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8	8	* Across all channels, Canada Goose is sold in 62 countries.
9	9	* During its Fall / Winter 2022 season, the company sold through over 1,500 wholesale points of distribution.
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12	12	[[image:GOOS0.jpg||height="296" width="717"]]
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33	33	February 1, 2024; Canada Goose Holdings Inc. announced financial results for the third quarter of fiscal 2024, which ended December 31, 2023.{{footnote}}https://investor.canadagoose.com/news/news-details/2024/Canada-Goose-Reports-Third-Quarter-Fiscal-2024-Results/default.aspx{{/footnote}}
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36		-Total revenue increased 6% to $609.9m compared to the prior year period, up 5% on a constant currency basis2.
	35	+Total revenue increased 6% to $609.9m compared to the prior year period, up 5% on a constant currency basis.
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39		-DTC revenue grew 14% to $514.0m, up 14% on a constant currency basis2, driven by growth of in-store retail sales. Sales from DTC channels increased as part of the total revenue mix to 84% from 78% in the same reporting period last year. DTC comparable sales3 decreased 1.6% year-over-year due to lower e-commerce sales, partially offset by higher comparable in-store sales compared to the same period in the prior year.
	38	+DTC revenue grew 14% to $514.0m, up 14% on a constant currency basis, driven by growth of in-store retail sales. Sales from DTC channels increased as part of the total revenue mix to 84% from 78% in the same reporting period last year. DTC comparable sales decreased 1.6% year-over-year due to lower e-commerce sales, partially offset by higher comparable in-store sales compared to the same period in the prior year.
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42		-Wholesale revenue decreased (28)% or (30)% on a constant currency basis2 primarily due to a planned lower order book value resulting from lower orders from existing customers, compared to the same period in the prior year, and the ongoing streamlining of wholesale relationships as the company optimize for greater DTC sales. In addition, the company estimated higher returns from its wholesale partners as the company proactively manage its inventory.
	41	+Wholesale revenue decreased (28)% or (30)% on a constant currency basis primarily due to a planned lower order book value resulting from lower orders from existing customers, compared to the same period in the prior year, and the ongoing streamlining of wholesale relationships as the company optimize for greater DTC sales. In addition, the company estimated higher returns from its wholesale partners as the company proactively manage its inventory.
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45		-Revenue grew by 62% year-over-year in Asia Pacific with higher sales across all channels. Revenue was down (26)% in EMEA4 and (14)% in North America year-over-year primarily due to the decline in e-commerce and wholesale revenue, partially offset by contribution from new stores.
	44	+Revenue grew by 62% year-over-year in Asia Pacific with higher sales across all channels. Revenue was down (26)% in EMEA and (14)% in North America year-over-year primarily due to the decline in e-commerce and wholesale revenue, partially offset by contribution from new stores.
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48	48	Gross profit grew 8% to $449.7m, compared to the prior year period. Gross margin for the quarter expanded to 73.7% compared to 72.2% in the third quarter of fiscal 2023, primarily due to pricing, partially offset by higher product costs due to input cost inflation.
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51		-Selling, general and administrative (SG&A)5 expenses were $250.9m, compared to $225.7m in the prior year period. The increase in SG&A was primarily due to its expanded retail network and set-up costs related to its Transformation Program.
	50	+Selling, general and administrative (SG&A) expenses were $250.9m, compared to $225.7m in the prior year period. The increase in SG&A was primarily due to its expanded retail network and set-up costs related to its Transformation Program.
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54		-Operating lncome 5 was $198.8m, compared to $190.7m in the prior year period. The increase in operating income was attributable to higher gross profit, partially offset by higher SG&A costs.
	53	+Operating income was $198.8m, compared to $190.7m in the prior year period. The increase in operating income was attributable to higher gross profit, partially offset by higher SG&A costs.
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57		-Adjusted EBIT5,6 was $207.2m, compared to $197.1m in the prior year period. Net Income attributable to shareholders was $130.6m, or $1.29 per diluted share, compared with a net income attributable to shareholders of $134.9m, or $1.28 per diluted share in the prior year period. Adjusted net income to shareholders6 was $138.6m, or $1.37 per diluted share, compared with an adjusted net income of $134.5m, or $1.27 per diluted share in the prior year period.
	56	+Adjusted EBIT was $207.2m, compared to $197.1m in the prior year period. Net Income attributable to shareholders was $130.6m, or $1.29 per diluted share, compared with a net income attributable to shareholders of $134.9m, or $1.28 per diluted share in the prior year period. Adjusted net income to shareholders was $138.6m, or $1.37 per diluted share, compared with an adjusted net income of $134.5m, or $1.27 per diluted share in the prior year period.
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60	60	**Fiscal Year 2023 Results**
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116	116	* 2018: Canada Goose acquires Baffin Inc., a Canadian designer and manufacturer of performance outdoor and industrial footwear. Canada Goose expands into China, with an e-commerce channel and its first stores in Beijing and Hong Kong.
117	117	* 2022: Canada Goose joins forces with long-time partner, Sazaby League Ltd., to create the joint venture Canada Goose Japan.
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120	120	= References =
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