<\/p>\n
Canada Goose Reports Second Quarter Fiscal 2027 Results<\/b><\/p>\n TORONTO–(BUSINESS WIRE<\/a>)– \n\u201cOur second-quarter results demonstrate continued progress in building a stronger, more diversified Canada Goose,\u201d said Dani Reiss, Chairman & CEO of Canada Goose. \u201cWe\u2019re expanding our cultural relevance, building momentum across lifestyle categories, and strengthening the underlying economics of our business. As we enter our most important selling season, we\u2019re confident in the strength of our brand, our product, and the opportunities ahead.\u201d<\/p>\n Second Quarter Fiscal 2027 Business Highlights<\/b><\/p>\n \nIn the second quarter, we advanced initiatives across product, brand, and channels that are strengthening our operating model and positioning the business for sustainable long-term growth.<\/p>\n Second Quarter Financial Highlights4<\/sup><\/b><\/p>\n Results from continuing operations following the sale of Baffin<\/i><\/p>\n All Year-Over-Year Comparisons Unless Otherwise Noted<\/i><\/p>\n Balance Sheet Highlights<\/b><\/p>\n \nInventory of $496.6m for the second quarter ended September 27, 2026 was up 8% year-over-year, primarily reflecting an expanded product assortment, lower than planned DTC sales, a larger wholesale order book, and planned production growth to support anticipated demand ahead of our peak season. Inventory turnover3<\/sup> was 1.0x at the end of the second quarter of fiscal 2027, an 8% increase over the same prior year period.<\/p>\n \nThe Company ended the second quarter of fiscal 2027 with net debt2<\/sup> of $781.9m, compared to $707.1m at the end of the second quarter of fiscal 2026 due to an increase in lease liabilities.<\/p>\n \nDuring the second quarter of fiscal 2027, the Company repurchased 2,092,572 subordinate voting shares for a total cash consideration of $23.7m, ending the quarter with a cash balance of $87.1m, compared to $94.2m at the end of the second quarter of fiscal 2026.<\/p>\n Fiscal 2027 Outlook<\/b><\/p>\n \nThis outlook constitutes forward-looking information within the meaning of applicable securities laws. The purpose of this outlook is to provide a description of management’s expectations regarding the Company’s annual financial performance and may not be appropriate for other purposes. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond the Company\u2019s control. Please see \u201cCautionary Note Regarding Forward-Looking Statements” below for more information.<\/p>\n \nBased on our current visibility into the business and the progress of initiatives already underway, we reiterate our fiscal 2027 outlook as set forth below. Our outlook incorporates the expected impact of the Baffin Sale and reflects our current assessment of operating conditions, underlying demand trends, and the level of execution we believe is achievable.<\/p>\n \nFor fiscal 2027, we expect:<\/p>\n \nOur outlook assumes:<\/p>\n 1<\/sup> Constant currency revenue is a non-IFRS financial measure. See \u201cNon-IFRS Financial Measures and Other Specified Financial Measures\u201d for more information. Renewal of Normal Course Issuer Bid<\/b><\/p>\n \nThe Company further announced today that its renewed normal course issuer bid (the \u201cNCIB\u201d) will commence on November 10, 2026. The Toronto Stock Exchange (\u201cTSX\u201d) has approved purchases for cancellation of up to 3,156,958 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 10, 2026 and ending no later than November 9, 2027. This represents 10% of the 31,569,580 subordinate voting shares comprising the public float (the \u201cPublic Float\u201d) determined in accordance with TSX requirements as at October 31, 2026. As at October 31, 2026, there were 43,230,772 subordinate voting shares issued and outstanding.<\/p>\n \nCanada Goose currently believes that the purchase of the Company\u2019s subordinate voting shares under the NCIB is an appropriate and desirable use of available excess cash on hand, as part of its broader capital allocation strategy.<\/p>\n \nThe NCIB will be conducted through the facilities of the TSX and the New York Stock Exchange (\u201cNYSE\u201d) or alternative trading systems in Canada and the United States, if eligible, and will conform to their regulations. Subordinate voting shares will be acquired under the NCIB at the market price plus brokerage fees. Purchases under the NCIB will be made by means of open market transactions or such other means as a securities regulatory authority may permit. In the event that the Company acquires subordinate voting shares by other means as a securities regulatory authority may permit, the purchase price of the subordinate voting shares may be different than the market price of the subordinate voting shares at the time of the acquisition. Purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order. Furthermore, under the NCIB, Canada Goose may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) at market price, in accordance with TSX rules. Canada Goose will otherwise be allowed to purchase daily, through the facilities of the TSX, a maximum of 52,213 subordinate voting shares representing 25% of the average daily trading volume of 208,852 subordinate voting shares, as calculated per the TSX rules for the six-month period starting on May 1, 2026 and ending on October 31, 2026.<\/p>\n \nIn connection with the NCIB, the Company also re-entered into an automatic share purchase plan (\u201cASPP\u201d) with the designated broker responsible for the NCIB, allowing for the purchase of subordinate voting shares under the NCIB at times when Canada Goose would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, before entering into a blackout period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with certain purchasing parameters. Such purchases will be made by the designated broker based on such purchasing parameters, without further instructions by Canada Goose, in compliance with the rules of the TSX, applicable securities laws and the terms of the ASPP. The ASPP has been pre-cleared by the TSX and will be implemented concurrently with the initiation of the NCIB.<\/p>\n \nPursuant to exemptive relief granted by the Ontario Securities Commission (\u201cOSC\u201d) to the Company on January 24, 2025, Canada Goose is allowed to purchase up to 10% of its Public Float through the facilities of the NYSE and other U.S.-based trading systems as part of any NCIB implemented in the 36 months following the date of the decision, and will therefore not be limited on such trading platforms to purchasing 5% of its outstanding subordinate voting shares at the beginning of any 12-month period as Canadian securities laws would otherwise provide. A copy of the decision from the OSC has been filed under Canada Goose\u2019s SEDAR+ profile at www.sedarplus.ca<\/a>.<\/p>\n \nUnder the Company\u2019s existing NCIB for the 12-month period beginning on November 10, 2025 and ending on November 9, 2026, Canada Goose is authorized to repurchase up to 4,578,677 subordinate voting shares, or 10% of its Public Float as at October 27, 2025. As at October 31, 2026, the Company had repurchased 3,487,620 of its subordinate voting shares at weighted average purchase price per subordinate voting share of CAD$11.30 through the facilities of the TSX and the NYSE and alternative trading systems in Canada and the United States.<\/p>\n Conference Call Information<\/b><\/p>\n \nThe Company will host the conference call at 8:30 a.m. EST on November 5, 2026. The conference call can be accessed by using the following link: https:\/\/events.q4inc.com\/attendee\/566276627<\/a><\/span>. After registering, an email will be sent including dial-in details and a unique conference call pin required to join the live call. A live webcast of the conference call will also be available on the investor relations page of the Company’s website at http:\/\/investor.canadagoose.com<\/a><\/span>.<\/p>\n About Canada Goose<\/b><\/p>\n \nCanada Goose is dedicated to empowering discovery and pushing boundaries in design, functionality, and style. Inspired by our Canadian heritage, we craft high-performance outerwear, apparel, footwear, and accessories that elevate craftsmanship and embrace individuality. Rooted in resilience and driven by a pioneering spirit, we embolden explorers to thrive in all environments while preserving the planet they roam. For more information, visit www.canadagoose.com<\/a><\/span>.<\/p>\n Cautionary Note Regarding Forward-Looking Statements<\/b><\/p>\n \nThis press release contains forward-looking statements within the meaning of applicable securities laws, including statements relating to our fiscal 2027 financial outlook, the related assumptions included herein including the expected impacts of the recently enacted U.S. duties and developments related thereto, the NCIB and the ASPP and the intended repurchase of subordinate voting shares of the Company thereunder, our business strategy and our expected operating performance and prospects. These forward-looking statements generally can be identified by the use of words such as \u201cbelieve,\u201d \u201ccould,\u201d \u201ccontinue,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cmay,\u201d \u201cpotential,\u201d \u201cwould,\u201d \u201cwill,\u201d and other words of similar meaning. Each forward-looking statement contained in this press release is subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the impact on our operations of the current global economic conditions and international trade environment and their evolution, the expected impacts of the recently enacted U.S. duties on our operations as further discussed herein, as well as the other risk factors that are discussed under \u201cCautionary Note Regarding Forward-Looking Statements\u201d and \u201cFactors Affecting Our Performance\u201d in our Management\u2019s Discussion and Analysis (\u201cMD&A\u201d) for the year ended March 29, 2026 and for the second quarter ended September 27, 2026, as well as under \u201cRisk Factors\u201d in our Annual Report on Form 20-F for the year ended March 29, 2026. You are also encouraged to read our filings with the SEC, available at www.sec.gov<\/a>, and our filings with Canadian securities regulatory authorities available on SEDAR+ at www.sedarplus.ca<\/a> for a discussion of these and other risks and uncertainties. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. We caution investors not to rely on the forward-looking statements contained in this press release when making an investment decision in our securities.<\/p>\n \nAlthough we base the forward-looking statements contained in this press release on assumptions that we believe are reasonable, we caution readers that actual results and developments (including our results of operations, financial condition and liquidity, the achievement of our targets, goals and commitments, and the development of the industry in which we operate) may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional impacts may arise that we are not aware of currently. The potential of such additional impacts intensifies the business and operating risks which we face, and these should be considered when reading the forward-looking statements contained in this press release. In addition, even if results and developments are consistent with the forward-looking statements contained in this press release, those results and developments may not be indicative of results or developments in subsequent periods. As a result, any or all of our forward-looking statements in this press release may prove to be inaccurate. No forward-looking statement is a guarantee of future results. Moreover, we operate in a highly competitive and rapidly changing environment in which new risks often emerge. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements. You should read this press release and the documents that we reference herein completely and with the understanding that our actual future results may be materially different from what we expect. The forward-looking statements contained herein are made as of the date of this press release (or as of the date specifically indicated therein), and we do not assume any obligation to update any forward-looking statements except as required by applicable laws.<\/p>\n Condensed Consolidated Interim Statements of Loss \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Two quarters ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n September 27, September 28, \n\u00a0<\/p>\n<\/td>\n September 27, September 28, \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n<\/tr>\n \nRevenue<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n274.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n258.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n389.9<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n362.9<\/p>\n<\/td>\n<\/tr>\n \nCost of sales<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n91.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n93.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n133.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n131.7<\/p>\n<\/td>\n<\/tr>\n Gross profit<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n182.9<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n165.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n256.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n231.2<\/p>\n<\/td>\n<\/tr>\n \nSelling, general & administrative expenses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n204.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n183.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n380.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n408.1<\/p>\n<\/td>\n<\/tr>\n Operating loss<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(21.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(123.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(176.9)<\/p>\n<\/td>\n<\/tr>\n \nNet interest, finance and other costs<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16.9<\/p>\n<\/td>\n<\/tr>\n Loss before income taxes<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(31.9)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(29.1)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(154.9)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(193.8)<\/p>\n<\/td>\n<\/tr>\n \nIncome tax recovery<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(13.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(11.7)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(44.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50.5)<\/p>\n<\/td>\n<\/tr>\n Net loss from continuing operations<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(110.1)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(143.3)<\/p>\n<\/td>\n<\/tr>\n Net (loss) income from discontinued operations<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n Net loss<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(26.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(119.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(142.9)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAttributable to:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShareholders of the Company<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nContinuing operations<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(15.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(108.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(140.8)<\/p>\n<\/td>\n<\/tr>\n \nDiscontinued operations<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n \nNon-controlling interest<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.9)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2.5)<\/p>\n<\/td>\n<\/tr>\n Net Loss<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(26.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(119.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(142.9)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Loss per share attributable to shareholders of the Company<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic & diluted1<\/sup><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.27)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.16)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1.21)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1.45)<\/p>\n<\/td>\n<\/tr>\n \nContinuing operations<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.19)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.16)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1.11)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1.45)<\/p>\n<\/td>\n<\/tr>\n \nDiscontinued operations<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.08)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.10)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Subordinate voting shares issuable on the exercise of stock options are not treated as dilutive if including them would decrease the loss per share or if the average daily closing share price for the period was lower than the exercise price. Accordingly, for the second and two quarters ended September 27, 2026, 2,564,903 and 2,404,688 potentially dilutive shares, respectively, were excluded from the calculation of diluted loss per share because their effect was anti-dilutive (for the second and two quarters ended September 28, 2025 – 2,149,295 and 1,791,337 shares, respectively).<\/i><\/p>\n<\/td>\n<\/tr>\n Condensed Consolidated Interim Statements of Comprehensive Loss \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Two quarters ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n September 27, September 28, \n\u00a0<\/p>\n<\/td>\n September 27, September 28, \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n<\/tr>\n Net loss from continuing operations<\/b><\/p>\n<\/td>\n \n(18.5)<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(110.1)<\/p>\n<\/td>\n \n(143.3)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Other comprehensive loss<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nItems that will not be reclassified to earnings, net of tax:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nActuarial loss on post-employment obligation<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(0.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.2)<\/p>\n<\/td>\n \n(0.2)<\/p>\n<\/td>\n<\/tr>\n \nItems that may be reclassified to earnings, net of tax:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCumulative translation adjustment (loss) gain<\/p>\n<\/td>\n \n(4.1)<\/p>\n<\/td>\n \n8.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.6)<\/p>\n<\/td>\n \n21.6<\/p>\n<\/td>\n<\/tr>\n \nNet gain (loss) on derivatives designated as cash flow hedges<\/p>\n<\/td>\n \n5.6<\/p>\n<\/td>\n \n(5.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.9<\/p>\n<\/td>\n \n(7.2)<\/p>\n<\/td>\n<\/tr>\n \nReclassification of net gain on cash flow hedges to income<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(0.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(0.5)<\/p>\n<\/td>\n<\/tr>\n \nOther comprehensive income from continuing operations<\/p>\n<\/td>\n \n1.5<\/p>\n<\/td>\n \n2.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.1<\/p>\n<\/td>\n \n13.7<\/p>\n<\/td>\n<\/tr>\n Comprehensive loss from continuing operations<\/b><\/p>\n<\/td>\n \n(17.0)<\/p>\n<\/td>\n \n(15.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(107.0)<\/p>\n<\/td>\n \n(129.6)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net (loss) income from discontinued operations<\/b><\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n \nOther comprehensive income from discontinued operations<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n Comprehensive (loss) income from discontinued operations<\/b><\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Comprehensive loss<\/b><\/p>\n<\/td>\n \n(24.8)<\/p>\n<\/td>\n \n(15.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(116.2)<\/p>\n<\/td>\n \n(129.2)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAttributable to:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShareholders of the Company<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nContinuing operations<\/p>\n<\/td>\n \n(17.8)<\/p>\n<\/td>\n \n(12.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(105.8)<\/p>\n<\/td>\n \n(126.7)<\/p>\n<\/td>\n<\/tr>\n \nDiscontinued operations<\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n \nNon-controlling interest<\/p>\n<\/td>\n \n0.8<\/p>\n<\/td>\n \n(2.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.2)<\/p>\n<\/td>\n \n(2.9)<\/p>\n<\/td>\n<\/tr>\n Comprehensive loss<\/b><\/p>\n<\/td>\n \n(24.8)<\/p>\n<\/td>\n \n(15.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(116.2)<\/p>\n<\/td>\n \n(129.2)<\/p>\n<\/td>\n<\/tr>\n Condensed Consolidated Interim Statements of Financial Position \n\u00a0<\/p>\n<\/td>\n September 27, September 28, March 29, \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Reclassified<\/i><\/p>\n<\/td>\n Reclassified<\/i><\/p>\n<\/td>\n<\/tr>\n Assets<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Current assets<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash<\/p>\n<\/td>\n \n87.1<\/p>\n<\/td>\n \n94.2<\/p>\n<\/td>\n \n408.2<\/p>\n<\/td>\n<\/tr>\n \nTrade receivables<\/p>\n<\/td>\n \n157.3<\/p>\n<\/td>\n \n155.4<\/p>\n<\/td>\n \n108.4<\/p>\n<\/td>\n<\/tr>\n \nInventories<\/p>\n<\/td>\n \n496.6<\/p>\n<\/td>\n \n460.7<\/p>\n<\/td>\n \n386.3<\/p>\n<\/td>\n<\/tr>\n \nIncome taxes receivable<\/p>\n<\/td>\n \n24.7<\/p>\n<\/td>\n \n34.7<\/p>\n<\/td>\n \n19.9<\/p>\n<\/td>\n<\/tr>\n \nOther current assets<\/p>\n<\/td>\n \n56.2<\/p>\n<\/td>\n \n70.4<\/p>\n<\/td>\n \n45.6<\/p>\n<\/td>\n<\/tr>\n Total current assets<\/b><\/p>\n<\/td>\n \n821.9<\/p>\n<\/td>\n \n815.4<\/p>\n<\/td>\n \n968.4<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred income taxes<\/p>\n<\/td>\n \n125.5<\/p>\n<\/td>\n \n140.6<\/p>\n<\/td>\n \n76.9<\/p>\n<\/td>\n<\/tr>\n \nProperty, plant and equipment<\/p>\n<\/td>\n \n164.4<\/p>\n<\/td>\n \n161.8<\/p>\n<\/td>\n \n161.5<\/p>\n<\/td>\n<\/tr>\n \nIntangible assets<\/p>\n<\/td>\n \n123.9<\/p>\n<\/td>\n \n129.9<\/p>\n<\/td>\n \n127.9<\/p>\n<\/td>\n<\/tr>\n \nRight-of-use assets<\/p>\n<\/td>\n \n363.8<\/p>\n<\/td>\n \n285.9<\/p>\n<\/td>\n \n332.1<\/p>\n<\/td>\n<\/tr>\n \nGoodwill<\/p>\n<\/td>\n \n71.2<\/p>\n<\/td>\n \n72.0<\/p>\n<\/td>\n \n71.1<\/p>\n<\/td>\n<\/tr>\n \nOther long-term assets<\/p>\n<\/td>\n \n41.9<\/p>\n<\/td>\n \n1.2<\/p>\n<\/td>\n \n15.3<\/p>\n<\/td>\n<\/tr>\n Total assets<\/b><\/p>\n<\/td>\n \n1,712.6<\/p>\n<\/td>\n \n1,606.8<\/p>\n<\/td>\n \n1,753.2<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Liabilities<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Current liabilities<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable and accrued liabilities<\/p>\n<\/td>\n \n245.6<\/p>\n<\/td>\n \n228.2<\/p>\n<\/td>\n \n214.0<\/p>\n<\/td>\n<\/tr>\n \nProvisions<\/p>\n<\/td>\n \n45.0<\/p>\n<\/td>\n \n43.3<\/p>\n<\/td>\n \n45.8<\/p>\n<\/td>\n<\/tr>\n \nIncome taxes payable<\/p>\n<\/td>\n \n11.6<\/p>\n<\/td>\n \n25.4<\/p>\n<\/td>\n \n11.7<\/p>\n<\/td>\n<\/tr>\n \nShort-term borrowings<\/p>\n<\/td>\n \n37.9<\/p>\n<\/td>\n \n45.0<\/p>\n<\/td>\n \n4.2<\/p>\n<\/td>\n<\/tr>\n \nCurrent portion of lease liabilities<\/p>\n<\/td>\n \n92.6<\/p>\n<\/td>\n \n89.3<\/p>\n<\/td>\n \n92.8<\/p>\n<\/td>\n<\/tr>\n Total current liabilities<\/b><\/p>\n<\/td>\n \n432.7<\/p>\n<\/td>\n \n431.2<\/p>\n<\/td>\n \n368.5<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProvisions<\/p>\n<\/td>\n \n20.1<\/p>\n<\/td>\n \n16.4<\/p>\n<\/td>\n \n19.0<\/p>\n<\/td>\n<\/tr>\n \nDeferred income taxes<\/p>\n<\/td>\n \n7.1<\/p>\n<\/td>\n \n12.5<\/p>\n<\/td>\n \n11.0<\/p>\n<\/td>\n<\/tr>\n \nRevolving Facility<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n7.4<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nTerm Loan<\/p>\n<\/td>\n \n416.7<\/p>\n<\/td>\n \n408.6<\/p>\n<\/td>\n \n406.4<\/p>\n<\/td>\n<\/tr>\n \nLease liabilities<\/p>\n<\/td>\n \n320.6<\/p>\n<\/td>\n \n243.8<\/p>\n<\/td>\n \n281.8<\/p>\n<\/td>\n<\/tr>\n \nOther long-term liabilities<\/p>\n<\/td>\n \n42.7<\/p>\n<\/td>\n \n50.6<\/p>\n<\/td>\n \n38.7<\/p>\n<\/td>\n<\/tr>\n Total liabilities<\/b><\/p>\n<\/td>\n \n1,239.9<\/p>\n<\/td>\n \n1,170.5<\/p>\n<\/td>\n \n1,125.4<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Equity<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nEquity attributable to shareholders of the Company<\/p>\n<\/td>\n \n454.5<\/p>\n<\/td>\n \n423.8<\/p>\n<\/td>\n \n608.4<\/p>\n<\/td>\n<\/tr>\n \nNon-controlling interests<\/p>\n<\/td>\n \n18.2<\/p>\n<\/td>\n \n12.5<\/p>\n<\/td>\n \n19.4<\/p>\n<\/td>\n<\/tr>\n Total equity<\/b><\/p>\n<\/td>\n \n472.7<\/p>\n<\/td>\n \n436.3<\/p>\n<\/td>\n \n627.8<\/p>\n<\/td>\n<\/tr>\n Total liabilities and equity<\/b><\/p>\n<\/td>\n \n1,712.6<\/p>\n<\/td>\n \n1,606.8<\/p>\n<\/td>\n \n1,753.2<\/p>\n<\/td>\n<\/tr>\n Condensed Consolidated Interim Statements of Cash Flows \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Two quarters ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n September 27, September 28, \n\u00a0<\/p>\n<\/td>\n September 27, September 28, \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Reclassified<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Reclassified<\/i><\/p>\n<\/td>\n<\/tr>\n Operating activities<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet loss from continuing operations<\/p>\n<\/td>\n \n(18.5)<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(110.1)<\/p>\n<\/td>\n \n(143.3)<\/p>\n<\/td>\n<\/tr>\n \nItems not affecting cash:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and amortization<\/p>\n<\/td>\n \n38.8<\/p>\n<\/td>\n \n31.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n74.3<\/p>\n<\/td>\n \n62.0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax recovery<\/p>\n<\/td>\n \n(13.4)<\/p>\n<\/td>\n \n(11.7)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(44.8)<\/p>\n<\/td>\n \n(50.5)<\/p>\n<\/td>\n<\/tr>\n \nInterest expense<\/p>\n<\/td>\n \n12.4<\/p>\n<\/td>\n \n10.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25.7<\/p>\n<\/td>\n \n14.8<\/p>\n<\/td>\n<\/tr>\n \nForeign exchange loss (gain)<\/p>\n<\/td>\n \n0.7<\/p>\n<\/td>\n \n1.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.1)<\/p>\n<\/td>\n \n(2.1)<\/p>\n<\/td>\n<\/tr>\n \nAcceleration of unamortized costs on debt extinguishment<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nLoss (gain) on disposal of assets<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.9)<\/p>\n<\/td>\n \n0.6<\/p>\n<\/td>\n<\/tr>\n \nShare-based payment<\/p>\n<\/td>\n \n6.2<\/p>\n<\/td>\n \n5.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.3<\/p>\n<\/td>\n \n9.2<\/p>\n<\/td>\n<\/tr>\n \nRemeasurement of put option<\/p>\n<\/td>\n \n(1.7)<\/p>\n<\/td>\n \n1.9<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.1<\/p>\n<\/td>\n \n3.0<\/p>\n<\/td>\n<\/tr>\n \nRemeasurement of contingent consideration<\/p>\n<\/td>\n \n(0.4)<\/p>\n<\/td>\n \n(0.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.4)<\/p>\n<\/td>\n \n(0.9)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n24.1<\/p>\n<\/td>\n \n20.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(39.9)<\/p>\n<\/td>\n \n(107.2)<\/p>\n<\/td>\n<\/tr>\n \nChanges in non-cash operating items<\/p>\n<\/td>\n \n(104.2)<\/p>\n<\/td>\n \n(77.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(208.8)<\/p>\n<\/td>\n \n(106.6)<\/p>\n<\/td>\n<\/tr>\n \nArbitration award payment<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(43.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nIncome taxes paid<\/p>\n<\/td>\n \n(5.6)<\/p>\n<\/td>\n \n(6.9)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(12.6)<\/p>\n<\/td>\n \n(29.2)<\/p>\n<\/td>\n<\/tr>\n \nInterest paid<\/p>\n<\/td>\n \n(10.7)<\/p>\n<\/td>\n \n(8.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(23.8)<\/p>\n<\/td>\n \n(16.9)<\/p>\n<\/td>\n<\/tr>\n \nNet cash (used in) from operating activities of discontinued operations<\/p>\n<\/td>\n \n(0.6)<\/p>\n<\/td>\n \n0.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.0)<\/p>\n<\/td>\n \n1.2<\/p>\n<\/td>\n<\/tr>\n Net cash used in operating activities<\/b><\/p>\n<\/td>\n \n(97.0)<\/p>\n<\/td>\n \n(115.1)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(286.1)<\/p>\n<\/td>\n \n(258.7)<\/p>\n<\/td>\n<\/tr>\n Investing activities<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPurchase of property, plant and equipment<\/p>\n<\/td>\n \n(12.2)<\/p>\n<\/td>\n \n(9.9)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(16.9)<\/p>\n<\/td>\n \n(10.3)<\/p>\n<\/td>\n<\/tr>\n \nInitial direct costs of right-of-use assets<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(0.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(0.4)<\/p>\n<\/td>\n<\/tr>\n \nBaffin sale proceeds, net of transaction costs<\/p>\n<\/td>\n \n15.1<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15.1<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nNet cash used in investing activities of discontinued operations<\/p>\n<\/td>\n \n(0.1)<\/p>\n<\/td>\n \n(0.1)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.1)<\/p>\n<\/td>\n \n(0.2)<\/p>\n<\/td>\n<\/tr>\n Net cash from (used in) investing activities<\/b><\/p>\n<\/td>\n \n2.8<\/p>\n<\/td>\n \n(10.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.9)<\/p>\n<\/td>\n \n(10.9)<\/p>\n<\/td>\n<\/tr>\n Financing activities<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nMainland China Facilities borrowings<\/p>\n<\/td>\n \n3.5<\/p>\n<\/td>\n \n13.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.0<\/p>\n<\/td>\n \n13.4<\/p>\n<\/td>\n<\/tr>\n \nJapan Facility borrowings<\/p>\n<\/td>\n \n17.4<\/p>\n<\/td>\n \n20.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n29.7<\/p>\n<\/td>\n \n28.5<\/p>\n<\/td>\n<\/tr>\n \nRevolving Facility borrowings<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n8.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n8.0<\/p>\n<\/td>\n<\/tr>\n \nTerm Loan (repayments) borrowings<\/p>\n<\/td>\n \n(1.1)<\/p>\n<\/td>\n \n17.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2.1)<\/p>\n<\/td>\n \n16.6<\/p>\n<\/td>\n<\/tr>\n \nTransaction costs on financing activities<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n(6.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.3)<\/p>\n<\/td>\n \n(6.6)<\/p>\n<\/td>\n<\/tr>\n \nNormal course issuer bid purchase of subordinate voting shares<\/p>\n<\/td>\n \n(22.5)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(22.5)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nPrincipal payments on lease liabilities<\/p>\n<\/td>\n \n(21.0)<\/p>\n<\/td>\n \n(20.7)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(43.4)<\/p>\n<\/td>\n \n(39.8)<\/p>\n<\/td>\n<\/tr>\n \nSettlement of term loan derivative contracts<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n6.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n6.6<\/p>\n<\/td>\n<\/tr>\n \nIssuance of shares under LTIP<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.1<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n \nNet cash used in financing activities of discontinued operations<\/p>\n<\/td>\n \n(0.1)<\/p>\n<\/td>\n \n(0.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.4)<\/p>\n<\/td>\n \n(0.5)<\/p>\n<\/td>\n<\/tr>\n Net cash (used in) from financing activities<\/b><\/p>\n<\/td>\n \n(23.8)<\/p>\n<\/td>\n \n38.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(35.9)<\/p>\n<\/td>\n \n26.2<\/p>\n<\/td>\n<\/tr>\n \nEffects of foreign currency exchange rate changes on cash<\/p>\n<\/td>\n \n(1.8)<\/p>\n<\/td>\n \n1.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.8<\/p>\n<\/td>\n \n3.2<\/p>\n<\/td>\n<\/tr>\n \nDecrease in cash<\/p>\n<\/td>\n \n(119.8)<\/p>\n<\/td>\n \n(86.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(321.1)<\/p>\n<\/td>\n \n(240.2)<\/p>\n<\/td>\n<\/tr>\n Cash, beginning of period<\/b><\/p>\n<\/td>\n \n206.9<\/p>\n<\/td>\n \n180.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n408.2<\/p>\n<\/td>\n \n334.4<\/p>\n<\/td>\n<\/tr>\n Cash, end of period<\/b><\/p>\n<\/td>\n \n87.1<\/p>\n<\/td>\n \n94.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n87.1<\/p>\n<\/td>\n \n94.2<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Non-IFRS Financial Measures and Other Specified Financial Measures<\/b><\/p>\n \nThis press release includes references to certain non-IFRS financial measures such as adjusted EBIT, adjusted EBITDA, adjusted net loss attributable to shareholders of the Company, net debt, and constant currency revenue and certain non-IFRS ratios such as adjusted EBIT margin, adjusted net loss per basic and diluted share attributable to the shareholders of the Company and net debt leverage. These financial measures are employed by the Company to measure its operating and economic performance and to assist in business decision-making, as well as providing key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, certain investors and analysts use this information to evaluate the Company\u2019s operating and financial performance. These financial measures are not defined under IFRS Accounting Standards nor do they replace or supersede any standardized measure under IFRS Accounting Standards. Other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures. Additional information, including definitions and reconciliations of non-IFRS financial measures to the nearest IFRS financial measure can be found in our MD&A for the second and two quarters ended September 27, 2026, under \u201cNon-IFRS Financial Measures and Other Specified Financial Measures\u201d. Such reconciliations can also be found in this press release under \u201cReconciliation of Non-IFRS Measures\u201d below.<\/p>\n \nUnless otherwise noted, non-IFRS financial measures presented herein reflect continuing operations only, with amounts attributable to discontinued operations in connection with the Baffin Sale excluded from both current and comparative periods.<\/p>\n \nThis press release also includes references to DTC comparable sales (decline) growth which is a supplementary financial measure defined as a rate of (decline) growth of sales on a constant currency basis from e-Commerce sites and stores which have been operating for one full year (12 successive fiscal months). The measure excludes store sales from both periods for the specific trading days when the stores were closed, whether those closures occurred in the current period or the comparative period. The DTC comparable sales (decline) growth metric reported by the Company may not be equivalent to similarly titled metrics reported by other companies.<\/p>\n \nThis press release also includes references to inventory turnover which is a supplementary financial measure defined as the ratio of rolling 12-month cost of goods sold to average inventory, calculated as the average inventory balances for the last five quarters. The measure is used to assess inventory management efficiency and the rate at which inventory is sold and replenished. The inventory turnover metric reported by the Company may not be equivalent to similarly titled measures presented by other companies.<\/p>\n Reconciliation of Non-IFRS Measures<\/b><\/p>\n \nThe tables below reconcile net loss to adjusted EBIT, adjusted EBITDA, adjusted net loss attributable to shareholders of the Company for the periods indicated, constant currency revenue to revenue across segments and geographies, and net debt for purposes of presenting its calculation.<\/p>\n \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Two quarters ended<\/b><\/p>\n<\/td>\n<\/tr>\n CAD $ millions<\/b><\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, \n\u00a0<\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, Net loss<\/b><\/p>\n<\/td>\n \n(26.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(119.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(142.9)<\/p>\n<\/td>\n<\/tr>\n \nNet (loss) income from<\/p>\n \ndiscontinued operations (a)<\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n Net loss from continuing<\/b><\/p>\n operations<\/b><\/p>\n<\/td>\n \n(18.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(110.1)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(143.3)<\/p>\n<\/td>\n<\/tr>\n Add (deduct) the impact of:<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax recovery<\/p>\n<\/td>\n \n(13.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(11.7)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(44.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50.5)<\/p>\n<\/td>\n<\/tr>\n \nNet interest, finance and other costs<\/p>\n<\/td>\n \n10.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16.9<\/p>\n<\/td>\n<\/tr>\n Operating loss<\/b><\/p>\n<\/td>\n \n(21.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(123.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(176.9)<\/p>\n<\/td>\n<\/tr>\n \nArbitration award (b)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43.8<\/p>\n<\/td>\n<\/tr>\n \nPaola Confectii Earn-Out costs (c)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.9<\/p>\n<\/td>\n<\/tr>\n \nTotal adjustments<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n55.7<\/p>\n<\/td>\n<\/tr>\n Adjusted EBIT<\/b><\/p>\n<\/td>\n \n(21.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(123.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(121.2)<\/p>\n<\/td>\n<\/tr>\n Adjusted EBIT margin<\/i><\/p>\n<\/td>\n (7.9) %<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (5.5) %<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (31.7) %<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n (33.4) %<\/i><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Two quarters ended<\/b><\/p>\n<\/td>\n<\/tr>\n CAD $ millions<\/b><\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, \n\u00a0<\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, Net loss<\/b><\/p>\n<\/td>\n \n(26.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(119.3)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(142.9)<\/p>\n<\/td>\n<\/tr>\n \nNet (loss) income from<\/p>\n \ndiscontinued operations (a)<\/p>\n<\/td>\n \n(7.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n<\/tr>\n Net loss from continuing<\/b><\/p>\n operations<\/b><\/p>\n<\/td>\n \n(18.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(110.1)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(143.3)<\/p>\n<\/td>\n<\/tr>\n Add (deduct) the impact of:<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax recovery<\/p>\n<\/td>\n \n(13.4)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(11.7)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(44.8)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(50.5)<\/p>\n<\/td>\n<\/tr>\n \nNet interest, finance and other costs<\/p>\n<\/td>\n \n10.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16.9<\/p>\n<\/td>\n<\/tr>\n Operating loss<\/b><\/p>\n<\/td>\n \n(21.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(123.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(176.9)<\/p>\n<\/td>\n<\/tr>\n \nArbitration award (b)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43.8<\/p>\n<\/td>\n<\/tr>\n \nPaola Confectii Earn-Out costs (c)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.9<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and amortization (d)<\/p>\n<\/td>\n \n38.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n31.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n74.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n62.0<\/p>\n<\/td>\n<\/tr>\n \nTotal adjustments<\/p>\n<\/td>\n \n38.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n74.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n117.7<\/p>\n<\/td>\n<\/tr>\n Adjusted EBITDA<\/b><\/p>\n<\/td>\n \n17.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(49.2)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(59.2)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n Two quarters ended<\/b><\/p>\n<\/td>\n<\/tr>\n CAD $ millions<\/b><\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, \n\u00a0<\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, Net loss<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(26.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(119.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(142.9<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nNet (loss) income from discontinued operations (a)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(7.8<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9.2<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net loss from continuing operations<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(18.5<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17.4<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(110.1<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(143.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Add (deduct) the impact of:<\/i><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nArbitration award (b)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPaola Confectii Earn-Out costs (c)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.9<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nJapan Joint Venture remeasurement (gain) loss on contingent consideration and put option (e)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.1<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nUnrealized foreign exchange (gain) loss on term loan facility (f)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.2<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nAcceleration of unamortized costs on debt extinguishment (g)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7.9<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n54.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTax effect of adjustments<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.6<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(12.0<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Adjusted net loss<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(19.8<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(12.7<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(103.8<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(100.8<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nAdjusted net income (loss) attributable to non-controlling interest (h)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.6<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.6<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1.1<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Adjusted net loss attributable to shareholders of the Company<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(19.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(13.3<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(104.4<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(101.9<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Weighted average number of shares outstanding<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic & diluted<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n97,027,585<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n97,069,513<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n97,170,754<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n96,991,610<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjusted net loss per basic and diluted share attributable to shareholders of the Company<\/b><\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.20<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(0.14<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1.07<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(1.05<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n(a)<\/p>\n<\/td>\n \nNet loss attributable to discontinued operations related to the Baffin Sale, which was completed on August 10, 2026.<\/p>\n<\/td>\n<\/tr>\n \n(b)<\/p>\n<\/td>\n \nDuring the first quarter ended June 29, 2025, an arbitral decision was rendered in respect of an arbitration proceeding that took place in fiscal 2024 between the Company and a former supplier of the Company in connection with a previously announced commercial dispute relating to the termination of a contract in 2021. The arbitration resulted in an unfavourable judgment against the Company with financial compensation to be awarded to the former supplier. As a result, the Company was required to make a one-time payment to the former supplier of USD32.0m ($43.8m), inclusive of legal costs, which was recognized in SG&A expenses in the interim statements of loss and was paid to the former supplier during the second quarter of fiscal 2026.<\/p>\n<\/td>\n<\/tr>\n \n(c)<\/p>\n<\/td>\n \nValue of the Earn-Out, which was recognized and settled in fiscal 2026, and did not recur in fiscal 2027.<\/p>\n<\/td>\n<\/tr>\n \n(d)<\/p>\n<\/td>\n \nCalculated as depreciation and amortization as determined in accordance with IFRS Accounting Standards. Depreciation and amortization includes depreciation on right-of-use assets under IFRS 16, Leases<\/i>.<\/p>\n<\/td>\n<\/tr>\n \n(e)<\/p>\n<\/td>\n \nChanges to the fair value remeasurement of the contingent consideration and put option liability, inclusive of translation gains and losses, related to the Company\u2019s joint venture with Sazaby League (\u201cJapan Joint Venture\u201d). The Company recorded a gain of $1.1m and a loss of $1.2m, respectively, on the fair value remeasurement of the contingent consideration and put option during the second and two quarters ended September 27, 2026 (second and two quarters ended September 28, 2025 – losses of $1.1m and $2.1m, respectively). These gains and losses are included in net interest, finance and other costs within the interim statements of loss.<\/p>\n<\/td>\n<\/tr>\n \n(f)<\/p>\n<\/td>\n \nUnrealized gains and losses on the translation of the term loan facility from USD to CAD, net of the effect of derivative transactions entered into to hedge a portion of the exposure to foreign currency exchange risk. These costs are included in net interest, finance and other costs within the interim statements of loss.<\/p>\n<\/td>\n<\/tr>\n \n(g)<\/p>\n<\/td>\n \nThe non-cash unamortized costs accelerated in connection with the debt extinguishment due to the Fiscal 2027 Amendment to Term Loan.<\/p>\n<\/td>\n<\/tr>\n \n(h)<\/p>\n<\/td>\n \nCalculated as net income (loss) attributable to non-controlling interest in the interim statements of loss of $0.5m and $(0.6)m for the second and two quarters ended September 27, 2026, respectively, related to the revaluation of the put option liability and contingent consideration associated with the non-controlling interest in the Japan Joint Venture (second and two quarters ended September 28, 2025 – net loss attributable to non-controlling interest of $(0.6)m and $(1.1)m, respectively).<\/p>\n<\/td>\n<\/tr>\n Revenue by Segment<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $ Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n CAD $ millions<\/b><\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, \n\u00a0<\/p>\n<\/td>\n As \n\u00a0<\/p>\n<\/td>\n Foreign \n\u00a0<\/p>\n<\/td>\n In constant \n\u00a0<\/p>\n<\/td>\n As \n\u00a0<\/p>\n<\/td>\n In constant \nDTC<\/p>\n<\/td>\n \n129.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n126.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.7%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.6%<\/p>\n<\/td>\n<\/tr>\n \nWholesale<\/p>\n<\/td>\n \n128.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n122.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.6%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.6%<\/p>\n<\/td>\n<\/tr>\n \nOther<\/p>\n<\/td>\n \n16.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.3<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n62.0%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n63.0%<\/p>\n<\/td>\n<\/tr>\n \nTotal revenue<\/p>\n<\/td>\n \n274.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n258.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2.5)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.9%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.9%<\/p>\n<\/td>\n<\/tr>\n Revenue by Geography<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n Second quarter ended<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n $ Change<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n % Change<\/b><\/p>\n<\/td>\n<\/tr>\n CAD $ millions<\/b><\/p>\n<\/td>\n September 27, \n\u00a0<\/p>\n<\/td>\n September 28, \n\u00a0<\/p>\n<\/td>\n As \n\u00a0<\/p>\n<\/td>\n Foreign \n\u00a0<\/p>\n<\/td>\n In constant \n\u00a0<\/p>\n<\/td>\n As \n\u00a0<\/p>\n<\/td>\n In constant \nCanada<\/p>\n<\/td>\n \n50.2<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.7<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.7%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.7%<\/p>\n<\/td>\n<\/tr>\n \nUnited States<\/p>\n<\/td>\n \n57.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n52.0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.4<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4.8<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10.4%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.2%<\/p>\n<\/td>\n<\/tr>\n \nNorth America<\/p>\n<\/td>\n \n107.6<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n99.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.1<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(0.6)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7.5<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.1%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7.5%<\/p>\n<\/td>\n<\/tr>\n \nGreater China\n
\nCanada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today financial results for the second quarter ended September 27, 2026 and reiterated its fiscal 2027 outlook. All amounts are in Canadian dollars unless otherwise indicated.<\/p>\n\n
\n
\n
\n
\n
\n
2<\/sup> Adjusted EBIT, adjusted EBITDA, adjusted net loss attributable to shareholders of the Company, and net debt are non-IFRS financial measures, and adjusted EBIT margin, adjusted net loss per basic and diluted share attributable to the shareholders of the Company, and net debt leverage are non-IFRS financial ratios. Unless otherwise noted, these measures and ratios reflect continuing operations only and exclude amounts attributable to discontinued operations. See \u201cNon-IFRS Financial Measures and Other Specified Financial Measures\u201d for more information.
\n
3<\/sup> DTC comparable sales (decline) growth and inventory turnover are supplementary financial measures. See \u201cNon-IFRS Financial Measures and Other Specified Financial Measures\u201d for a description of these measures.
\n
4<\/sup> Comparisons to second quarter ended September 28, 2025.<\/p>\n\n
\n \u00a0<\/td>\n<\/tr>\n \n \n
\n
<\/b>(in millions of Canadian dollars, except per share amounts) (unaudited)<\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n 1<\/i><\/td>\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \n
\n
<\/b>(in millions of Canadian dollars) (unaudited)<\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \n
\n
<\/b>(in millions of Canadian dollars) (unaudited)<\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \n
\n
<\/b>(in millions of Canadian dollars) (unaudited)<\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n
reported<\/b><\/p>\n<\/td>\n\n \n
\n
exchange
\n
impact<\/b><\/p>\n<\/td>\n\n \n
\n
currency<\/b><\/p>\n<\/td>\n\n \n
\n
reported<\/b><\/p>\n<\/td>\n\n \n
\n
currency<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n <\/tr>\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n
\n<\/b>
2026<\/b><\/p>\n<\/td>\n\n \n
\n<\/b>
2025<\/b><\/p>\n<\/td>\n\n \n
\n
reported<\/b><\/p>\n<\/td>\n\n \n
\n
exchange
\n
impact<\/b><\/p>\n<\/td>\n\n \n
\n
currency<\/b><\/p>\n<\/td>\n\n \n
\n
reported<\/b><\/p>\n<\/td>\n\n \n
\n
currency<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n