | |||||||||||||||||||||||||||||||
normal course issuer bid purchase of subordinate voting shares | -87,100,000 | ||||||||||||||||||||||||||||||
issuance of shares | 0 | ||||||||||||||||||||||||||||||
net cash outflow from business combination | |||||||||||||||||||||||||||||||
canada goose holdings inc. | |||||||||||||||||||||||||||||||
gain on disposal of assets | 200,000 | -100,000 | |||||||||||||||||||||||||||||
acceleration of unamortized costs on debt extinguishment | 9,500,000 | 0 | 7,000,000 | ||||||||||||||||||||||||||||
revolving facility (repayments) borrowings | |||||||||||||||||||||||||||||||
net cash (outlfow) inflow from business combination | |||||||||||||||||||||||||||||||
japan facility (repayments) borrowings | |||||||||||||||||||||||||||||||
net cash inflow from business combination | 2,800,000 | ||||||||||||||||||||||||||||||
subordinate voting shares purchased and cancelled under ncib | -2,400,000 | -27,500,000 | -10,600,000 | -242,800,000 | 166,500,000 | ||||||||||||||||||||||||||
subordinate voting shares purchased and held for cancellation under ncib | 5,400,000 | ||||||||||||||||||||||||||||||
exercise of stock options | 5,800,000 | -3,300,000 | 3,400,000 | 1,200,000 | 1,300,000 | 2,600,000 | -200,000 | 300,000 | 2,100,000 | -200,000 | 200,000 | 300,000 | 2,800,000 | -1,100,000 | 585,000 | 207,000 | 148,000 | ||||||||||||||
term loan (repayments) borrowings | -2,800,000 | ||||||||||||||||||||||||||||||
mainland china facility borrowings | 7,200,000 | ||||||||||||||||||||||||||||||
principal paid on lease liabilities | -9,900,000 | -28,400,000 | -1,600,000 | ||||||||||||||||||||||||||||
business combination | |||||||||||||||||||||||||||||||
subordinate voting shares purchased for cancellation | |||||||||||||||||||||||||||||||
income tax (recovery) expense | |||||||||||||||||||||||||||||||
net borrowings on debt facilities | -189,200,000 | 212,100,000 | |||||||||||||||||||||||||||||
net repayments on debt facilities | |||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||
foreign exchange (gain) loss | |||||||||||||||||||||||||||||||
share-based compensation | 200,000 | 1,900,000 | 2,700,000 | -100,000 | 1,372,000 | 721,000 | 160,000 | ||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||
borrowings | |||||||||||||||||||||||||||||||
rent paid | |||||||||||||||||||||||||||||||
borrowings on revolving facility | 162,300,000 | 110,036,000 | 90,502,000 | ||||||||||||||||||||||||||||
unrealized foreign exchange loss | -700,000 | ||||||||||||||||||||||||||||||
write off deferred financing charges on debt repaid | |||||||||||||||||||||||||||||||
revaluation of term loan for change in interest rate | |||||||||||||||||||||||||||||||
net | |||||||||||||||||||||||||||||||
deferred financing fees | |||||||||||||||||||||||||||||||
repayment of credit facility | |||||||||||||||||||||||||||||||
recapitalization transactions: | |||||||||||||||||||||||||||||||
borrowings on term loan, net of deferred financing fees of 3.3 and original issue discount of 2.2 | |||||||||||||||||||||||||||||||
repayment of subordinated debt | |||||||||||||||||||||||||||||||
redemption of class a senior preferred shares | |||||||||||||||||||||||||||||||
redemption of class a junior preferred shares | |||||||||||||||||||||||||||||||
return of capital on class a common shares | |||||||||||||||||||||||||||||||
redemption of class b common and preferred shares | |||||||||||||||||||||||||||||||
public share offering: | |||||||||||||||||||||||||||||||
net proceeds of issue of subordinate voting shares, after underwriting commission of 7.2 | |||||||||||||||||||||||||||||||
share issue costs paid | |||||||||||||||||||||||||||||||
repayment of revolving facility | |||||||||||||||||||||||||||||||
repayment of term loan | |||||||||||||||||||||||||||||||
cash, beginning of year | |||||||||||||||||||||||||||||||
cash, end of year | |||||||||||||||||||||||||||||||
income taxes received | |||||||||||||||||||||||||||||||
net repayment on revolving facility | |||||||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss | |||||||||||||||||||||||||||||||
subsidiaries | |||||||||||||||||||||||||||||||
canada goose inc. | |||||||||||||||||||||||||||||||
canada goose us, inc. | |||||||||||||||||||||||||||||||
canada goose international ag | |||||||||||||||||||||||||||||||
canada goose uk retail limited | |||||||||||||||||||||||||||||||
canada goose international holdings limited | |||||||||||||||||||||||||||||||
canada goose europe ab | |||||||||||||||||||||||||||||||
canada goose services limited | |||||||||||||||||||||||||||||||
canada goose trading inc. | |||||||||||||||||||||||||||||||
canada goose asia holdings limited | |||||||||||||||||||||||||||||||
canada goose hk limited | |||||||||||||||||||||||||||||||
cg (shanghai) trading co., ltd. | |||||||||||||||||||||||||||||||
items not affecting cash | |||||||||||||||||||||||||||||||
unrealized foreign exchange gain | |||||||||||||||||||||||||||||||
borrowings on revolving facility, net of deferred financing charges of 148 | |||||||||||||||||||||||||||||||
deferred financing charges on the term loan | |||||||||||||||||||||||||||||||
borrowings on credit facility | |||||||||||||||||||||||||||||||
repayments of credit facility | |||||||||||||||||||||||||||||||
borrowings on term loan, net of deferred financing charges of 3,329 and original issue discount of 2,170 | |||||||||||||||||||||||||||||||
net proceeds of issue of subordinate voting shares, after underwriting commission of 7,239 | |||||||||||||||||||||||||||||||
issuance of class a junior preferred shares | |||||||||||||||||||||||||||||||
issuance of subordinated debt | |||||||||||||||||||||||||||||||
write off of deferred financing charges on refinancing revolving facility | |||||||||||||||||||||||||||||||
(repayment) borrowings on revolving facility | |||||||||||||||||||||||||||||||
deferred financing fees on term loan syndication | |||||||||||||||||||||||||||||||
borrowings on term loan, net of deferred financing charges of 3,427 and original issue discount paid of 2,167 | |||||||||||||||||||||||||||||||
shareholder advance | |||||||||||||||||||||||||||||||
unrealized loss on forward contracts | 203,000 | ||||||||||||||||||||||||||||||
write off of deferred financing charges on refinancing | |||||||||||||||||||||||||||||||
unrealized gain on forward exchange contracts | |||||||||||||||||||||||||||||||
borrowings on revolving facility, net of deferred financing charges of 2,479 |

