Canada Goose sees FY24 adjusted EPS C$1.20-C$1.48

Sees FY24 total revenue C$1.4B-C$1.5B. This outlook is based on a number of assumptions for fiscal 2024, including the following: The macro-economic environment does not materially worsen in any of the Company’s geographies; DTC revenue in the mid-to-high 70s as a percentage of total revenue, driven by mid single digits to mid teens comparable sales growth and continued channel expansion; Approximate % of FY24 total revenue by quarter: Q2 20%, Q3 50%, Q4 25%; Wholesale revenue decline of 6% reflective of the continued editing of our wholesale door count (-6%) and expansion of retail store network; 16 permanent retail stores to open which we expect to be fully operational in the second half of the year, concentrated in Mainland China, the USA and Japan; Gross margin in the high 60s as a % of total revenue, with DTC and wholesale gross margins in the mid 70s and mid to high 40s, respectively; No benefits included from the Transformation Program in fiscal 2024; Effective tax rate in the low 20s as a percentage of income before taxes for FY24; and Weighted average diluted shares outstanding of 106.3m for FY24.