Overview

• Quarterly revenue rose 22.5 percent to C$107.8 million, driven by a 23.8 percent jump in direct-to-consumer sales.
• Comparable same-store sales increased 14.8 percent and wholesale revenue grew 11.9 percent, aided by expanded summer apparel offerings and new permanent store conversions.
• Operating losses widened to C$158.7 million from C$96.9 million a year earlier, propelled by a C$43.8 million arbitration award, network expansion costs and elevated marketing spend.
• Adjusted net loss per share deepened to C$0.91, steeper than analysts’ C$0.62 projection as the company absorbed one-time and investment expenses.
• Sources report that controlling shareholder Bain Capital is weighing a sale of its stake in Canada Goose.