Canada Goose posts Q1 loss as Covid-19 disruptions hit performance

Total first quarter revenue at Canada Goose Holdings Inc. was 26.1 million Canadian dollars compared to 71.1 million Canadian dollars in the same quarter last year. The company said in a statement that DTC revenue decreased to 10.4 million Canadian dollars from 34.8 million Canadian dollars, driven by temporary store closures and reduced store hours due to Covid-19 disruptions globally. Wholesale revenue was 8.7 million Canadian dollars from 35.6 million Canadian dollars, as a result of a significant reduction in shipments due to Covid-19 disruptions to partner operations. Other revenue was 7 million Canadian dollars compared to 0.7 million Canadian dollars due to PPE sales.