20-F

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended March 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

Commission file number 001-38027

CANADA GOOSE HOLDINGS INC.

(Exact name of Registrant as specified in its charter)

N/A

(Translation of Registrant’s name into English)

British Columbia

(Jurisdiction of incorporation or organization)

Floor 22, 100 Queens Quay East

Toronto, Ontario, Canada M5E 1V3

(Address of principal executive offices)

David M. Forrest

General Counsel

Floor 22, 100 Queens Quay East

Toronto, Ontario, Canada M5E 1V3

Tel: (416) 780-9850

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(Name, telephone, email and/or facsimile number and address of Company contact person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which  registered
Subordinate voting shares	GOOS	New York Stock Exchange

Title of each class	Name of each exchange on which registered
Subordinate voting shares	New York Stock Exchange

Securities registered or to be registered pursuant to Section 12(g) of the Act:

None

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

None

(Title of Class)

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the Annual Report: At March 31, 2024, 45,528,438 subordinate voting shares and 51,004,076 multiple voting shares were issued and outstanding.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act of 1933. ☒ Yes ☐ No

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. ☐ Yes ☒ No

Note—checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act of 1934.

Large Accelerated Filer ☒ Accelerated Filer ☐ Non-Accelerated Filer ☐ Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Securities Exchange Act of 1934. ☐

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† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ 

If securities are registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP  ☐ International Financial Reporting Standards as issued by the International Accounting Standards Board ☒ Other  ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow. ☐ Item 17 ☐ Item 18

If this is an Annual Report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934). ☐ Yes ☒ No

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. ☐ Yes ☐ No

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Canada Goose Holdings Inc.

Table of Contents

INTRODUCTION		5
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS		6
PART I		8
	ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS	8
	ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE	8
	ITEM 3. KEY INFORMATION	8
	ITEM 4. INFORMATION ON THE COMPANY	31
	ITEM 4A. UNRESOLVED STAFF COMMENTS	43
	ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS	43
	ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES	94
	ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS	112
	ITEM 8. FINANCIAL INFORMATION	117
	ITEM 9. THE OFFER AND LISTING	117
	ITEM 10. ADDITIONAL INFORMATION	117
	ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	133
	ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES	133
PART II		134
	ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES	134
	ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS	134
	ITEM 15. CONTROLS AND PROCEDURES	134
	ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT	134
	ITEM 16B. CODE OF ETHICS	134
	ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES	135
	ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES	135
	ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS	135
	ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT	137
	ITEM 16G. CORPORATE GOVERNANCE	137
	ITEM 16H. MINE SAFETY DISCLOSURE	138
	ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS	139
PART III		141
	ITEM 17. FINANCIAL STATEMENTS	141
	ITEM 18. FINANCIAL STATEMENTS	141
	ITEM 19. EXHIBITS	142
	EXHIBIT INDEX	142
SIGNATURES		144
FINANCIAL STATEMENTS		F-1

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INTRODUCTION

Unless otherwise indicated, all references in this Annual Report on Form 20-F to “Canada Goose,” “we,” “our,” “us,” “the company” or similar terms refer to Canada Goose Holdings Inc. and its consolidated subsidiaries. We publish our consolidated financial statements in Canadian dollars. In this Annual Report, unless otherwise specified, all monetary amounts are in Canadian dollars, all references to “$,” “C$,” “CDN$,” “CAD$,” and “dollars” mean Canadian dollars and all references to “US$” and “USD” mean U.S. dollars.

This Annual Report on Form 20-F contains our audited consolidated financial statements and related notes for the years ended March 31, 2024, April 2, 2023 and April 3, 2022 (“Annual Financial Statements”). Our Annual Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”).

Our fiscal year is a 52 or 53-week reporting cycle with the fiscal year ending on the Sunday closest to March 31. Each fiscal quarter is 13 weeks for a 52-week fiscal year. The additional week in a 53-week fiscal year is added to the third quarter. Fiscal 2022 was the first 53-week fiscal year, which ended on April 3, 2022. Fiscal 2024 is a 52-week fiscal year.

Unless otherwise indicated in this Annual Report, all references to: "fiscal 2022" are to the 53-week period ended April 3, 2022; "fiscal 2023" are to the 52-week period ended April 2, 2023; and "fiscal 2024" are to the 52-week period ended March 31, 2024.

Trademarks and Service Marks

This Annual Report contains references to a number of trademarks which are our registered trademarks or trademarks for which we have pending applications or common law rights. Our major trademarks include the CANADA GOOSE word mark and the ARCTIC PROGRAM & DESIGN trademark (our disc logo consisting of the colour-inverse design of the North Pole and Arctic Ocean) as well as the BAFFIN word mark and BAFFIN Half Maple Leaf design trademark.

Solely for convenience, the trademarks, service marks and trade names referred to in this Annual Report are listed without the ®, (sm) and (TM) symbols, but we will assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, service marks and trade names.

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CAUTIONARY NOTE REGARDING FORWARD‑LOOKING STATEMENTS

This Annual Report contains forward-looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, and other future conditions. Forward-looking statements can be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “predict,” “project,” “potential,” “target,” “will,” “would,” and other similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. They appear in many places throughout this Annual Report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, business prospects, growth, strategies, expectations regarding industry trends and the size and growth rates of addressable markets, our business plan and our growth strategies, including plans for expansion to new markets and new products, expectations for seasonal trends, and the industry in which we operate.

Certain assumptions made in preparing the forward-looking statements contained in this Annual Report include:

•our ability to implement our growth strategies;

•our ability to maintain strong business relationships with our customers, suppliers, wholesalers and distributors;

•our ability to keep pace with changing consumer preferences;

•our ability to protect our intellectual property;

•our ability to adapt to changes to our business as a whole due to environmental, social and governance ("ESG") considerations;

•the continued absence of material global supply chain disruptions to our business and our ability to fulfill demand and maintain sufficient inventory levels, which we continue to monitor; and

•the absence of material adverse changes in our industry or the global economy.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those described in the “Risk Factors” section of this Annual Report and other risk factors described herein which include, but are not limited to, the following risks:

•we may not open retail stores or expand e-Commerce access on our planned timelines;

•we may be unable to maintain the strength of our brand or to expand our brand to new products and geographies;

•unanticipated changes in the effective tax rate or adverse outcomes from audit examinations of corporate income or other tax returns;

•our indebtedness may adversely affect our financial condition, and we may not be able to refinance or renegotiate such indebtedness on favourable or satisfactory terms;

•an economic downturn and general economic conditions (for example, inflation and rising interest rates) may further affect discretionary consumer spending;

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•we may not be able to satisfy changing consumer preferences;

•global political events, including the impact of political disruptions and protests, which may cause business interruptions;

•our ability to procure high quality raw materials and certain finished goods globally;

•our ability to manage inventory and forecast our inventory need, which we continue to monitor, and to manage our production distribution networks. If our supply exceeds demand, we may be required to take certain actions to reduce inventory which could damage our brand;

•we may not be able to protect or preserve our brand image and proprietary rights globally;

•the success of our business strategy;

•our ability to manage our exposure to data security and cyber security events;

•disruptions to manufacturing and distribution activities due to factors such as operational issues, disruptions in transportation logistic functions or labour shortages or disruptions;

•risks and global disruptions associated with geopolitical events, which may further affect general economic and operating conditions;

•fluctuations in raw material costs, interest rates and currency exchange rates;

•we may be unable to maintain effective internal controls over financial reporting; and

•our ability to successfully execute our Transformation program.

Although we base the forward-looking statements contained in this Annual Report on assumptions that we believe are reasonable, we caution you that actual results and developments (including our results of operations, financial condition and liquidity, 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 Annual Report. Additional impacts may arise that we are not aware of currently. The potential of such additional impacts intensifies the business and operating risks that we face, and should be considered when reading the forward-looking statements contained in this Annual Report. In addition, even if results and developments are consistent with the forward-looking statements contained in this Annual Report, 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 Annual Report may prove to be inaccurate. We have included important factors in the cautionary statements included in this Annual Report on Form 20-F, particularly in Section 3.D of this Annual Report on Form 20-F titled “Risk Factors”, that we believe could cause actual results or events to differ materially from the forward-looking statements that we make. 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.

You should read this Annual Report and the documents that we reference herein and have filed as exhibits hereto 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 Annual Report, and we do not assume any obligation to update any forward-looking statements except as required by applicable laws.

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PART I

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

Not applicable.

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE

Not applicable.

ITEM 3. KEY INFORMATION

A.    [Reserved]

B.    Capitalization and Indebtedness

Not applicable.

C.    Reasons for the Offer and Use of Proceeds

Not applicable.

D.    Risk Factors

Risks Related to our Business

A downturn in the global economy, including as a result of recent geopolitical events and general economic conditions such as inflation, will likely affect or has substantially affected and will likely continue to affect, consumer purchases of discretionary items, which could materially harm our sales, profitability, and financial condition.

Our sales are significantly affected by changes in discretionary spending by consumers. Many factors outside our control influence and affect the level of consumer spending for discretionary items. These factors include actual and perceived economic conditions, interest and tax rates, inflation, energy prices, the availability of consumer credit, disposable consumer income, consumer indebtedness level, unemployment and consumer confidence in future economic conditions. Consumer purchases of discretionary items, such as our outerwear, tend to decline during recessionary periods when disposable income is lower. During our history, we have experienced recessionary periods, but we cannot predict the effect of future recessionary periods on our sales and profitability. A downturn in the economy in markets in which we sell our products or unfavourable changes related to interest rates, rates of economic growth, fiscal and monetary policies of governments, inflation, deflation, tax rates and policy, unemployment trends, energy prices, and other matters that influence the availability and cost of merchandise, consumer confidence or spending may materially harm our sales, profitability and financial condition.

Recent geopolitical events and general economic conditions, such as rising inflation and interest rates, has led to a slow-down in certain segments of the global economy and affected the amount of discretionary income available for certain consumers to purchase our products. If global economic and financial market conditions persist, our sales could decrease, and our financial condition and results of operations could be adversely affected. Unstable political conditions, civil unrest, armed conflicts or events of extreme violence, including the ongoing conflicts in the Middle East and Ukraine, and any escalation thereof, and related economic and other retaliatory measures taken by Canada, the United States, the European Union and others,

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may disrupt commerce globally and could negatively affect our business and results of operations. The risk of recession in one or several of the countries where we operate is growing, notably in light of the significant increase of interest and inflation rates, and could further have an adverse impact on our business and results of operations.

Our growth strategy continues to involve expansion of our Direct-to-Consumer (“DTC”) channel, including retail stores and e-Commerce, which may present risks and challenges.

Our business has continued to evolve from one in which we only distributed products on a wholesale basis for resale by others to a multi-channel distribution model. As of March 31, 2024, our DTC channel includes 57 national e-Commerce markets and 68 directly operated permanent retail stores across North America, Europe, and Asia Pacific. Our global DTC expansion has been the largest driver of operational and financial growth historically. We expect this to continue in the future.

Growing our e-Commerce platforms and number of retail stores is essential to our future strategy. This strategy has and will continue to require significant investment in cross-functional operations and management focus, along with investment in supporting technologies and retail store spaces. If we are unable to provide a user-friendly, convenient and consistent experience for our customers, our ability to compete and our results of operations could be adversely affected. In addition, if our e-Commerce platforms or retail store formats do not appeal to our customers, reliably function as designed, or maintain the privacy of customer data, or if we are unable to consistently meet our brand promise to our customers, we may experience a loss of customer confidence or lost sales, or be exposed to fraudulent purchases, which could adversely affect our reputation and results of operations.

To the extent our e-Commerce business grows, we will need an increasing amount of IT infrastructure to continue to satisfy consumer demand and expectations. If we fail to effectively scale and adapt our e-Commerce platform to accommodate increased consumer demand, our business may be subject to interruptions, delays or failures and consumer demand for our products and digital experiences could decline. In the event we fail to successfully respond to these risks, it might adversely affect sales and order flow in our e-Commerce business, as well as adversely impact our reputation and brand.

Furthermore, with our increasing retail footprint, lower profitability levels at new or existing retail stores will adversely affect our margins.

We are also subject to different and evolving local laws and regulatory requirements in the various jurisdictions in which we operate. In particular, we are subject to different and evolving laws and orders governing the operation and marketing of e-Commerce websites, as well as the collection, storage and use of information on consumers interacting with those websites. We may incur additional costs and operational challenges in complying with these laws, and differences in these laws may cause us to operate our businesses differently in different territories. If so, we may incur additional costs and may not fully realize the investment in our global DTC expansion.

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Our business depends on our strong brand and reputation, as well as our ability to maintain and enhance our brand.

The Canada Goose name and brand image are integral to the growth of our business, and to the implementation of our strategies for expanding our business. We believe that the brand image we have developed has significantly contributed to the success of our business and is critical to maintaining and expanding our customer base. Maintaining and enhancing our brand may require us to make substantial investments in areas such as product design, store openings and operations, marketing, e-Commerce, community relations and employee training, and these investments may not be successful.

We anticipate that, as our business continues to expand into new markets and new product categories and as the market becomes increasingly competitive, maintaining and enhancing our brand may become difficult and expensive. Conversely, as we penetrate these new markets and our brand becomes more widely available, it could potentially detract from the appeal stemming from the scarcity of our brand. Our brand may also be adversely affected if our public image or reputation is tarnished by negative publicity. In addition, ineffective marketing, product diversion to unauthorized distribution channels, product defects, counterfeit products, unfair labour practices, and failure to protect the intellectual property rights in our brand are some of the potential threats to the strength of our brand, and those and other factors could rapidly and severely diminish consumer confidence in us. Maintaining and enhancing our brand will depend largely on our ability to be a leader in our industry and to continue to offer a range of high-quality products to our customers, which we may not execute successfully. Any of these factors could harm our sales, profitability or financial condition.

A key element of our growth strategy is the expansion of our product offerings into new product categories. We may be unsuccessful in designing products that meet our customers’ expectations for our brand or that are attractive to new customers. If we are unable to anticipate customer preferences or industry changes, or if we are unable to modify our products on a timely basis or expand effectively into new product categories, we may lose customers or fail to gain new customers. Our ability to successfully implement our growth strategy may be affected by the global economic contraction, including as a result of ongoing geopolitical uncertainty and the rising inflationary pressures. As we expand into new geographic markets, consumers in these new markets may be less compelled by our brand image and may not be willing to pay a higher price to purchase our products as compared to traditional outerwear. Our operating results would also suffer if our investments and innovations do not anticipate the needs of our customers, are not appropriately timed with market opportunities or are not effectively brought to market.

Our plans to improve and expand our product offerings may not be successful, and implementation of these plans may divert our operational, managerial and administrative resources, which could harm our competitive position and reduce our revenue and profitability.

In addition to our global DTC expansion plans, we are growing our business by expanding our product offerings outside down-filled jackets, including windwear, rainwear, apparel, fleece, accessories and footwear. The principal risks to our ability to successfully carry out our plans to expand our product offering include:

•the success of new products and new product lines will depend on market demand and there is a risk that new products and new product lines will not deliver expected results, which could negatively impact our future sales and results of operations;

•if our expanded product offerings fail to maintain and enhance our distinctive brand identity, our brand image may be diminished and our sales may decrease;

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•implementation of these plans may divert management’s attention from other aspects of our business and place a strain on our management, operational and financial resources, as well as our information systems; and

•incorporation of novel materials or features into our products may not be accepted by our customers or may be considered inferior to similar products offered by our competitors.

In addition, our ability to successfully carry out our plans to expand our product offerings may be affected by economic and competitive conditions, changes in consumer spending patterns (including reductions in discretionary consumer spending as a result of geopolitical events or general economic downturns) and changes in consumer preferences and styles. These plans could be abandoned, could cost more than anticipated and could divert resources from other areas of our business, any of which could negatively impact our competitive position and reduce our revenue and profitability.

Our success depends on our ability to anticipate trends and to identify and respond to new and changing consumer preferences.

In fiscal 2024, our core outerwear offering represented the majority of our sales. Consumer preferences often change rapidly. Therefore, our business is substantially dependent on our ability to attract customers who are willing to pay a premium for our products. Any future shifts in consumer preferences away from spending for our products would also have a material adverse effect on our results of operations.

In addition, we believe that continued increases in sales of outerwear will largely depend on customers continuing to demand technical superiority from their products. If the number of customers demanding outerwear does not continue to increase, or if our customers are not convinced that our products are more functional or stylish than other outerwear alternatives, we may not achieve the level of sales necessary to support new growth platforms and our ability to grow our business will be severely impaired.

Our indebtedness could adversely affect our financial condition.

As of March 31, 2024, we had $203.7m of unused borrowing capacity under our Revolving Facility (as defined below), with no principal amount outstanding, $393.1m of term loans under our Term Loan (as defined below), no amounts owing under the Mainland China Facilities, and $5.4m owing on our Japan Facility (as defined below), for total indebtedness of $398.5m. As at March 31, 2024, cash on hand was $144.9m (April 2, 2023 - $286.5m). We also generally experience significant fluctuations in our aggregate indebtedness and working capital over our operating cycle due to the seasonality in our business. Our debt could have important consequences, including:

•limiting our ability to obtain additional financing to fund future working capital, capital expenditures, acquisitions or other general corporate requirements and increasing our cost of borrowing;

•requiring a portion of our cash flow to be dedicated to debt service payments instead of other purposes, thereby reducing the amount of cash flow available for working capital, capital expenditures, acquisitions and other general corporate purposes;

•requiring the net cash proceeds of certain equity offerings to be used to prepay our debt as opposed to being applied for other purposes;

•exposing us to the risk of increased interest rates as certain of our borrowings, including borrowings under our senior secured credit facilities, are at variable rates of interest; and

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•limiting our flexibility in planning for and reacting to changes in the industry in which we compete.

The credit agreements governing our senior secured credit facilities contain a number of restrictive covenants that impose operating and financial restrictions on us, including restrictions on our ability to incur certain liens, make investments and acquisitions, incur or guarantee additional indebtedness, pay dividends or make other distributions in respect of, or repurchase or redeem our shares, or enter into certain other types of contractual arrangements affecting our subsidiaries or indebtedness. In addition, the restrictive covenants in the credit agreement governing our Revolving Facility (as defined below) require us to maintain a minimum fixed charge coverage ratio if excess availability under our Revolving Facility (as defined below) falls below a specified threshold.

If we are unable to comply with these restrictions and covenants at times and to the extent they are applicable, including as a result of events beyond our control, we may risk an event of default under the credit facilities, which could accelerate the payment of any amounts then due, and limit our ability to incur future borrowings under the credit facilities, either of which could have a material adverse effect on our business.

Although the credit agreements governing our senior secured credit facilities contain restrictions on the incurrence of additional indebtedness, those restrictions are subject to a number of qualifications and exceptions and the additional indebtedness incurred in compliance with those restrictions could be substantial. We may also seek to amend or refinance one or more of our debt instruments to permit us to finance our growth strategy or improve the terms of our indebtedness.

The markets in which we operate are highly competitive.

The market for outerwear is highly fragmented. We compete against a wide range of brands and retailers. Many of our competitors have significant competitive advantages, including larger and broader customer bases, more established relationships with a broader set of suppliers, greater brand recognition, larger product offering, greater financial resources, more established research and development processes, a longer history of store development, greater marketing resources, more established distribution processes, and other resources which we do not have.

Our competitors may be able to achieve and maintain brand affinity and market share more quickly and effectively than we can. Our competitors may also be able to increase sales in their new and existing markets faster than we can by emphasizing different distribution channels than we can. If we fail to compete with such competitors, our business, financial condition and performance could be materially adversely affected.

Our business could be harmed if we fail to manage our operations and future growth effectively, or if we fail to successfully execute our Transformation Program.

If our operations continue to grow, of which there can be no assurance, we will be required to continue to expand our sales and marketing, product development, manufacturing and distribution functions, to upgrade our management information systems and other processes, and to obtain more space for our expanding administrative support and other personnel. Continued or fluctuating growth could strain our resources, and we could experience operating difficulties, including difficulties in hiring, training and managing an increasing number of employees and manufacturing capacity to produce our products, and delays in production and shipments. These difficulties may result in the erosion of our brand image, divert the attention of management and key employees and impact financial and operational results. In order to continue to expand our DTC channel, we expect to add selling, general & administrative (“SG&A”) expenses and depreciation and amortization expenses to our cost base. These costs,

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which include lease commitments, headcount and capital assets, could result in decreased margins if we are unable to drive commensurate DTC revenue growth.

In the fourth quarter of fiscal 2023, we launched our Transformation Program with the aim to strengthen the foundation of our company to drive efficient and scalable operations and deliver strong revenue growth, which we believe will contribute to margin expansion over the long-term. This multiphase program includes the following workstreams: the organizational and operating model, stores, production and procurement, product, planning and supply chain, marketing and experience, and technology. If we are unable to successfully execute our Transformation Program, our business, financial condition and performance could be materially adversely affected.

Our financial performance is subject to significant seasonality and variability, which could cause the price of our subordinate voting shares to decline.

Our business is affected by a number of factors common to our industry and by other factors specific to our business model, which drive seasonality and variability. Historically, key metrics, including those related to our growth, profitability and financial condition, have fluctuated significantly across fiscal periods. We expect this to continue in the future.

Consumer purchases of outerwear are naturally heavily concentrated in the Fall / Winter season. As a result, the majority of our DTC revenue is recognized in the third and fourth fiscal quarter. Our wholesale revenue is weighted in the second and third fiscal quarters, when most orders are shipped to wholesale partners in time for the Fall/Winter season. Our net income is typically negative in the first quarter and reduced or negative in the fourth quarter.

Guided by expected demand in both channels, we manufacture on a linear basis throughout the fiscal year, while adding capacity where relevant to our manufacturing network, resulting in the buildup and staging of inventory for future periods. These dynamics cause significant fluctuations in our working capital, cash conversion, and leverage throughout the fiscal year. At certain points in time, our inventory has increased at a significantly higher rate than our historical revenue growth in the same period.

Historical results, especially comparisons across fiscal quarters, should not be considered indicative of the results to be expected for any future periods. In addition to the seasonality of demand for our products, our financial performance is influenced by a number of factors which are difficult to predict and variable in nature. These include input cost volatility, the timing of consumer purchases, and wholesale deliveries, which very often shift between fiscal quarters, demand forecast accuracy, inventory availability, and the evolution of our channel mix, as well as external trends in weather, traffic and discretionary consumer spending.

A number of other factors which are difficult to predict could also affect the seasonality or variability of our financial performance. Therefore, you should not rely on the results of a single fiscal quarter as an indication of our annual results or future performance.

Our success depends on our ability to attract new customers and retain existing customers.

Our success depends, in part, on our ability to attract new customers. In order to expand our customer base, we must appeal to and attract consumers who identify with our brand and products. We have made significant investments in enhancing our brand and attracting new customers. We expect to continue to make significant investments to promote our current products to new customers and new products to current and new customers, including through our e-Commerce platforms and retail store presence. Such marketing investments can be expensive and may not result in increased sales. Further, as our brand becomes more widely known, we may not attract new customers as we have in the past. If we are unable to attract

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enough new customers, or grow revenues from existing customers, we may not be able to increase our sales.

Our operations and business may be adversely affected by global climate trends.

There is increasing concern that a gradual rise in global average temperatures due to increased concentration of carbon dioxide and other greenhouse gases in the atmosphere will cause significant changes in weather patterns around the globe, an increase in the frequency, severity, and duration of extreme weather conditions and natural disasters, and water scarcity and poor water quality. Climate change may also exacerbate challenges relating to the availability and quality of water and raw materials, including those used in the production of our products, and may result in changes in regulations or consumer preferences, which could in turn affect our business, operating results and financial condition. For example, there has been increased focus by governmental and non-governmental organizations, consumers, customers, employees and other stakeholders on products that are sustainably made and other sustainability matters, including responsible sourcing and deforestation, the use of plastic, energy and water, the recyclability or recoverability of packaging and materials transparency, any of which may require us to incur increased costs for additional transparency, due diligence and reporting. These events could also compound adverse economic conditions and impact consumer confidence and discretionary spending. As a result, the effects of climate change are unpredictable and could have a long-term adverse impact on our financial condition, results of operations or cash flows.

Climate change related transition risks are also growing in many countries, as governmental bodies are enacting new legislation and regulations to reduce or mitigate the potential impacts of climate change. If we, our suppliers, or our manufacturers are required to comply with these laws and regulations, or if we choose to take voluntary steps to reduce or mitigate our impact on climate change, we may experience increases in energy, production, transportation, and raw material costs, capital expenditures, or insurance premiums and deductibles. Varied legislation and regulations across jurisdictions may also make it more challenging and affect the costs of compliance with such laws and regulations. Any assessment of the potential impact of future climate change legislation, regulations or industry standards, as well as any international treaties and accords, is uncertain given the wide scope of potential regulatory change.

A significant portion of our business is highly dependent on cold-weather seasons and patterns to generate consumer demand for our products. Consumer demand for our products may be negatively affected to the extent global climate patterns trend warmer, reducing typical patterns of cold-weather events or increasing weather volatility, which could have an adverse effect on our financial condition, results of operations or cash flows.

Unexpected obstacles in new markets may limit our expansion opportunities, which could negatively impact our business and financial performance.

Our growth strategy has led to our expansion into markets outside of North America, including in developing markets. There are varying regulatory environments and market practices in these regions, and such regulations may be unfamiliar to us and we may experience unexpected barriers. It may take us time to penetrate or successfully operate in any new market. In connection with our expansion efforts we may encounter obstacles, including cultural and linguistic differences, differences in regulatory environments, economic or governmental instability, labour practices and market practices, difficulties in keeping abreast of market, business and technical developments, and foreign customers’ tastes and preferences. In developing markets, potential challenges include relatively higher risk of political instability, economic volatility, crime, corruption and social unrest. Such challenges may be exacerbated in many cases by uncertainties regarding how local law is applied and enforced, and with respect to judiciary and administrative mechanism. Health concerns related to COVID-19 still give rise to

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uncertainties, and resurgences in new COVID-19 cases and/or the emergence and progression of new variants could cause governments to reintroduce restrictive measures. Other pandemics, epidemics and health risks could also occur, any of which could reduce traffic, result in temporary or permanent closures of stores, offices, and factories, could negatively impact the flow of goods, as well as the ability of our suppliers to provide us with products and services we need to operate our business. Any such pandemics, epidemics and other health risks could have an adverse effect on the economy and financial markets resulting in a declining level of retail and commercial activity, which could have a negative impact on the demand for, and prices of, our products.

We may also encounter difficulty expanding into new international markets because of limited brand recognition leading to delayed acceptance of our products by customers in these new international markets. In the event we fail to develop our business in new international markets or experience disappointing growth or undertake inadequate management of risks outside of existing markets, this could harm our business and results of operations.

Fluctuations in the price or quality of, or disruptions in the availability of, raw materials used in our products from a limited number of third-party suppliers could cause us to incur increased costs or disrupt our manufacturing processes.

Our products require high quality raw materials, including polyester, nylon, blend fabrics and down. The price of raw materials depends on a wide variety of factors largely beyond the control of Canada Goose. A shortage, delay or interruption of supply for any reason, including by reason of health concerns and global supply chain issues, could negatively impact our sales and have an adverse impact on our financial results.

In addition, while our suppliers, in turn, source from a number of sub-suppliers, we rely on a very small number of direct suppliers for certain raw materials. As a result, any disruption to these relationships could have an adverse effect on our business. Events that adversely affect our suppliers could impair our ability to obtain inventory in the quantities and at the quality that we require. Such events include difficulties or problems with our suppliers’ businesses, finances, labour relations and availability, shipping, ability to import raw materials, increases in labour, fuel and raw material costs, production, weather trends, insurance and reputation, as well as natural disasters, public health emergencies, including epidemics, pandemics and other health concerns, and responsive actions thereto such as border closures, restrictions on product shipments and travel restrictions, or other catastrophic occurrences. A significant slowdown in the retail industry as a whole may also result in bankruptcies or permanent closures of some of our suppliers and other vendors. Furthermore, there can be no assurance that our suppliers will continue to provide fabrics and raw materials or provide products that are consistent with our standards. Finally, raw materials and shipping costs have and may continue to increase as a result of inflation, recent geopolitical uncertainty and supply chain issues. Any such increases could adversely impact our financial performance if we are unable to offset such increases with price increases on our products.

More generally, if we need to replace an existing supplier, additional supplies or additional manufacturing capacity may not be available when required on terms that are acceptable to us, or at all, and any new supplier may not meet our strict quality requirements. In the event we are required to find new sources of supply, we may encounter delays in production, inconsistencies in quality and added costs as a result of the time it takes to train our suppliers and manufacturers in our methods, products and quality control standards. Any delays, interruption or increased costs in the supply of our raw materials could have an adverse effect on our ability to meet customer demand for our products and result in lower sales and profitability both in the short and long-term.

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Significant disruptions in supply from our current sources and disruptions of our supply chain could have a material adverse effect on our operating and financial results.

We generally do not enter into long-term formal written agreements with our suppliers, and typically transact business with our suppliers on an order-by-order basis. There can be no assurance that there will not be a disruption in the supply of raw materials and certain finished goods from current sources or, in the event of a disruption, that we would be able to locate alternative suppliers of materials or finished goods of comparable quality at an acceptable price, or at all. Identifying a suitable supplier is an involved process that requires us to become satisfied with their quality control, responsiveness and service, financial stability and labour and other ethical practices. Any delays, interruption or increased costs in the supply of fabric or manufacture of our products could have an adverse effect on our ability to meet customer demand for our products and result in lower revenue and operating income both in the short and long-term.

Disruptions in our supply chain capabilities, including due to trade restrictions, political instability, severe weather and natural disasters, epidemics, pandemics and other health concerns, war, labour shortages, reduced freight availability and increased costs, port disruptions, rising inflationary pressures and other factors, could impair our ability to distribute or manufacture products. These factors are beyond our control and to the extent we are unable to mitigate the likelihood or potential impact of such events, there could be a material adverse effect on our operating and financial results.

Our business and results of operations could be harmed if we are unable to accurately forecast demand for our products.

To ensure adequate inventory supply, we forecast inventory needs, which are subject to seasonal and quarterly variations in consumer demand. If we fail to accurately forecast demand, we may experience excess inventory levels or a shortage of product. Our ability to forecast accurately has become increasingly important as we have expanded our DTC channel globally and could be affected by many factors outside of our control, including an increase or decrease in consumer demand for our products or for products of our competitors, in the event we fail to accurately forecast consumer acceptance of new products, product introductions by competitors, unanticipated changes in general market conditions and, therefore, consumer spending in the sector (for example, because of unexpected effects on inventory supply and consumer demand), and weakening of economic conditions or consumer confidence in future economic conditions. In our wholesale channel, the majority of orders delivered in a given fiscal year are received in the prior fiscal year, enabling us to manufacture inventory relative to a defined order book. In the DTC channel, we manufacture according to our forecasts of consumer demand. If we overestimate the demand for our products, we could face inventory levels in excess of demand, which could result in inventory write-downs or write-offs and the sale of excess inventory at discounted prices, which would harm our gross margins and our brand management efforts. The potential for overestimation is expected to increase as a larger portion of our sales comes through our DTC channel, and as we expand our product offerings. If we underestimate the demand for our products, we may not be able to produce products to meet demand, and this could result in delays in the shipment of our products and a potential failure to capitalize on demand, as well as damage to our reputation and wholesale partner relationships. In addition, failures to accurately predict the level of demand for our products could harm our profitability and financial condition.

If we are unable to protect or preserve our intellectual property rights, brand image and proprietary rights, our business may be harmed.

We expect that there is a high likelihood that counterfeit products or other products infringing on our intellectual property rights will continue to emerge, seeking to benefit from the consumer

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demand for Canada Goose products. These counterfeit products do not provide the functionality of our products and we believe they are of substantially lower quality, and if customers are not able to differentiate between our products and counterfeit products, this could damage our brand image. In order to protect our brand, we devote significant resources to the registration and protection of our trademarks and to anti-counterfeiting efforts worldwide. We actively pursue entities involved in the trafficking and sale of counterfeit merchandise through legal action or other appropriate measures. In spite of our efforts, counterfeiting still occurs and, if we are unsuccessful in challenging a third-party’s rights related to trademark, copyright or other intellectual property rights, this could adversely affect our future sales, financial condition and results of operations. We cannot guarantee that the actions we have taken to curb counterfeiting and protect our intellectual property will be adequate to protect the brand and prevent counterfeiting in the future or that we will be able to identify and pursue all counterfeiters who may seek to benefit from our brand.

As our business has expanded, our competitors have imitated, and will likely continue to imitate, our product designs and branding, which could harm our business and results of operations. Competitors who manufacture products seeking to imitate our products could divert sales and dilute the value of our brand. We believe our trademarks, copyrights and other intellectual property rights are extremely important to our success and our competitive position.

However, enforcing rights to our intellectual property may be difficult and costly, and we may not be successful in stopping infringement of our intellectual property rights, particularly in foreign countries, which could make it easier for competitors to capture market share. Intellectual property rights necessary to protect our products and brand may also be unavailable or limited in certain countries. Furthermore, our efforts to enforce our trademarks, copyrights and other intellectual property rights may be met with defenses, counterclaims and countersuits attacking the validity and enforceability of our trademark and other intellectual property rights. Continued sales of competing products by our competitors could harm our brand and adversely impact our business, financial condition and results of operations.

Labour-related matters, including labour disputes, may adversely affect our operations.

As of March 31, 2024, approximately 37% of our employees are members of labour unions, comprised of active employees at 6 of our 10 operated manufacturing and warehouse facilities (comprised of 8 manufacturing facilities, 1 warehouse facility and 1 Baffin manufacturing facility). The exposure to unionized labour in our workforce presents an increased risk of strikes and other labour disputes, and our ability to alter labour costs will be subject to collective bargaining, which could adversely affect our results of operations. In addition, potential labour disputes at independent factories where our goods are produced, shipping ports, or transportation carriers create risks for our business, particularly if a dispute results in work slowdowns, lockouts, strikes or other disruptions during our peak manufacturing, shipping and selling seasons. Any potential labour dispute, either in our own operations or in those of third parties, on whom we rely, could materially affect our costs, decrease our sales, harm our reputation or otherwise negatively affect our sales, profitability or financial condition.

The majority of our workforce is composed of manufacturing employees based in the provinces of Ontario, Manitoba and Québec, a sizeable portion of whom are paid minimum wage rates based on the applicable provincial minimum wage, as well as a number of other benefits including variable pay components. Many jurisdictions, including certain Canadian provinces, either have increased or plan to increase their minimum wage and other benefits requirements, which may materially increase our manufacturing costs. Minimum wage increases such as the foregoing may not only increase the wages of our minimum wage employees, but also the wages paid to our other hourly or salaried employees who, in recognition of their tenure, performance, responsibilities and other similar considerations, historically received a rate of pay

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exceeding the applicable minimum wage. Further, if we fail to pay such higher wages, we could suffer increased employee turnover. It is difficult to predict when such increases may take place and any such increase could have a material adverse effect on our business, financial condition, results of operations and prospects.

Further, the risks to our business due to a pandemic or other public health emergency, such as the recent COVID-19 pandemic, include risks to employee health and safety, prolonged restrictive measures put in place in order to control the crisis and limitations on travel, which may result in temporary shortages of staff or unavailability of certain employees or consultants with key expertise or knowledge of our business and, impact on workforce productivity.

We rely significantly on information technology systems for our distribution systems and other critical business functions, and are increasing our reliance on these functions as our DTC channel expands. Any failure, inadequacy, or interruption of those systems could harm our ability to operate our business effectively.

We rely on information systems to effectively manage all aspects of our business, including merchandise planning, manufacturing, allocation, distribution, sales and financial reporting. Our reliance on these systems, and their importance to our business, will continue to increase as we expand our DTC channel and global operations. We rely on a number of third parties to help us effectively manage these systems. If information systems we rely on fail to perform as expected, our business could be disrupted. The failure by us or our vendors to manage and operate our information technology systems as expected could disrupt our business, result in not providing adequate product, losing sales or market share, and reputational harm, causing our business to suffer. Any such failure or disruption could have a material adverse effect on our business.

Our information technology systems and vendors also may be vulnerable to damage or interruption from circumstances beyond our or their control, including fire, flood, natural disasters, systems failures, network or communications failures, power outages, public health emergencies, security breaches, cyber-attacks and terrorism. For example, we have implemented a hybrid work-from-home policy for our corporate workforce in North America and Europe. This increase in working remotely could increase our cyber security risk, create data accessibility concerns, and make us more susceptible to communication disruptions, any of which could adversely impact our business operations. We maintain disaster recovery procedures intended to mitigate the risks associated with such events, but there is no guarantee that these procedures will be adequate in any particular circumstance. As a result, such an event could materially disrupt, and have a material adverse effect on, our business.

A portion of our sales are to wholesale partners, directly and through distributors, and we depend on them to display and present our products to customers in our wholesale channel. Our failure or inadvertent failure to maintain our relationships with our existing wholesale partners could harm our business.

A portion of our sales are made to wholesale partners, either directly or indirectly, through distributors. Our wholesale partners service customers by stocking and displaying our products and explaining our product attributes. We have progressively shifted sales from our wholesale channel to our DTC channel to drive sustainable growth, better control our brand, and manage relationships with our customers. Nevertheless, our relationships with our existing wholesale partners are important to the authenticity of our brand and the marketing programs we continue to deploy.

If we fail to maintain relationships with our existing wholesale partners, they could decide to emphasize products from our competitors, to redeploy their retail floor space to other product categories, or to take other actions that reduce their purchases of our products. We do not receive long-term purchase commitments from our wholesale partners, and confirmed orders

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received from our wholesale partners may be difficult to enforce. Factors that could affect our ability to maintain our sales to these wholesale partners include: (a) failure to accurately identify the needs of our customers; (b) lack of customer acceptance of new products, product expansions or changes in products (including the ceasing of the use of fur in our products); (c) unwillingness of our wholesale partners and customers to attribute premium value to our new or existing products or product expansions relative to competing products; (d) failure to obtain shelf space from our wholesale partners; and (e) new, well-received product introductions by competitors. If we lose any of our existing wholesale partners, or if they reduce their purchases of our existing or new products, or their number of stores or operations are reduced, or they promote products of our competitors over ours, or they suffer financial difficulty or insolvency, our sales and profitability could be harmed. Financial difficulties experienced by our existing wholesale partners could further harm our business.

We cannot ensure that our wholesale partners will continue to purchase and carry our products in accordance with current practices or carry any new products that we develop. The recent decline in the overall retail sector, including disruptions related to the recent COVID-19 pandemic, has been challenging for our wholesale partners. Such conditions, among other things, have resulted, and in the future may result, in financial difficulties leading to restructurings, bankruptcies, liquidations and other unfavorable events for our wholesale partners and may cause such partners to reduce or discontinue orders of our products or be unable to pay us for products they have purchased from us. This has caused us to negotiate shortened payment terms and reduce credit limits in certain cases. If the overall retail environment continues to decline or if one or more of our existing wholesale partners is unable or unwilling to meet our payment terms, our business and results of operations could be harmed.

Our marketing programs, our e-Commerce initiatives and our collection, use and disclosure of transactional and personal information about our customers are governed by an evolving set of laws and enforcement trends and changes in those laws or trends. Our failure or inadvertent failure to comply with existing or future laws, could substantially harm our business and results of operations.

We collect, process, disclose, maintain and otherwise use data, including personal information about individuals, including data available to us through online activities and other customer interactions in our business. Our current and future marketing programs may depend on our ability to collect, maintain, disclose and otherwise use this information, and our ability to do so is subject to evolving and increasingly demanding international, U.S., Canadian, Chinese, European legislation, jurisprudence, and regulatory guidelines such as the European Union’s General Data Privacy Regulation, Canada’s Personal Information Protection and Electronic Documents Act and China’s Personal Information Protection Law. In Canada and the United States multiple provinces and states have implemented personal information protection legislation. These information and privacy laws require companies to satisfy new data governance requirements including implementing appropriate security measures to protect the confidentiality, integrity, and availability of the personal information and allowing data subjects, depending on the jurisdiction, the right to access, correct or delete such data about themselves. Failure to comply with the data protection regulatory landscape could result in significant penalties. Companies are also facing an increasing number of class actions from consumer groups that claim loss or misuse of their personal information.

Although we strive to comply with all applicable laws and other security requirements related to privacy and information security, it is possible that these requirements are inconsistent from one jurisdiction to another. They may conflict with other rules or inadvertently not be reflected by our practices, our employees’ behaviour or our agreements with business partners. If so, we may suffer damage to our reputation and be subject to proceedings or actions against us by

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governmental entities or private parties, including a class of plaintiffs in the event of a class action. Any such proceeding or action could hurt our reputation, force us to spend significant amounts to defend our practices, distract our management or otherwise have an adverse effect on our business.

We post our privacy policies and practices concerning the collection, use and disclosure of personal information on our websites. Any failure by us to comply with our posted privacy policies or other privacy-related laws and regulations could result in proceedings which could potentially harm our business. In addition, certain of our marketing practices rely upon the sending of commercial electronic messages, including e-mails, to communicate with consumers. We may face risk if our use of commercial electronic messages is found to violate applicable laws and regulations. As information and privacy laws and anti-spam laws change, we may incur additional costs to ensure we remain in compliance. If information and data privacy laws and anti-spam laws become more restrictive at the international, federal, provincial or state levels, our compliance costs may increase, our ability to effectively engage customers via personalized marketing may decrease, our investment in our e-Commerce platform may not be fully realized, our opportunities for growth may be curtailed by our compliance burden and our potential reputational harm or liability for breaches may increase.

Data security breaches and other cyber security events could result in disruption to our operations or financial losses and could negatively affect our reputation, credibility and business.

We and our service providers are subject to risks associated with data security breaches and other cyber security events. We collect, process, maintain and use personal information relating to our customers and employees. We also disclose personal information about consumers and employees to third party service providers, who help us with our business operations, including the operation of our e-Commerce site and the provision of various social media tools and websites we use as part of our marketing strategy. Any attempted or actual unauthorized disclosure of personal information could harm our reputation and credibility, reduce our e-Commerce sales, impair our ability to attract website visitors, reduce our ability to attract and retain customers and could result in litigation, including class action lawsuits, against us or the imposition of significant fines or penalties.

Our online activities, including our e-Commerce websites, may also be subject to denial of service or other forms of cyber-attacks. While we have taken measures we believe are reasonable to protect against those types of attacks, those measures may not adequately protect our online activities from such attacks. If a denial of service attack or other cyber event were to affect our e-Commerce sites or other information technology systems, our business could be disrupted, we may lose sales or valuable data, and our reputation, results of operations and financial condition may be adversely affected. Additionally, new and evolving data protection legislation could impose more onerous requirements that could increase the risks associated with data security breaches.

We have procedures and technology in place designed to safeguard our customers’ debit and credit cards and our customers’ and employees’ other personal information under our control, and we continue to devote significant resources to network security, backup and disaster recovery, and other security measures. Nevertheless, these security measures cannot provide absolute security or guarantee that we will be successful in preventing and responding to breaches, loss, theft, or unauthorized access, disclosure, copying, use, or modification of personal information under our control.

As consumers are gaining more data privacy awareness, in the future there may be new foreign, federal, provincial and state laws and legislative proposals addressing data privacy and security, as well as increased data protection obligations imposed on merchants by credit card issuers.

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As a result, we may become subject to more extensive requirements to protect the personal information that we collect, use and disclose, resulting in, for example, increased compliance costs.

A significant portion of our business functions operate out of our headquarters in Toronto. As a result, our business is vulnerable to disruptions due to local weather, economics and other factors.

Most of our significant business functions reside at our headquarters in Toronto, Canada. Events such as public health emergencies, including epidemics and pandemics, extreme local weather, natural disasters, transportation strikes, acts of terrorism, significant economic disruptions or unexpected damage to the facility have resulted and could result in an unexpected disruption to our business as a whole. If a disruption of this type should occur, our ability to conduct our business could be adversely affected or interrupted entirely and adversely affect our financial and operating results.

Our success is substantially dependent on the continued service of our senior management.

Our success is substantially dependent on the continued service of our senior management, including Dani Reiss, who is our Chairman and Chief Executive Officer. The loss of the services of our senior management could make it more difficult to successfully operate our business and achieve our business goals. We also may be unable to retain existing management, technical, sales and client support personnel that are critical to our success, which could result in harm to our customer and employee relationships, loss of key information, expertise or know-how and unanticipated recruitment and training costs.

We have not obtained key man life insurance policies on any members of our senior management team. As a result, we would not be protected against the associated financial loss if we were to lose the services of members of our senior management team.

Talent management, employee retention and experience are important factors in our success.

Our future success also depends on our ability to attract, develop, and retain talent with the necessary knowledge, skills and experience and establish a positive work culture to maintain operations and institutional knowledge, and ensure we are competitive in our industry. Competition for experienced and well-qualified personnel is intense amidst a tight labour market with labour shortages and increased wage expectations. We, or the suppliers and service providers we rely on, may not be successful in attracting, hiring and retaining such personnel, which could impact our ability to remain competitive or operate efficiently and effectively. If we are unable to retain, hire, attract and motivate talented employees with the appropriate skill sets, or if changes to our organizational structure, operating results, or business model adversely affect morale or retention, we may not achieve our objectives and our results of operations could be adversely impacted.

We rely on credit card processors to receive payments, and are subject to payment-related risks.

For our DTC sales, as well as for sales to certain wholesale partners, we accept a variety of payment methods, including credit cards, debit cards and electronic funds transfers. Accordingly, we are, and will continue to be, subject to significant and evolving regulations and compliance requirements relating to payment card processing. This includes laws governing the collection, processing and storage of sensitive consumer information, as well as industry requirements such as the Payment Card Industry Data Security Standard (“PCI-DSS”). These laws and obligations may require us to implement enhanced authentication and payment

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processes that could result in increased costs and liability, and reduce the ease of use of certain payment methods. For certain payment methods, including credit and debit cards, we pay interchange and other fees, which may increase over time. We rely on independent service providers for payment processing, including credit and debit cards. If these independent service providers become unwilling or unable to provide these services to us or if the cost of using these providers increases, our business could be harmed. We are also subject to payment card association operating rules and agreements, including PCI-DSS, certification requirements and rules governing electronic funds transfers, which could change or be reinterpreted to make it difficult or impossible for us to comply. If we fail to comply with these rules or requirements, or if our data security systems are breached or compromised, we may be liable for losses incurred by card issuing banks or consumers, subject to fines and higher transaction fees, lose our ability to accept credit or debit card payments from our consumers, or process electronic fund transfers or facilitate other types of payments. Any failure to comply could significantly harm our brand, reputation, business, and results of operations.

Increased scrutiny from investors and others regarding our environmental, social, governance, or sustainability responsibilities could result in additional costs or risks and adversely impact our reputation, employee retention, and willingness of customers and suppliers to do business with us.

Investor advocacy groups, certain institutional investors, investment funds, other market participants, stockholders, current and prospective employees, and customers have focused increasingly on the ESG or “sustainability” practices of companies, including those associated with climate change. These parties have placed increased importance on the implications of the social cost of their investments. If our ESG practices do not meet investor or other industry stakeholder expectations and standards, which continue to evolve, our brand, reputation and employee retention may be negatively impacted based on an assessment of our ESG practices. Any sustainability report which we publish or other sustainability disclosures we make may include our policies and practices on a variety of social and ethical matters, including corporate governance, environmental compliance, employee health and safety practices, human capital management, product quality, supply chain management, and workforce inclusion and diversity. For instance, we have ceased the use of fur in our products and, in fiscal 2022, we achieved certification under Responsible Down Standard, which stipulates that all down is a by-product of the poultry industry. Nonetheless, it is possible that stakeholders may not be satisfied with our ESG practices or the speed of their adoption. We could also incur additional costs and require additional resources to monitor, report, and comply with various ESG practices, including the integration of ESG into our financial reporting in due course. Further, our failure, or perceived failure, to meet the standards included in any sustainability disclosure could negatively impact our reputation, employee retention, and the willingness of our customers and suppliers to do business with us.

If our independent manufacturers or our suppliers fail to use ethical business practices and fail to comply with changing laws and regulations or our applicable guidelines, our brand image could be harmed due to negative publicity.

Our core values, which include developing the highest quality products while operating with integrity, are an important component of our brand image, which makes our reputation sensitive to allegations of unethical or improper business practices, whether real or perceived. We have no or limited control over our suppliers and manufacturers or their business practices. Accordingly, we cannot guarantee their compliance with our guidelines or the law. A lack of compliance could lead to reduced sales or recalls or damage to our brand or cause us to seek

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alternative suppliers, which could increase our costs and result in delayed delivery of our products, product shortages or other disruptions of our operations.

In addition, many of our products include materials that are heavily regulated in many jurisdictions. Certain jurisdictions in which we sell have various regulations related to manufacturing processes and the chemical content of our products, including their component parts. Monitoring compliance by our manufacturers and suppliers is complicated, and we are reliant on their compliance reporting in order to comply with regulations applicable to our products. This is further complicated by the fact that expectations of ethical business practices continually evolve and may be substantially more demanding than applicable legal requirements. Ethical business practices are also driven in part by legal developments and by diverse groups active in publicizing and organizing public responses to perceived ethical shortcomings. Accordingly, we cannot predict how such regulations or expectations might develop in the future and cannot be certain that our guidelines or current practices would satisfy all parties who are active in monitoring our products or other business practices worldwide.

Our current and future products may experience quality problems from time to time that can result in negative publicity, litigation, product recalls and warranty claims, which could result in decreased revenue and operating margin, and harm to our brand.

There can be no assurance we will be able to detect, prevent, or fix all defects that may affect our products. Failure to detect, prevent, or fix defects, or the occurrence of real or perceived quality, health or safety problems or material defects in our current and future products, could result in a variety of consequences, including a greater number of product returns than expected from customers and our wholesale partners, litigation, product recalls, and credit, warranty or other claims, among others, which could harm our brand, sales, profitability and financial condition. We stand behind every Canada Goose product with a warranty against defects with reasonable use, for the expected lifetime of the product. Because of this comprehensive warranty, quality problems could lead to increased warranty costs, and divert the attention of our manufacturing facilities. Such problems could hurt our premium brand image, which is critical to maintaining and expanding our business. Any negative publicity or lawsuits filed against us related to the perceived quality and safety of our products could harm our brand and decrease demand for our products.

Our business could be adversely affected by protestors or activists.

Our products may include certain animal products, including goose and duck down in our outerwear and we previously included coyote fur on the hoods of some of our parkas, which has drawn the attention of animal welfare activists. As a result, we have been the target of protestors and activists in the past, including litigation commenced by such activists related to our use of certain animal products. While we ended the purchase of all fur at the end of 2021 and ceased manufacturing with fur at the end of 2022, we may continue to be targeted by protestors and activists in the future. We have been, and may in the future, also be impacted by widespread protests in any country or region that we trade.

Protestors can disrupt sales at our stores, cause or prolong store closures, and lead to property damage. Protestors can also use social media or other campaigns to sway public opinion against our products. In addition, such activism could influence laws or regulations applicable to the jurisdictions in which we operate, including laws and regulations related to the use of animal by-products. If any such activists are successful, our sales and results of operations may be adversely affected.

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The cost of raw materials could increase our cost of goods sold and cause our results of operations and financial condition to suffer.

The raw materials used in our supply chain include synthetic fabrics and natural products, including blend fabrics, nylon, polyester and down. Significant price fluctuations, including as a result of inflation, or shortages in the cost of these raw materials may increase our cost of goods sold and cause our results of operations and financial condition to suffer.

Additionally, increasing costs of labour, freight and energy could increase our and our suppliers’ cost of goods. If our suppliers are affected by increases in their costs of labour, freight and energy, (for example, because of rising global energy prices, increased global worker shortages impacting shipping and ports, truck driver shortages, increased congestion or other disruptions affecting the global distribution chain) they may attempt to pass these cost increases on to us. If we pay such increases, we may not be able to offset them through increases in our pricing, which could adversely affect our results of operation and financial condition.

Fluctuations in foreign currency exchange rates could harm our results of operations as well as the price of our subordinate voting shares.

The presentation currency for our consolidated financial statements is the Canadian dollar. Because we recognize sales in U.S. dollars, Euros, British pounds sterling, Swiss francs, Swedish kronor, Hong Kong dollars, Chinese yuan, and Japanese yen, if any of these currencies weakens against the Canadian dollar it would have a negative impact on our local operating results upon translation of those results into Canadian dollars for the purposes of financial statement consolidation. Although we engage in short-term hedging transactions for a portion of our foreign currency denominated cash flows to mitigate foreign exchange risks, depending upon changes in future currency rates, including those fluctuations derived from the broader impact on the global economy caused by rising inflationary pressures, rising interest rates and geopolitical uncertainty, such gains or losses could have a significant, and potentially adverse, effect on our results of operations. Foreign exchange variations have been significant in the past and current foreign exchange rates may not be indicative of future exchange rates. Significant variations in foreign exchange rates may also make hedging contracts ineffective for hedge accounting purposes in future periods.

Our earnings per share are reported in Canadian dollars, and accordingly may be translated into U.S. dollars by analysts or our investors. As a result, the perceived value of an investment in our subordinate voting shares to a U.S. shareholder will fluctuate as the U.S. dollar rises and falls against the Canadian dollar. As a result, U.S. and other shareholders seeking U.S. dollar total returns, including increases in the share price, are subject to foreign exchange risk as the U.S. dollar fluctuates in value against the Canadian dollar.

Political uncertainty and an increase in trade protectionism could have a material adverse effect on our business, results of operation and financial condition.

As a prominent Canadian brand, geopolitical events that involve Canada may have an impact on our business and share price. In addition, our brand and Canadian heritage may be detrimental to the company in the context of geopolitical disputes aimed at Canada or actors or situations with significant actual or perceived connection to Canada. We sell a significant portion of our products to customers outside of Canada and changes, potential changes or uncertainties in regulatory and economic conditions or laws and policies governing foreign trade, manufacturing, and development and investment in the territories and countries where we operate, could adversely affect our business and consolidated financial statements. Consumer sentiment in countries outside Canada may be affected by unforeseen factors leading to harm to our brand or may impact our business. Any potential or ongoing governmental action related to tariffs or international trade agreements has the potential to adversely impact demand for our

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products, our costs, customers, suppliers and/or the Canadian, U.S. or world economy or certain sectors thereof and, thus, to adversely impact our business.

We could be adversely affected by violations of the Canadian Corruption of Foreign Public Officials Act, the U.S. Foreign Corrupt Practices Act and similar worldwide anti-bribery and anti-kickback laws.

We conduct our business in Canada and increasingly outside Canada, including the sourcing of an increasingly significant portion of our products from outside Canada. The Canadian Corruption of Foreign Public Officials Act, the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and other similar anti-bribery and anti-kickback laws and regulations generally prohibit companies and their intermediaries from making improper payments government officials for the purpose of obtaining or retaining business. While we take steps to ensure that our distributors, consultant and personnel comply with applicable law, we cannot assure you that we will be successful in preventing our employees or other agents from taking actions in violation of these laws or regulations. Such violations, or allegations of such violations, could disrupt our business and result in a material adverse effect on our financial condition, results of operations and cash flows.

We have been and may become involved in legal or regulatory proceedings and audits.

Litigation and other claims may arise in the ordinary course of our business and may include employee and client claims, commercial disputes involving business partners and clients, landlord-tenant disputes, intellectual property disputes, product-oriented allegations and personal injury claims. These claims can raise complex factual and legal issues that are subject to risks and uncertainties and could require significant management time. Moreover, our business requires compliance with many laws and regulations, including labour and employment, sales and other taxes, customs, and consumer protection laws and ordinances that regulate retailers generally and/or govern the importation, promotion and sale of merchandise, and the operation of stores and warehouse facilities. Failure to comply with these laws and regulations could subject us to lawsuits and other proceedings, and could also lead to damage awards, fines and penalties.

We have in the past and may become involved in legal proceedings or audits, including commercial, contractual, employment, tort and other litigation, and other government and agency investigations. The outcome of some of these legal proceedings, audits, and other contingencies could require us to take, or refrain from taking, actions that could harm our operations or require us to pay substantial amounts of money, harming our financial condition. Additionally, defending against these lawsuits and proceedings may be necessary, which could result in substantial costs and diversion of management’s attention and resources, harming our financial condition. There can be no assurance that any pending or future legal or regulatory proceedings and audits will not harm our business, financial condition and results of operations.

We are subject to many hazards and operational risks that can disrupt our business, some of which may not be insured or fully covered by insurance.

Our operations are subject to many hazards and operational risks inherent to our business, including: general business risks, product liability, false or misleading advertising claims, product recall and damage to third parties, our infrastructure or properties caused by fires, floods and other natural disasters, power losses, telecommunications failures, terrorist attacks, public health emergencies (including epidemics and pandemics, such as the recent COVID-19 pandemic), cyber security events, human errors, political instability, social and labour unrest or war and similar events.

Our insurance coverage may exclude or may be inadequate to cover our liabilities related to such hazards or operational risks. In addition, we may not be able to maintain adequate

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insurance in the future at rates we consider reasonable and commercially justifiable, and insurance may not continue to be available on terms as favorable as our current arrangements. The occurrence of a significant uninsured claim, or a claim in excess of the insurance coverage limits maintained by us could harm our business, results of operations and financial condition.

Furthermore, our inability to successfully recover should we experience a disaster or other business continuity problem could cause material financial loss, loss of human capital, regulatory actions, reputational harm, or legal liability.

We may be subject to in-store and workplace health and safety liability, claims and penalties.

We are committed to protecting the health and well-being of our customers and employees in all of our stores and workplaces. We have workplace and in-store health and safety programs in place and have established policies and procedures aimed at ensuring compliance with applicable legislative requirements within our stores. Failure to comply with established policies and procedures or applicable legislative requirements could result in increased workplace or in-store injury-related liability and penalties. Any workplace or in-store injuries could lead to claims or litigation being brought against our company, which could adversely affect the reputation of our company and could have a material adverse effect on our business, operating results and financial condition. Although we maintain insurance policies we deem sufficient to address those situations, there is no guarantee a particular claim would be accepted by the insurer or that the insurance coverage would be sufficient.

Any failure to maintain effective internal control over financial reporting could have a material adverse effect on our ability to produce accurate and timely financial statements, which could harm our operating results, financial condition, and cash flows, our ability to operate our business and our reputation.

The process of designing and implementing effective internal controls is a continuous effort that requires us to anticipate and react to changes in our business and to expend resources to maintain a system of internal controls that is adequate to satisfy our reporting obligations as a public company. The measures we take may not be sufficient to satisfy our obligations as a public company and if we are unable to establish or maintain appropriate internal financial reporting controls and procedures, it could cause us to fail to meet our reporting obligations on a timely basis, result in material misstatements in our consolidated financial statements and harm our results of operations.

We cannot provide assurances that material weaknesses or significant deficiencies will not occur in the future and that we will be able to remediate such weaknesses or deficiencies in a timely manner, which could have a material adverse effect on our ability to produce accurate and timely financial statements, which could harm our operating results, financial condition, and cash flows, our ability to operate our business and our reputation.

If we identify any material weakness in the future, it could negatively impact the company’s ability to prepare its future financial statements in conformity with IFRS. If the company were unable to prepare its future financial statements in conformity with IFRS, we may be unable to report our financial results accurately, which could increase operating costs, trigger an event of default under our credit agreements and harm our business, including our investors’ perception of our business, our share price and our ability to finance our operations.

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Risks Related to Our Subordinate Voting Shares

The dual-class structure contained in our articles has the effect of concentrating voting control and the ability to influence corporate matters with Bain Capital and our Chairman and Chief Executive Officer, who held our shares prior to our initial public offering.

Our multiple voting shares have 10 votes per share and our subordinate voting shares have 1 vote per share. As of March 31, 2024, shareholders who hold multiple voting shares (Bain Capital and our Chairman and Chief Executive Officer (including their respective affiliates)), together hold approximately 91.8% of the voting power of our outstanding voting shares and therefore have significant influence over our management and affairs and over all matters requiring shareholder approval, including the election of directors and significant corporate transactions.

In addition, because of the 10-to-1 voting ratio between our multiple voting shares and subordinate voting shares, the holders of our multiple voting shares will control a majority of the combined voting power of our voting shares even where the multiple voting shares represent a substantially reduced percentage of our total outstanding shares. The concentrated voting control of holders of our multiple voting shares limits the ability of holders of our subordinate voting shares to influence corporate matters for the foreseeable future, including the election of directors as well as with respect to decisions regarding amending of our share capital, creating and issuing additional classes of shares, making significant acquisitions, selling significant assets or parts of our business, merging with other companies and undertaking other significant transactions. As a result, holders of multiple voting shares will have the ability to influence or control many matters affecting us and actions may be taken that holders of our subordinate voting shares may not view as beneficial. The market price of our subordinate voting shares could be adversely affected due to the significant influence and voting power of the holders of multiple voting shares. Additionally, the significant voting interest of holders of multiple voting shares may discourage transactions involving a change of control, including transactions in which an investor, as a holder of the subordinate voting shares, might otherwise receive a premium for the subordinate voting shares over the then-current market price, or discourage competing proposals if a going private transaction is proposed by one or more holders of multiple voting shares.

Future transfers by holders of multiple voting shares, other than permitted transfers to such holders’ respective affiliates or direct family members or to other permitted holders, will result in those shares automatically converting to subordinate voting shares, which will have the effect, over time, of increasing the relative voting power of those holders of multiple voting shares who retain their multiple voting shares.

Bain Capital is expected to continue to have significant influence over us in the future, including control over decisions that require the approval of shareholders, which could limit shareholders’ ability to influence the outcome of matters submitted to shareholders for a vote.

We are currently controlled by Bain Capital. As of March 31, 2024, Bain Capital beneficially owned approximately 60.5% of our outstanding multiple voting shares, or approximately 55.6% of the combined voting power of our multiple voting shares and subordinate voting shares outstanding. In addition, our Chairman and Chief Executive Officer beneficially owns approximately 39.5% of our outstanding multiple voting shares, or approximately 36.2% of the combined voting power of our multiple voting shares and outstanding voting shares. As long as Bain Capital owns or controls at least a majority of our outstanding voting power, it will have the ability to exercise substantial control over all corporate actions requiring shareholder approval, irrespective of how our other shareholders may vote, including the election and removal of directors and the size of our board of directors, any amendment of our notice of articles and

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articles, or the approval of any merger or other significant corporate transaction, including a sale of substantially all of our assets. Even if its ownership falls below 50% of the voting power of our outstanding multiple voting shares and subordinate voting shares, Bain Capital will continue to be able to strongly influence or effectively control our decisions. Bain Capital’s multiple voting shares convert automatically to subordinate voting shares at the time that Bain Capital and its affiliates no longer beneficially own at least 15% of the outstanding subordinate voting shares and multiple voting shares on a non-diluted basis. Even once Bain Capital’s multiple voting shares convert into subordinate voting shares, we may continue to be a controlled company so long as an entity controlled by our Chairman and Chief Executive Officer continues to hold multiple voting shares.

Additionally, Bain Capital’s interests may not align with the interests of our other shareholders. Bain Capital is in the business of making investments in companies and may acquire and hold interests in businesses that compete directly or indirectly with us. Bain Capital may also pursue acquisition opportunities that may be complementary to our business, and, as a result, those acquisition opportunities may not be available to us.

We are a controlled company within the meaning of the NYSE listing rules and, as a result, will qualify for, and intend to rely on, exemptions from certain corporate governance requirements. Our shareholders will not have the same protections afforded to shareholders of companies that are subject to such requirements.

We are a controlled company within the meaning of the corporate governance standards of the NYSE. Under these rules, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or another company is a controlled company and may elect not to comply with certain corporate governance requirements, including the requirements that:

•we have a compensation committee that is composed entirely of independent directors; and

•we have a nominating and governance committee that is composed entirely of independent directors.

As a foreign private issuer, we are exempt from certain U.S. securities law disclosure requirements that apply to a domestic U.S. issuer, which may limit the information publicly available to our shareholders.

As a foreign private issuer we are not required to comply with all of the periodic disclosure and current reporting requirements of the Securities Exchange Act of 1934, as amended (“Exchange Act”) and therefore there may be less publicly available information about us than if we were a U.S. domestic issuer. For example, we are not subject to the proxy rules in the United States and disclosure with respect to our annual meetings and any special meeting of shareholders will be governed by Canadian requirements. In addition, our officers, directors and principal shareholders are exempt from the reporting and short-swing profit recovery provisions of Section 16 of the Exchange Act and the rules thereunder. Furthermore, as a foreign private issuer, we may take advantage of certain provisions in the NYSE listing rules that allow us to follow Canadian law for certain governance matters.

Our articles, and certain Canadian legislation contain provisions that may have the effect of delaying or preventing a change in control.

Certain provisions of our articles, together or separately, could discourage potential acquisition proposals, delay or prevent a change in control and limit the price that certain investors may be willing to pay for our subordinate voting shares. For instance, our articles contain provisions that establish certain advance notice procedures for nomination of candidates for election as

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directors at shareholders’ meetings. A non-Canadian must file an application for review with the Minister responsible for the Investment Canada Act and obtain approval of the Minister prior to acquiring control of a “Canadian business” within the meaning of the Investment Canada Act, where prescribed financial thresholds are exceeded. Furthermore, acquisitions of our subordinate voting shares and multiple voting shares may be reviewed pursuant to the Competition Act (Canada). This legislation permits the Commissioner of Competition, or Commissioner, to review any acquisition or establishment, directly or indirectly, including through the acquisition of shares, of control over or of a significant interest in us. Otherwise, there are no limitations either under the laws of Canada or British Columbia, or in our articles on the rights of non-Canadians to hold or vote our subordinate voting shares and multiple voting shares. Any of these provisions may discourage a potential acquirer from proposing or completing a transaction that may have otherwise presented a premium to our shareholders.

Because we are a corporation incorporated in British Columbia and some of our directors and officers are resident in Canada, it may be difficult for investors in the United States to enforce civil liabilities against us based solely upon the federal securities laws of the United States. Similarly, it may be difficult for Canadian investors to enforce civil liabilities against our directors and officers residing outside of Canada.

We are a corporation incorporated under the laws of British Columbia with our principal place of business in Toronto, Canada. Some of our directors and officers and the auditors or other experts named herein are residents of Canada and all or a substantial portion of our assets and those of such persons are located outside the United States. Consequently, it may be difficult for U.S. investors to effect service of process within the United States upon us or our directors or officers or such auditors who are not residents of the United States, or to realize in the United States upon judgments of courts of the United States predicated upon civil liabilities under the Securities Act. Investors should not assume that Canadian courts: (1) would enforce judgments of U.S. courts obtained in actions against us or such persons predicated upon the civil liability provisions of the U.S. federal securities laws or the securities or blue sky laws of any state within the United States or (2) would enforce, in original actions, liabilities against us or such persons predicated upon the U.S. federal securities laws or any such state securities or blue sky laws.

Similarly, some of our directors and officers are residents of countries other than Canada and all or a substantial portion of the assets of such persons are located outside Canada. As a result, it may be difficult for Canadian investors to initiate a lawsuit within Canada against these non-Canadian residents. In addition, it may not be possible for Canadian investors to collect from these non-Canadian residents judgments obtained in courts in Canada predicated on the civil liability provisions of securities legislation of certain of the provinces and territories of Canada. It may also be difficult for Canadian investors to succeed in a lawsuit in the United States, based solely on violations of Canadian securities laws.

Changes in tax laws and regulations or trade rules may impact our effective tax rate and may adversely affect our business, financial condition and operating results.

We are subject to income taxes in the jurisdictions in which we operate and, consequently, income tax expense is a function of the allocation of taxable income by jurisdiction and the various activities that impact the timing of taxable events.

Legislation implementing the Organization for Economic Cooperation and Development’s (OECD) model rules outlining a structure for a new 15% global minimum tax regime (the “Pillar Two Rules”) has been enacted or substantively enacted locally in a number of jurisdictions in which the Company operates in, where they would be effective for the financial year beginning on April 1, 2024. Based on a preliminary assessment, the Pillar Two Rules effective tax rate in most of the jurisdictions in which the Company operates in, is already above 15%. As a result,

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any impact of these rules is not expected to be material. However, the Company will continue to monitor and reassess the impact of the Pillar Two Rules and any change may impact our financial condition and operating results.

Changes in tax laws in any of the multiple jurisdictions in which we operate, or adverse outcomes from tax audits that we may be subject to in any of the jurisdictions in which we operate, could result in an unfavorable change in our effective tax rate, which could adversely affect our business, financial condition and operating results.

There can be no assurance that we will not be a passive foreign investment company, or PFIC, for U.S. federal income tax purposes for any taxable year, which could result in adverse U.S. federal income tax consequences to U.S. Holders of our ordinary shares.

Under United States federal income tax laws, a non-U.S. corporation will be a passive foreign investment company (a “PFIC”) for any taxable year if either (1) at least 75% of its gross income for such year consists of certain types of “passive” income; or (2) at least 50% of the value of its assets (based on an average of the quarterly values of the assets) during such year is attributable to assets that produce passive income or are held for the production of passive income. We do not believe that we were a PFIC in 2022, and we do not expect to be a PFIC in the foreseeable future. However, since the determination of whether we are a PFIC is a factual determination made annually based on all the facts and circumstances and thus is subject to change, and the principles and methodology used in determining whether a company is a PFIC are subject to interpretation, there can be no assurance given in this regard. Moreover, we cannot guarantee that the Internal Revenue Service, or IRS, will agree with our conclusion. Accordingly, we cannot assure you that we will not be treated as a PFIC for any taxable year or that the IRS will not take a position contrary to any position we take. United States holders of our subordinate voting shares are urged to consult their tax advisors concerning United States federal income tax consequences of holding our subordinate voting shares if we are considered to be a PFIC.

If we were to be or become a PFIC for any taxable year during which a U.S. Holder (as defined in “Item 10. Additional Information—E. Taxation.”) holds our subordinate voting shares, certain adverse U.S. federal income tax consequences could apply to such U.S. Holder. See “Item 10. Additional Information—E. Taxation—Passive Foreign Investment Company Considerations.”

Canada Goose Holdings Inc. is a holding company with no operations of its own and, as such, it depends on its subsidiary for cash to fund its operations and expenses, including future dividend payments, if any.

As a holding company, our principal source of cash flow is distributions from our main operating subsidiary, Canada Goose Inc. Therefore, our ability to fund and conduct our business, service our debt and pay dividends, if any, in the future will depend on the ability of our subsidiary to generate sufficient cash flow to make upstream cash distributions to us. Our subsidiary is a separate legal entity, and although it is wholly-owned and controlled by us, it has no obligation to make any funds available to us, whether in the form of loans, dividends or otherwise. The ability of our subsidiary to distribute cash to us will also be subject to, among other things, restrictions that may be contained in our subsidiary agreements (as entered into from time to time), availability of sufficient funds in such subsidiary and applicable laws and regulatory restrictions. Claims of any creditors of our subsidiary generally will have priority as to the assets of such subsidiary over our claims and claims of our creditors and shareholders. To the extent the ability of our subsidiary to distribute dividends or other payments to us is limited in any way, our ability to fund and conduct our business, service our debt and pay dividends, if any, could be harmed.

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If securities or industry analysts cease publishing research or reports about us, our business or our market, or if they change their recommendations regarding our subordinate voting shares adversely, the price and trading volume of our subordinate voting shares could decline.

The trading market for our subordinate voting shares is influenced by the research and reports that industry or securities analysts publish about us, our business, our market or our competitors. If any of the analysts who cover us or may cover us in the future change their recommendation regarding our subordinate voting shares adversely, or provide more favorable relative recommendations about our competitors, the price of our subordinate voting shares may decline. If any analyst who covers us or may cover us in the future were to cease coverage of our company or fail to regularly publish reports on us, we could lose visibility in the financial markets, which in turn could cause the price or trading volume of our subordinate voting shares to decline.

Our constating documents permit us to issue an unlimited number of subordinate voting shares and multiple voting shares without additional shareholder approval.

We may, from time to time, issue additional subordinate voting shares in the future. Subject to the requirements of the NYSE and the TSX, we will not be required to obtain the approval of shareholders for the issuance of additional subordinate voting shares. Although the rules of the TSX generally prohibit us from issuing additional multiple voting shares, there may be certain circumstances where additional multiple voting shares may be issued, including upon receiving shareholder approval. Any further issuances of subordinate voting shares or multiple voting shares will result in immediate dilution to existing shareholders and may have an adverse effect on the value of their shareholdings. Additionally, any further issuances of multiple voting shares may significantly lessen the combined voting power of our subordinate voting shares due to the 10-to-1 voting ratio between our multiple voting shares and subordinate voting shares.

ITEM 4. INFORMATION ON THE COMPANY

A. History

In December 2013, we partnered with Bain Capital through a sale of a 70% equity interest in our business. In connection with such sale, Canada Goose Holdings Inc. was incorporated under the Business Corporations Act (British Columbia) (the “BCBCA”) on November 21, 2013. The initial public offering of our subordinate voting shares in the United States and Canada was completed on March 21, 2017.

In November 2018, we acquired the business of Baffin Inc. (“Baffin”), a Canadian designer and manufacturer of performance outdoor and industrial footwear. Field-tested and trusted in extreme cold weather conditions, Baffin products are predominantly sold through distributors and retailers in Canada and the United States. As a wholly-owned subsidiary, Baffin is managed and operated on a stand-alone basis, with distinct products, sales channels, and customers.

In 2020, Canada Goose announced HUMANATURE, its purpose platform that unites its sustainability and values-based initiatives.

In April 2022, we entered into an agreement to form a joint venture with Sazaby League, Ltd. pursuant to which we acquired 50% of the issued and outstanding voting shares of the legal entity comprising the joint venture, Canada Goose Japan, K.K. (“CG Japan”). CG Japan markets, distributes, and sells Canada Goose products in Japan. It also operates a number of directly operated stores across Japan, a national digital commerce site, as well as wholesale points of distribution across the country.

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On November 1, 2023, a newly incorporated subsidiary of the Company, Paola Confectii Manufacturing Limited (“Paola Confectii”), acquired the business of Paola Confectii SRL, a luxury knitwear manufacturer. This acquisition is expected to enhance product margins and supply control, while deepening in-house product expertise and capability.

Our principal office is located at Floor 22, 100 Queens Quay East, Toronto, Canada, M5E 1V3 and our telephone number is (416) 780-9850. Our registered office is located at Suite 1700, Park Place, 666 Burrard Street, Vancouver, British Columbia, Canada, V6C 2X8. Our website address is www.canadagoose.com. Information contained on, or accessible through, our website is not a part of this Annual Report and the inclusion of our website address in this Annual Report is an inactive textual reference. The SEC maintains a website at www.sec.gov that contains reports, proxy and information statements, and other information regarding registrants that make electronic filings with the SEC using its EDGAR system. Corporation Service Company, located at 251 Little Falls Drive, Wilmington, Delaware, is the company’s agent for service of process in the United States.

B. Business Overview

Canada Goose is a performance luxury outerwear, apparel, footwear, and accessories brand. For more than 60 years, we have designed, manufactured, and sold products that inspire people to thrive in the world outside. Founded in 1957 in Toronto, Canada, our products are designed with purpose, inspired by a rich heritage of functionality, craftsmanship, and innovation.

We believe the following differentiators are primary drivers of Canada Goose’s historical success and are the foundation on which to build for the future.

Our deep heritage and brand authenticity. Leveraging decades of experience, field testing, and obsessive attention to detail, we develop high-quality luxury and lifestyle products designed to protect from weather elements, offer stylish comfort, and provide an overall sense of well-being.

Relentless innovation and product evolution. Our expertise in matching our technical fabrics with the optimal blends of down enables us to create warmer, lighter, more durable, and versatile products across seasons and applications. Our commitment to superior quality and lasting performance now also extends into our emerging product categories, including apparel, rain and wind outerwear, footwear, and accessories.

Strong Canadian manufacturing capabilities. We are committed to investing in producing most of our down-filled products in Canada, the country from which we draw our inspiration. Our Canadian production facilities and craftspeople allow us to deliver high-quality, functional products, which we believe has set us apart on the international stage and in the minds of our customers. As we expand our product categories, we intend to manufacture our products in the regions we believe are best equipped to meet our high standards of quality and craftsmanship. In fiscal 2024, the majority of our goods were manufactured in Canada, including nearly all of our down-filled outerwear.

Vertically integrated supply chain. We directly control the design, innovation, engineering, and testing of our products, which we believe allows us to achieve greater operating efficiencies and deliver high-quality products. We manage our production through a combination of in-house manufacturing facilities and long-standing relationships with third-party sub-contractors. Our flexible supply chain gives us distinct advantages, including the ability to scale our operations, adapt to customer demand, shorten product development cycles, and achieve higher margins.

Our strategic positioning is underpinned by:

Increasingly controlled distribution through a primarily Direct-to-Consumer sales channel. Our products are sold directly to consumers around the world through our brick-and-

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mortar and online stores, as well as to wholesale distributors. We have progressively shifted sales from our wholesale channel to our DTC channel to drive sustainable growth, better control our brand, and manage relationships with our customers.

Our sustainability practices. Canada Goose is committed to contributing to a more sustainable future – one that supports the long-term success of our business, our communities, and the environment. Our commitment is reflected in how we conduct responsible business, including the selection and sourcing of materials, our manufacturing, distribution, and store operations, and how we nurture our talent and impact our communities. See Sustainability section for more information.

Growth Strategies

Canada Goose is on a journey to become a leading global luxury and lifestyle brand that reflects our unique qualities and rich heritage. We intend to maintain our leading position in warm outerwear, preserving our brand’s strength in performance and function, and enhancing the exclusivity of the brand as we build our product architecture to attract and retain more customers throughout the year. In fiscal 2024, we focused on the following themes:

Build a global retail network

Our Direct-to-Consumer store network has grown from one retail store in Canada in 2016 to 68 stores at the end of fiscal 2024 spanning 13 markets. In addition, we have a direct e-Commerce presence in more than 50 markets. Together, through complementary digital and retail experiences, we aim to offer customers a seamless omnichannel experience.

We see opportunity in multiple new markets and expect to increase our DTC penetration within existing markets, with a focus on improving sales per square foot in our existing stores and selecting locations that offer the optimal mix of traffic, adjacencies, and economics. See DTC channel section for more detail.

Drive customer-focused growth

We are broadening our appeal and how we engage with our target customer segments through our brand and marketing campaigns, partnerships, and elevated shopping experiences. We are also improving brand clarity by strengthening the connection between our brand campaigns and our products. See Brand and Marketing section for more information.

Product expansion

As a product-led, function-first brand, we expect to continue to evolve and expand our offering across styles, uses, and seasons as we seek to drive higher penetration and expand our geographic appeal. In May 2024, we announced the appointment of our first ever Creative Director, Haider Ackermann, who, alongside Dani Reiss, is tasked with leading the evolution of our product portfolio and elevation of the Canada Goose brand.

We intend to deliver year-round relevance consistent with Canada Goose’s position as a luxury and lifestyle brand. While continuing to grow our heavyweight down product category, we also intend to focus on emerging product lines such as rainwear, apparel and footwear and the addition of further categories. See Our Products section for more detail.

Advance our Transformation Program

In the fourth quarter of fiscal 2023, we launched our Transformation Program to strengthen the foundation of our company to drive efficient and scalable operations and deliver strong revenue growth, contributing to margin expansion over the long-term. This multiphase program includes the following workstreams: the organization and operating model, stores, production and procurement, product, planning and supply chain, marketing and experience, and technology.

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In fiscal 2024, key initiatives executed against these workstreams were as follows:

•Organization and operational model. We undertook a significant review of the organizational structure and roles needed to achieve our objectives of simplifying decision-making, moving with agility, and increasing efficiencies across our operating platform. This resulted in a streamlining of the organization, including two phases of workforce reductions implemented in August 2023 and March 2024.

•Stores. We introduced new labour planning tools to optimize scheduling in our retail stores and implemented new tools and training to enhance our customer experience both in-store and online.

•Production and procurement. We completed the consolidation of one of our manufacturing facilities in Montreal to improve the efficiencies in our supply chain and continued to apply LEAN methodology driving further efficiencies in our plants. We also in-housed production, counter sourced our raw materials, and established new production partnerships in Europe.

•Product, planning, and supply chain. We implemented enhanced merchandising planning and practices to support optimal placement of product according to the demand relevant for each store location. In addition, we optimized our distribution network focusing on continuous improvement initiatives, merged smaller warehouses into larger facilities and strengthened our transportation services.

In fiscal 2025, we will operationalize the workstreams of our Transformation Program into three key operating imperatives to deliver progress and measurement. These include implementing best-in-class luxury retail operations, setting the foundation for the next phase of brand and product evolution, and simplifying and focusing the way we operate internally.

Our Products

Our products are designed with expertise with a focus on function and style. The products we manufacture and sell are marketed under the Company’s brands: Canada Goose and Baffin. Further, following the acquisition of Romanian-based Paola Confectii Manufacturing in fiscal 2024, we, through our Paola Confectii subsidiary, manufacture for and supply products to select leading luxury and lifestyle brands.

We offer customers main collections plus a number of capsule collections and collaborations. The collections include a high proportion of continuative products, which are generally sold across seasons with minimal style changes, are highly distinctive, and are recognized as iconic products. Our capsule collections are mainly inspired by regional artists and local traditions, while our product collaborations leverage partnerships that help to drive brand heat and cultural relevancy with new and diverse audiences.

Our products include heavyweight down, lightweight down, other outerwear such as for rain and wind, apparel, and footwear and accessories. Revenue from heavyweight down products represented 54% of our total revenue in fiscal 2024 (57% in fiscal 2023).

Canada Goose created the Thermal Experience Index (TEI), an easy-to-understand five point system that enables customers to make an informed choice in their search for the right parka, jacket, or knitwear for a specific environment and activity. It works using a scale, in which 1 indicates the lightest insulation (e.g. shells, lightweight down for active pursuits) and 5 indicates the warmest parkas we make.

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Heavyweight down – our Heavyweight down products include styles designed to protect individuals in temperatures below -10 degrees Celsius and range from traditional to contemporary pieces. These products are given a TEI rating between 3 and 5.

Lightweight down – our Lightweight down products include a variety of styles designed to be worn in temperatures above -15 degrees Celsius. These products are given a TEI rating between 1 to 3.

Other outerwear – our other outerwear products include rain and everyday collections, jackets for everyday occasions, fleece, and vests.

Apparel – our apparel products include men’s and women’s leisure wear, including knitwear, sweats, and t-shirts.

Footwear and Accessories – our footwear and accessories products encompass men’s, women’s, and children’s products, including sneakers, boots, hats, scarves, gloves, hood trims, socks, and bags. In fiscal 2024, we launched our sneaker line.

Our Sales Channels and Key Markets

The channels through which we interact and sell to our customers have evolved over time to align with the evolution of our brand position from a pure performance and functional brand to a luxury and lifestyle brand. We have moved along the continuum from wholesale toward a primarily direct-to-consumer retail channel to deepen relationships with our customers through direct experience with the brand, capture more of our sales data to improve our products and customer experiences, manage our inventory through controlled distribution, and elevate the overall brand. In addition, we leverage alternative channels, including friends and family and employee sales to aid with exiting slow-moving and discontinued inventory and make room to offer new products in our stores. Sales via these alternative channels are reported under the Other segment.

The proportion of sales through our DTC and Wholesale channels varies by region.

The table below represents approximate values for each region and segment.

Percentage of DTC, Wholesale, and Other Revenue by Region

Region	Fiscal 2024	Fiscal 2023	Fiscal 20221
North America	70% DTC, 20% Wholesale, 10% Other	68% DTC, 27% Wholesale, 5% Other	70% DTC, 29% Wholesale, 1% Other
EMEA2	45% DTC, 50% Wholesale, 5% Other	46% DTC, 53% Wholesale, 1% Other	48% DTC, 52% Wholesale
Asia Pacific	85% DTC, 14% Wholesale, 1% Other	80% DTC, 19% Wholesale, 1% Other	79% DTC, 21% Wholesale

1.Less than 1% of Other revenue in EMEA and Asia Pacific in Fiscal 2022.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

DTC Channel

We operate our business using an omnichannel strategy that aims to deliver a seamless and consistent experience to our customers across our direct channels, regardless of whether customers are shopping for products in our physical stores or online. Our current omnichannel capabilities include buy-online-return-in-store and endless aisle.

We also continue to develop our retail capabilities to enhance the shopping experience and deepen our relationships with our customers.

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Retail Stores

We strive to provide an immersive experience in our stores where consumers can engage with our brand and products.

In fiscal 2024, we introduced our new customer experience program, Canadian Warmth, primarily delivered in our retail stores. Canadian Warmth provides a distinctive approach to the guest experience through the conversations that our brand ambassadors have with guests, their expert guidance as customers explore product, and the attention provided to our customers as they are guided to the right purchase to serve their needs. The objective of Canadian Warmth is to educate customers about our brand and products, nurture desire for the brand, and improve sales conversion through a distinctive elevated luxury retail experience.

We have expanded our retail network in a strategic and selective manner with a portfolio of stores in premier locations. We do not employ a one-size-fits-all approach, with the determination of store size, location, and product assortment based on local demand factors and our overarching global company strategy.

We operate the following types of retail stores:

Permanent stores represent the vast majority of our store network and are located either in premier shopping malls or as standalone stores. The end-to-end store experience including store design, merchandising, and customer service is owned and operated by us. We have three types of permanent stores.

•Flagship. Flagship stores are our lead stores and typically are our largest stores by size, conveying the fullest expression of the brand, showcasing the most unique products, design, and technology. They offer a comprehensive product assortment and typically include our award-winning snow or cold rooms. As of March 31, 2024, we operated four flagship stores (one in Canada, one in the United Kingdom, and two in Asia Pacific).

•Branded. Our branded stores are generally smaller in size than our flagship stores and carry an assortment of products based on the store’s size, location, and customer preferences. Some branded stores include our cold rooms. Most of the stores in our global retail network are branded stores. As of March 31, 2024, we operated 61 branded stores.

•Concessions. Our concession stores, which are located on department store premises, have the smallest footprint among our retail store types. As of March 31, 2024, we operated three concessions, located in Asia Pacific.

We also operate pop-up and temporary stores that are opened seasonally and typically for less than a year. These stores enable us to test and learn in new markets before opening a permanent store and/or serve our customers during peak shopping periods at new or existing locations. The product assortment in these stores is tailored to the store’s size, local relevance, and demand.

As at March 31, 2024, our DTC segment by geography included the following directly operated permanent retail stores:

Geography	March 31, 2024 Number of stores	March 31, 20243  Square feet	April 2, 2023 Number of stores	April 2, 20233 Square feet
Canada	9		9
United States	16		8
North America	25	69,270	17	46,740
Greater China1	26		23

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Asia Pacific, ex Greater China	8		3
Asia Pacific	34	79,420	26	59,760
EMEA2	9	27,860	8	23,670
Total	68	176,550	51	130,170

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

3.Approximate net selling square footage at the end of the fiscal year.

We opened 17 net new permanent stores in fiscal 2024 and ended the fiscal year with 68 permanent retail stores in 13 markets globally and 83 total stores, including temporary and pop-up stores, totaling approximately 201,720 square feet at March 31, 2024 compared with approximately 150,550 square feet at April 2, 2023.

Our average sales per square foot1, was $3,963 and $3,964 for fiscal 2024 and fiscal 2023, respectively. Sales per square foot is calculated using total revenue from our DTC retail stores that have been open for the full 52 weeks of the fiscal year divided by average net selling space. Average net selling space is defined as the sum of a store’s selling square footage at the end of each month divided by 12 fiscal periods. Revenue from our directly operated retail stores represented approximately 74% and 67% of total DTC channel revenue in fiscal 2024 and fiscal, 2023, respectively.

E-Commerce

E-Commerce channels include both directly-owned brand websites as well as third-party digital platforms, primarily in Asia. Our digital commerce platforms provide customers the benefit of added accessibility and flexibility to shop our products wherever and whenever they choose with access to the entire collection. As of March 31, 2024, we had a direct digital presence in more than 50 markets. Revenue from our e-Commerce business represented approximately 26% and 33% of total DTC channel revenue in fiscal 2024 and fiscal 2023, respectively.

Wholesale

Our wholesale channel is complementary to our DTC channel. This business is a highly curated expression of Canada Goose as we partner with high end retailers to raise brand awareness and test emerging markets. We work closely with our wholesale partners to optimize inventory levels across wholesale doors and tailor the product assortment to align with the preferences of consumers in each local market. We have a long tail of wholesale partners, and in fiscal 2024, the majority of our wholesale revenue was generated by approximately 10% of our traditional wholesale partners.

Our wholesale business includes the following categories:

•Traditional wholesale partners. These partners include department stores, independent multi-brand stores, and online retailers. We have a presence through these types of wholesale partners in EMEA, North America, and Asia Pacific. As part of our strategy to shift to our more profitable DTC channel segment, we have been intentionally and proactively streamlining our wholesale partners, optimizing for partners that are aligned with our luxury brand positioning. At the end of fiscal 2024, our wholesale door count was approximately 1,400 (approximately 1,500 wholesale doors at the end of fiscal 2023).

1 Sales per square foot is a supplementary financial measure. Please refer to the Non-IFRS measures and other financial measures section of our Management’s Discussion & Analysis for a definition of and explanation around this supplementary financial measure.

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•International distributors. Our partners in this category have partial or full exclusive territory rights to sell our products to a particular market through their own DTC channels or local wholesalers. In fiscal 2024, we worked with international distributors based in Asia Pacific.

•Travel retail. Our travel retail partners operate in airports and duty-free locations that cater to customers traveling abroad. In fiscal 2024, we opened travel retail locations through a third-party partner in Germany and South Korea.

In fiscal 2024, EMEA was our largest wholesale market, followed by North America and then Asia Pacific.

Other

The Other segment primarily includes revenue from friends and family sales and employee sales. In fiscal 2024, we launched a new employee sales program that enables employees to purchase select products from our current collections at attractive price points. This is a deliberate strategy to improve employee access to our in-line product, encouraging employees to engage with the brand and act as brand ambassadors.

Our friends and family sales program is a considered part of our inventory management strategy to create space for new product categories and assortments by proactively reducing excess inventory. Our approach allows us to directly oversee and manage the customer experience and our inventory while mitigating environmental impact. We believe this approach enables us to attract new customers, create desire with aspirational buyers, engage with existing customers in new ways, and generate incremental cash flow. In fiscal 2024, we significantly increased the number of friends and family sales events to exit slow moving and discontinued product at lower than previously available market price points.

Other also includes revenue generated by our manufacturing facility in Romania via the manufacturing of third-party products.

Brand and Marketing

Our global brand strategy is focused on building awareness, generating brand heat, and stimulating cultural and consumer connections. Our strength lies in our storytelling and amplifying those stories through a variety of channels and relationships. We target both attracting new customers and nurturing existing ones to drive customer lifetime value.

In fiscal 2024, our key marketing initiatives included our Fall/Winter Live in the Open campaign focused on inspiring women and multiple campaigns to support our product collaborations and amplify our partnership with the NBA.

Our authentic approach to storytelling has helped fuel brand awareness, drive brand heat, and build strategic relationships with influencers and celebrities and within relevant industries, represented through our product collaborations, Goose People, and our work in the film and entertainment industry.

Product collaborations. From time-to-time, we leverage product collaborations to drive cultural relevancy and tap into new and diverse audiences. These collaborations allow both us and our partners to flex outside of our design ethos, reinterpreting our iconic products in fresh, new ways. We also appear in different places, including leading international fashion shows, such as the KidSuper Men’s Fall 2024 show during Paris Fashion Week. In fiscal 2024, we executed nine collaborations with artists and designers around the world.

Goose People. Goose People, who include adventurers, athletes, scientists, and artists, are a diverse group of global brand ambassadors that embody our brand’s values and continue to be

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an important way for us to authentically tell our stories. In fiscal 2024, we announced eco-explorer and athlete, Mario Rigby as a Goose Person.

Film and entertainment. For more than three decades, our jackets have been a staple on film sets around the world. Our jackets offer film crews and talent the warmth and functionality they need to survive long shoots in the most demanding environments. Our products have naturally transitioned from behind the scenes to on-camera to authenticate cold-weather scenes.

Once a consumer is engaged, we aim to drive further connectivity and increase lifetime value, inviting them to our insider community, further engaging them through email campaigns, and ultimately delivering elevated and innovative product and shopping experiences, such as our Canadian Warmth customer experience program (see DTC Channel section).

We primarily measure our brand position and momentum through proprietary research conducted across our key markets that assesses how consumers perceive our brand. We leverage the insights from these studies as well as metrics from other sources, including our loyalty community, social media and search engines, in addition to our stores, to measure progress against our strategic objectives and inform long-term decision-making.

Warranty

We aim to strengthen relationships post-purchase, through customer service excellence and our lifetime warranty program, which applies to much of our outerwear.

Canada Goose products purchased from an Authorized Retailer are fully warranted against defects in materials and workmanship for the lifetime of the product – which means the usual and customary wearable life of the product, by the original owner. If a product fails due to a manufacturing defect, we repair the product free of charge, or replace it at our discretion. If the exact style is not available for replacement, a product of equal value and similar style is provided. Knitwear, accessories and collaborations are excluded from the Canada Goose warranty program, unless otherwise stated.

Sourcing and Manufacturing

Canada Goose operates a vertically-integrated supply chain, affording us increased quality control and direct involvement from end-to-end. This includes raw material sourcing, our own manufacturing facilities, domestic contract manufacturing partners, offshore manufacturers, quality assurance, regulatory compliance, and supporting sustainability commitments throughout our global supply chain and logistics network.

Sourcing

We source the necessary raw materials, trimmings and finished goods through our network of selected suppliers, based on our forecasts and confirmed wholesale order book.

Our materials are sourced globally and suppliers must comply with our Supplier Code of Conduct, which sets out our standards for inclusive, safe, and healthy working conditions and environmental responsibility throughout our supply chain.

We prioritize preferred fibers and materials (PFMs) in domestic production, which represents the significant majority of our finished goods in our domestically-manufactured products.

In 2021, we achieved our commitment to end the purchase of all fur, and in 2022, we ended the production of fur in our products.

Manufacturing

In fiscal 2024, nearly all of our down-filled outerwear were manufactured in Canada. Over 80% of these products were manufactured directly in our facilities.

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As of March 31, 2024, we operated eight Canada Goose manufacturing facilities (seven in Canada; one in Romania). We also work with domestic and international manufacturing partners who offer specialized expertise, which provides us with flexibility to scale our production and effectively offer a broader range of product categories.

At our Canadian facilities, we conduct comprehensive training programs for our manufacturing employees that help them to develop and become experts at their craft. Our manufacturing talent combined with our approach with domestic partners provides us with a high level of flexibility, which continues to fulfill our commitment to producing our down-filled product outerwear exclusively in Canada.

Our international partners, primarily based in Europe, produce finished goods for our wind wear, rainwear, knitwear, accessories, and footwear lines.

Logistics

Our logistics network includes third-party warehouses located around the world in addition to our own manufacturing facilities. Given the greater unit volume produced in Canada, our primary warehouse is located in Ontario, Canada. This unique point of origin is a competitive advantage as it allows us to operate, directionally, against traditional shipping routes.

Inventory Management

We aim to actively manage our inventory in line with the growing size of our business. Our owned manufacturing allows us to achieve our goal to ensure product quality and our Made in Canada heritage for our down-filled products. We strive to have inventory levels that are consistent with demand. Our partnerships with contract manufacturers helps us flex production capacity higher and lower depending on business needs. Contract manufactured product comes back to our owned facilities for final inspection and the application of our logo.

In fiscal 2024, we decelerated inventory growth and shifted more to in-house production, supporting alignment between production levels, anticipated revenue, and utilization of on-hand evergreen product.

Sustainability

Sustainability practices and principles are at the core of our culture. It drives how we conduct our business and the decisions that we make across our products and our operations. Our climate, materials and packaging, and community initiatives are executed through our purpose platform, HUMANATURE, which embeds our sustainability commitments across our company’s operations. Please refer to our fiscal 2023 Sustainability Report for more information on the initiatives described below.

Climate

We have achieved carbon neutrality for company operations (Scope 1 and Scope 2 emissions) in every year since fiscal 2019, by investing in projects that reduce, avoid, or sequester the equivalent of 200% of each year’s greenhouse gas emissions. In addition, in fiscal 2023, we launched energy retrofit projects in our manufacturing plants, with energy savings expected in future years.

In addition to our building sustainable operations, Canada Goose has promoted Arctic preservation through our support of Polar Bears International’s research and conservation work since 2007.

Materials and Packaging

We design our products for longevity, which is reflected in the high quality of our materials and our craftsmanship. Over time, we have increased the sourcing of PFMs in the domestic supply

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of our products that have demonstrated improved environmental and social sustainability impacts compared to conventional production. This includes recycled, organic, and responsible standards.

We have also been Responsible Down Standard (RDS) certified since 2022 as both a brand and manufacturer. The RDS is an international, voluntary program that monitors the chain of custody for certified down and ensures that RDS down standards are maintained throughout the entire supply chain.

In fiscal 2023, we launched our recommerce platform Canada Goose Generations in the US, offering an authorized reselling platform that keeps Canada Goose products in circulation, giving them multiple lifetimes, and expanding our initiatives in the circular economy. In fiscal 2024, we introduced Generations in Canada. Canada Goose first entered the circular economy through our Resource Centres Program, which provides excess fabrics and materials to communities in Canada’s North, which we began in 2009.

We are also making progress toward more sustainable packaging solutions. In fiscal 2023, we eliminated redundant packaging, upgraded boxes to 100% recycled content, and developed plans to transition to 100% recycled plastic poly bags, after consuming and depleting inventory. In addition, in fiscal 2023, all Canada Goose retail stores ended the purchase of any single-use plastics.

Community

We believe in engaging communities and supporting the people who are making a difference in those communities. In addition to our work with Polar Bears International and our Resource Centres Programs, we have formed deep partnerships with Indigenous communities in the Canadian North to honour and celebrate their traditions in a way that is linked to the Canada Goose ethos, such as elevating Canadian and Arctic narratives through our art program on display at our global retail locations, which prioritize Inuit art. At the end of fiscal 2024, we had over 600 artworks on display in over 25 stores around the world.

Intellectual Property

We own the trademarks used in connection with the marketing, distribution and sale of all of our products in the United States, Canada and in the other countries in which our products are sold. Our major trademarks include the CANADA GOOSE word mark and the ARCTIC PROGRAM & DESIGN trademark (our disc logo consisting of the colour-inverse design of the North Pole and Arctic Ocean). In addition to the registrations in Canada and the United States, our word mark and design are registered in other jurisdictions which cover approximately 75 countries. Furthermore, in certain jurisdictions we register as trademarks certain elements of our products, such as fabric, warmth categorization and style names such as our Snow Mantra parka.

We enforce our trademarks and we have taken several measures to protect our customers from counterfeiting activities. Since 2011, we have sewn a unique hologram, designed exclusively for us, into every jacket and accessory as proof of authenticity. Additionally, our website has a tool for potential online customers to verify the integrity of third party retailers that purport to sell our products. We are also active in enforcing rights on a global basis to our trademarks and taking action against counterfeiters, online and in physical stores.

Seasonality

Our business is seasonal in nature. See Item 5.A - “Operating and Financial Review and Prospects” - “Management’s Discussion and Analysis of Financial Results” - “Factors Affecting our Performance” - “Seasonality” and Item 3.D - “Risk Factors” - “Risks Related to our Business” for a discussion.

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Government Regulation

In Canada and in the other jurisdictions in which we operate, we are subject to labour and employment laws, laws governing advertising, privacy and data security laws, safety regulations and other laws, including consumer protection regulations that apply to retailers and/or the promotion and sale of merchandise and the operation of stores and warehouse facilities. Our products sold outside of Canada are subject to tariffs, treaties and various trade agreements as well as laws affecting the importation of consumer goods. We monitor changes in these laws, regulations, treaties and agreements, and believe that we are in material compliance with applicable laws.

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C. Organizational Structure

The following chart reflects our organizational structure (including the jurisdiction of formation or incorporation of the various entities) as of May 18, 2024.

D. Property, Plants and Equipment

We maintain leased facilities for our corporate headquarters and to conduct our principal manufacturing and retail activities, which we believe are in good condition and working order.

As of March 31, 2024, we lease properties globally, which is comprised of (i) 68 permanent retail stores, (ii) eight offices (two in Switzerland, two in Greater China, one in the United Kingdom, one in Japan, one in the United States and one in Canada (iii) nine manufacturing facilities (eight in Canada including one manufacturing facility for Baffin and one in Romania), (iv) one warehouse facility in Canada and (v) one distribution centre in the United States. Our manufacturing and warehouse properties range in size from 50,000 to 190,000 square feet. We also occupy inventory space in the warehouses of several third party logistics providers in all of our primary regions.

ITEM 4A. UNRESOLVED STAFF COMMENTS

None.

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

See below for Management’s Discussion & Analysis of Financial Conditions and Results of Operations.

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CANADA GOOSE HOLDINGS INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

For the fourth quarter and year ended March 31, 2024

The following Management’s Discussion and Analysis (“MD&A”) for Canada Goose Holdings Inc. (“us,” “we,” “our,” “Canada Goose” or the “Company”) is dated May 15, 2024 and provides information concerning our results of operations and financial condition for the fourth quarter and fiscal year ended March 31, 2024 (“fiscal 2024”). You should read this MD&A together with our audited consolidated financial statements and the related notes for the year ended March 31, 2024 (“Annual Financial Statements”). Additional information about Canada Goose is available on our website at www.canadagoose.com, on the SEDAR+ website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission (the “SEC”) website at www.sec.gov, including this Annual Report on Form 20-F.

CAUTIONARY NOTE REGARDING FORWARD‑LOOKING STATEMENTS

This MD&A contains forward-looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, and other future conditions. Forward-looking statements can be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “predict,” “project,” “potential,” “will,” “would,” and other similar expressions, although not all forward-looking statements contain these identifying words. These forward-looking statements include all matters that are not historical facts. They appear in many places throughout this MD&A and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, business prospects, growth, strategies, expectations regarding industry trends and the size and growth rates of addressable markets, our business plan and our growth strategies, including plans for expansion to new markets and new products, expectations for seasonal trends, and the industry in which we operate.

Certain assumptions made in preparing the forward-looking statements contained in this MD&A include:

•our ability to implement our growth strategies;

•our ability to maintain strong business relationships with our customers, suppliers, wholesalers, and distributors;

•our ability to keep pace with changing consumer preferences;

•our ability to protect our intellectual property;

•our ability to adapt to changes to our business as a whole due to environmental, social and governance (“ESG”) considerations;

•the continued absence of material global supply chain disruptions to our business and our ability to fulfill demand and maintain sufficient inventory levels, which we continue to monitor; and

•the absence of material adverse changes in our industry or the global economy.

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By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those described in the “Risk Factors” section of our Annual Report and other risk factors described herein, which include, but are not limited to, the following risks:

•we may not open retail stores or expand e-Commerce access on our planned timelines;

•we may be unable to maintain the strength of our brand or to expand our brand to new products and geographies;

•unanticipated changes in the effective tax rate or adverse outcomes from audit examinations of corporate income or other tax returns;

•our indebtedness may adversely affect our financial condition, and we may not be able to refinance or renegotiate such indebtedness on favourable or satisfactory terms;

•an economic downturn and general economic conditions (for example, inflation and rising interest rates) may further affect discretionary consumer spending;

•we may not be able to satisfy changing consumer preferences;

•global political events, including the impact of political disruptions and protests, which may cause business interruptions;

•our ability to procure high quality raw materials and certain finished goods globally;

•our ability to manage inventory and forecast our inventory need, which we continue to monitor, and to manage our production distribution networks. If our supply exceeds demand, we may be required to take certain actions to reduce inventory which could damage our brand;

•we may not be able to protect or preserve our brand image and proprietary rights globally;

•the success of our business strategy;

•our ability to manage our exposure to data security and cyber security events;

•disruptions to manufacturing and distribution activities due to factors such as operational issues, disruptions in transportation logistic functions or labour shortages or disruptions;

•risks and global disruptions associated with geopolitical events, which may further affect general economic and operating conditions;

•fluctuations in raw material costs, interest rates and currency exchange rates;

•we may be unable to maintain effective internal controls over financial reporting; and

•our ability to successfully realize expected benefits from our Transformation Program.

Although we base the forward-looking statements contained in this MD&A on assumptions that we believe are reasonable, we caution you that actual results and developments (including our results of operations, liquidity and capital resources, 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 MD&A. Additional impacts may arise that we are not aware of currently. The potential of such additional impacts intensifies the business and operating risks

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which we face, and these should be considered when reading the forward-looking statements contained in this MD&A. In addition, even if results and developments are consistent with the forward-looking statements contained in this MD&A, 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 MD&A 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.

You should read this MD&A 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 MD&A, and we do not assume any obligation to update any forward-looking statements except as required by applicable laws.

BASIS OF PRESENTATION

The Annual Financial Statements are prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), and this accompanying MD&A are presented in millions of Canadian dollars, except where otherwise indicated. Certain financial measures contained in this MD&A are non-IFRS financial measures and are discussed further under “Non-IFRS Financial Measures and Other Specified Financial Measures” below.

The Annual Financial Statements and the accompanying notes have been prepared using the accounting policies described in “Note 2. Material accounting policy information” to the Annual Financial Statements.

All references to “$”, “CAD” and “dollars” refer to Canadian dollars, “USD” refers to U.S. dollars, “GBP” refers to British pounds sterling, “EUR” refers to euros, “CHF” refers to Swiss francs, “CNY” refers to Chinese yuan, “RMB” refers to Chinese renminbi, “HKD” refers to Hong Kong dollars and “JPY” refers to Japanese yen unless otherwise indicated. Certain totals, subtotals and percentages throughout this MD&A may not reconcile due to rounding.

All references to “fiscal 2022” are to the Company’s fiscal year ended April 3, 2022; to “fiscal 2023” are to the Company’s fiscal year ended April 2, 2023; and to “fiscal 2024” are to the Company’s fiscal year ended March 31, 2024.

The Company’s fiscal year is a 52 or 53-week reporting cycle with the fiscal year ending on the Sunday closest to March 31. Each fiscal quarter is 13 weeks for a 52-week fiscal year. The additional week in a 53-week fiscal year is added to the third quarter. Both fiscal 2024 and fiscal 2023 were 52-week fiscal years.

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Certain comparative figures have been reclassified to conform with the current year presentation, where foreign exchange gains and losses related to the outstanding principal balance on the Term Loan (as defined below), net of hedging, are reflected in the presentation of net interest, finance and other costs; previously this was presented in selling, general and administrative ("SG&A") expenses. This change was made to present all financing costs related to the Term Loan within the same financial statement caption in the consolidated statements of income. For the fourth quarter and year ended April 2, 2023, we reclassified foreign exchange losses of $0.4m and $12.1m, respectively. For the year ended April 3, 2022, we reclassified foreign exchange losses of $2.8m. This reclassification did not impact net income, earnings per share, or the consolidated statement of financial position in the comparative periods.

For the year ended March 31, 2024, the Company amended the allocation basis for certain SG&A expenses between the operating segments to provide more relevant information on financial performance of each operating segment. The reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year. Comparative figures have been reclassified to conform with the current year presentation.

FACTORS AFFECTING OUR PERFORMANCE

We believe that our performance depends on many factors including those discussed below.

•Growth in our DTC Channel. We plan to continue executing our global strategy through retail and e-Commerce expansion, though the scale of such expansion may be delayed due to current global conditions. We continue to monitor these conditions and their potential impact on our ability to achieve positive comparable sales growth in our DTC channel.

•Wholesale. We plan to increasingly control our distribution through progressively shifting sales from our wholesale channel to our DTC channel.

•New Products. We intend to continue investing in design, innovation and the development and introduction of new products, including talent development, as well as expand offerings in our existing product categories, across styles, uses, and climates.

•Inflationary Environment. Inflationary pressures may persist in future fiscal periods and may fluctuate materially between markets. Such pressures may, among other impacts globally, have an adverse effect on our ability to maintain current gross margin and SG&A expenses as a percentage of revenue. Elevated interest rates may impact our business, including borrowing and other costs, and the markets in which we operate. In addition, inflationary pressures may affect the amount of discretionary income available for certain customers to purchase our products.

•Macroeconomic Conditions. We are subject to risks and exposures from the evolving macroeconomic environment, including supply chain disruptions, economic uncertainty, customer budgetary constraints, inflation, and resulting fears of potential economic slowdowns or recessions, all of which may negatively impact consumer demand for our products. We continuously monitor the direct and indirect impacts of these circumstances on our business and financial results.

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•Seasonality. We experience seasonal fluctuations in our revenue and operating results and have historically realized a significant portion of our annual wholesale revenue during our second and third fiscal quarters, and our annual DTC revenue in our third and fourth fiscal quarters. We generated 78.1%, 78.9% and 82.5% of our annual wholesale revenue in the combined second and third fiscal quarters of fiscal 2024, fiscal 2023, and fiscal 2022, respectively. Additionally, we generated 82.6%, 83.9% and 85.0% of our annual DTC revenue in the combined third and fourth fiscal quarters of fiscal 2024, fiscal 2023, and fiscal 2022, respectively. Because of seasonal fluctuations in revenue and fixed costs associated with our business, particularly the headcount growth and premises costs associated with our expanding DTC channel, we typically experience negative and substantially reduced net income and adjusted EBIT1 in the first and fourth quarters, respectively. As a result of our seasonality, changes that impact gross margin and adjusted EBIT1 among others can have a disproportionate impact on the quarterly results when they are recorded in our off-peak revenue periods. Business performance can also be impacted by the timing and intensity of cold weather, which may affect purchasing behaviour, including causing earlier or later purchases relative to prior periods, especially in our DTC channel.

1    Adjusted EBIT is a non-IFRS measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Working capital requirements typically increase as inventory builds. We finance these needs through a combination of cash on hand and borrowings on our Revolving Facility, the Mainland China Facilities, and the Japan Facility, as defined below. Historically, cash flows from operations have been highest in the third and fourth fiscal quarters of the fiscal year due to revenue from the DTC channel and the collection of receivables from wholesale revenue earlier in the year.

•Global Climate Trends. A portion of our business is dependent on cold-weather seasons and patterns to generate consumer demand for our products. Consumer demand for our products may be negatively affected to the extent global climate patterns trend warmer, reducing typical patterns of cold-weather events or increasing weather volatility.

•Foreign Exchange. We sell a significant portion of our products to customers outside of Canada, which exposes us to fluctuations in foreign currency exchange rates. In fiscal years 2024, 2023 and 2022, we generated 70.5%, 70.1% and 72.5%, respectively, of our revenue in currencies other than Canadian dollars.

Refer to “Quantitative and Qualitative Disclosures about Market Risk - Foreign exchange risk” below for more details on foreign exchange.

•Global Political Events and Other Disruptions. We are conscious of risks related to social, economic, and political instability, including geopolitical tensions, regulatory matters, market volatility, and social unrest that are affecting consumer spending, international travel, credit markets, logistics and foreign exchange in certain countries and travel corridors.

We remain concerned about the conflicts in Ukraine and the Middle East and continue to suspend all wholesale and e-Commerce sales to Russia. We also continue to monitor the ongoing conflicts and the impacts on human life.

We have been, and may in the future be, impacted by widespread protests and other disruptions. To the extent that such disruptions persist, we expect that operations and traffic at our retail stores may be impacted.

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BUSINESS DEVELOPMENTS

Business Combination

On November 1, 2023, a newly incorporated subsidiary of the Company, Paola Confectii Manufacturing Limited (“Paola Confectii”), acquired the business of Paola Confectii SRL, a luxury knitwear manufacturer for total cash consideration of $15.9m. Based in Romania, Paola Confectii SRL has been a trusted partner in manufacturing knitwear for Canada Goose since we launched the category in 2017. This acquisition is expected to enhance product margins and supply control, while deepening in-house product expertise and capability.

In connection with the business combination, subject to the controlling shareholders of Paola Confectii SRL (“PCML Vendors”) remaining employees through November 1, 2025, a further amount is payable to the PCML Vendors if certain performance conditions are met based on financial results (“Earn-Out”). The estimated value is calculated as a pre-determined percentage of net equity value, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. As at the reporting date, the estimated value of the payout was $7.4m. The Company recognized the amount as remuneration for future services to be performed conditional on employment until November 1, 2025, which will be expensed over two years.

Paola Confectii’s results of operations have been consolidated with those of the Company from the date of acquisition and are presented in the Other operating segment. The results of Paola Confectii were not significant for the period beginning on the date of acquisition and ended on March 31, 2024, and would not have been either during fiscal 2024 if the acquisition had occurred as of the beginning of the fiscal year.

See “Note 5. Business combination” in our Annual Financial Statements for detailed information on the acquisition of Paola Confectii SRL.

Transformation Program

In fiscal 2023, the Company announced its Transformation Program. This multi-phase program is expected to increase operational efficiencies by optimizing production and procurement, developing people and resources, and focusing on our consumers to allow sustainable growth, profitability and long term value.

•During the first quarter of fiscal 2024, the Company completed the consolidation of one of our manufacturing facilities in Montreal to improve efficiencies in our supply chain.

•During the second quarter of fiscal 2024, the Company reduced its global corporate workforce by approximately 10% to improve efficiencies in the workforce and yield savings in labour costs moving forward.

•On March 26, 2024, the Company undertook a workforce reduction as part of the Transformation Program, to streamline our business, accelerate decision-making, and increase efficiencies across our operating platform impacting approximately 17% of headcount.

SEGMENTS

Our reporting segments align with our sales channels: DTC, Wholesale, and Other. We measure each reportable operating segment’s performance based on revenue and operating income.

Our DTC segment includes sales to customers through our directly operated retail stores and our e-Commerce website available across numerous markets, which includes the newly launched recommerce platform Canada Goose Generations, currently available in the United States and Canada.

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Through our Wholesale segment, we sell to a mix of retailers and international distributors, who are partners that have partial or full exclusive territory rights to sell our products to a particular market through their own DTC channels or local wholesalers. The Wholesale segment includes the introduction of travel retail starting in the second quarter ended of fiscal 2024.

The Other segment comprises revenue and costs that are not related to the Company’s DTC or Wholesale segments, such as sales to employees, friends and family sales, and results from the newly acquired Paola Confectii business (see "Business Developments" above).

For the fiscal year ended March 31, 2024, the performance measure for our Other segment was revised to exclude corporate general and administrative expenses; these expenses are now presented as a reconciling item to the Company’s consolidated operating income. This change in segment reporting was made to improve the understanding of financial performance in the Other segment.

Corporate expenses comprises costs that do not occur through the DTC, Wholesale, or Other segments, including the cost of marketing expenditures to build brand awareness across all segments, management overhead costs in support of manufacturing operations, other corporate costs, and foreign exchange gains and losses not specifically associated with segment operations.

As at March 31, 2024, our DTC segment by geography included the following directly operated permanent retail stores:

		Fiscal 2024
	April 2, 2023	Q1 Additions	Q2 Additions	Q3 Additions	Q4 Additions	March 31, 2024
Canada	9	—	—	—	—	9
United States	8	2	3	2	1	16
North America	17	2	3	2	1	25
Greater China1	23	—	2	—	1	26
Asia Pacific (excluding Greater China1)	3	—	3	1	1	8
Asia Pacific	26	—	5	1	2	34
EMEA2	8	1	—	—	—	9
Total permanent stores	51	3	8	3	3	68

		Fiscal 2023
	April 3, 2022	Q1 Additions	Q2 Additions	Q3 Additions	Q4 Additions	April 2, 2023
Canada	9	—	—	—	—	9
United States	6	—	—	2	—	8
North America	15	—	—	2	—	17
Greater China1	19	1	2	1	—	23
Asia Pacific (excluding Greater China1)	—	1	—	2	—	3
Asia Pacific	19	2	2	3	—	26
EMEA2	7	—	—	1	—	8
Total permanent stores	41	2	2	6	—	51

1Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2EMEA comprises Europe, the Middle East, Africa, and Latin America.

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SUMMARY OF FINANCIAL PERFORMANCE

The following table summarizes results of operations for the years ended March 31, 2024, April 2, 2023 and April 3, 2022 and the fourth quarters ended March 31, 2024 and April 2, 2023, and expresses the percentage relationship to revenues of certain financial statement captions. Basis points (“bps”) expresses the changes between percentages. See “Results of Operations” for additional details and for the comparison discussions between the years ended March 31, 2024 and April 2, 2023.

For the comparison discussions between the years ended April 2, 2023 and April 3, 2022, please see Item 5. “Operating and Financial Review and Prospects” of our Annual Report on Form 20-F for the year ended April 2, 2023, filed with Canadian securities commissions on SEDAR+ and with the SEC on May 18, 2023. See “Basis of Presentation” for details on impacts of reclassifications on comparative information.

CAD $ millions (except per share data)	Year ended									Fourth quarter ended
	March 31, 2024			April 2, 2023			April 3, 2022			March 31, 2024			April 2, 2023
Statement of Operations data:				Reclassified			Reclassified						Reclassified
Revenue	1,333.8			1,217.0			1,098.4			358.0			293.2
Gross profit	917.4			815.2			733.6			233.0			190.3
Gross margin	68.8		%	67.0		%	66.8		%	65.1		%	64.9		%
Operating income	124.5			147.6			159.5			23.1			17.6
Net income (loss)	58.1			68.9			94.6			7.6			(10.0)
Net income (loss) attributable to shareholders of the Company	58.4			72.7			94.6			5.0			(3.1)
Earnings (loss) per share attributable to shareholders of the Company
Basic	$	0.58		$	0.69		$	0.87		$	0.05		$	(0.03)
Diluted1	$	0.57		$	0.69		$	0.87		$	0.05		$	(0.03)

1.Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. For the fourth quarter and year ended March 31, 2024, there were 3,904,366 and 3,904,366 shares, respectively (fourth quarter and year ended April 2, 2023 - 643,505 and 2,231,231 shares, respectively) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

CAD $ millions	March 31, 2024	April 2, 2023
Financial Position:
Cash	144.9	286.5
Total assets	1,481.6	1,590.0
Total non-current liabilities	748.2	760.1
Equity	423.5	477.5

COMPONENTS OF OUR RESULTS OF OPERATIONS

Revenue

DTC revenue consists of sales through our e-Commerce operations and retail stores. DTC revenue is recognized upon delivery of the goods to the customer and when consideration is received, net of an estimated provision for sales returns.

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Wholesale revenue comprises sales to third party resellers, which includes retailers and distributors of our products. Wholesale revenue from the sale of goods, net of an estimated provision for sales returns, discounts, and allowances, is recognized when control of the goods has been transferred to the reseller, which, depending on the terms of the agreement with the reseller, occurs when the products have been shipped to the reseller, are picked up from our third party warehouse, or arrive at the reseller’s facilities.

Other revenue comprises of sales that do not occur through DTC or Wholesale segments, including sales to employees, friends and family sales, and results from the newly acquired Paola Confectii business.

Gross Profit

Gross profit is our revenue less cost of sales. Cost of sales comprises the cost associated with manufacturing our products, goods purchased from other manufacturers and bringing products to their place of sale. These include:

Manufacturing costs including raw materials, direct labour, and overhead. Cost of sales also includes depreciation on our manufacturing right-of-use assets and plant assets as well as inventory provisions, and allowances related to obsolescence and shrinkage. The primary drivers of our cost of sales are the costs of raw materials (which are sourced in both Canadian dollars and U.S. dollars), manufacturing labour rates, and the allocation of overhead.

Costs of goods purchased include the cost to source the product at our third party manufacturers, the product cost, freight and duty costs of shipping to our warehouses around the world.

Costs related to bringing products to their place of sale include freight, duty, and non-refundable taxes incurred in delivering the goods to distribution centres managed by third parties or to our retail stores.

Gross margin measures our gross profit as a percentage of revenue.

SG&A Expenses

SG&A expenses are incurred in our operating segments and at the corporate level. SG&A expenses consist of selling costs to support our customer relationships and to deliver our products to our e-Commerce customers, retail stores, and wholesale partners. It also includes our marketing and brand investment activities and the corporate infrastructure required to support our ongoing operations, as well as depreciation and amortization other than on manufacturing right-of-use assets and plant assets.

SG&A expenses within our operating segments include:

•Selling costs which generally correlate to revenue timing and would typically experience similar seasonal trends. As a percentage of sales, we expect these selling costs to change as our business evolves. This change has been and is expected to be primarily driven by the expansion of our DTC segment, including the investment required to support e-Commerce sites and retail stores. Retail store costs are mostly fixed and are incurred throughout the year.

•General and administrative expenses which are directly related to our operating segments primarily include personnel costs (including salaries, variable incentive compensation, and benefits), technology support, other professional service costs, and marketing.

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•Depreciation and amortization which represent the economic benefit incurred in using the Company’s property, plant and equipment, intangible assets, and right-of-use assets. We expect depreciation and amortization to increase, primarily driven by the expansion of our DTC segment.

SG&A expenses at the corporate level include:

•General and administrative expenses which generally represent costs incurred in our corporate offices, primarily related to marketing, personnel costs (including salaries, variable incentive compensation, benefits, and share-based compensation), technology support, and other professional service costs. We have invested considerably in this area to support the growing volume and complexity of our business.

•Depreciation and amortization which represent the economic benefit incurred in using corporate property, plant and equipment, intangible assets, and right-of-use assets.

Operating Income and Operating Margin

Operating income is our gross profit less SG&A expenses. Operating margin measures our operating income as a percentage of revenue.

Net Interest, Finance and Other Costs

Net interest, finance and other costs represents interest expense on our borrowings including the Revolving Facility, the Term Loan, the Mainland China Facilities, the Japan Facility, each as defined below, and lease liabilities, as well as standby fees and other financing costs, net of interest income. Net interest, finance and other costs also includes the fair value remeasurements of the contingent consideration, put option liability related to the agreement entered between the Company and Sazaby League to form the Japan Joint Venture (“Joint Venture Agreement”), and foreign exchange gains and losses related to the outstanding principal balance on the Term Loan, net of the impact of hedging which previously was presented in SG&A expenses.

See “Note 5. Business Combination” of the Annual Financial Statements for a description of the put option and contingent consideration under Japan Joint Venture.

Income Taxes

We are subject to income taxes in the jurisdictions in which we operate and, consequently, income tax expense is a function of the allocation of taxable income by jurisdiction and the various activities that impact the timing of taxable events.

Changes in tax laws in any of the multiple jurisdictions in which we operate, or adverse outcomes from tax audits that we may be subject to in any of the jurisdictions in which we operate, could result in an unfavorable change in our effective tax rate, which could adversely affect our business, financial condition and operating results.

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RESULTS OF OPERATIONS

For the year ended March 31, 2024 compared to the year ended April 2, 2023

The following table summarizes results of operations and expresses the percentage relationship to revenue of certain financial statement captions. Basis points (“bps”) expresses the changes between percentages.

CAD $ millions (except share and per share data)	Year ended						$ Change	% Change
	March 31, 2024			April 2, 2023
Statement of Income data:
Revenue	1,333.8			1,217.0			116.8	9.6	%
Cost of sales	416.4			401.8			(14.6)	(3.6)	%
Gross profit	917.4			815.2			102.2	12.5	%
Gross margin	68.8		%	67.0		%		180	bps
SG&A expenses	792.9			667.6			(125.3)	(18.8)	%
SG&A expenses as % of revenue	59.4		%	54.9		%		(450)	bps
Operating income	124.5			147.6			(23.1)	(15.7)	%
Operating margin	9.3		%	12.1		%		(280)	bps
Net interest, finance and other costs	48.8			54.1			5.3	9.8	%
Income before income taxes	75.7			93.5			(17.8)	(19.0)	%
Income tax expense	17.6			24.6			7.0	28.5	%
Effective tax rate	23.2		%	26.3		%		310	bps
Net income	58.1			68.9			(10.8)	(15.7)	%
Net loss attributable to non-controlling interest	(0.3)			(3.8)			3.5	92.1	%
Net income attributable to shareholders of the Company	58.4			72.7			(14.3)	(19.7)	%
Weighted average number of shares outstanding
Basic	100,816,758			105,058,643
Diluted1	101,823,073			105,622,312
Earnings per share attributable to shareholders of the Company
Basic	$	0.58		$	0.69		(0.11)	(15.9)	%
Diluted	$	0.57		$	0.69		(0.12)	(17.4)	%

1.Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. As at March 31, 2024, there were 3,904,366 shares (April 2, 2023 - 2,231,231 shares) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

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Revenue

	Year ended		$ Change			% Change
CAD $ millions	March 31, 2024	April 2, 2023	As reported	Foreign exchange impact	In constant currency1	As reported		In constant currency1
DTC	950.7	807.3	143.4	(3.5)	139.9	17.8	%	17.3	%
Wholesale	312.3	373.8	(61.5)	(9.2)	(70.7)	(16.5)	%	(18.9)	%
Other	70.8	35.9	34.9	0.1	35.0	97.2	%	97.5	%
Total revenue	1,333.8	1,217.0	116.8	(12.6)	104.2	9.6	%	8.6	%

1Constant currency revenue is a non-IFRS financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Revenue by geography

	Year ended		$ Change			% Change
CAD $ millions	March 31, 2024	April 2, 2023	As reported	Foreign exchange impact	In constant currency3	As reported		In constant currency3
Canada	246.3	241.0	5.3	—	5.3	2.2	%	2.2	%
United States	324.6	340.2	(15.6)	(6.8)	(22.4)	(4.6)	%	(6.6)	%
North America	570.9	581.2	(10.3)	(6.8)	(17.1)	(1.8)	%	(2.9)	%
Greater China1	422.2	287.2	135.0	(0.2)	134.8	47.0	%	46.9	%
Asia Pacific (excluding Greater China1)	84.7	67.0	17.7	3.6	21.3	26.4	%	31.8	%
Asia Pacific	506.9	354.2	152.7	3.4	156.1	43.1	%	44.1	%
EMEA2	256.0	281.6	(25.6)	(9.2)	(34.8)	(9.1)	%	(12.4)	%
Total revenue	1,333.8	1,217.0	116.8	(12.6)	104.2	9.6	%	8.6	%

1Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2EMEA comprises Europe, the Middle East, Africa, and Latin America.

3Constant currency revenue is a non-IFRS financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

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Revenue for the year ended March 31, 2024 increased by $116.8m, or 9.6%, to $1,333.8m from $1,217.0m for the year ended April 2, 2023. On a constant currency1 basis, revenue increased by 8.6% the year ended March 31, 2024 compared to the year ended April 2, 2023. The strength of the US dollar and the euro compared to the Canadian dollar and its impacts on revenue in the period outweighed the depreciation of the Japanese yen relative to the Canadian dollar.

1Constant currency revenue is a non-IFRS financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Within our product categories, non-Heavyweight Down grew year-over-year across all geographies except EMEA, expanding its share of revenue and units sold within the overall mix. Heavyweight Down revenue remained flat year-over-year on a consolidated basis with strong growth in Asia Pacific compared to the year ended April 2, 2023, offsetting declines in other regions.

Revenue generated from our DTC and Wholesale segments represented 71.3% and 23.4%, respectively, of total revenue for the year ended March 31, 2024 compared to 66.3% and 30.7%, respectively, for the year ended April 2, 2023.

DTC

Revenue from our DTC segment for the year ended March 31, 2024 was $950.7m compared to $807.3m for the year ended April 2, 2023. The increase of $143.4m or 17.8% was attributable largely to:

•Our retail stores had increased revenue across all geographies due to:

•Retail expansion, mainly in the United States and Mainland China, with 14 new permanent stores and three temporary stores converted to permanent stores during the year ended March 31, 2024, in addition to 10 stores in fiscal 2023 running for the full duration of the year ended March 31, 2024 compared to partial operations in fiscal 2023;

•Comparable retail sales growth was mixed with:

◦Strong performance in Asia Pacific with positive comparable sales growth due to:

▪Strong domestic and tourist shopping in Greater China;

▪Positive response to our product assortment;

▪Sales were bolstered by Lunar New Year;

▪Elevation of traffic across our retail network in the region; and

▪Reduced working hours and store closures as result of COVID-19 related restrictions in fiscal 2023 that did not reoccur in fiscal 2024.

◦Weakness in North America and EMEA with negative comparable sales growth due to a pressured consumer and an intense promotional environment.

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•The e-Commerce channel experienced a decline in revenue and a decline in comparable sales growth in North America and EMEA, which was partially offset by a strong performance in Greater China.

DTC comparable sales growth1 of 0.3%. The slight increase was driven by Asia Pacific, which was partially offset by North America and EMEA.

Our average sales per square foot1, was $3,963 and $3,964 for fiscal 2024 and fiscal 2023, respectively, with higher sales per square foot in Asia Pacific offset by lower sales per square foot in North America and EMEA in fiscal 2024 compared to prior year.

1DTC comparable sales growth and average sales per square foot are supplementary financial measures. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Wholesale

Revenue from our Wholesale segment for the year ended March 31, 2024 was $312.3m compared to $373.8m for the year ended April 2, 2023. The decrease of $61.5m or (16.5)% was due to:

•Lower order book value due to higher levels of inventory on hand for existing customers as our partners experienced the same intense promotional environment as we did in our DTC channel; and

•Continued streamlining of the Wholesale segment by reducing partnerships as we optimize for greater DTC sales within our channel mix, consistent with our expectations, particularly in EMEA.

Other

Revenue from our Other segment for the year ended March 31, 2024 was $70.8m compared to $35.9m for the year ended April 2, 2023. The increase of $34.9m or 97.2% was attributable to:

•Increased product sales to employees with the expansion of our employee purchase program;

•Larger number of friends and family events related to our strategic management of slow moving inventory; and

•Revenue generated from Paola Confectii in fiscal 2024 as a result of the business combination.

Gross Profit

	Year ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Gross margin		Reported	Gross margin		$ Change	Change in bps
Gross profit	917.4	68.8	%	815.2	67.0	%	102.2	180	bps

Gross profit and gross margin for the year ended March 31, 2024 were $917.4m and 68.8%, respectively, compared to $815.2m and 67.0%, respectively, for the year ended April 2, 2023. The increase in gross profit of $102.2m was attributable to higher DTC revenue as noted above and margin expansion. Gross margin in the current period has been favourably impacted by pricing (+180 bps) across all geographies within both DTC and Wholesale.

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SG&A Expenses

	Year ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	% of segment revenue		Reported	% of segment revenue		$ Change	% Change
				Reclassified	Reclassified
SG&A expenses	792.9	59.4	%	667.6	54.9	%	(125.3)	(18.8)	%

SG&A expenses were $792.9m for the year ended March 31, 2024 compared to $667.6m for the year ended April 2, 2023. The increase in SG&A expenses of $125.3m or 18.8% was attributable to:

•An increase of $76.2m in costs related to our operating segments, driven by:

◦$26.7m of higher personnel costs primarily due to headcount growth related to the expanded retail network in the United States and Greater China;

◦$22.2m in increased rent, occupancy, and maintenance costs primarily due to the expansion of the retail network, prior year store openings running for the full period in fiscal 2024, and higher costs from variable rent in Greater China resulting from increased revenue compared to fiscal 2023;

◦$14.9m in higher depreciation and amortization, including depreciation on right-of-use assets, driven by the continued retail expansion;

◦$4.2m in increased technology costs for licenses and fees related to the e-Commerce infrastructure; and

◦$3.9m in fees to our service providers in support of our friends and family events.

•An increase of $49.1m in costs related to corporate expenses, driven by:

◦$40.1m of activities related to the Transformation Program, including $23.5m of consultancy fees and $16.6m of severance costs, net of share-based award forfeitures, associated with the reduction in workforce, which are not expected to recur; and

◦$9.8m of incremental corporate personnel costs driven by headcount growth and wage rate increases. During fiscal 2024, the Company experienced headcount growth from corporate personnel from the prior year, however the organizational redesign that took place at the end of March 2024 resulted in a reduction of corporate personnel.

The increase in corporate expenses described above was partially offset by $3.8m of favourable foreign exchange fluctuations and $3.1m of lower spend on marketing activities.

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Operating Income and Operating Margin

	Year ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Operating margin		Reported	Operating margin		$ Change	Change in bps
				Reclassified	Reclassified
DTC	387.1	40.7	%	347.4	43.0	%	39.7	(230)	bps
Wholesale	114.0	36.5	%	131.2	35.1	%	(17.2)	140	bps
Other	14.0	19.8	%	10.5	29.2	%	3.5	(940)	bps
Total segment operating income1	515.1			489.1			26.0
	Year ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Operating margin		Reported	Operating margin		$ Change	Change in bps
Total segment operating income1	515.1			489.1			26.0
Corporate expenses	(390.6)			(341.5)			(49.1)
Total operating income	124.5	9.3	%	147.6	12.1	%	(23.1)	(280)	bps

1.Total segment operating income is a non-IFRS measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Operating income and operating margin were $124.5m and 9.3%, respectively, for the year ended March 31, 2024 compared to $147.6m and 12.1%, respectively, for the year ended April 2, 2023. The decrease in operating income of $23.1m and operating margin of 280 bps was attributable to higher operating costs, partially offset by higher gross profit as discussed above.

DTC

DTC segment operating income and operating margin were $387.1m and 40.7% for the year ended March 31, 2024 compared to $347.4m and 43.0% for the year ended April 2, 2023. The increase in operating income of $39.7m was attributable to improved revenue and gross profit from expansion of the retail network, partially offset by higher operating costs.

The decrease in operating margin of (230) bps was attributable to:

•Gross margin - favourably increased by 30 bps to 76.6% for the year ended March 31, 2024, compared to 76.3% for the year ended April 2, 2023. The increase in gross margin was mainly driven by favourable pricing (+150 bps), partially offset by inventory adjustments (-70 bps), primarily related to Canada Goose Generations, freight and duty (-20 bps), and product mix (-20 bps).

•SG&A expenses as a percentage of revenue - unfavourably increased by 260 bps to 35.9% for the year ended March 31, 2024, compared to 33.3% for the year ended April 2, 2023. The increase was driven by higher personnel and infrastructure costs in the e-Commerce channel relative to a decline in revenue in the channel, and higher costs from variable rent in Greater China resulting from increased revenue compared to fiscal 2023.

There were no COVID-19 related temporary store closure costs in the year ended March 31, 2024 compared to $3.2m in the comparative period.

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Wholesale

Wholesale segment operating income and operating margin were $114.0m and 36.5% for the year ended March 31, 2024 compared to $131.2m and 35.1% for the year ended April 2, 2023. The decrease in operating income of $17.2m was attributable to lower gross profit, driven by a decline in revenue from a lower order book value and the continued streamlining of the Wholesale segment, and relatively flat SG&A expenses year-over-year.

The increase in operating margin of 140 bps was attributable:

•Gross margin - favourably increased by 360 bps to 53.3% for the year ended March 31, 2024, compared to 49.7% for the year ended April 2, 2023. The increase in gross margin was driven by favourable pricing (+280 bps), which included positive foreign exchange results due to the strengthening of the euro relative to the Canadian dollar and inventory adjustments (+160 bps), partially offset by cost variances (-140 bps).

•SG&A expenses as a percentage of revenue - unfavourably increased by 220 bps to 16.8% for the year ended March 31, 2024, compared to 14.6% for the year ended April 2, 2023. The increase was driven by lower revenue.

Other

Other segment operating income was $14.0m for the year ended March 31, 2024 compared to $10.5m for the year ended April 2, 2023. The increase in operating income of $3.5m was attributable to higher revenue as described above, partially offset by increased SG&A expenses.

For the fiscal year ended March 31, 2024, the performance measure for our Other segment was revised to exclude corporate general and administrative expenses; these expenses are now presented as a reconciling item to the Company’s consolidated operating income.

Net Interest, Finance and Other Costs

	Year ended
	March 31, 2024	April 2, 2023
CAD $ millions	Reported	Reported	$ Change	% Change
		Reclassified
Net interest, finance and other costs	48.8	54.1	5.3	9.8	%

Net interest, finance and other costs were $48.8m for the year ended March 31, 2024 compared to $54.1m for the year ended April 2, 2023. The decrease of $5.3m or 9.8% was attributable to favourable foreign exchange fluctuations related to the Term Loan (as defined below) which is denominated in USD, net of hedging impacts, of $10.0m. The decrease was also due to the decrease in net loss of $3.6m on the fair value remeasurement of the put option liability (liability decrease of $13.6m, excluding translation losses of $4.3m) and the contingent consideration (liability increase of $4.1m, excluding translation losses of $1.6m) related to the Japan Joint Venture. The change in fair values of the contingent consideration and put option liability were driven by updated cash flow forecasts, progression through the 4-year and 10-year terms, respectively, and lower cost of equity in the market.

The decrease was partially offset by $6.1m of higher interest from principal payments on lease liabilities related to new stores, and $2.6m of higher interest charges due to higher gross borrowings during the period on our facilities from the comparative period.

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Income Taxes

	Year ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Effective tax rate		Reported	Effective tax rate		$ Change	Change in bps
Income tax expense	17.6	23.2	%	24.6	26.3	%	7.0	310	bps

Income tax expense was $17.6m for the year ended March 31, 2024 compared to $24.6m for the year ended April 2, 2023. For the year ended March 31, 2024, the effective and statutory tax rates were 23.2% and 25.5%, respectively, compared to 26.3% and 25.3% for the year ended April 2, 2023, respectively. Given our global operations, the effective tax rate is largely impacted by our profit or loss in taxable jurisdictions relative to the applicable tax rates.

Net Income

Net income for the year ended March 31, 2024 was $58.1m compared to $68.9m for the year ended April 2, 2023, driven by the factors described above.

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For the fourth quarter ended March 31, 2024 compared to the fourth quarter ended April 2, 2023

The following table summarizes results of operations and expresses the percentage relationship to revenues of certain financial statement captions. Basis points (“bps”) expresses the changes between percentages.

CAD $ millions (except share and per share data)	Fourth quarter ended						$ Change		% Change
	March 31, 2024			April 2, 2023
Statement of income (loss) data:				Reclassified
Revenue	358.0			293.2			64.8		22.1	%
Cost of sales	125.0			102.9			(22.1)		(21.5)	%
Gross profit	233.0			190.3			42.7		22.4	%
Gross margin	65.1		%	64.9		%			20	bps
SG&A expenses	209.9			172.7			(37.2)		(21.5)	%
SG&A expenses as % of revenue	58.6		%	58.9		%			30	bps
Operating income	23.1			17.6			5.5		31.3	%
Operating margin	6.5		%	6.0		%			50	bps
Net interest, finance and other costs	5.9			22.2			16.3		73.4	%
Income (loss) before income taxes	17.2			(4.6)			21.8		473.9	%
Income tax expense	9.6			5.4			(4.2)		(77.8)	%
Effective tax rate	55.8		%	(117.4)		%			(17,320)	bps
Net income (loss)	7.6			(10.0)			17.6		176.0	%
Net income (loss) attributable to non-controlling interest	2.6			(6.9)			9.5		137.7	%
Net income (loss) attributable to shareholders of the Company	5.0			(3.1)			8.1		261.3	%
Weighted average number of shares outstanding
Basic	99,355,838			104,519,045
Diluted1	100,395,330			104,519,045
Earnings (loss) per share attributable to shareholders of the Company
Basic	$	0.05		$	(0.03)		$	0.08	266.7	%
Diluted	$	0.05		$	(0.03)		$	0.08	266.7	%

1Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. For the fourth quarter ended March 31, 2024, there were 3,904,366 shares (fourth quarter ended April 2, 2023 - 643,505 shares) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

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Revenue

	Fourth quarter ended		$ Change			% Change
CAD $ millions	March 31, 2024	April 2, 2023	As reported	Foreign exchange impact	In constant currency1	As reported		In constant currency1
DTC	271.5	227.5	44.0	3.2	47.2	19.3	%	20.7	%
Wholesale	41.4	45.5	(4.1)	0.6	(3.5)	(9.0)	%	(7.7)	%
Other	45.1	20.2	24.9	0.1	25.0	123.3	%	123.8	%
Total revenue	358.0	293.2	64.8	3.9	68.7	22.1	%	23.4	%

1Constant currency revenue is a non-IFRS financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of these measures.

	Fourth quarter ended		$ Change			% Change
CAD $ millions	March 31, 2024	April 2, 2023	As reported	Foreign exchange impact	In constant currency3	As reported		In constant currency3
Canada	70.0	55.2	14.8	—	14.8	26.8	%	26.8	%
United States	82.8	67.5	15.3	(0.4)	14.9	22.7	%	22.1	%
North America	152.8	122.7	30.1	(0.4)	29.7	24.5	%	24.2	%
Greater China1	128.4	99.0	29.4	2.3	31.7	29.7	%	32.0	%
Asia Pacific (excluding Greater China1)	19.5	15.1	4.4	1.4	5.8	29.1	%	38.4	%
Asia Pacific	147.9	114.1	33.8	3.7	37.5	29.6	%	32.9	%
EMEA2	57.3	56.4	0.9	0.6	1.5	1.6	%	2.7	%
Total revenue	358.0	293.2	64.8	3.9	68.7	22.1	%	23.4	%

1Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2EMEA comprises Europe, the Middle East, Africa, and Latin America.

3Constant currency revenue is a non-IFRS financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Revenue for the fourth quarter ended March 31, 2024 was $358.0m, an increase of $64.8m, or 22.1%, from $293.2m for the fourth quarter ended April 2, 2023. On a constant currency1 basis, revenue increased by 23.4% for the fourth quarter ended March 31, 2024 compared to the fourth quarter ended April 2, 2023.

1Constant currency revenue is a non-IFRS financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Within our product categories, non-Heavyweight Down grew year-over-year across all geographies in the fourth quarter ended March 31, 2024, expanding its share of revenue and units sold within the overall mix. Heavyweight Down revenue remained flat year-over-year on a consolidated basis with strong growth in United States and Asia Pacific compared to the fourth quarter ended April 2, 2023.

Revenue generated from our DTC and Wholesale segments represented 75.8% and 11.6%, respectively of total revenue for the fourth quarter ended March 31, 2024 compared to 77.6% and 15.5% respectively, for the fourth quarter ended April 2, 2023.

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DTC

Revenue from our DTC segment was $271.5m for the fourth quarter ended March 31, 2024 compared to $227.5m for the fourth quarter ended April 2, 2023. The increase of $44.0m or 19.3% was driven by the following factors:

•Our retail stores had increased revenue across all geographies, primarily due to:

◦Retail expansion mainly in the United States and Asia Pacific with three new permanent stores in the quarter and 11 new permanent stores opened earlier in the fiscal year running for the full duration of the current quarter compared to the comparative quarter;

◦Comparable retail sales growth had mixed results due to:

▪Strong performance across Asia Pacific with positive comparable sales growth due to:

•Strong domestic and tourist shopping in Greater China with elevation of traffic and increased units per transaction across our retail network in the region, as a result of enhanced product planning and Lunar New Year; and

•Continued improvements in tourism in the region.

▪Negative comparable retail sales growth in EMEA due to pressured consumers and an intense promotional environment, although traffic, conversion and units per transaction increased compared to the same period last year.

•Strong performance in the e-Commerce channel driven by the United States and Greater China, as traffic, conversion and units per transaction increased compared to the same period last year.

DTC comparable sales growth1 of 3.5% was driven by higher e-Commerce revenue and relatively flat comparable store growth.

1DTC comparable sales growth is a supplementary financial measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Wholesale

Revenue from our Wholesale segment was $41.4m for the fourth quarter ended March 31, 2024 compared to $45.5m for the fourth quarter ended April 2, 2023. The decrease of $4.1m or (9.0)% was due to a planned lower order book value resulting from fewer orders from existing customers, compared to the same period last year, and the ongoing streamlining of our wholesale accounts.

Other

Revenue from our Other segment was $45.1m for the fourth quarter ended March 31, 2024 compared to $20.2m for the fourth quarter ended April 2, 2023. The increase of $24.9m was mainly attributable to larger number of friends and family events related to our strategic management of slow moving inventory, which we leveraged to exit slow moving and discontinued inventory as part of our broader strategy to optimize inventory levels.

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Gross Profit

	Fourth quarter ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Gross margin		Reported	Gross margin		$ Change	Change in bps
Gross profit	233.0	65.1	%	190.3	64.9	%	42.7	20	bps

Gross profit and gross margin for the fourth quarter ended March 31, 2024 were $233.0m and 65.1%, respectively, compared to $190.3m and 64.9%, respectively, for the fourth quarter ended April 2, 2023. The increase in gross profit of $42.7m was attributable to higher revenue and gross margin expansion. Gross margin in the current quarter was favourably impacted by pricing (+110 bps), freight and duty (+60 bps) and inventory adjustments (+30 bps) partially offset by product mix (-100 bps) and channel mix (-80 bps).

SG&A Expenses

	Fourth quarter ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	% of segment revenue		Reported	% of segment revenue		$ Change	% Change
				Reclassified	Reclassified
SG&A expenses	209.9	58.6	%	172.7	58.9	%	(37.2)	(21.5)	%

SG&A expenses were $209.9m for the fourth quarter ended March 31, 2024 compared to $172.7m for the fourth quarter ended April 2, 2023. The increase in SG&A expenses of $37.2m or 21.5% was attributable to:

•An increase of $23.4m in costs related to our operating segments, driven by:

◦$7.7m of higher personnel costs primarily due to headcount growth related to the expanded retail network in the United States and Greater China;

◦$3.8m in higher depreciation and amortization driven by the continued retail expansion, including new stores opened in fiscal 2024;

◦$2.9m in increased technology costs for licenses and fees related to the e-Commerce infrastructure; and

◦$2.8m in fees to our service providers in support of our friends and family events; and

◦$2.6m in increased rent, occupancy, and maintenance costs primarily due to the expansion of the retail network, prior year store openings running for the full quarter in fiscal 2024, and higher costs from variable rent in Asia Pacific resulting from increased revenue compared to fiscal 2023.

•An increase of $13.8m in costs related to corporate expenses, driven by $13.5m of activities related to the Transformation Program, including $2.4m of consultancy fees and $11.1m of severance costs, net of share-based award forfeitures, associated with the reduction in workforce which are not expected to recur.

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Operating Income and Operating Margin

	Fourth quarter ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Operating margin		Reported	Operating margin		$ Change	Change in bps
				Reclassified	Reclassified
DTC	104.8	38.6	%	90.4	39.7	%	14.4	(110)	bps
Wholesale	3.9	9.4	%	3.7	8.1	%	0.2	130	bps
Other	9.9	22.0	%	5.2	25.7	%	4.7	(370)	bps
Total segment operating income1	118.6			99.3			19.3
	Fourth quarter ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Operating margin		Reported	Operating margin		$ Change	Change in bps
Total segment operating income1	118.6			99.3			19.3
Corporate expenses	(95.5)			(81.7)			(13.8)
Total operating income	23.1	6.5	%	17.6	6.0	%	5.5	50	bps

1.Total segment operating income is a non-IFRS measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

Operating income and operating margin were $23.1m and 6.5% for the fourth quarter ended March 31, 2024 compared to operating income and operating margin of $17.6m and 6.0% the fourth quarter ended April 2, 2023. The increase in operating income of $5.5m was attributable to higher gross profit, partially offset by higher operating costs noted above. The increase in operating margin of 50 bps was attributable to higher gross margin partially offset by higher SG&A expenses.

DTC

DTC segment operating income and operating margin were $104.8m and 38.6% for the fourth quarter ended March 31, 2024 compared to $90.4m and 39.7% for the fourth quarter ended April 2, 2023. The increase in operating income of $14.4m was attributable to higher sales, partially offset by costs associated with the expansion of the retail network.

The decrease in operating margin of (110) bps was attributable to:

•Gross margin - favourably increased by 60 bps to 73.9% in the fourth quarter ended March 31, 2024, compared to 73.3% for the fourth quarter ended April 2, 2023. The increase in gross margin was driven by pricing (+110 bps), freight and duty (+50 bps) and product mix (+40 bps), partially offset by inventory adjustments (-130 bps).

•SG&A expenses as a percentage of revenue - unfavourably increased by 170 bps to 35.3% for the fourth quarter ended March 31, 2024, compared to 33.6% for the fourth quarter ended April 2, 2023. The increase was attributable to higher personnel and infrastructure costs in the e-Commerce channel relative to revenue growth in the channel

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and higher personnel costs in the retail channel relative to revenue growth in the channel.

Wholesale

Wholesale segment operating income and operating margin were $3.9m and 9.4%, respectively, for the fourth quarter ended March 31, 2024 compared to $3.7m and 8.1% for the fourth quarter ended April 2, 2023. The increase in operating income of $0.2m was attributable to higher gross profit despite a decline in revenue from a lower order book value and the continued streamlining of the Wholesale segment. SG&A expenses are consistent with the comparative quarter.

The increase in operating margin of 130 bps was attributable to:

•Gross margin - favourably increased by 400 bps to 39.6% in the fourth quarter ended March 31, 2024, compared to 35.6% for the fourth quarter ended April 2, 2023. The increase in gross margin was driven by inventory adjustments (+1,170 bps) primarily due to higher inventory provisioning in the comparative quarter that did not reoccur in the current quarter. The increase was partially offset by product mix (-740 bps) primarily due to a lower proportion of Heavyweight Down sales.

•SG&A expenses as a percentage of revenue - unfavourably increased by 270 bps to 30.2% for the fourth quarter ended March 31, 2024, compared to 27.5% for the fourth quarter ended April 2, 2023. The increase was attributable to lower segment revenue, as SG&A expenses from the current quarter are consistent with the comparative quarter.

Other

Other segment operating income was $9.9m for the fourth quarter ended March 31, 2024 compared to $5.2m for the fourth quarter ended April 2, 2023. The increase in operating income of $4.7m was attributable to higher revenue as described above, partially offset by increased SG&A expenses.

Net Interest, Finance and Other Costs

	Fourth quarter ended
	March 31, 2024	April 2, 2023
CAD $ millions	Reported	Reported	$ Change	% Change
		Reclassified
Net interest, finance and other costs	5.9	22.2	16.3	73.4	%

Net interest, finance and other costs were $5.9m for the fourth quarter ended March 31, 2024 compared to $22.2m for the fourth quarter ended April 2, 2023. The decrease of $16.3m or 73.4% was driven by the decrease in net loss of $19.2m on the fair value remeasurement of the put option liability (liability decrease of $25.6m, excluding translation losses of $1.8m) and the contingent consideration (liability increase of $4.3m, excluding translation losses of $0.3m) related to the Japan Joint Venture. The change in fair values of the contingent consideration and put option liability were driven by updated cash flow forecasts, progression through the 4-year and 10-year terms, respectively, and lower cost of equity in the market.

The decrease was partially offset by unfavourable foreign exchange fluctuations related to the Term Loan (as defined below) which is denominated in USD, net of hedging impacts, of $1.7m and $1.5m of higher interest related to principal payments on lease liabilities.

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Income Taxes

	Fourth quarter ended
	March 31, 2024			April 2, 2023
CAD $ millions	Reported	Effective tax rate		Reported	Effective tax rate		$ Change	Change in bps
Income tax expense	9.6	55.8	%	5.4	(117.4)	%	(4.2)	(17,320)	bps

Income tax expense was $9.6m for the fourth quarter ended March 31, 2024 compared to $5.4m for the fourth quarter ended April 2, 2023. For the fourth quarter ended March 31, 2024, the effective and statutory tax rates were 55.8% and 25.5%, respectively, compared to (117.4)% and 25.3% for the fourth quarter ended April 2, 2023. Given our global operations, the quarter to date effective tax rate is largely impacted by our profit or loss in taxable jurisdictions relative to the applicable tax rates.

Net Income

Net income for the fourth quarter ended March 31, 2024 was $7.6m compared to a net loss of $10.0m for the fourth quarter ended April 2, 2023, driven by the factors described above.

QUARTERLY FINANCIAL INFORMATION

The following is a summary of selected consolidated financial information for each of the eight most recently completed quarters:

CAD $ millions (except per share data)	Revenue				% of fiscal year revenue		Net income (loss) attributable to shareholders of the Company	Earnings (loss) per share attributable to shareholders of the Company				Operating income (loss) (reclassified)	Adjusted EBIT1 (restated)	Adjusted net income (loss) per diluted share attributable to shareholders of the Company1 (restated)
	DTC	Wholesale	Other	Total				Basic		Diluted
Fiscal 2024
Fourth Quarter	271.5	41.4	45.1	358.0	26.8	%	5.0	$	0.05	$	0.05	23.1	40.1	$	0.19
Third Quarter	514.0	81.8	14.1	609.9	45.7	%	130.6	$	1.30	$	1.29	198.8	207.2	$	1.37
Second Quarter	109.4	162.0	9.7	281.1	21.1	%	3.9	$	0.04	$	0.04	2.3	15.6	$	0.16
First Quarter	55.8	27.1	1.9	84.8	6.4	%	(81.1)	$	(0.78)	$	(0.78)	(99.7)	(91.1)	$	(0.70)
Fiscal 2023
Fourth Quarter	227.5	45.5	20.2	293.2	24.1	%	(3.1)	$	(0.03)	$	(0.03)	17.6	26.6	$	0.13
Third Quarter	450.2	114.4	12.1	576.7	47.4	%	134.9	$	1.28	$	1.28	190.7	197.1	$	1.27
Second Quarter	94.8	180.7	1.7	277.2	22.8	%	3.3	$	0.03	$	0.03	21.5	26.3	$	0.19
First Quarter	34.8	33.2	1.9	69.9	5.7	%	(62.4)	$	(0.59)	$	(0.59)	(82.2)	(75.9)	$	(0.56)

1Adjusted EBIT and adjusted net income (loss) attributable to shareholders of the Company are non-IFRS financial measures and adjusted net income (loss) per diluted share attributable to shareholders of the Company is a non-IFRS ratio. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of these measures and a reconciliation to the nearest IFRS measure.

Revenue in our Wholesale segment is highest in our second and third quarters as we fulfill wholesale customer orders in time for the Fall and Winter retail seasons, and, in our DTC segment, in the third and fourth quarters. Our net income is typically negative in the first quarter and negative or reduced in the fourth quarter as we invest ahead of our peak season.

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Revenue

Over the last eight quarters, revenue has been impacted by the following:

•timing of store openings;

•launch and expansion of international e-Commerce sites;

•timing and extent of SG&A, including demand generation activities;

•successful execution of global pricing strategy;

•shift in mix of revenue from Wholesale to DTC, which has impacted the seasonality of our financial performance;

•shift in geographic mix of sales to increase sales outside of Canada, where average unit retail pricing is generally higher;

•fluctuation of foreign currencies relative to the Canadian dollar;

•revenue generated from the Japan Joint Venture formed on April 4, 2022;

•revenue generated from the new subsidiary Paola Confectii formed on November 1, 2023, in connection with the business combination; and

•impacts from COVID-19 that began in the fourth quarter of fiscal 2020.

Net Income (Loss)

Over the last eight quarters, net income (loss) has been affected by the following factors:

•impact of the items affecting revenue, as discussed above;

•increase and timing of our investment in brand, marketing, and administrative support as well as increased investment in property, plant, and equipment and intangible assets to support growth initiatives;

•increase in fixed SG&A costs associated with our business, particularly the headcount growth and premises costs associated with our expanding DTC channel, resulting in net losses in our seasonally low-revenue first and fourth quarters, respectively;

•impact of foreign exchange;

•fluctuations in average cost of borrowings to address growing working capital requirements and higher seasonal borrowings in the first and second quarters of each fiscal year to address the seasonal nature of revenue;

•pre-store opening costs incurred, timing of leases signed, and opening of stores;

•the nature and timing of transaction costs in connection with the Japan Joint Venture and amendments to long-term debt agreements;

•the proportion of taxable income in non-Canadian jurisdictions and changes to rates and tax legislation in those jurisdictions;

•increased freight costs, limitations on shipping and other disruptions in the transportation and shipping infrastructure;

•increased product costs due to cost inflation and higher interest rates;

•the repurchase of our subordinate voting shares pursuant to our normal course issuer bids;

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•costs associated with the formation of the Japan Joint Venture on April 4, 2022 and the business combination resulting in the acquisition of Paola Confectii on November 1, 2023; and

•the introduction of the Transformation Program in the fourth quarter of fiscal 2023 and related activities under this program as described above.

NON-IFRS FINANCIAL MEASURES AND OTHER SPECIFIED FINANCIAL MEASURES

The Company uses certain financial measures that are “non-IFRS financial measures”, including adjusted EBIT, adjusted EBITDA, adjusted net income attributable to the shareholders of the Company, constant currency revenue, and net debt, certain financial measures that are “non-IFRS ratios”, including adjusted EBIT margin, adjusted net income per basic and diluted share attributable to shareholders of the Company and, net debt leverage, as well as certain financial measures that are “supplementary financial measures”, including DTC comparable sales growth and average sales per square foot, in each case in this document and other documents. 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, certain investors and analysts use this information to evaluate the Company’s operating and financial performance and its financial position. These financial measures are not defined under IFRS nor do they replace or supersede any standardized measure under IFRS. Other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures.

	Year ended						Fourth quarter ended
CAD $ millions (except per share data)	March 31, 2024			April 2, 2023			March 31, 2024			April 2, 2023
				Restated						Restated
Adjusted EBIT	171.8			174.1			40.1			26.6
Adjusted EBIT margin	12.9		%	14.3		%	11.2		%	9.1		%
Adjusted EBITDA	298.2			276.7			75.3			56.0
Adjusted net income attributable to shareholders of the Company	101.0			110.0			19.3			14.0
Adjusted net income per basic share attributable to shareholders of the Company	$	1.00		$	1.05		$	0.19		$	0.13
Adjusted net income per diluted share attributable to shareholders of the Company	$	0.99		$	1.04		$	0.19		$	0.13

CAD $ millions	March 31, 2024	April 2, 2023
Net debt	(584.1)	(468.1)

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Adjusted EBIT, adjusted EBIT margin, adjusted EBITDA, adjusted net income attributable to shareholders of the Company, and adjusted net income per basic and diluted share attributable to shareholders of the Company

These measures exclude the impact of certain non-cash items and certain other adjustments related to events that are non-recurring or unusual in nature, that we believe are not otherwise reflective of our ongoing operations and/or that make comparisons of underlying financial performance between periods difficult. We use, and believe that certain investors and analysts use, this information to evaluate our core financial and operating performance for business planning purposes, as well as to analyze how our business operates in, or responds to, swings in economic cycles or to other events that impact the apparel industry.

Constant currency revenue

Constant currency revenue is calculated by translating the prior year reported amounts into comparable amounts using a single foreign exchange rate for each currency calculated based on the current period exchange rates. We use, and believe that certain investors and analysts use, this information to assess how our business and geographic segments performed excluding the effects of foreign currency exchange rate fluctuations. See “Results of Operations - Revenue” for a reconciliation of reported revenue and revenue on a constant currency basis.

Net debt and net debt leverage

We define net debt as cash less total borrowings and lease liabilities, and net debt leverage as the ratio of net debt to adjusted EBITDA, measured on a spot basis. We use, and believe that certain investors and analysts use, these non-IFRS financial measures and ratios to determine the Company’s financial leverage and ability to meet its debt obligations. See “Liquidity and Capital Resources - Indebtedness” below for a table providing the calculation of net debt and discussion of net debt leverage.

DTC comparable sales growth

DTC comparable sales growth is a supplementary financial measure defined as 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 growth metric we report may not be equivalent to similarly titled metrics reported by other companies.

Average sales per square foot

Average sales per square foot is a supplementary financial measure, calculated as total revenue from our stores that have been open for the full 52 weeks of the fiscal year divided by average net selling space. Average net selling space is defined as the sum of a store’s selling square footage at the end of each month divided by 12 fiscal periods. We use this metric to assess the performance of our stores relative to their square footage. The average sales per square foot metric we report may not be equivalent to similarly titled metrics reported by other companies.

Total Segment Operating Income

Total segment operating income is a non-IFRS measure defined as revenue minus cost of goods sold and SG&A expenses directly related to the operating segment. The total segment operating income metric we report may not be equivalent to similarly titled metrics reported by other companies. See “Operating Income and Operating Margin” discussion above for reconciliation.

The tables below reconcile net income to adjusted EBIT, adjusted EBITDA and adjusted net income attributable to shareholders of the Company for the periods indicated. Adjusted EBIT

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margin is equal to adjusted EBIT for the period presented as a percentage of revenue for the same period.

Beginning in fiscal 2024, impairment losses for retail stores are no longer included in the reconciliation of net income to adjusted EBIT, adjusted EBITDA and adjusted net income attributable to shareholders of the Company, as we believe these costs have become sufficiently recurring and are therefore part of our normal course of business. Comparable periods have been restated to reflect this change.

Beginning with the first quarter of fiscal 2024, foreign exchange gains and losses related to the Term Loan (as defined below), net of hedging, are now reflected in the presentation of net interest, finance and other costs; which was previously presented in SG&A expenses. As such, this item is no longer included as a separate reconciling item to adjusted EBIT, adjusted EBIT margin, and adjusted EBITDA. Comparable periods have been reclassified to reflect this change.

See “Basis of Presentation” for additional details on the updates made to the comparable periods.

	Year ended				Fourth quarter ended
CAD $ millions	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
Net income (loss)	58.1		68.9		7.6		(10.0)
Add (deduct) the impact of:
Income tax expense	17.6		24.6		9.6		5.4
Net interest, finance and other costs	48.8		54.1		5.9		22.2
Operating income	124.5		147.6		23.1		17.6
Net temporary store closure costs (a)	—		3.2		—		—
Head office transition costs (c)	0.8		6.7		—		2.0
Japan Joint Venture costs (e)	4.9		10.2		2.5		1.9
Transformation Program costs (g)	40.1		4.1		13.5		4.1
Legal proceeding costs (h)	—		2.2		—		—
Paola Confectii Earn-Out costs (j)	1.5		—		1.0		—
Other (k)	—		0.1		—		1.0
Total adjustments	47.3		26.5		17.0		9.0
Adjusted EBIT	171.8		174.1		40.1		26.6
Adjusted EBIT margin	12.9	%	14.3	%	11.2	%	9.1	%

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	Year ended		Fourth quarter ended
CAD $ millions	March 31, 2024	April 2, 2023	March 31, 2024	April 2, 2023
Net income (loss)	58.1	68.9	7.6	(10.0)
Add (deduct) the impact of:
Income tax expense	17.6	24.6	9.6	5.4
Net interest, finance and other costs	48.8	54.1	5.9	22.2
Operating income	124.5	147.6	23.1	17.6
Net temporary store closure costs (a)	—	3.2	—	—
Head office transition costs (c)	0.8	6.7	—	2.0
Japan Joint Venture costs (e)	4.9	10.2	2.5	1.9
Transformation Program costs (g)	40.1	4.1	13.5	4.1
Legal proceeding costs (h)	—	2.2	—	—
Paola Confectii Earn-Out costs (j)	1.5	—	1.0	—
Net depreciation and amortization (n)	126.4	102.6	35.2	29.4
Other (k)	—	0.1	—	1.0
Total adjustments	173.7	129.1	52.2	38.4
Adjusted EBITDA	298.2	276.7	75.3	56.0

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	Year ended		Fourth quarter ended
CAD $ millions	March 31, 2024	April 2, 2023	March 31, 2024	April 2, 2023
Net income (loss)	58.1	68.9	7.6	(10.0)
Add (deduct) the impact of:
Net temporary store closure costs (a) (b)	—	3.3	—	—
Head office transition costs (c) (d)	1.2	8.3	—	2.4
Japan Joint Venture costs (e)	4.9	10.2	2.5	1.9
Japan Joint Venture remeasurement loss (gain) on contingent consideration and put option (f)	4.4	8.0	(6.4)	12.7
Transformation Program costs (g)	40.1	4.1	13.5	4.1
Legal proceeding costs (h)	—	2.2	—	—
Unrealized foreign exchange loss on Term Loan (i)	2.1	12.1	2.1	0.4
Paola Confectii Earn-Out costs (j)	1.5	—	1.0	—
Other (k)	—	0.1	—	1.0
	54.2	48.3	12.7	22.5
Tax effect of adjustments	(10.1)	(6.2)	(3.9)	(1.9)
Deferred tax adjustment (l)	3.1	3.7	3.6	3.7
Adjusted net income	105.3	114.7	20.0	14.3
Adjusted net income attributable to non-controlling interest (m)	(4.3)	(4.7)	(0.7)	(0.3)
Adjusted net income attributable to shareholders of the Company	101.0	110.0	19.3	14.0
Weighted average number of shares outstanding
Basic	100,816,758	105,058,643	99,355,838	104,519,045
Diluted1	101,823,073	105,622,312	100,395,330	104,519,045
Adjusted net income per basic share attributable to shareholders of the Company	1.00	1.05	0.19	0.13
Adjusted net income per diluted share attributable to shareholders of the Company	0.99	1.04	0.19	0.13

1.Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. For the fourth quarter and year ended March 31, 2024, there were 3,904,366 and 3,904,366 shares, respectively (fourth quarter and year ended April 2, 2023 - 643,505 and 2,231,231 shares, respectively) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

(a)Net temporary store closure costs of $nil and $nil were incurred in the fourth quarter and year ended March 31, 2024, respectively (fourth quarter and year ended April 2, 2023 - $nil and $3.2m, respectively).

(b)Net temporary store closure costs incurred in (a) as well as $nil and $nil of interest expense on lease liabilities for temporary store closures for the fourth quarter and year ended March 31, 2024, respectively (fourth quarter and year ended April 2, 2023 - $nil and $0.1m, respectively).

(c)Costs incurred for the corporate head office transition, including depreciation on right-of-use assets.

(d)Corporate head office transition costs incurred in (c) as well as $nil and $0.4m of interest expense on lease liabilities for the fourth quarter and year ended March 31, 2024, respectively (fourth quarter and year ended April 2, 2023 - $0.4m and $1.6m, respectively).

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(e)Costs incurred in connection with the establishment of the Japan Joint Venture. This is driven by the impact of gross margin that would otherwise have been recognized on the sale of inventory recorded at net realizable value less costs to sell, as well as other costs of establishing the Japan Joint Venture.

(f)Changes to the fair value remeasurement of the contingent consideration and put option liability related to the Japan Joint Venture. The Company recorded a gain of $(6.4)m and a loss of $4.4m on the fair value remeasurement of the contingent consideration and put option during the fourth quarter and year ended March 31, 2024, respectively (fourth quarter and year ended April 2, 2023 - losses of $12.7m and $8.0m, respectively. These gains and losses are included in net interest, finance and other costs within the statements of income.

(g)Transformation Program costs includes consultancy fees of $2.4m and $23.5m, respectively, as well as severance costs, net of shared-based award forfeitures of $11.1m and $16.6m, respectively, associated with the reduction in workforce for the fourth quarter and year ended March 31, 2024.

(h)Costs for legal proceeding fees including for the defense of class action lawsuits.

(i)Unrealized gains and losses on the translation of the Term Loan (as defined below) 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 were previously presented in SG&A expenses, are now reflected in the presentation of net interest, finance and other costs.

(j)Remuneration recognized for the Earn-Out related to the acquisition of Paola Confectii SRL. See “Business Developments” for detailed information on the Earn-Out in connection with the business combination.

(k)Costs related to the transition of logistics agencies, restructuring costs related to the company’s manufacturing facilities, rent abatements received as well as individually immaterial items.

(l)Deferred tax adjustment recorded as the result of Swiss tax reform in Canada Goose International AG.

(m)Calculated as net income (loss) attributable to non-controlling interest within the statements of income of $2.6m and $(0.3)m plus $(1.9)m and $4.6m for the gross margin adjustment and the put option liability and contingent consideration revaluation related to the non-controlling interest within the Japan Joint Venture for the fourth quarter and year ended March 31, 2024, respectively. Net loss attributable to non-controlling interest within the statements of income of $(6.9)m and $(3.8)m plus $7.2m and $8.5m for the gross margin adjustment and the put option liability and contingent consideration revaluation related to the non-controlling interest within the Japan Joint Venture for the fourth quarter and year ended April 2, 2023, respectively.

(n)Calculated as depreciation and amortization as determined in accordance with IFRS, less the depreciation impact for temporary store closures (a), and corporate head office transition costs (c). Depreciation and amortization includes depreciation on right-of-use assets under IFRS 16, Leases.

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LIQUIDITY AND CAPITAL RESOURCES

Cash Flows

The following table summarizes the Company’s consolidated statement of cash flows for the year ended March 31, 2024 compared to the year ended April 2, 2023, and for the fourth quarter ended March 31, 2024 compared to the fourth quarter ended April 2, 2023.

	Year ended			Fourth quarter ended
CAD $ millions	March 31, 2024	April 2, 2023	$ Change	March 31, 2024	April 2, 2023	$ Change
Total cash from (used in):
Operating activities	164.6	116.3	48.3	82.8	7.0	75.8
Investing activities	(72.4)	(45.3)	(27.1)	(12.7)	(23.9)	11.2
Financing activities	(232.8)	(80.7)	(152.1)	(79.5)	(45.4)	(34.1)
Effects of foreign currency exchange rate changes on cash	(1.0)	8.5	(9.5)	0.0	4.6	(4.6)
Decrease in cash	(141.6)	(1.2)	(140.4)	(9.4)	(57.7)	48.3
Cash, beginning of period	286.5	287.7	(1.2)	154.3	344.2	(189.9)
Cash, end of period	144.9	286.5	(141.6)	144.9	286.5	(141.6)

Cash Requirements

Our primary need for liquidity is to fund working capital and capital expenditures including new stores, debt services, and general corporate requirements of our business. Our primary source of liquidity to meet our cash requirements is cash generated from operating activities over our annual operating cycle. We also utilize the Mainland China Facilities, the Japan Facility, the Revolving Facility, as defined below, and the trade accounts receivable factoring program to provide short-term liquidity and to have funds available for working capital. Our ability to fund our operations, invest in planned capital expenditures, meet debt obligations, and repay or refinance indebtedness depends on our future operating performance and cash flows, which are subject, but not limited to, prevailing economic, financial, and business conditions, some of which are beyond our control. Cash generated from operating activities is significantly impacted by the seasonality of our business. Historically, cash flows from operating activities have been highest in the third and fourth fiscal quarters of the fiscal year due to revenue from the DTC channel and the collection of receivables from wholesale revenue recognized earlier in the year.

As at March 31, 2024, the decrease in total inventory compared to April 2, 2023 was attributable to lower raw materials and finished goods. Raw material decreases were driven by an adjustment to purchasing processes to better align supply with production needs. Lower finished goods levels were achieved by:

•management of slow moving inventory through revenue generated in the Other segment;

•inventory provisioning for Canada Goose Generations;

•a decrease in total production; and

•continued focus on optimizing product planning.

The decrease in production was driven by optimizing production levels to better align the supply of product with anticipated revenue growth and utilize the evergreen product we have on-hand. We continue to monitor the levels of inventory in each of our sales channels and across geographic regions and intend to continue to align inventory with demand that we forecast in each region.

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Inventory of $1.6m was acquired through Paola Confectii, and its inventory level is $6.6m as at March 31, 2024.

Cash flows from operating activities

Cash flows from operating activities were $164.6m for the year ended March 31, 2024 compared to $116.3m for the year ended April 2, 2023. The increase in cash from operating activities of $48.3m was driven by deceleration of inventory production compared to investments in inventory in the prior year. This was partially offset by higher income taxes paid of $29.3m.

Cash flows from operating activities were $82.8m for the fourth quarter ended March 31, 2024 compared to $7.0m for the fourth quarter ended April 2, 2023. The increase in cash from operating activities of $75.8m was driven by higher net income, lower inventory production and decreased accounts payable and accrued liabilities driven by the $20.0m liability to our designated broker under the automatic share purchase plan (the “Fiscal 2023 ASPP”) in the comparative quarter.

Cash flows used in investing activities

Cash flows used in investing activities were $72.4m for the year ended March 31, 2024 compared to $45.3m for the year ended April 2, 2023. The increase in cash flows used in investing activities of $27.1m was driven by $15.9m for the acquisition of Paola Confectii and increased capital expenditures of $9.7m driven by the expansion of the retail network.

Cash flows used in investing activities were $12.7m for the fourth quarter ended March 31, 2024 compared to $23.9m for the fourth quarter ended April 2, 2023. The decrease in cash flows used in investing activities of $11.2m was primarily due to $13.7m lower capital expenditures related to upcoming retail expansion, partially offset by $3.6m on the final cash consideration payment for the newly acquired Paola Confectii business.

Cash flows used in financing activities

Cash flows used in financing activities were $232.8m for the year ended March 31, 2024 compared to $80.7m for the year ended April 2, 2023. The increase in cash flows used in financing activities of $152.1m was driven by $114.7m of higher payments for the purchase of subordinate voting shares that were cancelled related to the normal course issuer bid (“NCIB”) that begun during fiscal 2023 (the “Fiscal 2023 NCIB”) and the NCIB that begun during fiscal 2024 (the “Fiscal 2024 NCIB”) as described below, repayments of $9.8m principal outstanding balance on the Mainland China Facilities (as defined below) from fiscal 2023, increased principal payments on lease liabilities of $7.0m, primarily for additional retail stores, and the settlement of the term loan derivative contracts of $8.6m in the comparative period.

Cash flows used in financing activities were $79.5m for the fourth quarter ended March 31, 2024 compared to $45.4m for the fourth quarter ended April 2, 2023. The increase in cash flows used in financing activities of $34.1m was largely driven by $19.1m of higher payments for the purchase of subordinate voting shares that were cancelled related to the Fiscal 2023 NCIB and Fiscal 2024 NCIB as described below, increased repayments of $3.4m on the Mainland China Facilities (as defined below), and the settlement of the term loan derivative contracts of $8.6m in the comparative quarter.

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Indebtedness

The following table presents our net debt1 as of March 31, 2024 and April 2, 2023.

CAD $ millions	March 31, 2024	April 2, 2023	$ Change
Cash	144.9	286.5	(141.6)
Mainland China Facilities	—	(9.8)	9.8
Japan Facility	(5.4)	(13.7)	8.3
Revolving Facility	—	—	—
Term Loan	(393.1)	(396.3)	3.2
Lease liabilities	(330.5)	(334.8)	4.3
Net debt1	(584.1)	(468.1)	(116.0)

1Net debt is a non-IFRS measure. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of this measure.

As at March 31, 2024, net debt was $584.1m compared to $468.1m as at April 2, 2023. The increase of $116.0m was driven by a decrease in cash of $141.6m, partially offset by decreased borrowings on the Mainland China Facilities, Japan Facility and the Term Loan, as defined below. Net debt leverage1 as at March 31, 2024 was 2.0 times adjusted EBITDA, compared to 1.7 times adjusted EBITDA as at April 2, 2023.

1.Net debt and net debt leverage are non-IFRS measures. See “Non-IFRS Financial Measures and Other Specified Financial Measures” for a description of these measures.

Amendments to borrowings

Effective June 30, 2023, LIBOR rates were no longer published for U.S Dollars. As a result, in the first quarter ended July 2, 2023, the Company transitioned facilities and contracts denominated in U.S dollars applying LIBOR to the Secured Overnight Financing Rate published by the Federal Reserve Bank of New York (“SOFR”). At this time, the Company entered into further amendments to its Revolving Facility (as defined below), the Term Loan (as defined below) and the interest rate swaps to transition to SOFR. In connection with the amendments, during the first quarter ended July 2, 2023 the Company also extended the maturity of the Revolving Facility to May 15, 2028 and incurred transaction costs of $0.7m, on the extension of the Revolving Facility, which are being amortized using the effective interest rate method over the new term to maturity. There were no amendments to borrowings in the fourth quarter ended March 31, 2024.

Revolving Facility

The Company has an agreement with a syndicate of lenders for a senior secured asset-based revolving credit facility (“Revolving Facility”) in the amount of $467.5m, with an increase in commitments to $517.5m during the peak season (June 1 - November 30). The Revolving Facility matures on May 15, 2028. Amounts owing under the Revolving Facility may be borrowed, repaid and re-borrowed for general corporate purposes. The Company has pledged substantially all of its assets as collateral for the Revolving Facility. The Revolving Facility contains financial and non-financial covenants which could impact the Company’s ability to draw funds.

As at March 31, 2024, the Company had repaid all principal amounts owing on the Revolving Facility (April 2, 2023 - $nil). As at March 31, 2024, no interest and administrative fees remain outstanding (April 2, 2023 - $nil). Deferred financing charges in the amounts of $1.0m (April 2,

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2023 - $0.5m), were included in other long-term liabilities. As at and during the year ended March 31, 2024, the Company was in compliance with all covenants.

The Company had unused borrowing capacity available under the Revolving Facility of $203.7m as at March 31, 2024 (April 2, 2023 - $238.4m).

As at March 31, 2024, the Company had letters of credit outstanding under the Revolving Facility of $1.5m (April 2, 2023 - $1.8m).

Term Loan

The Company has a senior secured loan agreement with a syndicate of lenders that is secured on a split collateral basis (“Term Loan”) alongside the Revolving Facility. The Term Loan has an aggregate principal amount of USD300.0m, with quarterly repayments of USD0.75m on the principal amount and a maturity date of October 7, 2027. Moreover, the Term Loan has an interest rate of SOFR plus a term SOFR adjustment of 0.11448% with an applicable margin of 3.50% payable monthly in arrears. SOFR plus the term SOFR adjustment may not be less than 0.75%.

Voluntary prepayments of amounts owing under the Term Loan may be made at any time without premium or penalty but once repaid may not be reborrowed. The Company has pledged substantially all of its assets as collateral for the Term Loan. The Term Loan contains financial and non-financial covenants which could impact the Company’s ability to draw funds. As at and during the year ended March 31, 2024, the Company was in compliance with all covenants.

As the Term Loan is denominated in U.S. dollars, the Company remeasures the outstanding balance in Canadian dollars at each balance sheet date. As at March 31, 2024, we had $393.1m (USD290.3m) aggregate principal amount outstanding under the Term Loan (April 2, 2023 - $396.3m (USD293.3m)). The difference in amounts in these periods is the result of the change in the CAD:USD exchange rate.

Mainland China Facilities

A subsidiary of the Company in Mainland China has two uncommitted loan facilities in the aggregate amount of RMB266.4m ($50.0m) ("Mainland China Facilities"). The term of each draw on the loans is one, three or six months or such other period as agreed upon and shall not exceed 12 months (including any extension or rollover). The interest rate on each facility is equal to loan prime rate of 1 year, minus a marginal rate between 0.35% and 0.45%, and payable at one, three or six months, depending on the term of each draw. Proceeds drawn on the Mainland China Facilities are being used to support working capital requirements and build up of inventory for peak season sales. As at March 31, 2024, the Company had no amounts owing on the Mainland China Facilities (April 2, 2023 - $9.8m (RMB50.0m)).

Japan Facility

A subsidiary of the Company in Japan has a loan facility in the aggregate amount of JPY4,000.0m ($35.8m) ("Japan Facility") with a floating interest rate of Japanese Bankers Association Tokyo Interbank Offered Rate (“JBA TIBOR”) plus an applicable margin of 0.30%. The term of the facility is 12 months and each draw on the facility is payable within the term. Proceeds drawn on the Japan Facility are being used to support build up of inventory for peak season sales. As at March 31, 2024, the Company had $5.4m (JPY600.0m) owing on the Japan Facility (April 2, 2023 - $13.7m (JPY1,350.0m)).

Short-term Borrowings

As at March 31, 2024, the Company has short-term borrowings in the amount of $9.4m. Short-term borrowings include $5.4m (April 2, 2023 - $13.7m) owing on the Japan Facility, and $4.0m

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(April 2, 2023 - $4.1m) for the current portion of the quarterly principal repayments on the Term Loan. For the year ended April 2, 2023, short-term borrowings included $9.8m on the Mainland China Facilities. Short-term borrowings are all due within the next 12 months.

Lease Liabilities

The Company had $330.5m (April 2, 2023 - $334.8m) of lease liabilities as at March 31, 2024, of which $79.9m (April 2, 2023 - $76.1m) are due within one year. Lease liabilities represent the discounted amount of future payments under leases for right-of-use assets.

Normal Course Issuer Bid

Share capital transactions for the year ended March 31, 2024

Normal course issuer bid for Fiscal 2024

During the year ended March 31, 2024, the Company has renewed its NCIB in relation to its subordinate voting shares. The Company is authorized to make purchases under the Fiscal 2024 NCIB from subordinate voting shares over the 12-month period from November 22, 2023 and ending no later than November 21, 2024, in accordance with the requirements of the Toronto Stock Exchange (the “TSX”). The Board of Directors has authorized the Company to repurchase up to 4,980,505 subordinate voting shares, representing 10.0% of the Public Float (as defined in the rules of the TSX) for the subordinate voting shares as at November 10, 2023. Purchases will be made by means of open market transactions on both the TSX and the New York Stock Exchange (the “NYSE”), or alternative trading systems, if eligible, and will conform to their regulations. Under the Fiscal 2024 NCIB, the Company is allowed to repurchase daily, through the facilities of the TSX, a maximum of 71,846 subordinate voting shares, representing 25% of the average daily trading volume, as calculated per the TSX rules for the six-month period starting on May 1, 2023 and ending on October 31, 2023. A copy of the Company's notice of intention to commence a NCIB through the facilities of the TSX may be obtained, without charge, by contacting the Company. The Company believes that the purchase of its subordinate voting shares under the Fiscal 2024 NCIB is an appropriate and desirable use of available excess cash.

In connection with the Fiscal 2024 NCIB, the Company also entered an automatic share purchase plan (the “Fiscal 2024 ASPP”) under which a designated broker may purchase subordinate voting shares under the Fiscal 2024 NCIB during the regularly scheduled quarterly trading blackout periods of the Company. The repurchases made under the Fiscal 2024 ASPP will be made in accordance with certain purchasing parameters and will continue until the earlier of the date in which the Company has purchased the maximum value of subordinate voting shares pursuant to the Fiscal 2024 ASPP or upon the date of expiry of the Fiscal 2024 NCIB.

During the year ended March 31, 2024, under the Fiscal 2024 NCIB, the Company purchased 3,586,124 subordinate voting shares for cancellation for total cash consideration of $56.9m. The amount to purchase the subordinate voting shares was charged to share capital, with the remaining $48.8m charged to retained earnings. Of the 3,586,124 subordinate voting shares purchased, 3,088,648 were purchased under the Fiscal 2024 ASPP for total cash consideration of $49.6m.

For the trading blackout period relating to the fiscal year ended March 31, 2024, the Company elected not to rely on the Fiscal 2024 ASPP. Therefore, there was no liability due to the designated broker as at March 31, 2024.

Normal course issuer bid for Fiscal 2023

The Board of Directors authorized the Company to initiate a normal course issuer bid, in accordance with the requirements of the Toronto Stock Exchange, to purchase and cancel up to

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5,421,685 subordinate voting shares over the 12-month period from November 22, 2022 and concluded on November 21, 2023 (the “Fiscal 2023 NCIB”).

In connection with the Fiscal 2023 NCIB, the Company also entered into the Fiscal 2023 ASPP under which a designated broker purchased subordinate voting shares under the Fiscal 2023 NCIB during the regularly scheduled quarterly trading blackout periods of the Company. This Fiscal 2023 ASPP terminated on November 21, 2023, along with the Fiscal 2023 NCIB, and the liability to the broker was fully settled.

During the three fiscal quarters ended December 31, 2023, under the Fiscal 2023 NCIB until its expiration, the Company purchased 4,268,883 subordinate voting shares for cancellation for total cash consideration of $83.3m. The amount to purchase the subordinate voting shares was charged to share capital, with the remaining $73.6m charged to retained earnings. Of the 4,268,883 subordinate voting shares purchased, 1,184,152 were purchased under the automatic share purchase plan in connection with the Fiscal 2023 NCIB for total cash consideration of $25.3m.

During the validity of the Fiscal 2023 NCIB, the Company purchased 5,421,685, which represents the total authorized subordinate voting shares for cancellation for total cash consideration of $111.2m. Purchases were made during the validity of the Fiscal 2023 NCIB by means of open market transactions on the TSX, the NYSE and alternative trading systems in Canada and the United States.

Share capital transactions for the year ended April 2, 2023

In connection with the Fiscal 2023 NCIB, during the year ended April 2, 2023, the Company purchased 1,152,802 subordinate voting shares for cancellation for total cash consideration of $26.7m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $25.4m charged to retained earnings. Of the 1,152,802 subordinate voting shares purchased, 821,622 were purchased under the Fiscal 2023 ASPP for total cash consideration of $20.0m.

A liability representing the maximum amount that the Company could be required to pay the designated broker under the Fiscal 2023 ASPP was $20.0m as at April 2, 2023. The amount was charged to contributed surplus.

Capital Management

The Company manages its capital and capital structure with the objectives of safeguarding sufficient working capital over the annual operating cycle and providing sufficient financial resources to grow operations to meet long-term consumer demand. The Board of Directors monitors the Company’s capital management on a regular basis. We aim to continually assess the adequacy of the Company’s capital structure and capacity and make adjustments within the context of the Company’s strategy, economic conditions, and risk characteristics of the business.

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Contractual Obligations

The following table summarizes certain significant contractual obligations and other obligations of the Company, as at March 31, 2024:

CAD $ millions	2025	2026	2027	2028	2029	Thereafter	Total
Accounts payable and accrued liabilities	177.7	—	—	—	—	—	177.7
Japan Facility	5.4	—	—	—	—	—	5.4
Term Loan	4.0	4.1	4.1	380.9	—	—	393.1
Interest commitments relating to borrowings1	35.2	35.2	35.2	17.5	—	—	123.1
Lease obligations	92.0	75.8	66.3	42.1	32.5	81.6	390.3
Pension obligation	—	—	—	—	—	1.8	1.8
Total contractual obligations	314.3	115.1	105.6	440.5	32.5	83.4	1,091.4

1Interest commitments are calculated based on the loan balance and the interest rate payable on the Japan Facility and the Term Loan of 0.45% and 8.94% respectively, as at March 31, 2024.

As at March 31, 2024, we had additional liabilities which included provisions for warranty, sales returns, asset retirement obligations, deferred income tax liabilities, the Earn-Out to the PCML Vendors, and the put option liability and the contingent consideration on the Japan Joint Venture. These liabilities have not been included in the table above as the timing and amount of future payments are uncertain.

OFF-BALANCE SHEET ARRANGEMENTS

The Company uses off-balance sheet arrangements including letters of credit and guarantees in connection with certain obligations, including leases. In Europe, a subsidiary of the Company also entered into an agreement to factor, on a limited recourse basis, certain of its trade accounts receivable up to a limit of EUR20.0m in exchange for advanced funding equal to 100% of the principal value of the invoice. See the “Credit risk” section of this MD&A for additional details on the trade accounts receivable factoring program. Other than those items disclosed here and elsewhere in this MD&A and our financial statements, we did not have any material off-balance sheet arrangements or commitments as at March 31, 2024.

Letter of guarantee facility

On April 14, 2020, Canada Goose Inc. entered into a letter of guarantee facility in the amount of $10.0m. Within the facility, letters of guarantee are available for terms of up to 12 months from the date of issuance and will be charged a fee equal to 1.0% per annum calculated against the face amount and over the term of the guarantee. Amounts issued on the facility will be used to finance working capital requirements through letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit, or similar credits. The Company immediately reimburses the issuing bank for amounts drawn on issued letters of guarantees. As at March 31, 2024, the Company had $7.4m outstanding.

In addition, a subsidiary of the Company in Mainland China entered into letters of guarantee and as at March 31, 2024 the amount outstanding was $9.1m. Amounts will be used to support retail operations of such subsidiaries through letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit, or similar credits.

OUTSTANDING SHARE CAPITAL

Canada Goose is a publicly traded company and the subordinate voting shares are listed on the New York Stock Exchange (NYSE: GOOS) and on the Toronto Stock Exchange (TSX: GOOS).

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As at May 10, 2024, there were 45,543,872 subordinate voting shares issued and outstanding, and 51,004,076 multiple voting shares issued and outstanding.

As at May 10, 2024, there were 4,375,016 options, 469,660 restricted share units, and 330,881 performance share units outstanding under the Company’s equity incentive plans, of which 1,929,815 options were vested as of such date. Each option is exercisable for one subordinate voting share. We expect that vested restricted share units (including performance restricted share units) will be paid at settlement through the issuance of one subordinate voting share per restricted share unit.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are exposed to certain market risks arising from transactions in the normal course of our business. Such risk is principally associated with credit risk, foreign exchange risk and interest rate risk.

Credit risk

Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

Credit risk arises from the possibility that certain parties will be unable to discharge their obligations. The Company manages its credit risk through a combination of third party credit insurance and internal house risk. Credit insurance is provided by a third party for customers and is subject to continuous monitoring of the credit worthiness of the Company's customers. Insurance covers a specific amount of revenue, which may be less than the Company's total revenue with a specific customer. The Company has an agreement with a third party who has insured the risk of loss for up to 90% of trade accounts receivable from certain designated customers subject to a total deductible of $0.1m, to a maximum of $30.0m per year. As at March 31, 2024, trade accounts receivable totaling approximately $14.8m (April 2, 2023 - $10.3m) were insured subject to the policy cap. Complementary to third party insurance, the Company establishes payment terms with customers to mitigate credit risk and continues to closely monitor its trade accounts receivable credit risk exposure.

Within CG Japan, the Company has an agreement with a third party who has insured the risk of trade accounts receivable for certain designated customers for a maximum of JPY540.0m per annum subject to a deductible of 10% and applicable to accounts with receivables over JPY100k. As at March 31, 2024, trade accounts receivable totalling approximately $0.3m (JPY32.5m) were insured subject to the policy cap (April 2, 2023 - $0.7m (JPY72.8m)).

Customer deposits are received in advance from certain customers for seasonal orders to further mitigate credit risk, and applied to reduce accounts receivable when goods are shipped. As at March 31, 2024, customer deposits of $22.9m (April 2, 2023 - $0.2m) were included in accounts payable and accrued liabilities.

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The aging of trade receivables was as follows:

			Past due
CAD $ millions	Total	Current	< 30 days	31-60 days	> 61 days
	$	$	$	$	$
Trade accounts receivable	57.1	33.5	10.0	5.1	8.5
Credit card receivables	3.7	3.7	—	—	—
Other receivables	12.3	11.8	0.3	—	0.2
March 31, 2024	73.1	49.0	10.3	5.1	8.7
Trade accounts receivable	30.4	22.2	4.4	1.1	2.7
Credit card receivables	2.5	2.5	—	—	—
Other receivables	19.5	18.9	0.5	—	0.1
April 2, 2023	52.4	43.6	4.9	1.1	2.8

Trade accounts receivable factoring program

A subsidiary of the Company in Europe has an agreement to factor, on a limited recourse basis, certain of its trade accounts receivable up to a limit of EUR20.0m in exchange for advanced funding equal to 100% of the principal value of the invoice.

For the year ended March 31, 2024, the Company received total cash proceeds from the sale of trade accounts receivable with carrying values of $46.3m which were derecognized from the Company’s statement of financial position (April 2, 2023 - $45.7m). Fees of $0.4m were incurred during the year ended March 31, 2024 (April 2, 2023 - $0.3m) and included in net interest, finance and other costs in the statements of income. As at March 31, 2024, the outstanding amount of trade accounts receivable derecognized from the Company’s statement of financial position, but which the Company continued to service, was $0.6m (April 2, 2023 - $1.1m). Subsequent to the year ended March 31, 2024, the Company has terminated its factoring program.

Foreign exchange risk

Foreign exchange risk in operating cash flows

Our Annual Financial Statements are expressed in Canadian dollars, but a substantial portion of the Company’s revenues, purchases, and expenses are denominated in foreign currencies, primarily U.S. dollars, euros, British pounds sterling, Swiss francs, Chinese yuan, Hong Kong dollars, and Japanese yen. Furthermore, as our business in Greater China grows, transactions in Chinese yuan, Hong Kong dollar and Taiwanese dollar are expected to increase. Net monetary assets denominated in currencies other than Canadian dollars that are held in entities with Canadian dollar functional currency are translated into Canadian dollars at the foreign currency exchange rate in effect at the balance sheet date. Revenues and expenses of all foreign operations are translated into Canadian dollars at the foreign currency exchange rates that approximate the rates in effect at the dates when such items are recognized. As a result, we are exposed to foreign currency translation gains and losses from our foreign operations into Canadian dollars. Appreciating foreign currencies relative to the Canadian dollar, to the extent they are not hedged, will positively impact operating income and net income by increasing our revenue, while depreciating foreign currencies relative to the Canadian dollar will have the opposite impact.

We are also exposed to fluctuations in the prices of U.S. dollar and euro denominated purchases as a result of changes in U.S. dollar or euro exchange rates. Most of our raw

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materials are sourced outside of Canada, primarily in U.S. dollars, and SG&A expenses are typically denominated in the currency of the country in which they are incurred. As a result, we are exposed to foreign currency exchange fluctuations on multiple currencies. A depreciating Canadian dollar relative to the U.S. dollar or euro will negatively impact operating income and net income by increasing our costs of raw materials, while an appreciating Canadian dollar relative to the U.S. dollar or euro will have the opposite impact.

The Company has entered into forward foreign exchange contracts to reduce the foreign exchange risk to fluctuations in the U.S. dollar, euro, British pound sterling, Swiss franc, Chinese yuan, Hong Kong dollar, and Japanese yen exchange rates for revenues and purchases. Certain forward foreign exchange contracts were designated at inception and accounted for as cash flow hedges. During the fourth quarter of fiscal 2023, the Company completed executing the operating hedge program for the fiscal year ending March 31, 2024.

The Company recognized the following unrealized gains and losses in the fair value of derivatives designated as cash flow hedges in other comprehensive income:

	Year ended				Fourth quarter ended
	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
CAD $ millions	Net gain	Tax recovery	Net loss	Tax recovery	Net loss	Tax recovery	Net loss	Tax recovery
	$	$	$	$	$	$	$	$
Forward foreign exchange contracts designated as cash flow hedges	1.3	0.1	(3.7)	0.9	(0.2)	—	(0.7)	0.1

The Company reclassified the following losses and gains from other comprehensive income on derivatives designated as cash flow hedges to locations in the consolidated financial statements described below:

	Year ended		Fourth quarter ended
CAD $ millions	March 31, 2024	April 2, 2023	March 31, 2024	April 2, 2023
Loss (gain) from other comprehensive income	$	$	$	$
Forward foreign exchange contracts designated as cash flow hedges
Revenue	1.8	5.5	0.5	1.5
SG&A expenses	(0.4)	0.1	0.2	(0.2)
Inventory	0.5	0.8	0.1	0.8

For the fourth quarter and year ended March 31, 2024, an unrealized loss of $2.2m and an unrealized gain of $1.7m, respectively (fourth quarter and year ended April 2, 2023 - unrealized gains of $0.2m and $4.5m, respectively) on forward exchange contracts that were not treated as hedges were recognized in SG&A expenses in the statements of income.

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Foreign currency forward exchange contracts outstanding as at March 31, 2024 related to operating cash flows were:

(in millions)	Aggregate Amounts		Currency
Forward contract to purchase Canadian dollars	USD	62.1	U.S. dollars
	€	89.3	euros
	¥	2,085.8	Japanese yen
Forward contract to sell Canadian dollars	USD	22.4	U.S. dollars
	€	40.1	euros
Forward contract to purchase euros	CNY	525.4	Chinese yuan
	£	25.5	British pounds sterling
	HKD	32.9	Hong Kong dollars
	CHF	0.1	Swiss francs
Forward contract to sell euros	CHF	3.3	Swiss francs
	£	1.5	British pounds sterling
	CNY	9.2	Chinese yuan
	HKD	7.0	Hong Kong dollars

Foreign exchange risk on borrowings

Amounts available for borrowing under part of our Revolving Facility are denominated in U.S. dollars. As at March 31, 2024, there were no principal amounts owing under the Revolving Facility.

Amounts borrowed under the Term Loan are denominated in U.S. dollars. Based on our outstanding balances of $393.1m (USD290.3m) under the Term Loan as at March 31, 2024, a $0.01 depreciation in the value of the Canadian dollar compared to the U.S. dollar would have resulted in a decrease in our pre-tax income of $2.9m solely as a result of that exchange rate fluctuation’s effect on the debt.

The Company enters into derivative transactions to hedge a portion of its exposure to interest rate risk and foreign currency exchange risk related to principal and interest payments on the Term Loan denominated in U.S. dollars. The Company also entered into a five-year forward exchange contract by selling $368.5m and receiving USD270.0m as measured on the trade date, to fix the foreign exchange risk on a portion of the Term Loan.

The Company recognized the following unrealized losses and gains in the fair value of derivatives designed as hedging instruments in other comprehensive income:

	Year ended				Fourth quarter ended
	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
CAD $ millions	Net loss	Tax recovery	Net gain	Tax expense	Net gain	Tax expense	Net loss	Tax recovery
	$	$	$	$	$	$	$	$
Swaps designated as cash flow hedges	(1.8)	0.3	4.1	(0.8)	1.2	(0.3)	(3.4)	1.8

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The Company reclassified the following gains and losses from other comprehensive income on derivatives designated as hedging instruments to net interest, finance and other costs:

	Year ended		Fourth quarter ended
CAD $ millions	March 31, 2024	April 2, 2023	March 31, 2024	April 2, 2023
(Gain) loss from other comprehensive income	$	$	$	$
Swaps designated as cash flow hedges	(2.0)	0.5	(0.4)	(0.1)

For the fourth quarter and year ended March 31, 2024, an unrealized gain of $6.4m and an unrealized loss of $1.3m, respectively (fourth quarter and year ended April 2, 2023 - unrealized loss of $1.3m and unrealized gain of $17.5m, respectively) in the fair value of the long-dated forward exchange contract related to a portion of the Term Loan were recognized in net interest, finance and other costs in the statements of income.

Interest rate risk

The Company is exposed to interest rate risk related to the effect of interest rate changes on the borrowings outstanding under the Mainland China Facilities, Japan Facility, and the Term Loan, which currently bear interest rates at 3.10%, 0.45%, and 8.94%, respectively.

Interest rate risk on the Term Loan is partially mitigated by interest rate swap hedges. The Company entered into five-year interest rate swaps agreements terminating December 31, 2025 to pay fixing interest rate and receiving floating interest rates on notional debt of USD270.0m. Effective June 30, 2023, the floating interest benchmark reference rate contained within the swap agreements were amended from LIBOR to SOFR and the average fixed rates were reduced from 1.97% to 1.76%. These swap agreements fix the interest rate on the USD300.0m Term Loan. Following the amendment, the interest rate swaps continue to be designated and accounted for as cash flow hedges.

Based on the closing balance of outstanding borrowings, a 1.00% increase in the closing interest rate during the year ended March 31, 2024 would have increased interest expense on the Japan Facility and the Term Loan before hedging by $0.1m and $3.9m, respectively (April 2, 2023 - $0.3m, and $3.9m, respectively).

Until the third quarter ended December 31, 2023, the Company calculated interest rate sensitivity on debt facilities using the average balance of the facility and average interest rate in the reporting period. Following the third quarter, and applicable for the fourth quarter and fiscal year ended March 31, 2024, the Company calculated interest rate sensitivity on debt facilities using the closing balance of the facility and the closing interest rate. The Company believes this change provides more relevant information on interest rate sensitivity. The Company has recognized this change as a change in estimates and had adjusted the disclosure prospectively.

RELATED PARTY TRANSACTIONS

The Company enters into transactions from time to time with its principal shareholders and organizations affiliated with members of the Board of Directors by incurring expenses for business services. During the year ended March 31, 2024, the Company had transactions with related parties of $1.1m (April 2, 2023 - $1.3m, April 3, 2022 - $1.7m) from companies related to certain shareholders. Net balances owing to related parties as at March 31, 2024 were $0.2m (April 2, 2023 - $0.4m).

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A lease liability due to the previous controlling shareholder of the acquired Baffin Inc. business (the "Baffin Vendor") for leased premises was $2.5m as at March 31, 2024 (April 2, 2023 - $3.1m). During the year ended March 31, 2024, the Company paid principal and interest on the lease liability, net of rent concessions, and other operating costs to entities affiliated with the Baffin Vendor totaling $1.6m (April 2, 2023 - $1.4m, April 3, 2022 - $1.4m). No amounts were owing to Baffin entities as at March 31, 2024 and April 2, 2023.

The Japan Joint Venture has lease liabilities due to the non-controlling shareholder, Sazaby League, for leased premises. Lease liabilities were $1.9m as at March 31, 2024 (April 2, 2023 - $2.7m). During the year ended March 31, 2024, the Company incurred principal and interest on lease liabilities, royalty fees, and other operating costs to Sazaby League totalling $5.2m (April 2, 2023 - $5.9m, April 3, 2022 - $nil). Balances owing to Sazaby League as at March 31, 2024 were $0.3m (April 2, 2023 - $0.2m).

During the year ended March 31, 2024, the Japan Joint Venture sold inventory of $1.5m to companies wholly owned by Sazaby League (April 2, 2023 - $1.7m, April 3, 2022 - $nil). As at March 31, 2024, the Japan Joint Venture recognized a trade receivable of $0.1m from these companies (April 2, 2023 - $0.1m).

Pursuant to the Joint Venture Agreement, during the year ended April 2, 2023, the Company sold inventory of $11.9m to Sazaby League for repurchase by the Japan Joint Venture for inventory fulfillment. There was no outstanding receivable from Sazaby League as at April 2, 2023. During the year ended April 2, 2023, the Japan Joint Venture repurchased $11.9m of inventory from Sazaby League. The Japan Joint Venture had no amounts owing to Sazaby League as at April 2, 2023. These transactions were measured based on pricing established through the Joint Venture Agreement at market terms and were not recognized as sales transactions.

In connection with the business combination, for the year ended March 31, 2024, the Company recognized $1.5m of remuneration costs related to the Earn-Out based on the estimated value of $7.4m for the payout. These costs have been included in other long-term liabilities on the statement of financial position, and reflects the amount owing to the PCML Vendors as at March 31, 2024.

A lease liability due to one of the PCML Vendors for leased premises was $1.2m as at March 31, 2024. During the year ended March 31, 2024, the Company paid principal and interest on the lease liability, to one of the PCML Vendors totalling less than $0.1m. No amounts were owing to one of the PCML Vendors as at March 31, 2024.

Terms and conditions of transactions with related parties

Transactions with related parties are conducted on terms pursuant to an approved agreement, or are approved by the Board of Directors of the Company.

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Key management compensation

Key management consists of the Board of Directors, the Chairman and Chief Executive Officer and the executives who report directly to the Chairman and Chief Executive Officer.

CAD $ millions	March 31, 2024	April 2, 2023	April 3, 2022
Short term employee benefits	10.8	10.1	12.5
Long term employee benefits	0.2	0.1	0.1
Termination benefits	1.0	—	—
Share-based compensation	7.3	11.2	11.5
Compensation expense	19.3	21.4	24.1

WITHDRAWAL OF LONG TERM OUTLOOK

In a press release dated February 7, 2023 entitled “Canada Goose Presents its Updated Strategic Growth Plan and Five-Year Financial Outlook” (the “February 2023 Press Release”), the Company released guidance relating to its 2028 fiscal year and related long-term targets. As more fully described in the earnings press release of the Company dated May 16, 2024, a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, the Company is withdrawing the long-term guidance noted above as disclosed in the February 2023 Press Release.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Our Annual Financial Statements have been prepared in accordance with IFRS as issued by the IASB. The preparation of our financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. We base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. While our material accounting policies are more fully described in the notes to our Annual Financial Statements, we believe that the following accounting policies and estimates are critical to our business operations and understanding our financial results.

The following are the accounting policies subject to judgments and key sources of estimation uncertainty that we believe could have the most material impact on the amounts recognized in the Annual Financial Statements.

Revenue recognition. Revenue comprises DTC, Wholesale, and Other segment revenues. Revenue is measured at the amount of consideration to which the Company expects to be entitled in exchange for the sale of goods in the ordinary course of the Company’s activities. Revenue is presented net of sales tax, estimated returns, sales allowances, and discounts. The Company recognizes revenue when the Company has agreed terms with its customers, the contractual rights and payment terms have been identified, the contract has commercial substance, it is probable that consideration will be collected by the Company, and when control of the goods is transferred to the customer have been met.

It is the Company’s policy to sell merchandise through the DTC segment with a limited right to return, typically within 30 days. Accumulated experience is used to estimate and provide for such returns.

Inventories. Inventories are carried at the lower of cost and net realizable value which requires us to use estimates related to fluctuations in obsolescence, shrinkage, future retail prices, seasonality and costs necessary to sell the inventory.

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We periodically review our inventories and make provisions as necessary to appropriately value obsolete or damaged raw materials and finished goods. In addition, as part of inventory valuations, we accrue for inventory shrinkage for lost or stolen items based on historical trends from actual physical inventory counts.

Leases. We exercise judgment when contracts are entered into that may give rise to a right-of-use asset that would be accounted for as a lease. Judgment is required in determining the appropriate lease term on a lease by lease basis. We consider all facts and circumstances that create an economic incentive to exercise a renewal option or to not exercise a termination option at inception and over the term of the lease, including investments in major leaseholds, operating performance, and changed circumstances. The periods covered by renewal or termination options are only included in the lease term if we are reasonably certain to exercise that option. Changes in the economic environment or changes in the retail industry may impact the assessment of the lease term.

We determine the present value of future lease payments by estimating the incremental borrowing rate specific to each leased asset or portfolio of leased assets. We determine the incremental borrowing rate of each leased asset or portfolio of leased assets by incorporating our creditworthiness, the security, term, and value of the underlying leased asset, and the economic environment in which the leased asset operates. The incremental borrowing rates are subject to change mainly due to macroeconomic changes in the environment.

Impairment of non-financial assets (goodwill, intangible assets, property, plant and equipment, and right-of-use assets). We are required to use judgment in determining the grouping of assets to identify their cash generating units (“CGU”) for the purposes of testing non-financial assets for impairment. Judgment is further required to determine appropriate groupings of CGUs for the level at which goodwill and intangible assets are tested for impairment. For the purpose of goodwill and intangible assets impairment testing, CGUs are grouped at the lowest level at which goodwill and intangible assets are monitored for internal management purposes. Judgment is also applied in allocating the carrying amount of assets to CGUs. In addition, judgment is used to determine whether a triggering event has occurred requiring an impairment test to be completed.

In determining the recoverable amount of a CGU or a group of CGUs, various estimates are employed. We determine value-in-use by using estimates including projected future revenues, earnings, working capital, and capital investment consistent with strategic plans presented to the Board of Directors of the Company. Discount rates are consistent with external industry information reflecting the risk associated with the specific cash flows.

Income and other taxes. Current and deferred income taxes are recognized in the statements of income, except when it relates to a business combination, or items recognized in equity or in other comprehensive income. Application of judgment is required regarding the classification of transactions and in assessing probable outcomes of claimed deductions including expectations about future operating results, the timing and reversal of temporary differences and possible audits of income tax and other tax filings by the tax authorities in the various jurisdictions in which the Company operates.

Warranty. The critical assumptions and estimates used in determining the warranty provision at the statement of financial position date are: the number of jackets expected to require repair or replacement; the proportion to be repaired versus replaced; the period in which the warranty claim is expected to occur; the cost of repair; the cost to replace a jacket; and the risk-free rate used to discount the provision to present value. We review our inputs to this estimate on an annual basis to ensure the provision reflects the most current information regarding our products.

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CHANGES IN ACCOUNTING POLICIES

Summary of accounting policies adopted

Standards issued and not yet adopted

Certain new standards, amendments, and interpretations to existing IFRS standards have been published but are not yet effective and have not been adopted early by the Company. Management anticipates that pronouncements will be adopted in the Company’s accounting policy for the first period beginning after the effective date of the pronouncement. Information on new standards, amendments, and interpretations is provided below.

In January 2020, the IASB issued an amendment to IAS 1, Presentation of Financial Statements (“IAS 1”) to clarify its requirements for the presentation of liabilities in the statement of financial position. The limited scope amendment affected only the presentation of liabilities in the statement of financial position and not the amount or timing of their recognition. The amendment clarified that the classification of liabilities as current or non-current is based on rights that are in existence at the end of the reporting period and specified that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability. It also introduced a definition of ‘settlement’ to make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. On October 31, 2022, the IASB issued Non-Current Liabilities with Covenants (Amendments to IAS 1). These amendments specify that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. The amendment is effective for annual reporting periods beginning on or after January 1, 2024. Earlier application is permitted, however the Company has elected not to early adopt this amendment. The Company has performed an initial assessment on the impact of the amendment and the Company expects that adoption will result in a reclassification of the non-current portion of warranty provisions to be reported as current in nature, based on the terms and conditions of the Company’s warranty program. The impact is expected to be material in the consolidated statements of financial position.

Standards issued and adopted

In February 2021, the IASB issued narrow-scope amendments to IAS 1, IFRS Practice Statement 2, Making Materiality Judgements and IAS 8, Accounting Polices, Changes in Accounting Estimates and Errors. The amendments require the disclosure of material accounting policy information rather than disclosing significant accounting policies and clarified how to distinguish changes in accounting policies from changes in accounting estimates. Beginning April 3, 2023, the Company adopted the amendments. The adoption of the amendments did not have a material impact on the Annual Financial Statements.

In May 2023, the IASB issued International Tax Reform, Pillar Two Model Rules, Amendments to IAS 12, Income Taxes (the “Amendments”). The Amendments provide the Company with an exception from recognition and disclosure requirements for deferred tax assets and liabilities arising from the OECD Pillar Two international tax reform. The mandatory temporary exception has been adopted by the Company.

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SUBSEQUENT EVENTS

Subsequent to the year ended March 31, 2024, the Company and Sazaby League amended the Joint Venture Agreement to extend the period by which the deferred contingent consideration is payable if an agreed cumulative adjusted EBIT target is not reached through the period ended June 30, 2026, to April 2, 2028.

Subsequent to the year ended March 31, 2024, the Company has terminated its trade receivables factoring program.

INTERNAL CONTROL OVER FINANCIAL REPORTING

Disclosure Controls and Procedures

Management, including the CEO and CFO, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based on that evaluation, the CEO and CFO concluded that such disclosure controls and procedures were effective as at March 31, 2024 to provide reasonable assurance that the information required to be disclosed by the Company in reports it files is recorded, processed, summarized and reported, within the appropriate time periods and is accumulated and communicated to management, as appropriate to allow timely decisions regarding required disclosure.

Management’s Annual Report on Internal Control Over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed by, or under the supervision of, the CEO and the CFO and effected by the Board of Directors, management and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards. The Company’s internal control over financial reporting includes policies and procedures that:

•Pertain to the maintenance of records that accurately and fairly reflect, in reasonable detail, the transactions and dispositions of assets of the Company;

•Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with IFRS and that the receipts and expenditures of the Company are made only in accordance with authorizations of management and directors; and

•Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the assets of the Company that could have a material effect on the consolidated financial statements.

Management of the Company, under the supervision and with the participation of the CEO and CFO, conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of March 31, 2024, using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control - Integrated Framework (2013) (“COSO 2013”). Based on evaluation performed, management concluded that, as of March 31, 2024, the Company’s internal control over financial reporting was effective.

Deloitte LLP, our independent registered public accounting firm, has audited the effectiveness of our internal control over financial reporting as of March 31, 2024.

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Limitations of Controls and Procedures

There has been no change in the Company’s internal control over financial reporting during the year ended March 31, 2024 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

Due to its inherent limitations, internal control over financial reporting may not prevent or detect all misstatements. Management's projections of any evaluation of the effectiveness of internal control over financial reporting as to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

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ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

A. Directors and Senior Management

The following table sets forth certain information relating to our directors and executive officers as of May 5, 2024. The business address for our directors and officers is c/o Canada Goose Holdings Inc., Floor 22, Queen’s Quay East, Toronto, Ontario, Canada M5E 1V3 .

Name	Age	Position
Dani Reiss	50	Chairman and Chief Executive Officer and Director
Neil Bowden	43	Chief Financial Officer
Carrie Baker	48	President, Brand and Commercial
Beth Clymer	42	President, Finance, Strategy & Administration
Matt Blonder	46	Executive Vice President and Chief Digital Officer
Daniel Binder	60	Chief Transformation Officer and Executive Vice President, Global Stores and Sales Planning & Operations
Ana Mihaljevic	43	President, North America
Juliette Streichenberger	54	President, Canada Goose International AG and Europe, Middle East and Africa
Jonathan Sinclair	62	President, Asia Pacific; former Executive Vice President and Chief Financial Officer
Jessica Johannson	51	Chief Human Resources Officer
David Forrest	44	General Counsel
Patrick Bourke	40	Senior Vice President, Corporate Development & Indirect Procurement
Paul Hubner	63	President and Chief Executive Officer, Baffin Limited
Jodi Butts	51	Director
Maureen Chiquet	61	Director
Ryan Cotton	45	Director
John Davison	65	Director
Stephen Gunn	69	Director
Michael D. Armstrong	51	Director
Belinda Wong	53	Director
Jennifer Davis	47	Director
Gary Saage	63	Director

Dani Reiss C.M., OOnt (Member of the Order of Canada and the Order of Ontario), Chairman and Chief Executive Officer and Director

Mr. Reiss joined the company in 1997 and has transformed the small outerwear manufacturer founded by his grandfather into a global performance luxury lifestyle brand, while upholding our renowned functionality and authenticity. He has worked in almost every area of the company and successfully developed our international sales channels prior to assuming the role of President and Chief Executive Officer in 2001. In March 2022, he was named Chairman and Chief Executive Officer of the company, bringing leadership and operational experience to

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Canada Goose and our board of directors. Mr. Reiss received a Bachelor of Arts from University of Toronto.

Neil Bowden, Chief Financial Officer

Mr. Bowden joined the company in June 2016 as Director of Finance and was named Vice President, Corporate Controller in September 2018, Senior Vice President, Group Finance in October 2019, Deputy Chief Financial Officer in April 2023, and Chief Financial Officer in April 2024. Prior to joining the company, his career at KPMG spanned more than a decade in both Toronto and Chicago, where he audited public companies in the Consumer Markets practice. Mr. Bowden is a Chartered Professional Accountant and holds a Bachelor of Commerce from Queen’s University.

Carrie Baker, President, Brand & Commercial

Ms. Baker joined the company in May 2012 as the Vice President of Communications and was named Chief of Staff and Senior Vice President in January 2017, Executive Vice President, Chief of Staff in April 2018, President, North America in June 2020, President in March 2022 and President, Brand & Commercial in April 2024. Prior to joining the company Ms. Baker spent 12 years at High Road Communications, a North American communications agency, from May 2000 to April 2012, serving most recently as Senior Vice President. In 2019, Ms. Baker was named WXN Top 100 Most Powerful Women Canada. She currently serves on the Board of Directors of Trillium Health Partners Foundation. Ms. Baker received a Bachelor of Arts from the University of Western Ontario.

Beth Clymer, President, Finance, Strategy & Administration

Ms. Clymer joined the company in January 2024 as President, Finance, Strategy & Administration. Ms. Clymer brings a track record as a data-driven leader and results-oriented builder to her role as President of Finance, Strategy and Administration. Ms. Clymer responsible for ensuring the critical functions of finance, human resources, legal, strategy and corporate development support and drive the business, while also providing strategic and operational counsel to the executive team. Before Canada Goose, Ms. Clymer was the Chief Financial Officer at Jobcase, a social platform for hourly and front-line workers and previously spent a decade at Bain Capital Private Equity, partnering with many high-growth consumer investments including Burlington Stores, Bob’s Discount Furniture and notably, Canada Goose. Ms. Clymer worked with Canada Goose from 2015 to 2019 – a pivotal time in its growth – and helped lead its IPO. Ms. Clymer holds an MBA from Harvard Business School and a BSE from Princeton University.

Matt Blonder, Executive Vice President and Chief Digital Officer

Mr. Blonder joined the company in March 2023 as Executive Vice President and Chief Digital Officer. Prior to joining the company, Mr. Blonder served as President of Global e-Commerce at Wolverine Worldwide from January 2021 to March 2023, where he oversaw the digital and e-Commerce strategy across the company’s portfolio of brands, and Chief Digital Officer at Reebok from August 2017 to January 2021. Prior to that, he held various e-Commerce and digital marketing leadership roles across a variety of industries, including positions at Barnes & Noble, Inc. and Toys “R” Us. He brings over 20 years of experience in e-Commerce, digital experience, marketing, merchandising, social and omnichannel to his role. Mr. Blonder received a Bachelor of Arts in Psychology, with secondary areas of emphasis in Business and Anthropology, from Washington University in St. Louis.

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Daniel Binder, Chief Transformation Officer and Executive Vice President, Global Stores and Sales Planning & Operations

Mr. Binder joined the company in March 2023 as Chief Transformation Officer and Executive Vice President, Sales Operations & Planning and was named Chief Transformation Officer and Executive Vice President, Global Stores and Sales Planning & Operations in April 2024. Prior to joining our team, Mr. Binder spent 18 years at DFS, a division of LVMH, most recently serving as President of Global Retail Planning & Allocation, Supply Chain and Digital Transformation. Prior to that, he held a number of senior roles at Macy’s. Mr. Binder brings nearly 40 years of global retail expertise to his role, leading high-performing teams with intense focus on business process, performance improvement and organizational design. Mr. Binder received a Bachelor of Science from the University of Michigan.

Ana Mihaljevic, President, North America

Ms. Mihaljevic joined the company in April 2015 as Vice President of Planning and became Vice President of Planning and Sales Operations in April 2016, Senior Vice President of Planning and Sales Operations in April 2017, Chief Commercial Officer in April 2019, President, North America and Executive Vice President, Sales Operations & Planning in March 2022, President, North America and Head of Global Stores in April 2023 and President, North America in April 2024. Prior to joining the company, Ms. Mihaljevic served as the Director of Business Planning at Marc Jacobs International, a designer apparel company and a brand in the LVMH portfolio, from March 2013 to March 2015, the Director of Sales and Planning at Jones Apparel Group, a women’s apparel company, from May 2011 to March 2013, and as an Account Executive at Ralph Lauren from April 2008 to May 2011. Ms. Mihaljevic received a Bachelor in Commerce (Honours) from Queen’s University.

Juliette Streichenberger, President, Canada Goose International AG and Europe, the Middle East and Africa

Ms. Streichenberger joined the Company in 2023 with almost 30 years of global luxury experience. Prior to joining the company, Ms. Streichenberger previously served as the Managing Director for Hermès Europe and held senior leadership roles with various luxury brands across the United States, United Kingdom, Switzerland and Europe. Ms. Streichenberger is known for her empowering leadership, achievements in commercial expansion and driving remarkable growth for globally renowned organizations. She is responsible for all our operations in EMEA, bringing the brand’s vision and values to life across the region. Ms. Streichenberger received a Master’s Degree in Economics & Finance from SciencesPo and a Bachelor of Arts in Philosophy and History from Paris Nanterre University.

Jonathan Sinclair, President, Asia Pacific

Mr. Sinclair joined the company in June 2018 as Executive Vice President and Chief Financial Officer. In April 2024, Mr. Sinclair stepped down as Chief Financial Officer and assumed the position of President, Asia Pacific. Prior to joining the company, Mr. Sinclair served as Chief Financial Officer and Executive Vice President of Business Operations at Jimmy Choo PLC from June 2014 to May 2018, Chief Operating Officer at Vertu from June 2013 to June 2014, Chief Operating Officer at Jimmy Choo from December 2008 to May 2013, and Group Finance Director at Pentland Brands Plc from November 2003 to December 2008. He brings more than 25 years of global financial and operational experience to his role. Mr. Sinclair received a Bachelor of Arts from Loughborough University of Technology.

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Jessica Johannson, Chief Human Resources Officer

Ms. Johannson joined the company in November 2022 as Chief Human Resources Officer. Prior to joining our team, she served as the Chief People Officer at Tucows Inc., an Internet services and telecommunications company, from May 2019 to October 2022 and Vice President, People from January 2017 to April 2019. Prior to that, Ms. Johannson served in progressively senior human resources roles across a wide range of industries at companies such as Capgemini Canada Inc., Brookfield Renewable Energy Group and Johnson Controls. Ms. Johannson received a Bachelor of Commerce from the Asper School of Business at the University of Manitoba, with a double major in Human Resources and Marketing.

David Forrest, General Counsel

Mr. Forrest joined the company in May 2014 as Director, Legal and was named Senior Director, Legal in May 2015, Vice President, Legal in October 2016, Senior Vice President, General Counsel in April 2017 and General Counsel in March 2022. Prior to joining the company, Mr. Forrest served as the General Counsel and Corporate Secretary of Thomas Cook North America from May 2012 to May 2014, prior to which he practiced law at Osler, Hoskin & Harcourt LLP, from August 2006 until May 2012. Mr. Forrest received a Bachelor of Laws (with distinction) from Western University in 2006 and a Honours Bachelor of Arts, Applied Economics from Queen’s University in 2002.

Patrick Bourke, Senior Vice President, Corporate Development & Indirect Procurement

Mr. Bourke joined the company in October 2017 as Senior Director, Strategy and was named Vice President, Strategy & Investor Relations in April 2020 and Senior Vice President, Strategy & Corporate Development in April 2023. Prior to joining the company, Mr. Bourke spent 10 years in the investment banking industry, where he advised on equity, debt and M&A transactions for corporate and private equity clients. Mr. Bourke received a Bachelor of Arts, Business Administration (Honors) from Ivey Business School at Western University and a Masters of Science, Corporate Finance from the Stockholm School of Economics.

Paul Hubner, President and Chief Executive Officer, Baffin Limited

Mr. Hubner is the founder of Baffin, an industry-leading designer and manufacturer of performance outdoor and industrial footwear, and currently serves as President and Chief Executive Officer. With more than 30 years of footwear construction and design expertise and senior management experience, he has led the expansion and growth of the brand since 1997. Prior to founding Baffin, Mr. Hubner worked at Deloitte as a Certified Management Accountant. He graduated from McMaster University with a Bachelor of Commerce Degree.

Jodi Butts, Director

Ms. Butts has served as a member of our board of directors since November 2017. She is currently a Partner at WATSON Advisors Inc. and serves as a board member of Tilray Inc., Dot Health Inc., and chairs the board of directors of Pharmala Inc. and The Walrus Foundation. She also holds several board advisory roles, including with Bayshore Home Healthcare and the Canadian Centre for the Purpose of the Corporation. She received a Bachelor of Laws from the University of Toronto where she also received her Master of Arts in Canadian History.

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Maureen Chiquet, Director

Ms. Chiquet has served as a member of our board of directors since August 2017. Ms. Chiquet began her career in marketing at L’Oreal Paris in 1985, started working at The Gap in 1988, where she helped launch and build the Old Navy brand, and served as President of Banana Republic in 2002 prior to becoming Chief Operating Officer and President of U.S. Operations of Chanel in 2003. In 2007, Ms. Chiquet became Chanel’s first Global Chief Executive Officer. She left Chanel in 2016. Ms. Chiquet served as a Trustee to the New York Academy of Art. Ms. Chiquet also served as a Trustee to the Yale Corporation and was a fellow of Yale University, where she received a Bachelor of Arts in literature. She serves as the chairwoman of the board of Golden Goose as well as on the board of directors of Kering, and previously served on the board of directors of Credo and as a non-executive director of the board of MatchesFashion. Ms. Chiquet provides strong executive, product, marketing and business operations skills to the board of directors.

Ryan Cotton, Director

Mr. Cotton has served as a member of our board of directors since December 2013. He joined Bain Capital in 2003, and is currently a partner and Head of Bain Capital Real Estate. Prior to joining Bain Capital, Mr. Cotton was a consultant at Bain & Company from 2001 to 2003. Mr. Cotton serves as a director of Maesa, Varsity Brands, Virgin Australia, and City Year New York. He previously served as a member of the board of directors of Virgin Voyages, Blue Nile, Advantage Solutions, Inc., Apple Leisure Group, International Market Centers, Inc., Daymon Worldwide, TOMS Shoes, Sundial Brands and The Michaels Companies, Inc. Mr. Cotton received a bachelor’s degree from Princeton University and a Master of Business Administration from the Stanford Graduate School of Business. Mr. Cotton provides strong executive and business operations skills to our board of directors and valuable experience gained from previous and current board service.

John Davison, Director

Mr. Davison has served as a member of our board of directors since May 2017. Mr. Davison was most recently the President and Chief Executive Officer of Four Seasons Holdings Inc. (“Four Seasons”) from 2019 to 2022, the luxury hotel and resort management company, where he oversaw all aspects of the company’s global portfolio of hotels, resorts and branded residences. Initially joining Four Seasons as Senior Vice President, Project Financing in 2002, Mr. Davison later served as Executive Vice President and Chief Financial Officer from 2005 to 2019. Prior to joining Four Seasons, Mr. Davison spent four years as a member of the Audit and Business Investigations Practices at KPMG in Toronto, followed by 14 years at IMAX Corporation from 1987 to 2001, ultimately holding the position of President, Chief Operating Officer and Chief Financial Officer. Currently he also serves on the boards of IMAX China Holding, Inc., Four Seasons and FreshBooks. Mr. Davison has been a Chartered Professional Accountant since 1986, and a Chartered Business Valuator since 1988. He received a Bachelor of Commerce from the University of Toronto. Mr. Davison provides strong executive and business operations skills to our board of directors.

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Stephen Gunn, Director

Mr. Gunn has served as a member of our board of directors since February 2017. He previously served as a Co-Chair of Sleep Country Canada Inc. (“Sleep Country”). He co-founded Sleep Country in 1994 and served as its Chair and Chief Executive Officer from 1997 to 2014. Prior to founding Sleep Country, Mr. Gunn was a management consultant with McKinsey & Company from 1981 to 1987 and then co-founded and was President of Kenrick Capital, a private equity firm. Mr. Gunn serves as the Chair of the board of directors of Dollarama Inc. Mr. Gunn previously served as a member of the board of directors of Recipe Unlimited Corporation (formerly Cara Operations Limited) from 2013 to 2022 and Golf Town Canada Inc. from 2008 to 2019. He received a Bachelor of Electrical Engineering from Queen’s University and a Master of Business Administration from the University of Western Ontario. Mr. Gunn provides strong executive and business operations skills to our board of directors and valuable experience gained from previous and current board service.

Michael D. Armstrong, Director

Mr. Armstrong has served as a member of our board of directors since January 2021. He is a global media expert as well as a business development and operations executive. He was formerly the Executive Vice President, Worldwide Television Licensing & Operations at ViacomCBS, Global Distribution Group, and spent most of his career developing and launching revenue generating brands around the world. Mr. Armstrong previously served as General Manager of BET Networks, and was Executive Vice President and General Manager, Revenue and Emerging Brands at Viacom International Media Networks. He is on the board of the Greater Los Angeles Zoo Association and INSPIRATO, and is a member of the Board of Trustees at his alma mater Hampton University. In addition, Mr. Armstrong is a member of the Advisory Board of the Los Angeles Kings and previously served as an ambassador for the LA Opera. He previously chaired the boards of Dance Theatre of Harlem and the National Association for Multi-Ethnicity in Communications (NAMIC). He is also a member of the International Academy of Television Arts & Sciences and received an MBA at the University of Chicago Booth School of Business. Mr. Armstrong provides strong executive and business operations skills to our board of directors.

Belinda Wong, Director

Ms. Wong has served as a member of our board of directors since March 2022. She is currently the Chairwoman and Chief Executive Officer of Starbucks China, where she is responsible for delivering a holistic, long-term strategy for Starbucks China. She is also a member of the Starbucks global executive leadership team, contributing more than 20 years of field knowledge and leadership in the Asia Pacific region. She serves as an Independent Non-Executive Director for Hysan Development Company and Television Broadcasts Limited. Ms. Wong also serves on the Faculty Advisory Board for her alma mater, the University of British Columbia’s Sauder School of Business, where she received a Bachelor of Commerce degree with a major in finance. Ms. Wong provides strong international expansion and growth, as well as executive and business operation skills to our board of directors.

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Jennifer Davis, Director

Ms. Davis is a partner in Bain Capital’s North American Private Equity team, where she helps lead the firm’s investments in the consumer and retail sectors. Prior to joining Bain Capital in 2022, Ms. Davis spent 19 years at Goldman Sachs and was a partner in Consumer/Retail Investment Banking where she served as Head of Retail Investment Banking and Head of Consumer/Retail Client Coverage. Ms. Davis is a member of the Board of Directors of Bob’s Discount Furniture and The Opportunity Network, an education-focused non-profit focused on increasing opportunity and access for potential students from historically underrepresented communities, and is also a member of the Board of Trustees of Cornell University. Ms. Davis holds an MBA from the Harvard Business School and a BS from Cornell University.

Gary Saage, Director

Mr. Saage is a financial executive with over 35 years of relevant experience. After four years with Coopers & Lybrand in New York, Mr. Saage joined Cartier in 1988 ultimately holding the Chief Operating Officer position until 2001. After four years in London working for Alfred Dunhill Limited as Chief Operating Officer he moved to Geneva, taking up the role of Group Chief Financial Officer for Compagnie Financiere Richemont. Mr. Saage has served on the Board of Directors for Richemont, Peter Millar, Net-A-Porter and Yoox Net a Porter. Gary is a Certified Public Accountant and earned his Bachelor of Science in Accounting from Fairleigh Dickinson University.

B. Compensation

Board of Director Compensation

Only the company’s directors who are not related to our significant shareholders (referred to herein as the “external directors”), being Mses. Chiquet, Butts and Wong and Messrs. Armstrong, Davison, Gunn and Saage received compensation in respect of fiscal 2024 for their service on our board of directors. Messrs. Reiss and Cotton and Ms. Davis do not receive any compensation as directors of the company. Mr. Reiss’ compensation for serving as Chairman and Chief Executive Officer is included with that of the other named executive officers. Canada Goose does not compensate representatives of Bain Capital for their service on our board. The following table sets forth information concerning the compensation paid by the company to Mses. Chiquet, Butts and Wong and Messrs. Davison, Armstrong, Gunn and Saage in respect of fiscal 2024:

Name	Fees Earned or Paid in Cash ($)(1)	Stock Awards ($)(2)	Option Awards ($)(3)	All other compensation ($)(4)	Total ($)
John Davison	149,851	101,948	100,658	—	352,457
Stephen Gunn	134,867	101,948	100,658	—	337,473
Maureen Chiquet	124,974	109,598	108,198	337,168	679,938
Jodi Butts	138,239	104,484	103,171	—	345,894
Michael D. Armstrong	138,239	104,484	103,171	—	345,894
Belinda Wong	101,150	76,461	75,483	—	253,094
Gary Saage	64,456	37,497	36,654	—	138,607

(1)    Compensation paid in U.S. dollars converted at an exchange rate of US$1.00 to $1.39 which is an average rate determined in accordance with the company's policies based on exchange rates available as at the applicable payment dates for the fiscal year.

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(2)    Amount shown reflects the grant date fair value of restricted share unit (“RSU”) and performance share unit (“PSU”) awards granted to Messrs. Davison, Gunn, Saage and Armstrong and Mses. Chiquet, Butts and Wong in fiscal 2024. The value was determined in accordance with IFRS 2 “Share-based Payment”.

(3)    Amount shown reflects the grant date fair value of options to purchase subordinate voting shares granted to Messrs. Davison, Gunn, Saage and Armstrong and Mses. Chiquet, Butts and Wong in fiscal 2024. The value was determined in accordance with IFRS 2 “Share-based Payment”.

(4)    Amounts under “All other compensation” paid in U.S. dollars converted at the same exchange rate of USD1.00 to $1.39. Amount shown reflects compensation awarded to Ms. Chiquet in fiscal 2024 pursuant to her consulting agreement with the Company, dated April 24, 2023.

As compensation for service on our board of directors, the Company pays each of its external directors US$75,000 per year (the “Board Retainer”). In addition, external directors who serve as members of committees of our board of directors are paid an additional US$12,500 per year for their committee service. Mr. Armstrong is paid US$15,000 per year for his service as the Chair of the Environmental and Social Committee. Mr. Davison is paid US$25,000 per year for his service as the Chair of the Audit Committee. Ms. Butts is paid US$15,000 per year for her service as the Chair of the Nominating & Governance Committee. Mr. Davison, who as Lead Director of our board of directors is paid US$20,000 per year for his service as Lead Director.

On May 29, 2023, (i) each of Messrs. Davison, and Gunn was granted an award of 4,526 options to purchase our subordinate voting shares (“Options”) under the Omnibus Plan; (ii) each of Mr. Armstrong and Mses. Butts was granted an award of 4,639 Options under the Omnibus Plan; (iii) Ms. Chiquet was granted an award of 4,865 Options under the Omnibus Plan; and (iv) Ms. Wong was granted an award of 3,394 Options under the Omnibus Plan. On November 10, 2023, Mr. Saage was granted an award of 2,565 Options under the Omnibus Plan. The Options are subject to time-based vesting of one-fourth on each of the first, second, third and fourth anniversaries of the grant date. The Options have an exercise price of $22.24 per share and expire on May 29, 2023.

On May 29, 2023, (i) each of Messrs. Davison and Gunn was granted an award of 1,528 RSUs under the Omnibus Plan; (ii) each of Mr. Armstrong and Mses. Butts was granted an award of 1,566 RSUs under the Omnibus Plan; (iii) Ms. Chiquet was granted an award of 1,643 RSUs under the Omnibus Plan; and (iv) Ms. Wong was granted an award of 1,146 RSUs under the Omnibus Plan. On November 10, 2023, Mr. Saage was granted an award of 875 RSUs under the Omnibus Plan. The RSUs are subject to time-based vesting of one-third on each of the first, second and third anniversaries of the grant date.

On May 29, 2023, (i) each of Messrs. Davison and Gunn was granted an award of 3,056 PSUs under the Omnibus Plan; (ii) each of Mr. Armstrong and Mses. Butts was granted an award of 3,132 RSUs under the Omnibus Plan; (iii) Ms. Chiquet was granted an award of 3,285 PSUs under the Omnibus Plan; and (iv) Ms. Wong was granted an award of 2,292 PSUs under the Omnibus Plan. On November 10, 2023, Mr. Saage was granted an award of 1,749 PSUs under the Omnibus Plan. The PSUs vest on the third anniversary of the award date and are earned only if certain performance targets are achieved. Shares underlying the PSUs at the vesting determination date can decrease or increase if minimum or maximum performance targets are achieved ranging from 0% to 200% of the PSU award granted.

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Executive Compensation

Components of Executive Compensation

Each year, the compensation committee of our board of directors is responsible for determining our executive compensation framework, which consisted of the following elements for fiscal 2024: (i) base salary; (ii) annual bonus; (iii) equity-based long-term incentives; and (iv) employee benefits and other compensation.

Named Executive Officers

The following tables and discussion relate to the compensation paid to or earned by our Chairman and Chief Executive Officer, Dani Reiss; our former Executive Vice President and Chief Financial Officer (and current President, Asia Pacific), Jonathan Sinclair; and our three most highly compensated executive officers (other than Messrs. Reiss and Sinclair) who were serving as executive officers on March 31, 2024, being the last day of fiscal 2024. They are Beth Clymer, our President, Finance, Strategy, Administration and Operations; Matthew Blonder, our Executive Vice President and Chief Digital Officer; and Daniel Binder, Chief Transformation Officer and Executive Vice President, Sales Operations & Planning. Messrs. Reiss, Sinclair, Blonder, and Binder and Ms. Clymer are referred to collectively in this Annual Report as our “named executive officers”. After fiscal 2024, the Company announced changes to its leadership team in order to align management with its recently unveiled five-year strategic growth plan. As a result of such changes, Mr. Sinclair stepped down as Executive Vice President and Chief Financial Officer and assumed the role of President, Asia Pacific.

The following table sets forth information about certain compensation awarded to, earned by, or paid to our named executive officers in respect of fiscal 2024:

Name and principal position	Salary ($)(1)	Bonus ($)(2)	Stock awards ($)(3)	Option awards ($)(4)	All other compensation ($)(5)	Total compensation ($)
Dani Reiss, Chairman and Chief Executive Officer	1,377,000	—	4,130,991	1,377,001	82,431	6,967,423
Jonathan Sinclair, Executive Vice President and Chief Financial Officer(6)	801,431	—	595,432	198,482	188,286	1,783,631
Beth Clymer, President, Finance, Strategy and Administration(7)	155,616	—	1,009,413	3,028,230	7,387	4,200,646
Matt Blonder, Executive Vice President and Chief Digital Officer(8)	683,785	—	509,741	169,913	518,710	1,882,149
Daniel Binder, Chief Transformation Officer and Executive Vice President, Sales Operations & Planning(7)	674,337	—	407,793	135,930	63,007	1,281,067

(1)Amounts shown reflect the salaries earned by the named executive officers in fiscal 2024.

(2)No bonuses were earned by Messrs. Reiss, Sinclair, Blonder, and Binder and Ms. Clymer in respect of fiscal 2024 (see “Bonus” below).

(3)Amounts shown reflect the grant date fair value of RSU and PSU awards granted to Messrs. Reiss, Sinclair, Blonder, and Binder and RSU awards granted to Ms. Clymer in

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fiscal 2024. The value was determined in accordance with IFRS 2 “Share-based Payment”.

(4)Amounts shown reflect the grant date fair value of Options granted to Messrs. Reiss, Sinclair, Blonder, and Binder and Ms. Clymer in fiscal 2024. The values were determined in accordance with IFRS 2 “Share-based Payment”.

(5)For more detail on the amounts included in this column, see “All Other Compensation - Benefits and Perquisites” below.

(6)Salary paid in pounds sterling converted at an exchange rate of GBP1.00 to $1.70 which is an average rate determined in accordance with the company’s policies based on exchange rates available as at the applicable payment dates for the fiscal year.

(7)Salary paid in U.S. dollars converted at an exchange rate of USD1.00 to $1.39 which is an average rate determined in accordance with the company's policies based on exchange rates available as at the applicable payment dates for the fiscal year. Certain amounts under “All other compensation” paid in U.S. dollars converted at the same exchange rate of USD1.00 to $1.39.

(8)A portion of Mr. Blonder’s salary was paid in U.S. dollars and the salary paid in U.S. dollars converted at an exchange rate of USD1.00 to $1.39 which is an average rate determined in accordance with the company's policies based on exchange rates available as at the applicable payment dates for the fiscal year. Certain amounts under “All other compensation” paid in U.S. dollars converted at the same exchange rate of USD1.00 to $1.39.

Base Salary

Base salaries provide our named executive officers with a fixed amount of compensation each year. Base salary levels are established based on a range of factors, including peer company compensation, the executive’s role, responsibilities and prior experience and the overall market demand for the executive. During Fiscal 2024, Mr. Reiss’ annual base salary was $1,377,000, Mr. Sinclair’s annual base salary was GBP472,770, Ms. Clymer’s annual base salary was USD$500,000, Mr. Blonder’s annual base salary was $670,000, and Mr. Binder’s annual base salary was USD$500,000.

Bonus

Each named executive officer is eligible to receive an annual bonus pursuant to his or her employment agreement and in accordance with the bonus plan of the Company. As reflected in the compensation table above, none of the named executive officers received bonuses in fiscal 2024 as a result of the Company not achieving its applicable EBIT targets for fiscal 2024.

For fiscal 2024, Mr. Reiss was eligible to earn a target annual bonus equal to 150% of his base salary (“Reiss Bonus Target”), based on achievement of the fiscal 2024 global EBIT target (the “Global EBIT Target”). The payout of Mr. Reiss’s bonus is eligible to be earned at 100% of the Reiss Bonus Target upon achievement of 100% of Global EBIT Target. Achievement of EBIT above 100% of the Global EBIT Target would have resulted in Mr. Reiss’s bonus being earned at 100% of the Reiss Bonus Target plus 8% of the Reiss Bonus Target for each 1% over the Global EBIT Target.

Messrs. Sinclair, Blonder and Binder were eligible to earn annual bonuses for fiscal 2024 targeted at 45% (in respect of Messrs. Sinclair and Blonder) or 40% (in respect of Mr. Binder) of

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their respective annual base salary. Ms. Clymer was not eligible to earn an annual bonus for fiscal 2024. For Messrs. Sinclair, Blonder and Binder, target EBIT for purposes of our fiscal 2024 annual bonus plan was determined the same as for Mr. Reiss (being the Global EBIT Target). Achievement above the Global EBIT Target can result in bonus being earned above 100% of target annual bonus. Achievement of EBIT above 100% of the Global EBIT Target would have resulted in each of Messrs. Sinclair, Blonder and Binder’s bonus being earned at 100% of target, plus 4% of target for each 1% over the Global EBIT Target.

Executive Employment Agreements

We have entered into an employment agreement with each of our named executive officers. The material terms of the agreements are as follows.

Compensation and Bonus Opportunities

Under his amended and restated employment agreement, effective March 9, 2017, Mr. Reiss is entitled to an annual base salary of $1,000,000, subject to annual review. Mr. Reiss is also eligible for an annual incentive bonus, which was originally targeted at 75% of his annual base salary under his employment agreement, and which was subsequently increased to 150% of his annual base salary. The employment agreement also provides for an annual equity grant to Mr. Reiss under our long-term equity incentive plan, equal to 400% of his annual base salary.

Under his employment agreement, effective August 13, 2021, Mr. Sinclair is entitled to an annual base salary of GBP450,000, subject to annual review. Mr. Sinclair is also eligible for an annual incentive bonus targeted at 45% of his annual base salary. Mr. Sinclair’s employment agreement also provides for an annual equity grant to Mr. Sinclair under our long-term equity incentive plan, equal to 100% of his annual base salary. In connection with Mr. Sinclair’s overseas assignment, Mr. Sinclair’s employment agreement further provides for certain benefits and perquisites, as described below under “All Other Compensation - Benefits and Perquisites”.

Under her employment agreement, effective December 19, 2023, Ms. Clymer is entitled to an annual base salary of USD$500,000, subject to annual review. The employment agreement also provided for a signing bonus in the form of a grant of stock options with a 10 year term, valued at USD$2,250,000 and vesting in four equal annual installments and a grant of restricted stock units valued at USD$750,000 and vesting over five annual installments. Ms. Clymer is also eligible for an annual incentive bonus targeted at 65% of her annual base salary. Ms. Clymer’s employment agreement also provides for an annual equity grant to Ms. Clymer under our long-term equity incentive plan, equal to 125% of her annual base salary. In connection with Ms. Clymer’s residency in the United States, Ms. Clymer’s employment agreement entitles her to housing allowances and tax gross-ups related to such allowances. The employment agreement further provides for certain benefits and perquisites, as described below under “All Other Compensation - Benefits and Perquisites”.

Under his employment agreement, effective January 3, 2023, Mr. Blonder is entitled to an annual base salary of $670,000, subject to annual review. Mr. Blonder is also eligible for an annual incentive bonus targeted at 45% of his annual base salary. The employment agreement also provided for a signing bonus in the form of a cash amount of USD$600,000, less applicable withholdings, paid to Mr. Blonder on his start date. Mr. Blonder’s employment agreement also provides for an annual equity grant to Mr. Blonder under our long-term equity incentive plan, equal to 100% of his annual base salary. The employment agreement further provides for certain benefits and perquisites, as described below under “All Other Compensation - Benefits and Perquisites”.

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Under his employment agreement, effective March 1, 2023, Mr. Binder is entitled to an annual base salary of USD$500,000, subject to annual review. Mr. Binder is also eligible for an annual incentive bonus targeted at 40% of his annual base salary. The employment agreement also provided for a signing bonus in the form of a cash amount of USD$175,000, less applicable withholdings, paid to Mr. Binder on his start date. Mr. Binder’s employment agreement also provides for an annual equity grant to Mr. Binder under our long-term equity incentive plan, equal to 80% of his annual base salary. The employment agreement further provides for certain benefits and perquisites, as described below under “All Other Compensation - Benefits and Perquisites”.

Severance

If Mr. Reiss’s employment were terminated by us without cause or he resigned for good reason, he would be entitled to (i) a severance amount representing two times his annual base salary plus two times the average amount of the annual bonus earned by Mr. Reiss in the two complete fiscal years preceding the date of his termination of employment, (ii) a pro rata bonus amount for the year in which the termination occurs, based on the actual bonus amount paid in the prior year and (iii) continued participation in our benefit plans for a period of 24 months following the date of termination of employment.

If Mr. Sinclair’s employment were terminated by us without cause, he would be entitled to 12 months’ notice, or pay in lieu of notice and benefit continuation for 12 months following such termination of employment.

If Ms. Clymer’s employment were terminated by us without cause, she would be entitled to (i) 12 months’ notice, or pay in lieu of notice, (ii) continued vesting of all outstanding unvested time-based equity awards held as at the date of termination scheduled to vest during such 12 month period, (iii) a pro rata bonus amount for the year in which the termination occurs and (iv) benefit continuation for 12 months following such termination of employment.

If Mr. Blonder’s employment were terminated by us without cause, he would be entitled to six months’ notice, or pay in lieu of notice and benefit continuation for six months following such termination of employment.

If Mr. Binder’s employment were terminated by us without cause, he would be entitled to six months’ notice, or pay in lieu of notice and benefit continuation for six months following such termination of employment.

Equity-Based Compensation

On May 29, 2023, Messrs. Reiss, Sinclair, Blonder and Binder were granted 183,397, 26,435, 22,630, and 18,104 Options, respectively. One-fourth of each Option award will vest on each of May 29, 2024, May 29, 2025, May 29, 2026 and May 29, 2027, subject to the executive’s continued employment with us through the applicable vesting date.

On February 12, 2024, Ms. Clymer was granted 519,884 Options. One-fourth of this Option award will vest on each of February 12, 2025, February 12, 2026, February 12, 2027 and February 12, 2028, subject to her continued employment with us through the applicable vesting date.

On May 29, 2023, Messrs. Reiss, Sinclair, Blonder and Binder were granted 61,915, 8,924, 7,640, and 6,112 RSUs, respectively. One-third of these RSUs vest on each of May 29, 2024, May 29, 2025 and May 29, 2026, subject to the executive’s continued employment with us through the applicable vesting date.

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On February 12, 2024, Ms. Clymer was granted 62,271 RSUs. One-fifth of these RSUs vest on each of February 12, 2025, February 12, 2026 and February 12, 2027 and two-fifths vest on December 15, 2027, subject to her continued employment with us through the applicable vesting date.

On May 29, 2023, Messrs. Reiss, Sinclair, Blonder and Binder were granted 123,831, 17,849, 15,280 and 12,224 PSUs, respectively. The PSUs vest on the third anniversary of the award date and are earned only if certain performance targets are achieved. Shares underlying the PSUs at the vesting determination date can decrease or increase if minimum or maximum performance targets are achieved ranging from 0% to 200% of the PSU award granted.

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The following table sets forth information regarding equity awards held by our named executive officers as of March 31, 2024:

Name	Number of securities underlying unexercised options (#) exercisable	Number of securities underlying unexercised options (#) unexercisable	Equity incentive plan awards: Number of securities underlying unexercised options unearned (#)	Option exercise price ($)	Option expiration date	Number of shares of stock that have not vested (#)	Market value of shares of stock that have not vested ($)
Dani Reiss(1)(2)	72,297	—	—	83.53	6/26/2028	—	—
	191,319	—	—	63.03	4/3/2029	—	—
	175,044	87,522	—	33.97	6/12/2030	—	—
	187,500	62,500	—	50.00	6/12/2030	—	—
	128,452	128,453	—	48.93	6/2/2031	—	—
	128,889	386,670	—	24.64	5/31/2032	—	—
	—	183,397	—	22.24	5/31/2033	—	—
	—	—	—	—	—	21,342	348,515
	—	—	—	—	—	36,528	596,502
	—	—	—	—	—	123,831	2,022,160
	—	—	—	—	—	61,915	1,011,072
Jonathan Sinclair(3)(4)	35,396	—	—	83.53	6/26/2028	—	—
	31,975	—	—	63.03	4/3/2029	—	—
	38,487	17,677	—	33.97	6/12/2030	—	—
	20,338	20,339	—	48.93	6/2/2031	—	—
	17,718	53,156	—	24.64	5/31/2032	—	—
	—	26,435	—	22.24	5/31/2033	—	—
	—	—	—	—	—	2,558	41,772
	—	—	—	—	—	5,022	82,009
	—	—	—	—	—	17,849	291,474
	—	—	—	—	—	8,924	145,729
Beth Clymer5)(6)	—	519,884	—	16.21	2/12/2034	—	—
	—	—	—	—	—	62,271	1,016,885
Matt Blonder(7)(8)	—	22,630	—	22.24	5/31/2033	—	—
	—	—	—	—	—	15,280	249,522
	—	—	—	—	—	7,640	124,761
Daniel Binder(9)(10)	—	18,104	—	22.24	5/31/2033	—	—
	—	—	—	—	—	12,224	199,618
	—	—	—	—	—	6,112	99,809

(1)Mr. Reiss was granted 105,263 Options on June 1, 2017, 72,297 Options on June 26, 2018, 191,319 Options on April 3, 2019, 600,088 options on June 12, 2020, 256,905 Options on June 2, 2021, 515,559 Options on May 31, 2022 and 183,397 Options on May 29, 2023. His Options are subject to time-based vesting of one-fourth on each of the first, second, third and fourth anniversaries of the respective grant dates.

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(2)Mr. Reiss was granted 31,680 RSUs on June 12, 2020, 64,025 RSUs on June 2, 2021, 54,791 RSUs on May 31, 2022 and 61,915 RSUs on May 29, 2023. His RSUs are subject to time-based vesting of one-third on each of the first, second and third anniversaries of the grant date. The market value of Mr. Reiss’ RSUs was calculated by multiplying the number of RSUs subject to his award by $16.33 which was the closing price of our subordinate voting shares on the TSX on March 28, 2024, the last trading day of fiscal 2024.

(3)Mr. Sinclair was granted 35,396 Options on June 26, 2018, 31,975 Options on April 3, 2019, 70,706 Options on June 12, 2020, 40,677 Options on June 2, 2021, 70,874 Options on May 31, 2022 and 26,435 Options on May 29, 2023. His Options are subject to time-based vesting of one-fourth on each of the first, second, third and fourth anniversaries of the grant date.

(4)Mr. Sinclair was granted 10,650 RSUs on July 5, 2018, 5,733 RSUs on June 12, 2020, 7,674 RSUs on June 2, 2021, 7,532 RSUs on May 31, 2022 and 8,924 RSUs on May 29, 2023. His RSUs are subject to time-based vesting of one-third on each of the first, second and third anniversaries of the grant date. The market value of Mr. Sinclair’s RSUs was calculated by multiplying the number of RSUs subject to his award by $16.33, which was the closing price of our subordinate voting shares on the TSX on March 28, 2024, the last trading day of fiscal 2024.

(5)Ms. Clymer was granted 519,884 Options on February 12, 2024. These Options are subject to time-based vesting of one-fourth on each of the first, second, third and fourth anniversaries of the grant date.

(6)Ms. Clymer was granted 62,271 RSUs on February 12, 2024. Her RSUs are subject to time-based vesting of one-fifth on each of the first, second and third anniversaries of the grant date and two-fifths on December 15, 2027. The market value of Ms. Clymer’s RSUs was calculated by multiplying the number of RSUs subject to her award by $16.33 which was the closing price of our subordinate voting shares on the TSX on March 28, 2024, the last trading day of fiscal 2024.

(7)Mr. Blonder was granted 22,630 Options on May 29, 2023. These Options are subject to time-based vesting of one-fourth on each of the first, second, third and fourth anniversaries of the grant date.

(8)Mr. Blonder was granted 7,640 RSUs on May 29, 2023. His RSUs are subject to time-based vesting of one-third on each of the first, second and third anniversaries of the grant date. The market value of Mr. Blonder’s RSUs was calculated by multiplying the number of RSUs subject to his award by $16.33 which was the closing price of our subordinate voting shares on the TSX on March 28, 2024, the last trading day of fiscal 2024.

(9)Mr. Binder was granted 18,104 Options on May 29, 2023. These Options are subject to time-based vesting of one-fourth on each of the first, second, third and fourth anniversaries of the grant date.

(10)Mr. Binder was granted 6,112 RSUs on May 29, 2023. His RSUs are subject to time-based vesting of one-third on each of the first, second and third anniversaries of the grant date. The market value of Mr. Binder’s RSUs was calculated by multiplying the number of RSUs subject to his award by $16.33 which was the closing price of our

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subordinate voting shares on the TSX on March 28, 2024, the last trading day of fiscal 2024.

All Other Compensation - Benefits and Perquisites

Our full-time employees, including our named executive officers, are eligible to participate in our health and welfare benefit plans, which include medical, dental, vision, basic and dependent life, supplemental life, accidental death, dismemberment and specific loss, long-term disability, and optional critical illness insurance. Employees are also eligible to receive continuing education support and to participate in our employee purchase program, which allows employees to purchase a specified number of jackets and accessories at 75% of the manufacturer’s suggested retail price. Our named executive officers participate in these plans on a slightly better basis than other salaried employees, including in some instances with slightly lower deductibles, better cost-sharing rates and the ability to purchase supplemental health coverage. Our named executive officers are also entitled to complimentary jackets each calendar year.

Our named executive officers received additional benefits and perquisites pursuant to the terms of their employment with us, including for Mr. Sinclair with respect to benefits and perquisites related to his overseas assignment. In fiscal 2024, (1) each of our named executive officers received company-paid personal insurance premiums, and Messrs. Reiss, Sinclair, Blonder and Binder and Ms. Clymer also received supplemental health coverage; (2) each of our named executive officers received complimentary jackets and/or other Canada Goose products; (3) Mr. Sinclair received housing allowances and tax gross-ups related to such allowances; and (4) Mr. Reiss received board retainer fees for his service as director of Canada Goose International AG.

Retirement Plans

In fiscal 2024, none of our named executive officers participated in the Group Retirement Savings Plan for the Employees of Canada Goose Inc. (referred to as the RSP), a broad-based registered defined contribution plan offered to all of our full-time Canada-based employees. In fiscal 2024, we did not make any contributions to the Deferred Profit Sharing Plan for the Employees of Canada Goose Inc. on behalf of our named executive officers and we did not otherwise set aside or accrue any amounts for pension, retirement or similar benefits for our named executive officers pursuant to retirement plans sponsored by the company. We do not sponsor or maintain any qualified or non-qualified defined benefit plans or supplemental executive retirement plans.

C. Board Practices

Composition of our Board of Directors

Under our articles, our board of directors consists of a number of directors as determined from time to time by the directors. Our board of directors is currently comprised of 10 directors. Our articles provide that a director may be removed with or without cause by a resolution passed by a special majority comprised of 66 2⁄3% of the votes cast by shareholders present in person or by proxy at a meeting and who are entitled to vote. The directors are elected by the shareholders at each annual general meeting of shareholders, and all directors hold office for a term expiring at the close of the next annual shareholders meeting or until their respective successors are elected or appointed. Our board of directors is led by Dani Reiss, as Chairman. Mr. Reiss is not considered to be an independent director as he is also our Chief Executive Officer. Ms. Chiquet is not considered to be an independent director as she entered into a consulting agreement with

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the Company on April 24, 2023, whereby she received compensation in excess of $75,000 per year for consultancy services to the Company and its management. The Chairman and Chief Executive Officer responsibility is, among other things, to effectively manage the affairs of the board of directors in accordance with corporate governance guidelines. The Chairman and Chief Executive Officer is also responsible for the general direction and management of the business and affairs of the company within the authority limitations delegated by the board of directors, focused on meeting the corporate goals and objectives approved by the board of directors. Under the BCBCA and our articles, between annual general meetings of our shareholders, the directors may appoint one or more additional directors, but the number of additional directors may not at any time exceed one-third of the number of current directors who were elected or appointed other than as additional directors.

Director Term Limits and Other Mechanisms of Board Renewal

Our board of directors has not adopted director term limits, a retirement policy for its directors or other automatic mechanisms of board renewal. Rather than adopting formal term limits, mandatory age-related retirement policies and other mechanisms of board renewal, the nominating and governance committee of our board of directors develop appropriate qualifications and criteria for our board of directors as a whole and for individual directors. In accordance with its mandate, the nominating and governance committee oversees a process for the assessment of our board of directors, each committee and individual director regarding his, her or its effectiveness and contribution, and also reports evaluation results to our board of directors at least annually. It is further the responsibility of the nominating and governance committee to develop a succession plan for the board of directors, including maintaining a list of qualified candidates for director positions. The company is not in the practice of providing any severance benefits to directors upon termination of service.

Board Committees

Each of our board committees operates under its own written charter adopted by our board of directors.

Audit Committee

Our audit committee is composed of Mr. Davison, Mr. Gunn and Mr. Saage, with Mr. Davison serving as chairperson of the committee. Our board of directors has determined that Mr. Gunn, Mr. Davison and Mr. Saage meet the independence requirements under the rules of the NYSE, the BCBCA and under Rule 10A-3 of the Exchange Act. Our board of directors has determined that Mr. Davison is an “audit committee financial expert” within the meaning of the SEC’s regulations and applicable Listing Rules of the NYSE.

Our audit committee reviews and approves the scope of the annual audits of our financial statements, reviews our internal control over financial reporting, recommends to the board of directors the appointment of our independent auditors, reviews and approves any non-audit services performed by the independent auditors, reviews the findings and recommendations of the internal and independent auditors and periodically reviews major accounting policies.

Compensation Committee

Our compensation committee is composed of Mr. Cotton, Mr. Armstrong and Ms. Chiquet, with Mr. Cotton serving as chairperson of the committee. Its primary purpose, with respect to compensation, is to assist our board of directors in fulfilling its oversight responsibilities and to

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make recommendations to our board of directors with respect to the compensation of our directors and executive officers.

Nominating and Governance Committee

Our nominating and governance committee is composed of Mr. Gunn, Mr. Reiss, Ms. Wong and Ms. Butts, with Ms. Butts serving as chairperson of the committee. The nominating and governance committee’s primary responsibilities are to develop and recommend to the board of directors criteria for board and committee membership and recommend to the board of directors the persons to be nominated for election as directors and to each of the committees of the board of directors. The nominating and governance committee also reviews and makes recommendations in respect of the company’s corporate governance principles and practices and associated disclosure.

Environmental and Social Committee

Our environmental and social committee is composed of Mr. Armstrong, Ms. Butts, and Ms. Davis with Mr. Armstrong serving as the chairperson of the committee. The environmental and social committee’s primary responsibilities are to provide oversight of the company’s ongoing commitment to environmental and social policies, plans and programs to ensure a comprehensive environmental, social and governance program.

D. Employees

As of March 31, 2024, April 2, 2023, and April 3, 2022, we had 4,462, 4,760, and 4,353 employees, including both full-time and part-time employees however excluding those on leave. The number of employees by function as of the end of the period for our fiscal years ended March 31, 2024, April 2, 2023, and April 3, 2022 was as follows:

	March 31, 2024	April 2, 2023	April 3, 2022
By Function:
Canadian manufacturing	2,630	2,964	2,872
Selling and retail	1,015	881	742
Corporate head offices	817	915	739
Total	4,462	4,760	4,353

As of March 31, 2024, the company has 232 employees who are on leave for maternity, medical, disability and/or unpaid leave. The increase in the number of selling and retail employees was primarily due to the expansion of our DTC retail store network. The decrease in the number of Canadian manufacturing and corporate head office employees was primarily due to the Transformation Program.

E. Share Ownership

See Item 6.B. - “Compensation” and Item 7 - “Major Shareholders and Related Party Transactions.”

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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders.

Security Ownership

The following table sets forth information relating to the beneficial ownership of our shares as of May 5, 2024, by:

•    each person or group who is known by us to own beneficially more than 5% of our subordinate voting shares;

•    each of our directors; and

•    each of our named executive officers.

Beneficial ownership is determined in accordance with SEC rules. The information is not necessarily indicative of beneficial ownership for any other purpose. In general, under these rules a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise has or shares voting power or investment power with respect to such security. A person is also deemed to be a beneficial owner of a security if that person has the right to acquire beneficial ownership of such security within 60 days. Except as otherwise indicated, and subject to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all shares held by that person.

The percentage of voting shares beneficially owned is computed on the basis of 45,543,872 subordinate voting shares and 51,004,076 multiple voting shares outstanding as of May 5, 2024. 

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	Subordinate Voting Shares			Multiple Voting Shares
Name and address of beneficial owner	Number of shares	Percentage of shares		Number of shares	Percentage of shares
5% shareholders:
Entities affiliated with Bain Capital Investors, LLC(1)	—	—		30,873,742	60.5	%
Dani Reiss(2)	1,349,910	2.9	%	20,130,334	39.5	%
FMR(3)	5,782,631	12.7	%	—	—
Goldman Sachs(4)	3,409,138	7.5	%	—	—
Morgan Stanley(5)	5,239,460	11.5	%	—	—
MFS(6)	3,543,561	7.8	%	—	—
Named executive officers and directors:
Jodi Butts	54,290	*		—	—
Maureen Chiquet	74,855	*		—	—
Ryan Cotton (7)	—	—	%	—	—
Jennifer Davis(7)	—	—	%	—	—
Stephen Gunn	88,566	*		—	—
John Davison	85,164	*		—	—
Michael D. Armstrong	14,482	*		—	—
Gary Saage	8,000	*		—	—
Belinda Wong	8,683	*		—	—
Jonathan Sinclair	204,129	*		—	—
Beth Clymer	2,140	*		—	—
Matt Blonder	8,203	*		—	—
Dan Binder	6,563	*		—	—

        * Less than 1%

(1)Includes 10,773,742 multiple voting shares registered in the name of Bain Capital Integral Investors 2008, L.P. (“Integral 2008”) and 20,100,000 Multiple Voting Shares registered in the name of BCPE Fund X Goose Borrower, L.P. (together with Integral 2008, the “Bain Capital Entities”). Bain Capital Investors, LLC (“BCI”) is the ultimate general partner of each of the Bain Capital Entities. As a result, BCI may be deemed to exercise voting and dispositive power with respect to the shares held by the Bain Capital Entities. Voting and investment decisions with respect to the shares held by the Bain Capital Entities are made by the managing directors of BCI, of whom there are three or more and none of whom individually has the power to direct such decisions. The address of each of the Bain Capital Entities is c/o Bain Capital Private Equity, LP, 200 Clarendon Street, Boston, Massachusetts 02116.

(2)Includes multiple voting shares registered in the name of DTR LLC, an entity indirectly controlled by Dani Reiss. Based on information obtained from Schedule 13G/A filed by Dani Reiss on February 13, 2024.

(3)Based on information obtained from Schedule 13G/A filed by FMR LLC and its affiliates (“FMR”) on February 9, 2024. According to that report, FMR possesses sole power to vote or to direct the voting of 5,782,631 of such shares and possesses shared power to vote or to direct the voting of none of such shares and possesses

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sole power to dispose or to direct the disposition of 5,782,631 of such shares and possesses shared power to dispose or to direct the disposition of none of such shares. In addition, according to that report, FMR’s business address is 245 Summer Street., Boston, MA 02210.

(4)Based on information obtained from Schedule 13G filed by Goldman Sachs and its affiliates (“Goldman Sachs”) on February 7, 2023. According to that report, Goldman Sachs possesses sole power to vote or to direct the voting of none of such shares and possesses shared power to vote or to direct the voting of 3,409,088 of such shares and possesses sole power to dispose or to direct the disposition of none of such shares and possesses shared power to dispose or to direct the disposition of 3,409,138 of such shares. In addition, according to that report, Goldman Sachs’ business address is 200 West Street, New York, NY 10282.

(5)Based on information obtained from Schedule 13G/A filed by Morgan Stanley and its affiliates (“Morgan Stanley”) on February 12, 2024. According to that report, Morgan Stanley possesses sole power to vote or to direct the voting of none of such shares and possesses shared power to vote or to direct the voting of 5,239,460 of such shares and possesses sole power to dispose or to direct the disposition of none of such shares and possesses shared power to dispose or to direct the disposition of 5,239,460 of such shares. In addition, according to that report, Morgan Stanley’s business address is 1585 Broadway New York, NY 10036.

(6)Based on information obtained from Schedule 13G filed by Massachusetts Financial Services Company (“MFS”) on February 9, 2024. According to that report, MFS possesses sole power to vote or to direct the voting of 3,543,561 of such shares and possesses shared power to vote or to direct the voting of none of such shares and possesses sole power to dispose or to direct the disposition of 3,543,561 of such shares and possesses shared power to dispose or to direct the disposition of none of such shares. In addition, according to that report, MFS’s business address is 111 Huntington Avenue, Boston, MA 02199.

(7)Does not include shares held by the Bain Capital Entities. Mr. Cotton is a Managing Director of BCI and Ms. Davis is a Partner of BCI, and as a result may be deemed to share beneficial ownership of the shares held by the Bain Capital Entities. The address for Mr. Cotton and Ms. Davis is c/o Bain Capital Private Equity, LP, 200 Clarendon Street, Boston, Massachusetts 02116.

Significant Changes in Ownership

We are not aware of significant changes in ownership of our multiple voting shares and subordinate voting shares during fiscal 2024.

Voting Rights

Holders of our multiple voting shares are entitled to 10 votes per multiple voting share and holders of subordinate voting shares held in the United States (and outside the United States) are entitled to one vote per subordinate voting share on all matters upon which holders of shares are entitled to vote.

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U.S. Shareholders. On March 31, 2024, we had 4 registered shareholders with addresses in the United States (which may include addresses of investment managers holding securities on behalf of non-U.S. beneficial owners) holding approximately 20,242,914 subordinate voting shares. Residents of the United States may beneficially own subordinate voting shares or multiple voting shares registered in the names of non-residents of the United States, and non-U.S. residents may beneficially own subordinate voting shares or multiple voting shares registered in the names of U.S. residents.

Controlled Company

We are currently controlled by Bain Capital. As of March 31, 2024, Bain Capital indirectly beneficially owns approximately 60.5% of our outstanding multiple voting shares, or approximately 55.6% of the combined voting power of our multiple voting and subordinate voting shares outstanding.

B. Related Party Transactions

Investor Rights Agreement

In connection with our IPO, we entered into an Investor Rights Agreement with Bain Capital and DTR LLC, an entity indirectly controlled by our Chairman and Chief Executive Officer (the “Investor Rights Agreement”).

The following is a summary of certain registration rights and nomination rights of our principal shareholders (including their permitted affiliates and transferees) under the Investor Rights Agreement, which summary is not intended to be complete. The following discussion is qualified in its entirety by the full text of the Investor Rights Agreement.

Registration Rights

Pursuant to the Investor Rights Agreement, Bain Capital is entitled to certain demand registration rights which enable it to require us to file a registration statement and/or a Canadian prospectus and otherwise assist with public offerings of subordinate voting shares (including subordinate voting shares issuable upon conversion of multiple voting shares) under the Securities Act and applicable Canadian securities laws, in accordance with the terms and conditions of the Investor Rights Agreement. DTR LLC is entitled to similar demand registration rights at such time as Bain Capital no longer holds securities subject to registration rights, as well as certain incidental registration rights in connection with demand registrations initiated by Bain Capital, and each of Bain Capital and DTR LLC is entitled to certain “piggy-back” registration rights in the event that we propose to register securities as part of a public offering.

We are entitled to postpone or suspend a registration request for a period of up to 60 days during any 12-month period where such registration request would require us to make any adverse disclosure. In addition, in connection with an underwritten offering, the number of securities to be registered thereunder may be limited, for marketing reasons, based on the opinion of the managing underwriter or underwriters for such offering.

All costs and expenses associated with any demand registration or “piggy-back” registration will be borne by us other than underwriting discounts, commissions and transfer taxes, if any, attributable to the sale of the subordinate voting shares (including following the conversion of multiple voting shares) by the applicable selling shareholder. We will also be required to provide indemnification and contribution for the benefit of Bain Capital and DTR LLC and their

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respective affiliates and representatives in connection with any demand registration or “piggy-back” registration.

Nomination Rights

Pursuant to the Investor Rights Agreement, Bain Capital is entitled to designate 50% of our directors (rounding up to the next whole number) and will continue to be entitled to designate such percentage of our directors for so long as it holds at least 40% of the number of subordinate voting shares and multiple voting shares outstanding, provided that this percentage will be reduced (i) to the greater of one director or 30% of our directors (rounding up to the next whole number) once Bain Capital holds less than 40% of the subordinate voting shares and multiple voting shares outstanding, (ii) to the greater of one director or 10% of our directors (rounding up to the next whole number) once Bain Capital holds less than 20% of the subordinate voting shares and multiple voting shares outstanding, and (iii) to none once Bain Capital holds less than 5% of the subordinate voting shares and multiple voting shares outstanding. DTR LLC is entitled to designate one director for as long as it holds 5% or more of the subordinate voting shares and multiple voting shares outstanding.

The nomination rights contained in the Investor Rights Agreement provide that Bain Capital and DTR LLC, at the relevant time, will cast all votes to which they are entitled to elect directors designated in accordance with the terms and conditions of the Investor Rights Agreement.

Other Related Party Transactions

During fiscal 2024, the company contributed approximately $0.5m to Polar Bears International (PBI), a charitable organization for which our Chairman and Chief Executive Officer, Dani Reiss, serves as a board member. The company also paid the Baffin vendor and related entities, which continue to be controlled by Paul Hubner, a member of management of the company, approximately $0.6m for lease costs associated with the Baffin manufacturing facility and other operating costs.

Interest of Management and Others in Material Transactions

Except as set out above or described elsewhere in this Annual Report, there are no material interests, direct or indirect, of any of our directors or executive officers, any shareholder that beneficially owns, or controls or directs (directly or indirectly), more than 10% of any class or series of our outstanding voting securities, or any associate or affiliate of any of the foregoing persons, in any transaction within the three years before the date in this Annual Report that has materially affected or is reasonably expected to materially affect us or any of our subsidiaries.

Indebtedness of Directors, Executive Officers and Employees

Except as set out above or described elsewhere in this Annual Report, as of the date of this Annual Report, none of our directors, executive officers, employees, former directors, former executive officers or former employees or any of our subsidiaries, and none of their respective associates, is indebted to us or any of our subsidiaries or another entity whose indebtedness is the subject of a guarantee, support agreement, letter of credit or other similar agreement or understanding provided by us or any of our subsidiaries, except, as the case may be, for routine indebtedness as defined under applicable securities legislations.

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C. Interests of Experts and Counsel

Not applicable.

ITEM 8. FINANCIAL INFORMATION

A. Consolidated Financial Statements and Other Financial Information

See Item 18. — “Financial Statements.”

A.7 Legal Proceedings

From time to time, we may be subject to legal or regulatory proceedings and claims in the ordinary course of business, including proceedings to protect our intellectual property rights. As part of our monitoring program for our intellectual property rights, from time to time we file lawsuits for acts of trademark counterfeiting, trademark infringement, trademark dilution, patent infringement or breach of other state or foreign laws. These actions often result in seizure of counterfeit merchandise and negotiated settlements with defendants. Defendants sometime raise the invalidity or unenforceability of our proprietary rights as affirmative defenses or counterclaims.

A.8    Dividend Policy

Our board of directors does not currently intend to pay dividends on our subordinate voting shares or multiple voting shares. We currently intend to retain any future earnings to fund business development and growth, and we do not expect to pay any dividends in the foreseeable future. Any future determination to declare cash dividends will be made at the discretion of our board of directors, subject to applicable laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions, general business conditions and other factors that our board of directors may deem relevant. Currently, the provisions of our senior secured credit facilities place certain limitations on the amount of cash dividends that our main operating subsidiary can pay.

B. Significant Changes

We have not experienced any significant changes since the date of our Annual Financial Statements included in this Annual Report.

ITEM 9. THE OFFER AND LISTING

Not applicable except for Item 9.A.4 and Item 9.C.

Our subordinate voting shares have been listed on both the New York Stock Exchange and the Toronto Stock Exchange since March 16, 2017 under the symbol “GOOS.”

ITEM 10. ADDITIONAL INFORMATION

A. Share Capital

Not applicable.

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B. Notice of Articles and Articles

The following is a summary of certain important provisions of our articles and certain related sections of the BCBCA. Please note that this is only a summary and is not intended to be exhaustive. This summary is subject to, and is qualified in its entirety by reference to, the provisions of our articles and the BCBCA.

Stated Objects or Purposes

Our articles do not contain stated objects or purposes and do not place any limitations on the business that we may carry on.

Directors

Power to vote on matters in which a director is materially interested. Under the BCBCA a director who has a material interest in a contract or transaction, whether made or proposed, that is material to us, must disclose such interest to us, subject to certain exceptions such as if the contract or transaction: (i) is an arrangement by way of security granted by us for money loaned to, or obligations undertaken by, the director for our benefit or for one of our affiliates’ benefit; (ii) relates to an indemnity or insurance permitted under the BCBCA; (iii) relates to the remuneration of the director in his or her capacity as director, officer, employee or agent of our company or of one of our affiliates; (iv) relates to a loan to our company while the director is the guarantor of some or all of the loan; or (v) is with a corporation that is affiliated with us while the director is also a director or senior officer of that corporation or an affiliate of that corporation.

A director who holds such disclosable interest in respect of any material contract or transaction into which we have entered or propose to enter may be required to absent himself or herself from the meeting while discussions and voting with respect to the matter are taking place. Directors will also be required to comply with certain other relevant provisions of the BCBCA regarding conflicts of interest.

Directors’ power to determine the remuneration of directors. The remuneration of our directors, if any, may be determined by our directors subject to our articles. The remuneration may be in addition to any salary or other remuneration paid to any of our employees (including executive officers) who are also directors.

Number of shares required to be owned by a director. Neither our articles nor the BCBCA provide that a director is required to hold any of our shares as a qualification for holding his or her office. Our board of directors has discretion to prescribe minimum share ownership requirements for directors. To align the economic interests of directors with those of our shareholders, directors are granted share-based compensation on an annual basis for their services and are further encouraged to purchase securities of the company. Moreover, the company has adopted director share ownership guidelines for non-executive directors, which are set at two times (2x) each director’s annual retainer, such ownership requirement to be progressively achieved over a period of five years from each director’s appointment to the board of directors. The director share ownership requirement can be satisfied through the ownership of shares directly owned, vested in-the-money stock options and restricted share units.

Issuance of Additional Multiple Voting Shares

The rules of the TSX generally prohibit us from issuing additional multiple voting shares, however there may be certain circumstances where additional multiple voting shares may be issued, including upon receiving shareholder approval. Notably, approval is not required in

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connection with a subdivision or consolidation on a pro rata basis as between the subordinate voting shares and the multiple voting shares.

Subdivision or Consolidation

No subdivision or consolidation of the subordinate voting shares or the multiple voting shares may be carried out unless, at the same time, the multiple voting shares or the subordinate voting shares, as the case may be, are subdivided or consolidated in the same manner and on the same basis.

Certain Amendments and Change of Control

In addition to any other voting right or power to which the holders of subordinate voting shares shall be entitled by law or regulation or other provisions of our articles from time to time in effect, but subject to the provisions of our articles, holders of subordinate voting shares shall be entitled to vote separately as a class, in addition to any other vote of our shareholders that may be required, in respect of any alteration, repeal or amendment of our articles which would adversely affect the rights or special rights of the holders of subordinate voting shares or affect the holders of subordinate voting shares and multiple voting shares differently, on a per share basis, including an amendment to our articles that provides that any multiple voting shares sold or transferred to a Person that is not a Permitted Holder shall be automatically converted into subordinate voting shares.

Pursuant to our articles, holders of subordinate voting shares and multiple voting shares will be treated equally and identically, on a per share basis, in certain change of control transactions that require approval of our shareholders under the BCBCA, unless different treatment of the shares of each such class is approved by a majority of the votes cast by the holders of our subordinate voting shares and multiple voting shares, each voting separately as a class.

Our articles do not otherwise contain any change of control limitations with respect to a merger, acquisition or corporate restructuring that involves us.

Shareholder Meetings

Subject to applicable stock exchange requirements, we must hold a general meeting of our shareholders at least once every calendar year at a time and place determined by our board of directors, provided that the meeting must not be held later than 15 months after the preceding annual general meeting. A meeting of our shareholders may be held anywhere in or outside British Columbia.

A notice to convene a meeting, specifying the date, time and location of the meeting, and, where a meeting is to consider special business, the general nature of the special business must be sent to each shareholder entitled to attend the meeting and to each director not less than 21 days and no more than 60 days prior to the meeting, although, as a result of applicable securities laws, the minimum time for notice is effectively longer in most circumstances. Under the BCBCA, shareholders entitled to notice of a meeting may waive or reduce the period of notice for that meeting, provided applicable securities laws are met. The accidental omission to send notice of any meeting of shareholders to, or the non-receipt of any notice by, any person entitled to notice does not invalidate any proceedings at that meeting.

A quorum for meetings of shareholders is present if shareholders who, in the aggregate, hold at least 25% of the issued shares plus at least a majority of multiple voting shares entitled to be voted at the meeting are present in person or represented by proxy. If a quorum is not present

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within one-half hour from the time set for the holding of any meeting of shareholders, the meeting stands adjourned to the same day in the next week at the same time and place, unless the meeting was requisitioned by shareholders, in which case the meeting is dissolved.

Under the BCBCA, shareholders holding not less than 5% of our issued voting shares may requisition a shareholder meeting for the purpose of transacting any business that may be transacted at a shareholder meeting by delivering a requisition in the prescribed form to us. Upon receiving such a requisition, we must call a meeting of shareholders to transact the business stated in the requisition on a date that is not more than four months after the date on which the requisition was received, unless one of the exemptions set out in the BCBCA apply. In this respect, if we do not call a shareholders’ meeting within 21 days after receiving the requisition, any shareholder who signed the requisition may call the meeting, subject to certain exceptions.

Holders of our subordinate voting shares and multiple voting shares are entitled to attend and vote at meetings of our shareholders except meetings at which only holders of a particular class are entitled to vote. Except as otherwise provided with respect to any particular series of preferred shares, and except as otherwise required by law, the holders of our preferred shares are not entitled as a class to receive notice of, or to attend or vote at any meetings of our shareholders. Our directors, our officers, our auditor and any other persons invited by our chairman or directors or with the consent of those at the meeting are entitled to attend any meeting of our shareholders but will not be counted in the quorum or be entitled to vote at the meeting unless he or she is a shareholder or proxyholder entitled to vote at the meeting.

Shareholder Proposals and Advance Notice Procedures

Under the BCBCA, qualified shareholders holding shares that constitute (i) at least one percent (1%) of our issued voting shares or (ii) have a fair market value in excess of C$2,000 may make proposals for matters to be considered at the annual general meeting of shareholders. Such proposals must be sent to us in advance of any proposed meeting by delivering a timely written notice in proper form to our registered office in accordance with the requirements of the BCBCA. The notice must include information on the business the shareholder intends to bring before the meeting. To be a qualified shareholder, a shareholder must currently be and have been a registered or beneficial owner of at least one share of the company for at least two years before the date of signing the proposal.

We have included certain advance notice provisions with respect to the election of our directors in our articles (the “Advance Notice Provisions”). The Advance Notice Provisions are intended to: (i) facilitate orderly and efficient annual general meetings or, where the need arises, special meetings; (ii) ensure that all shareholders receive adequate notice of board nominations and sufficient information with respect to all nominees; and (iii) allow shareholders to register an informed vote. Only persons who are nominated in accordance with the Advance Notice Provisions will be eligible for election as directors at any annual meeting of shareholders, or at any special meeting of shareholders if one of the purposes for which the special meeting was called was the election of directors.

Under the Advance Notice Provisions, a shareholder wishing to nominate a director would be required to provide us notice, in the prescribed form, within the prescribed time periods. These time periods include, (i) in the case of an annual meeting of shareholders (including annual and special meetings), not less than 30 days prior to the date of the meeting of shareholders; provided, that if the first public announcement of the date of the meeting of shareholders (the “Notice Date”) is less than 50 days before the meeting date, not later than the close of business

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on the 10th day following the Notice Date; and (ii) in the case of a special meeting (which is not also an annual meeting) of shareholders called for any purpose which includes electing directors, not later than the close of business on the 15th day following the Notice Date, provided that, in either instance, if notice-and-access (as defined in National Instrument 54-101-Communication with Beneficial Owners of Securities of a Reporting Issuer) is used for delivery of proxy related materials in respect of a meeting described above, and the Notice Date in respect of the meeting is not less than 50 days prior to the date of the applicable meeting, the notice must be received not later than the close of business on the 40th day before the applicable meeting.

These provisions could have the effect of delaying until the next shareholder meeting the nomination of certain persons for director that are favored by the holders of a majority of our outstanding voting securities.

Take-Over Bid Protection

Under applicable securities laws in Canada, an offer to purchase multiple voting shares would not necessarily require that an offer be made to purchase subordinate voting shares. In accordance with the rules of the TSX designed to ensure that, in the event of a take-over bid, the holders of subordinate voting shares will be entitled to participate on an equal footing with holders of multiple voting shares, the holders of multiple voting shares have entered into a customary coattail agreement with us and a trustee (the “Coattail Agreement”). The Coattail Agreement contains provisions customary for dual-class, TSX-listed corporations designed to prevent transactions that otherwise would deprive the holders of subordinate voting shares of rights under applicable securities laws in Canada to which they would have been entitled if the multiple voting shares had been subordinate voting shares.

The undertakings in the Coattail Agreement do not apply to prevent a sale by the holders of multiple voting shares (including applicable transferees from time to time) if concurrently an offer is made to purchase subordinate voting shares that:

(a)offers a price per subordinate voting share at least as high as the highest price per share to be paid pursuant to the take-over bid for the multiple voting shares;

(b)provides that the percentage of outstanding subordinate voting shares to be taken up (exclusive of shares owned immediately prior to the offer by the offeror or persons acting jointly or in concert with the offeror) is at least as high as the percentage of multiple voting shares to be sold (exclusive of multiple voting shares owned immediately prior to the offer by the offeror and persons acting jointly or in concert with the offeror);

(c)has no condition attached other than the right not to take up and pay for subordinate voting shares tendered if no shares are purchased pursuant to the offer for multiple voting shares; and

(d)is in all other material respects identical to the offer for multiple voting shares.

In addition, the Coattail Agreement does not prevent the transfer of multiple voting shares to Permitted Holders, provided such transfer is not or would not have been subject to the requirements to make a take-over bid (if the vendor or transferee were in Canada) or constitutes or would be exempt from certain requirements applicable to take-over bids under applicable securities laws in Canada. The conversion of multiple voting shares into subordinate voting shares, whether or not such subordinate voting shares are subsequently sold, would not constitute a disposition of multiple voting shares for the purposes of the Coattail Agreement.

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Under the Coattail Agreement, any sale of multiple voting shares by a holder of multiple voting shares party to the Coattail Agreement is conditional upon the transferee becoming a party to the Coattail Agreement, to the extent such transferred multiple voting shares are not automatically converted into subordinate voting shares in accordance with our articles.

The Coattail Agreement contains provisions for authorizing action by the trustee to enforce the rights under the Coattail Agreement on behalf of the holders of the subordinate voting shares. The obligation of the trustee to take such action is conditional on us or holders of the subordinate voting shares providing such funds and indemnity as the trustee may reasonably require. No holder of subordinate voting shares will have the right, other than through the trustee, to institute any action or proceeding or to exercise any other remedy to enforce any rights arising under the Coattail Agreement unless the trustee fails to act on a request authorized by holders of not less than 10% of the outstanding subordinate voting shares and reasonable funds and indemnity have been provided to the trustee.

Other than in respect of non-material amendments and waivers that do not adversely affect the interests of holders of subordinate voting shares, the Coattail Agreement provides that, among other things, it may not be amended, and no provision thereof may be waived, unless, prior to giving effect to such amendment or waiver, the following have been obtained: (a) the consent of the TSX and any other applicable securities regulatory authority in Canada; and (b) the approval of at least two-thirds of the votes cast by holders of subordinate voting shares represented at a meeting duly called for the purpose of considering such amendment or waiver, excluding votes attached to subordinate voting shares held by the holders of multiple voting shares or their affiliates and related parties and any persons who have an agreement to purchase multiple voting shares on terms which would constitute a sale or disposition for purposes of the Coattail Agreement, other than as permitted thereby.

No provision of the Coattail Agreement limits the rights of any holders of subordinate voting shares under applicable law.

Forum Selection

We have included a forum selection provision in our articles that provides that, unless we consent in writing to the selection of an alternative forum, the Superior Court of Justice of the Province of Ontario, Canada and the appellate courts therefrom, will be the sole and exclusive forum for (i) any derivative action or proceeding brought on our behalf; (ii) any action or proceeding asserting a claim of breach of a fiduciary duty owed by any of our directors, officers, or other employees to us; (iii) any action or proceeding asserting a claim arising pursuant to any provision of the BCBCA or our articles; or (iv) any action or proceeding asserting a claim otherwise related to the relationships among us, our affiliates and their respective shareholders, directors and/or officers, but excluding claims related to our business or such affiliates. The forum selection provision also provides that our securityholders are deemed to have consented to personal jurisdiction of the provincial and federal courts located in the Province of Ontario and to service of process on their counsel in any foreign action initiated in violation of the foregoing provisions.

Limitation of Liability and Indemnification

Under the BCBCA, a company may indemnify: (i) a current or former director or officer of that company; (ii) a current or former director or officer of another corporation if, at the time such individual held such office, the corporation was an affiliate of the company, or if such individual held such office at the company’s request; or (iii) an individual who, at the request of the

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company, held, or holds, an equivalent position in another entity (an “indemnifiable person”) against all costs, charges and expenses, and all eligible penalties, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by him or her in respect of any civil, criminal, administrative or other legal proceeding or investigative action (whether current, threatened, pending or completed) in which he or she is involved because of that person’s position as an indemnifiable person, unless: (i) the individual did not act honestly and in good faith with a view to the best interests of such company or the other entity, as the case may be; or (ii) in the case of a proceeding other than a civil proceeding, the individual did not have reasonable grounds for believing that the individual’s conduct was lawful. A company cannot indemnify an indemnifiable person if it is prohibited from doing so under its articles or by applicable law. A company may pay, as they are incurred in advance of the final disposition of an eligible proceeding, the expenses actually and reasonably incurred by an indemnifiable person in respect of that proceeding only if the indemnifiable person has provided an undertaking that, if it is ultimately determined that the payment of expenses was prohibited, the indemnifiable person will repay any amounts advanced. Subject to the aforementioned prohibitions on indemnification, a company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by an indemnifiable person in respect of such eligible proceeding if such indemnifiable person has not been reimbursed for such expenses, and was wholly successful, on the merits or otherwise, in the outcome of such eligible proceeding or was substantially successful on the merits in the outcome of such eligible proceeding. On application from an indemnifiable person or the company, a court may make any order the court considers appropriate in respect of an eligible proceeding, including the indemnification of penalties imposed or expenses incurred in any such proceedings and the enforcement of an indemnification agreement. As permitted by the BCBCA, our articles require us to indemnify our directors, officers, former directors or officers (and such individual’s respective heirs and legal representatives) and permit us to indemnify any person to the extent permitted by the BCBCA.

C. Material Contracts

The following is a summary of each material contract, other than material contracts entered into in the ordinary course of business, to which we are a party, for the two years immediately preceding the date of this Annual Report:

Employment Agreements

See Item 6.B. — “Directors, Senior Management and Employees” — “Compensation” — “Employment Agreements and Arrangements with Directors and Related Parties”.

Revolving Facility Credit Agreement

On June 3, 2016, Canada Goose Holdings Inc. and its wholly-owned subsidiaries, Canada Goose Inc. and Canada Goose International AG, entered into a senior secured asset-based revolving facility (the “Revolving Facility”), with Canadian Imperial Bank of Commerce, as administrative agent, and certain financial institutions as lenders. A copy of the Revolving Facility Credit Agreement is included as Exhibit 10.3 to the company’s Registration Statement on Form F-1, as amended (File No. 333-216078), filed with the SEC on February 15, 2017, and is incorporated by reference herein. As amended through the date hereof, the amended Revolving Facility consists of the existing Revolving Facility with a reduced commitment in the amount of $417.5m with a seasonal increase of up to $467.5m during the peak season (being June 1 through November 30), and a first-in, last-out (“FILO”) Revolving Facility in the amount of

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$50.0m. Borrowings under the existing Revolving Facility were transferred to the FILO Revolving Facility on the transaction date and future amounts will be drawn in priority of the FILO Revolving Facility. Amounts drawn on the FILO Revolving Facility are subject to an interest rate charge that is 2.00% higher than the existing Revolving Facility. The FILO Revolving Facility matured on May 25, 2021 and upon maturity, the credit commitments on the existing Revolving Facility were restored. On May 15, 2023, the Company entered into an amendment to the Revolving Facility. Following the amendment, the Revolving Facility has multiple interest rate charge options that are based on the Canadian prime rate, Banker's Acceptance rate, the lenders' Alternate Base Rate, European Base Rate, SOFR rate, or EURIBOR rate plus an applicable margin, with interest payable the earlier of quarterly or at the end of the then current interest period (whichever is earlier) and the term has been extended to May 15, 2028, which was previously expiring on June 3, 2024.

Term Loan Credit Agreement

On December 2, 2016, Canada Goose Holdings Inc. and Canada Goose Inc. entered into a senior secured term loan credit agreement (the “Term Loan Credit Agreement”), with Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, and certain financial institutions as lenders, providing for the Term Loan. A copy of the Term Loan Credit Agreement is included as Exhibit 10.4 to the company’s Registration Statement on Form F-1, as amended (File No. 333-216078), filed with the SEC on February 15, 2017, and is incorporated by reference herein.

On August 15, 2017, the company entered into an amendment (the “2017 Term Loan Amendment”) to the Term Loan Credit Agreement. The 2017 Term Loan Amendment was executed in connection with the syndication of the outstanding term loans by the existing term loan lenders and, among other things: (i) added a provision whereby the company would be required to pay a 1% prepayment premium on any prepayment of the term loans made in connection with a “Repricing Transaction” (as defined in the 2017 Term Loan Amendment) or in connection with an amendment that constitutes a Repricing Transaction, in each case, within six months from August 15, 2017 and (ii) reset the “most-favored nation” protection in favor of the term loan lenders in the incremental facilities provisions of the Term Loan Credit Agreement, whereby if the company were to issue additional term loans under such incremental facilities provisions within 18 months from August 15, 2017 and the all-in yield on such additional term loans were to exceed the all-in-yield on the existing term loans by more than 50 basis points, the all-in-yield on such existing term loans would be increased so that the all-in-yield of the additional term loans does not exceed the all-in-yield on the existing term loans by more than 50 basis points. As further amended through the date hereof, the maturity date for the Term Loan Credit Agreement is October 7, 2027.

On April 9, 2021, the company entered into an amendment (the “2021 Term Loan Amendment) to the Term Loan Credit Agreement. The term loans issued in connection with the 2021 Term Loan Amendment (the “2021 Refinancing Term Loans”) were used, in part, to refinance in full all of the existing term loans outstanding under the Term Loan Credit Agreement. The interest rates for the 2021 Refinancing Term Loans are LIBOR plus an applicable margin of 3.50%, payable quarterly in arrears.

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On May 9, 2023, the Company entered into an amendment to the Term Loan Credit Agreement (the “2023 Term Loan Amendment”). The interest rate governing the Term Loan following the 2023 Term Loan Amendment is SOFR plus an applicable margin of 3.50% payable quarterly in arrears, and SOFR may not be less than 0.75%.

Indemnification Agreements

We have entered into indemnification agreements with our directors and executive officers pursuant to which we have agreed to indemnify them against a number of liabilities and expenses incurred by such persons in connection with claims made by reason of their being a director or executive officer of the company. A copy of the Form of Indemnification Agreement is included as Exhibit 10.28 to the company’s Registration Statement on Form F-1, as amended (File No. 333-216078), filed with the SEC on February 15, 2017, and is incorporated by reference herein.

D. Exchange Controls

We are not aware of any governmental laws, decrees, regulations or other legislation in Canada that restrict the export or import of capital, including the availability of cash and cash equivalents for use by our affiliated companies, or that affect the remittance of dividends, interest or other payments to non-resident holders of our securities. Any remittances of dividends to residents of the United States and to other non-resident holders are, however, subject to withholding tax. See Item 10.E. - “Taxation”.

E. Taxation

Subject to the limitations and qualifications stated herein, this discussion sets forth certain material U.S. federal income tax considerations relating to the ownership and disposition by U.S. Holders (as defined below) of the subordinate voting shares. The discussion is based on the U.S. Internal Revenue Code of 1986, as amended (the “Code”), its legislative history, existing and proposed regulations thereunder, published rulings and court decisions, all as currently in effect and all subject to change at any time, possibly with retroactive effect. This summary applies only to U.S. Holders and does not address tax consequences to a non-U.S. Holder (as defined below) holding our subordinate voting shares.

This discussion of a U.S. Holder’s tax consequences addresses only those persons that hold our subordinate voting shares as capital assets and does not address the tax consequences to any special class of holders, including without limitation, holders (directly, indirectly or constructively) of 10% or more of our equity (based on voting power or value), dealers in securities or currencies, banks, tax-exempt organizations, insurance companies, financial institutions, broker-dealers, regulated investment companies, real estate investment trusts, traders in securities that elect the mark-to-market method of accounting for their securities holdings, persons that hold securities that are a hedge or that are hedged against currency or interest rate risks or that are part of a straddle, conversion or “integrated” transaction, U.S. expatriates, partnerships or other pass-through entities for U.S. federal income tax purposes and U.S. Holders whose functional currency for U.S. federal income tax purposes is not the U.S. dollar. This discussion does not address the effect of the U.S. federal alternative minimum tax, U.S. federal estate and gift tax, the 3.8% Medicare contribution tax on net investment income or any state, local or non-U.S. tax laws on a holder of subordinate voting shares.

For purposes of this discussion, a “U.S. Holder” is a beneficial owner of subordinate voting shares that is for U.S. federal income tax purposes: (a) an individual who is a citizen or resident

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of the United States; (b) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; (c) an estate the income of which is subject to U.S. federal income taxation regardless of its source; or (d) a trust (i) if a court within the United States can exercise primary supervision over its administration, and one or more U.S. persons have the authority to control all of the substantial decisions of that trust, or (ii) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person. The term “non-U.S. Holder” means any beneficial owner of our subordinate voting shares that is not a U.S. Holder, a partnership (or an entity or arrangement that is treated as a partnership or other pass-through entity for U.S. federal income tax purposes) or a person holding our subordinate voting shares through such an entity or arrangement.

If a partnership or an entity or arrangement that is treated as a partnership for U.S. federal income tax purposes holds our subordinate voting shares, the tax treatment of a partner will generally depend upon the status of the partner and the activities of the partnership. Partners in partnerships that hold our subordinate voting shares should consult their own tax advisors.

You are urged to consult your own independent tax advisor regarding the specific U.S. federal, state, local and non-U.S. income and other tax considerations relating to the ownership and disposition of our subordinate voting shares.

Cash Dividends and Other Distributions

As described in Item 8.A.8 above, we currently intend to retain any future earnings to fund business development and growth, and we do not expect to pay any dividends in the foreseeable future. However, to the extent there are any distributions made with respect to our subordinate voting shares, subject to the passive foreign investment company, or “PFIC,” rules discussed below, a U.S. Holder generally will be required to treat distributions received with respect to its subordinate voting shares (including the amount of Canadian taxes withheld, if any) as dividend income to the extent of our current or accumulated earnings and profits (computed using U.S. federal income tax principles), with the excess treated as a non-taxable return of capital to the extent of the holder’s adjusted tax basis in its subordinate voting shares and, thereafter, as capital gain recognized on a sale or exchange of such subordinate voting shares. There can be no assurance that we will maintain calculations of our earnings and profits in accordance with U.S. federal income tax accounting principles. U.S. Holders should therefore assume that any distribution with respect to our subordinate voting shares will constitute ordinary dividend income. Dividends paid on the subordinate voting shares will not be eligible for the dividends received deduction allowed to U.S. corporations.

Dividends paid to a non-corporate U.S. Holder by a “qualified foreign corporation” may be subject to reduced rates of taxation if certain holding period and other requirements are met. A qualified foreign corporation generally includes a foreign corporation (other than a PFIC) if (i) its shares are readily tradable on an established securities market in the United States or (ii) it is eligible for benefits under a comprehensive U.S. income tax treaty that includes an exchange of information program and which the U.S. Treasury Department has determined is satisfactory for these purposes. U.S. Holders should consult their own tax advisors regarding the availability of the reduced tax rate on dividends in light of their particular circumstances.

Non-corporate U.S. Holders will not be eligible for reduced rates of taxation on any dividends received from us if we are a PFIC in the taxable year in which such dividends are paid or in the preceding taxable year.

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Special rules may apply to any “extraordinary dividend,” which is generally a dividend paid by us in an amount that is equal to or in excess of 10 percent of a U.S. Holder’s adjusted tax basis (or fair market value in certain circumstances) in a share of our subordinate voting shares. If we pay an “extraordinary dividend’ on our subordinate voting shares that is treated as “qualified dividend income,” then any loss derived by a non-corporate U.S. Holder from the sale or exchange of such subordinate voting shares will be treated as long-term capital loss to the extent of such dividend.

Distributions paid in a currency other than U.S. dollars will be included in a U.S. Holder’s gross income in a U.S. dollar amount based on the spot exchange rate in effect on the date of actual or constructive receipt, whether or not the payment is converted into U.S. dollars at that time. The U.S. Holder will have a tax basis in such currency equal to such U.S. dollar amount, and any gain or loss recognized upon a subsequent sale or conversion of the foreign currency for a different U.S. dollar amount will be U.S. source ordinary income or loss. If the dividend is converted into U.S. dollars on the date of receipt, a U.S. Holder generally should not be required to recognize foreign currency gain or loss in respect of the dividend income.

A U.S. Holder who pays (whether directly or through withholding) Canadian taxes with respect to dividends paid on our subordinate voting shares may be entitled to receive either a deduction or a foreign tax credit for such Canadian taxes paid. Complex limitations apply to the foreign tax credit, including the general limitation that the credit cannot exceed the proportionate share of a U.S. Holder’s U.S. federal income tax liability that such U.S. Holder’s “foreign source” taxable income bears to such U.S. Holder’s worldwide taxable income. In applying this limitation, a U.S. Holder’s various items of income and deduction must be classified, under complex rules, as either “foreign source” or “U.S. source.” In addition, this limitation is calculated separately with respect to specific categories of income. Dividends paid by us generally will constitute “foreign source” income and generally will be categorized as “passive category income.” However, if 50% or more of our equity (based on voting power or value) is treated as held by U.S. persons, we will be treated as a “United States-owned foreign corporation,” in which case dividends may be treated for foreign tax credit limitation purposes as “foreign source” income to the extent attributable to our non-U.S. source earnings and profits and as “U.S. source” income to the extent attributable to our U.S. source earnings and profits. Because the foreign tax credit rules are complex, in the event we pay a dividend subject to Canadian dividend withholding tax, each U.S. Holder should consult its own tax advisor regarding the foreign tax credit rules.

Sale or Disposition of Subordinate Voting Shares

A U.S. Holder generally will recognize gain or loss on the taxable sale or exchange of its subordinate voting shares in an amount equal to the difference between the U.S. dollar amount realized on such sale or exchange (determined in the case of subordinate voting shares sold or exchanged for currencies other than U.S. dollars by reference to the spot exchange rate in effect on the date of the sale or exchange or, if the subordinate voting shares sold or exchanged are traded on an established securities market and the U.S. Holder is a cash basis taxpayer or an electing accrual basis taxpayer, the spot exchange rate in effect on the settlement date) and the U.S. Holder’s adjusted tax basis in the subordinate voting shares determined in U.S. dollars. The initial tax basis of the subordinate voting shares to a U.S. Holder will be the U.S. Holder’s U.S. dollar purchase price for the subordinate voting shares (determined by reference to the spot exchange rate in effect on the date of the purchase, or if the subordinate voting shares purchased are traded on an established securities market and the U.S. Holder is a cash basis taxpayer or an electing accrual basis taxpayer, the spot exchange rate in effect on the settlement date).

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Assuming we are not a PFIC and have not been treated as a PFIC during a U.S. Holder’s holding period for our subordinate voting shares, such gain or loss will be capital gain or loss and will be long-term gain or loss if the subordinate voting shares have been held for more than one year. Under current law, long-term capital gains of non-corporate U.S. Holders generally are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations. Capital gain or loss, if any, recognized by a U.S. Holder generally will be treated as U.S. source income or loss for U.S. foreign tax credit purposes. U.S. Holders are encouraged to consult their own tax advisors regarding the availability of the U.S. foreign tax credit in their particular circumstances.

Passive Foreign Investment Company Considerations

Status as a PFIC

The rules governing PFICs can have adverse tax effects on U.S. Holders. We generally will be classified as a PFIC for U.S. federal income tax purposes if, for any taxable year, either: (1) 75% or more of our gross income consists of certain types of passive income, or (2) the average value (determined on a quarterly basis), of our assets that produce, or are held for the production of, passive income is 50% or more of the value of all of our assets.

Passive income generally includes dividends, interest, rents and royalties (other than certain rents and royalties derived in the active conduct of a trade or business), annuities and gains from assets that produce passive income. If a non-U.S. corporation owns at least 25% by value of the stock of another corporation, the non-U.S. corporation is treated for purposes of the PFIC tests as owning its proportionate share of the assets of the other corporation and as receiving directly its proportionate share of the other corporation’s income.

Additionally, if we are classified as a PFIC in any taxable year with respect to which a U.S. Holder owns subordinate voting shares, we generally would continue to be treated as a PFIC with respect to such U.S. Holder in all succeeding taxable years, regardless of whether we continue to meet the tests described above.

We do not believe that we were a PFIC in 2024, and we do not anticipate becoming a PFIC in the foreseeable future. Notwithstanding the foregoing, the determination of whether we are a PFIC is made annually and depends on the particular facts and circumstances (such as the valuation of our assets, including goodwill and other intangible assets) and may also be affected by the application of the PFIC rules, which are subject to differing interpretations. No assurance can be provided that we are not currently a PFIC or that we will not become a PFIC in any future taxable year. U.S. Holders should consult their own tax advisors regarding our potential PFIC status.

U.S. federal income tax treatment of a shareholder of a PFIC

If we are classified as a PFIC for any taxable year during which a U.S. Holder owns subordinate voting shares, the U.S. Holder, absent certain elections (including the mark-to-market and QEF elections described below), generally will be subject to adverse rules (regardless of whether we continue to be classified as a PFIC) with respect to (i) any “excess distributions” (generally, any distributions received by the U.S. Holder on its subordinate voting shares in a taxable year that are greater than 125% of the average annual distributions received by the U.S. Holder in the three preceding taxable years or, if shorter, the U.S. Holder’s holding period for its subordinate voting shares) and (ii) any gain realized on the sale or other disposition, including a pledge, of its subordinate voting shares.

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Under these adverse rules (a) the excess distribution or gain will be allocated ratably over the U.S. Holder’s holding period, (b) the amount allocated to the current taxable year and any taxable year prior to the first taxable year in which we are classified as a PFIC will be taxed as ordinary income and (c) the amount allocated to each other taxable year during the U.S. Holder’s holding period in which we were classified as a PFIC (i) will be subject to tax at the highest rate of tax in effect for the applicable category of taxpayer for that year and (ii) will be subject to an interest charge at a statutory rate with respect to the resulting tax attributable to each such other taxable year. In addition, if a U.S. Holder dies while owning the subordinate voting shares, the U.S. Holder’s successor would be ineligible to receive a step-up in the tax basis of such shares.

If we are a PFIC for any taxable year during a U.S. Holder’s holding period for our subordinate voting shares and any of our non-United States subsidiaries or other corporate entities in which we directly or indirectly own equity interests is also a PFIC, the U.S. Holder would be treated as owning a proportionate amount (by value) of the shares of each such non-United States entity classified as a PFIC (each such entity, a lower-tier PFIC) for purposes of the application of these rules. U.S. Holders should consult their tax advisor regarding the application of the PFIC rules to any of our lower tier PFICs.

PFIC “mark-to-market” election

In certain circumstances, a U.S. Holder can avoid certain of the adverse rules described above by making a mark-to-market election with respect to its subordinate voting shares, provided that the subordinate voting shares are “marketable.” Subordinate voting shares will be marketable if they are “regularly traded” on a “qualified exchange” or other market within the meaning of applicable U.S. Treasury Regulations. The NYSE is a “qualified exchange.” U.S. Holders should consult their own tax advisors with respect to such rules.

A U.S. Holder that makes a mark-to-market election must include in gross income, as ordinary income, for each taxable year that we are a PFIC an amount equal to the excess, if any, of the fair market value of the U.S. Holder’s subordinate voting shares at the close of the taxable year over the U.S. Holder’s adjusted tax basis in its subordinate voting shares. An electing U.S. Holder may also claim an ordinary loss deduction for the excess, if any, of the U.S. Holder’s adjusted tax basis in its subordinate voting shares over the fair market value of its subordinate voting shares at the close of the taxable year, but this deduction is allowable only to the extent of any net mark-to-market gains previously included in income. A U.S. Holder that makes a mark-to-market election generally will adjust such U.S. Holder’s tax basis in its subordinate voting shares to reflect the amount included in gross income or allowed as a deduction because of such mark-to-market election. Gains from an actual sale or other disposition of subordinate voting shares in a year in which we are a PFIC will be treated as ordinary income, and any losses incurred on a sale or other disposition of subordinate voting shares will be treated as ordinary losses to the extent of any net mark-to-market gains previously included in income.

If we are classified as a PFIC for any taxable year in which a U.S. Holder owns subordinate voting shares but before a mark-to-market election is made, the adverse PFIC rules described above will apply to any mark-to market gain recognized in the year the election is made. Otherwise, a mark-to-market election will be effective for the taxable year for which the election is made and all subsequent taxable years. The election cannot be revoked without the consent of the Internal Revenue Service (“IRS”) unless the subordinate voting shares cease to be marketable, in which case the election is automatically terminated.

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A mark-to-market election is not permitted for the shares of any of our subsidiaries that are also classified as PFICs. Prospective investors should consult their own tax advisors regarding the availability of, and the procedure for making, a mark-to-market election.

PFIC “QEF” election

In some cases, a shareholder of a PFIC can avoid the interest charge and the other adverse PFIC consequences described above by obtaining certain information from such PFIC and by making a QEF election to be taxed currently on its share of the PFIC’s undistributed income. We do not, however, expect to provide the information regarding our income that would be necessary in order for a U.S. Holder to make a QEF election with respect to subordinate voting shares if we are classified as a PFIC.

PFIC information reporting requirements

If we are a PFIC in any year, a U.S. Holder of subordinate voting shares in such year will be required to file an annual information return on IRS Form 8621 regarding distributions received on such subordinate voting shares and any gain realized on disposition of such subordinate voting shares. In addition, if we are a PFIC, a U.S. Holder will generally be required to file an annual information return with the IRS (also on IRS Form 8621, which PFIC shareholders are required to file with their U.S. federal income tax or information return) relating to their ownership of subordinate voting shares.

NO ASSURANCE CAN BE GIVEN THAT WE ARE NOT CURRENTLY A PFIC OR THAT WE WILL NOT BECOME A PFIC IN THE FUTURE. U.S. HOLDERS SHOULD CONSULT THEIR OWN TAX ADVISORS WITH RESPECT TO THE OPERATION OF THE PFIC RULES AND RELATED REPORTING REQUIREMENTS IN LIGHT OF THEIR PARTICULAR CIRCUMSTANCES, INCLUDING THE ADVISABILITY OF MAKING ANY ELECTION THAT MAY BE AVAILABLE.

Reporting Requirements and Backup Withholding

Information reporting to the U.S. Internal Revenue Service generally will be required with respect to payments on the subordinate voting shares and proceeds of the sale, exchange or redemption of the subordinate voting shares paid within the United States or through certain U.S.-related financial intermediaries to holders that are U.S. taxpayers, other than exempt recipients. A “backup” withholding tax may apply to those payments if such holder fails to provide a taxpayer identification number to the paying agent or fails to certify that no loss of exemption from backup withholding has occurred (or if such holder otherwise fails to establish an exemption). We or the applicable paying agent will withhold on a distribution if required by applicable law. The amounts withheld under the backup withholding rules are not an additional tax and may be refunded, or credited against the holder’s U.S. federal income tax liability, if any, provided the required information is timely furnished to the IRS.

Canadian Tax Implications for Non-Canadian Holders

The following is a general summary, as of the date hereof, of the principal Canadian federal income tax considerations under the Income Tax Act (Canada) and the regulations thereunder (collectively, the “Tax Act”) generally applicable to the holding and disposition of subordinate voting shares by a beneficial owner. This summary only applies to such a holder who, for the purposes of the Tax Act and at all relevant times: (1) is not, and is not deemed to be, resident in Canada for purposes of any applicable income tax treaty or convention; (2) deals at arm’s length with us; (3) is not affiliated with us; (4) does not use or hold, and is not deemed to use

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or hold, subordinate voting shares in a business carried on in Canada; (5) has not entered into, with respect to the subordinate voting shares, a “derivative forward agreement” as that term is defined in the Tax Act and (6) holds the subordinate voting shares as capital property (a “Non-Canadian Holder”). Special rules, which are not discussed in this summary, may apply to a Non-Canadian Holder that is an insurer carrying on an insurance business in Canada and elsewhere or that is an “authorized foreign bank” as that term is defined in the Tax Act.

This summary is based on the current provisions of the Tax Act, and an understanding of the current administrative policies of the Canada Revenue Agency (“CRA”) published in writing prior to the date hereof. This summary takes into account all specific proposals to amend the Tax Act and the Canada-United States Tax Convention (1980), as amended (the “Canada-U.S. Tax Treaty”) publicly announced by or on behalf of the Minister of Finance (Canada) prior to the date hereof (the “Proposed Amendments”) and assumes that all Proposed Amendments will be enacted in the form proposed. However, no assurances can be given that the Proposed Amendments will be enacted as proposed, or at all. This summary does not otherwise take into account or anticipate any changes in law or administrative policy or assessing practice whether by legislative, regulatory, administrative or judicial action nor does it take into account tax legislation or considerations of any province, territory or foreign jurisdiction, which may differ from those discussed herein.

This summary is of a general nature only and is not, and is not intended to be, legal or tax advice to any particular shareholder. This summary is not exhaustive of all Canadian federal income tax considerations. Accordingly, you should consult your own tax advisor with respect to your particular circumstances. Generally, for purposes of the Tax Act, all amounts relating to the acquisition, holding or disposition of the subordinate voting shares must be converted into Canadian dollars based on the exchange rates as determined in accordance with the Tax Act. The amount of any dividends required to be included in the income of, and capital gains or capital losses realized by, a Non-Canadian Holder may be affected by fluctuations in the Canadian exchange rate.

Dividends

Dividends paid or credited on the subordinate voting shares or deemed to be paid or credited on the subordinate voting shares to a Non-Canadian Holder will be subject to Canadian withholding tax at the rate of 25%, subject to any reduction in the rate of withholding to which the Non-Canadian Holder is entitled under any applicable income tax convention between Canada and the country in which the Non-Canadian Holder is resident. For example, under the Canada-U.S. Tax Treaty, where dividends on the subordinate voting shares are considered to be paid to or derived by a Non-Canadian Holder that is a beneficial owner of the dividends and is a U.S. resident for the purposes of, and is entitled to benefits of, the Canada-U.S. Tax Treaty, the applicable rate of Canadian withholding tax is generally reduced to 15%. A disposition of subordinate voting shares to us may in certain circumstances result in a deemed dividend.

Dispositions

A Non-Canadian Holder will not be subject to tax under the Tax Act on any capital gain realized on a disposition or deemed disposition of a subordinate voting share, unless, at the time of disposition, the subordinate voting shares are “taxable Canadian property” to the Non-Canadian Holder for purposes of the Tax Act and the Non-Canadian Holder is not entitled to relief under an applicable income tax convention between Canada and the country in which the Non-Canadian Holder is resident.

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Generally, the subordinate voting shares will not constitute “taxable Canadian property” to a Non-Canadian Holder at a particular time provided that the subordinate voting shares are listed at that time on a “designated stock exchange” (as defined in the Tax Act), which includes the NYSE and the TSX, unless at any particular time during the 60-month period that ends at that time (i) one or any combination of (a) the Non-Canadian Holder, (b) persons with whom the Non-Canadian Holder does not deal at arm’s length, and (c) partnerships in which the Non-Canadian Holder or a person described in (b) holds a membership interest directly or indirectly through one or more partnerships, has owned 25% or more of the issued shares of any class or series of our capital stock, and (ii) more than 50% of the fair market value of the subordinate voting shares was derived, directly or indirectly, from one or any combination of : (i) real or immoveable property situated in Canada, (ii) “Canadian resource properties” (as defined in the Tax Act), (iii) “timber resource properties” (as defined in the Tax Act) and (iv) options in respect of, or interests in, or for civil law rights in, property in any of the foregoing whether or not the property exists. Notwithstanding the foregoing, in certain circumstances set out in the Tax Act, subordinate voting shares could be deemed to be “taxable Canadian property.” Non-Canadian Holders whose subordinate voting shares may constitute “taxable Canadian property” should consult their own tax advisors.

THE ABOVE DISCUSSION DOES NOT COVER ALL TAX MATTERS THAT MAY BE OF IMPORTANCE TO A PARTICULAR INVESTOR. YOU ARE STRONGLY URGED TO CONSULT YOUR OWN TAX ADVISOR ABOUT THE TAX CONSEQUENCES TO YOU OF AN INVESTMENT IN THE SUBORDINATE VOTING SHARES.

F. Dividends and Payment Agents

Not applicable.

G. Statement by Experts

Not applicable.

H. Documents on Display

You may request a copy of this Annual Report and the related exhibits, and any other report, at no cost, by writing to us at Floor 22, 100 Queens Quay East, Toronto, Canada, M5E 1V3 or calling us at (416) 780-9850. Copies of our financial statements and other continuous disclosure documents required under applicable securities legislation are available for viewing on SEDAR+ at https://www.sedarplus.ca. All of the documents referred to are in English.

We are subject to the informational requirements of the Exchange Act and are required to file reports and other information with the SEC. The SEC maintains a website at www.sec.gov that contains reports, proxy and information statements, and other information regarding registrants that make electronic filings with the SEC using its EDGAR system.

We also make available on our website’s investor relations page, free of charge, our Annual Report and the text of our reports on Form 6-K, including any amendments to these reports, as well as certain other SEC filings, as soon as reasonably practicable after they are electronically filed with or furnished to the SEC. The information contained on our website is not incorporated by reference in this Annual Report.

I. Subsidiary Information

Not applicable.

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ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Please see Item 5 — “Operating and Financial Review and Prospects” — “Quantitative and Qualitative Disclosures About Market Risk”.

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

Not applicable.

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PART II

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

None.

ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

A. – D. Material Modifications to the Rights of Security Holders

None.

E. Use of Proceeds

None.

ITEM 15. CONTROLS AND PROCEDURES

A. – D.

See Item 5. - “Operating and Financial Review and Prospects” - “Management’s Discussion and Analysis of Financial Condition and Results of Operations” - “Disclosure Controls and Procedures”, and “Management’s Annual Report on Internal Control over Financial Reporting”.

See Annual Consolidated Financial Statements. – “Report of Independent Registered Public Accounting Firm”.

ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT

Our audit committee is comprised of Messrs. Stephen Gunn, John Davison and Gary Saage, with Mr. Davison serving as chairman of the committee. Messrs. Gunn, Davison and Saage each meet the independence requirements under the rules of the New York Stock Exchange and under Rule 10A-3 under the Exchange Act. We have determined that Mr. Davison is an “audit committee financial expert” within the meaning of Item 407 of Regulation S-K. For information relating to qualifications and experience of each audit committee member, see Item 6 - “Directors, Senior Management and Employees”.

ITEM 16B. CODE OF ETHICS

Our board of directors has adopted a code of ethics applicable our principal executive officer, principal financial officer, principal accounting officer or controller, and persons performing similar functions. This code is intended to qualify as a “code of ethics” within the meaning of the applicable rules of the SEC. Our code of ethics is available on our website at https://investor.canadagoose.com/corporate-governance/governance-overview. Information contained on, or that can be accessed through, our website is not incorporated by reference into this Annual Report.

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ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Principal Accountant Fees and Services

The following table summarizes the fees charged by Deloitte LLP (PCAOB ID No. 1208) for certain services rendered to our company during fiscal 2024 and fiscal 2023.

	Year ended
CAD $ millions	March 31, 2024	April 2, 2023
Audit fees(1)	4.3	3.7
Audit-related fees(2)	0.2	0.2
Tax fees(3)	3.0	2.7
All other fees(4)	—	0.2
Total	7.5	6.8

(1)“Audit fees” means the aggregate fees billed in each of the fiscal years for professional services rendered by Deloitte LLP for the audit of our annual financial statements and review of our interim financial statements.

(2)“Audit-related fees” includes assurance and related services reasonably related to the financial statement audit and not included in audit services.

(3)“Tax fees” means the aggregate fees billed in each of the fiscal years for professional services rendered by Deloitte LLP for tax compliance and tax advice.

(4)“All other fees” includes the aggregate fees billed in each of the fiscal years for non-audit services rendered which were not listed above.

Audit Committee Pre-Approval Policies and Procedures

Our audit committee reviews and pre-approves the scope and the cost of audit services related to us and permissible non-audit services performed by the independent auditors, other than those for de minimis services which are approved by the audit committee prior to the completion of the audit. All of the services related to our company provided by Deloitte LLP listed above have been pre-approved by the audit committee.

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

Not applicable.

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

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Period	(a) Total Number of Shares (or Units) Purchased	(b) Average Price Paid per Shares (or Units)			(c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs	(d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs
April 1 to April 30, 2023	250,100 subordinate voting shares	247,600 subordinate voting shares bought at an average price of $24.8114 2,500 subordinate voting shares bought at an average price of $24.9396			9,032,332 subordinate voting shares	1,891,857 subordinate voting shares
May 1 to May 31, 2023	456,035 subordinate voting shares	362,211 subordinate voting shares bought at an average price of $22.0035 93,824 subordinate voting shares bought at an average price of $22.0795
June 1 to June 30, 2023	450,824 subordinate voting shares	441,559 subordinate voting shares bought at an average price of $22.1877     9,265 subordinate voting shares bought at an average price of $21.8918
July 1 to June 31, 2023	422,544 subordinate voting shares	351,336 subordinate voting shares bought at an average price of $23.5904     71,208 subordinate voting shares bought at an average price of $23.1044
August 1 to August 31, 2023	468,429 subordinate voting shares	450,648 subordinate voting shares bought at an average price of $21.3434     17,781subordinate voting shares bought at an average price of $21.4622
September 1 to September 30, 2023	473,569 subordinate voting shares	464,108 subordinate voting shares bought at an average price of $21.1138     9,461 subordinate voting shares bought at an average price of $21.2307
October 1- to October 31, 2023	570,057 subordinate voting shares	531,583 subordinate voting shares bought at an average price of $17.4839     38,474 subordinate voting shares bought at an average price of $17.2699
November 1 to November 30, 2023	1,674,801 subordinate voting shares	1,145,151 subordinate voting shares bought at an average price of $14.4949	32,174 subordinate voting shares bought at an average price of $14.3755 471,530 subordinate voting shares bought at an average price of $14.7597	25,946 subordinate voting shares bought at an average price of $14.7119
December 1 to December 31, 2023	1,365,074 subordinate voting shares	1,340,328 subordinate voting shares bought at an average price of $16.2309     24,746 subordinate voting shares bought at an average price of $16.2271
January 1 to January 31, 2024	1,579,928 subordinate voting shares	1,555,628 subordinate voting shares bought at an average price of $15.8195     24,300 subordinate voting shares bought at an average price of $15.7115
February 1 to February 29, 2024	143,646 subordinate voting shares	142,546 subordinate voting shares bought at an average price of $16.9589     1,100 subordinate voting shares bought at an average price of $16.8509
March 1 to March 31, 2024	Nil	Nil

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(1) On November 18, 2022, the Company announced the authorization of a normal course issuer bid to purchase for cancellation up to 5,421,685 subordinate voting shares of the company over the 12-month period commencing on November 22, 2022, and ending no later than November 21, 2023.

(2) On November 17, 2023, the Company announced the renewal of its normal course issuer bid to purchase for cancellation up to 4,980,505 subordinate voting shares of the company over the 12-month period commencing on November 22, 2023, and ending no later than November 21, 2024.

ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT

Not applicable.

ITEM 16G. CORPORATE GOVERNANCE

The listing rules of the NYSE (the “NYSE Listing Rules”), include certain accommodations in the corporate governance requirements that allow foreign private issuers, such as us, to follow “home country” corporate governance practices in lieu of the otherwise applicable corporate governance standards of the NYSE. The application of such exceptions requires that we disclose any significant ways that our corporate governance practices differ from the NYSE Listing Rules that we do not follow. We are currently a “controlled company” as defined in the NYSE Listing Rules. Upon ceasing to be a “controlled company”, as a foreign private issuer, we intend to continue to follow Canadian corporate governance practices and TSX rules in lieu of the corporate governance requirements of the NYSE in respect of the following:

•the requirement under Section 303A.01 of the NYSE Listing Rules that a majority of the board be comprised of independent directors;

•the requirement under Section 303A.04 of the NYSE Listing Rules that director nominees be selected or recommended for selection by a nominations committee comprised solely of independent directors and to post the charter for that committee on our investor website;

•the requirement under Section 303A.05 of the NYSE Listing Rules to have a compensation committee that is comprised solely of independent directors and to post the charter for that committee on our investor website;

•the requirement under Section 303A.08 of the NYSE Listing Rules that shareholders be given the opportunity to vote on all equity-compensation plans and material revisions thereto; and

•the requirement under Section 303A.09 of the NYSE Listing Rules to have a set of corporate governance guidelines and to disclose such guidelines on our investor website.

The NYSE Listing Rules generally require that a listed company’s articles provide for a quorum for any meeting of the holders of the company’s voting shares that is sufficiently high to ensure a representative vote. Pursuant to the NYSE Listing Rules, the company, as a foreign private issuer, has elected to comply with practices that are permitted under Canadian securities laws in lieu of the provisions of NYSE. The company’s articles provide that a quorum of shareholders shall be shareholders present in person or represented by proxy who, together, hold not less than 25% of the issued shares plus at least a majority of multiple voting shares entitled to be voted at the meeting. We may in the future decide to use other foreign private issuer exemptions with respect to some of the other NYSE Listing Rules. Following the company’s home country governance practices, as opposed to the requirements that would otherwise apply to a company

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listed on the NYSE, may provide less protection than is accorded to investors under the NYSE Listing Rules applicable to U.S. domestic issuers.

ITEM 16H. MINE SAFETY DISCLOSURE

Not applicable.

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ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not applicable.

ITEM 16J. INSIDER TRADING POLICIES

We have adopted an insider trading policy, which governs the purchase, sale and other dispositions of our securities by our directors, officers and other employees. This policy promotes compliance with applicable securities laws and regulations, including those that prohibit insider trading. A copy of our Insider Trading Policy is filed as an exhibit to this annual report on Form 20-F.

ITEM 16K. CYBERSECURITY

Cybersecurity Risk Management and Strategy

The safety and security of our customers and team members is our top priority. This includes working to put in place appropriate administrative, physical and technical cybersecurity safeguards to help protect the confidentiality, integrity, and availability of the data assets that keep our operation running and securely store the information in our care. We have developed and implemented a cybersecurity risk management program intended to protect the Company and its customers from data loss, unauthorized access, use or disclosure of data as well as to prevent service interruptions.

Our cybersecurity team is tasked with assessing, identifying and managing risks related to cybersecurity threats and is responsible for:

•proactive detection and assessment of threats and vulnerabilities through vulnerability testing, penetration testing and attack simulation;

•development of risk-based action plans to manage identified vulnerabilities and implementation of new protocols and infrastructure improvements;

•cybersecurity incident investigations, with the assistance of third-party experts as required;

•monitoring threats to sensitive data and unauthorized access to Company systems, with assistance of third-party data loss prevention software and a third-party security operations center;

•performing cybersecurity risk assessments of key vendors and counterparties to ensure compliance with our and our clients’ cybersecurity standards;

•developing and executing protocols to ensure that information regarding cybersecurity incidents is promptly shared with our executive leadership team, Audit Committee and Board, as appropriate, to allow for risk and materiality assessments and to consider disclosure and notice requirements;

•developing and implementing periodic training on cybersecurity, information security and threat awareness; and

•collaborating with law enforcement and other companies on cybersecurity incidents and best practices.

There were no cybersecurity incidents during the year ended March 31, 2024, that resulted in an interruption to our operations, known losses of any critical data or otherwise had a material impact on the Company’s strategy, financial condition or results of operations. However, the

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scope and impact of any future incident cannot be predicted. See “Item 3D—Risk Factors” for more information on how material cybersecurity attacks may impact our business.

Governance

Our cybersecurity risk management program is overseen by our Chief Digital Officer (“CDO”) and our Chief Technology Officer (“CTO”). The CDO and CTO assist the Board of Directors and our senior leadership team in fulfilling their responsibilities for cybersecurity governance, approval and oversight through the periodic reporting and review of security strategy and risk management practices. The Company’s current CDO has over twenty years of experience in e-commerce, digital experience and strategy, information technology, and social and omnichannel. He has held several digital marketing leadership roles across a variety of organizations. Our current CTO has over twenty years of experience in information security, and her background includes technical experience, strategy and architecture focused roles, cyber and threat experience, and various leadership roles. Our cybersecurity risk management program is integrated into our overall risk management processes and shares common reporting channels and governance processes that apply across the enterprise to other legal, compliance, strategic, operational, and financial risk governance programs.

Our Board recognizes the importance of robust cybersecurity management programs and is actively engaged in overseeing and reviewing the Company’s cybersecurity risk profile and exposures. Our Board has delegated the oversight of our process for assessing, identifying and managing material risks related to cybersecurity threats to the Audit Committee.

The responsibilities of the Audit Committee include reviewing the cybersecurity threat landscape facing the Company, as well as our strategy, policies and procedures to mitigate cybersecurity risks and any significant cybersecurity incidents. The Audit Committee also considers the impact of emerging cybersecurity developments and regulations that may affect the Company.

The Audit Committee and the Board meet periodically with relevant members of management, including the CDO and CTO, who provide reports on cybersecurity matters including, among others: recent external cybersecurity threats and attack trends; updates to threat monitoring processes; the composition of our cybersecurity team; cybersecurity awareness training and stress testing; cybersecurity strategy; cybersecurity metrics, assessments and peer ratings; and cybersecurity programs. The Audit Committee has also directed management to inform the committee promptly and, when appropriate the Board, of any investigation of a material cybersecurity incident. Where an update has not been provided directly to the Board, the Audit Committee provides the full Board with updates on cybersecurity risks and incidents and other matters as needed, and reports to the Board on an ad hoc basis with respect to material incidents and other developments that the Audit Committee believes should have the Board of directors’ consideration. The Audit Committee and the Board may, third party advisors and experts, and meet with the Company’s external advisors on cybersecurity matters, as appropriate.

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PART III

ITEM 17. FINANCIAL STATEMENTS.

See Item 18. — “Financial Statements”.

ITEM 18. FINANCIAL STATEMENTS.

Our Annual Financial Statements are included at the end of this Annual Report.

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ITEM 19. EXHIBITS

EXHIBIT INDEX

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1.1	Articles of Canada Goose Holdings Inc. (incorporated by reference to Exhibit 1.1 to our Annual Report on Form 20-F (file no. 001-38027) filed with the SEC on June 6, 2017)
2.1	Form of Share Certificate for Subordinate Voting Shares (incorporated by reference to Exhibit 4.1 to our Registration Statement on Form F-1 (file no. 333-216078) filed with the SEC on March 1, 2017)
2.2	Description of Securities (incorporated by reference to Exhibit 2.2 to our Annual Report on Form 20-F (file no. 001-38027) filed with the SEC on May 13, 2021)
4.1	Investor Rights Agreement by and among Canada Goose Holdings Inc. and certain shareholders of Canada Goose Holdings Inc. (incorporated by reference to Exhibit 10.1 to our Registration Statement on Form F-1 (file no. 333-216078) filed with the SEC on March 10, 2017)
4.2	Coattail Agreement, between Canada Goose Holdings Inc., certain shareholders of Canada Goose Holdings Inc. and Computershare Trust Company of Canada (incorporated by reference to Exhibit 4.2 to our Annual Report on Form 20-F (file no. 001-38027) filed with the SEC on June 6, 2017)
4.3	Conformed Copy of Credit Agreement dated December 2, 2016, by and among Canada Goose Holdings Inc., Canada Goose Inc. and Credit Suisse AG, Cayman Islands Branch
4.4	Conformed Copy of Third Amended and Restated Credit Agreement dated May 15, 2023 between Canada Goose Holdings Inc., Canada Goose Inc., Canada Goose International AG, and Canadian Imperial Bank of Commerce.
4.5	Canada Goose Holdings Inc. Amended and Restated Stock Option Plan (incorporated by reference to Exhibit 4.17 to our Annual Report on Form 20-F (file no. 001-38027) filed with the SEC on June 6, 2017)
4.6	Canada Goose Holdings Inc. Omnibus Incentive Plan (incorporated by reference to Exhibit 4.16 to our Annual Report on Form 20-F (file no. 001-38027) filed with the SEC on May 13, 2021)
4.7	Form of Option Agreement under the Omnibus Incentive Plan (incorporated by reference to Exhibit 10.19 to our Registration Statement on Form F-1 (file no. 333-216078) filed with the SEC on March 1, 2017)
4.8	Board Director’s Agreement dated September 17, 2015, by and between Canada Goose International AG and Daniel Reiss (incorporated by reference to Exhibit 10.21 to our Registration Statement on Form F-1 (file no. 333-216078) filed with the SEC on February 15, 2017)
4.9	Canada Goose Holdings Inc. Employee Share Purchase Plan (incorporated by reference to Exhibit 4.28 to our Annual Report on Form 20-F (file no. 001-38027) filed with the SEC on June 6, 2017)
4.10	Form of Indemnification Agreement for Directors and Officers (incorporated by reference to Exhibit 10.28 to our Registration statement on Form F-1 (file no. 333-216078) filed with the SEC on February 15, 2017)
8.1	Subsidiaries of Canada Goose Holdings Inc.
12.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
12.2	Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
13.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
13.2	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
15.1	Consent of Deloitte LLP
19.1	Insider Trading Policy
97.1	Clawback Policy

-143-

SIGNATURES

The registrant hereby certifies that it meets all of the requirements for filing on annual report on Form 20-F and that it has duly caused and authorized the undersigned to sign this annual report on its behalf.

Canada Goose Holdings Inc.
By:	/s/ Neil Bowden
Name:	Neil Bowden
Title:	Chief Financial Officer

Date: May 16, 2024

-144-

Canada Goose Holdings Inc.

Annual Consolidated Financial Statements

March 31, 2024

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the Board of Directors of Canada Goose Holdings Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated statements of financial position of Canada Goose Holdings Inc. and subsidiaries (the "Company") as of March 31, 2024 and April 2, 2023, the related consolidated statements of income, comprehensive income, changes in equity, and cash flows for each of the three years in the period ended March 31, 2024, and the related notes and the schedule of Condensed Financial Information of Canada Goose Holdings Inc. (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2024 and April 2, 2023 and its financial performance and its cash flows for each of the three years in the period ended March 31, 2024, in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of March 31, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated May 15, 2024, expressed an unqualified opinion on the Company's internal control over financial reporting.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current-period audit of the financial statements that was communicated or required to be communicated to the audit committee and that (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgements. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

F-2

Inventory Obsolescence– Refer to Notes 2k, 3 and 10 to the financial statements

Critical Audit Matter Description

Inventory comprises raw materials, work-in-process and finished goods and is carried at the lower of cost and net realizable value. In estimating net realizable value, the Company uses estimates related to fluctuations in inventory levels, planned production, customer behaviour, obsolescence, future selling prices, seasonality and costs necessary to sell the inventory. As a result of management’s analysis, included in inventory are provisions for obsolete inventory.

Given the importance of inventory to the Company’s operations and the judgement involved in determining net realizable value related to finished goods inventory, specifically estimated future revenue (future selling prices and product demand); our audit procedures involved a high degree of auditor judgement and an increased extent of audit effort.

How the Critical Audit Matter Was Addressed in the Audit

Our audit procedures related to the future revenue used in determining net realizable value related to finished good inventory included the following, among others:

•Evaluated the effectiveness of controls, including those related to management’s process for developing the estimates used in the determination of net realizable value and the provisions for obsolete inventory.

•Analyzed inventory levels and revenue to evaluate the completeness of management’s identified population of inventory with obsolescence exposure.

•Performed a retrospective review on the prior year estimated future revenue and compared it to current year activity to evaluate management's ability to accurately estimate the net realizable value.

•Evaluated the reasonableness of future selling prices and product demand by:

◦Comparing future selling price assumptions to historical trends and recent transactions.

◦Assessing management’s merchandising strategy to evaluate the reasonableness of management’s assumptions relating to the expected impact on overall product demand.

◦Considering industry trends and evidence obtained in other areas of the audit.

/s/ Deloitte LLP

Chartered Professional Accountants

Licensed Public Accountants

Toronto, Canada

May 15, 2024

We have served as the Company's auditor since fiscal 2010.

F-3

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders and the Board of Directors of Canada Goose Holdings Inc.

Opinion on Internal Control over Financial Reporting

We have audited the internal control over financial reporting of Canada Goose Holdings Inc. and subsidiaries (the “Company”) as of March 31, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of March 31, 2024, based on criteria established in Internal Control-Integrated Framework (2013) issued by COSO.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended March 31, 2024, of the Company and our report dated May 15, 2024, expressed an unqualified opinion on those financial statements.

Basis for Opinion

The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

Definition and Limitations of Internal Control over Financial Reporting

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are

F-4

subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Deloitte LLP

Chartered Professional Accountants

Licensed Public Accountants

Toronto, Canada

May 15, 2024

F-5

Consolidated Statements of Income

(in millions of Canadian dollars, except per share amounts)

		Year ended
	Notes	March 31, 2024		April 2, 2023		April 3, 2022
				Reclassified		Reclassified
		$		$		$
Revenue	6	1,333.8		1,217.0		1,098.4
Cost of sales	10	416.4		401.8		364.8
Gross profit		917.4		815.2		733.6
Selling, general & administrative expenses	11, 12, 13	792.9		667.6		574.1
Operating income	6	124.5		147.6		159.5
Net interest, finance and other costs	17	48.8		54.1		41.8
Income before income taxes		75.7		93.5		117.7
Income tax expense	7	17.6		24.6		23.1
Net income		58.1		68.9		94.6
Attributable to:
Shareholders of the Company		58.4		72.7		94.6
Non-controlling interest		(0.3)		(3.8)		—
Net income		58.1		68.9		94.6
Earnings per share attributable to shareholders of the Company
Basic	8	$	0.58	$	0.69	$	0.87
Diluted	8	$	0.57	$	0.69	$	0.87

The accompanying notes to the consolidated financial statements are an integral part of these financial statements.

F-6

Consolidated Statements of Comprehensive Income

(in millions of Canadian dollars, except per share amounts)

		Year ended
	Notes	March 31, 2024	April 2, 2023	April 3, 2022
		$	$	$
Net income		58.1	68.9	94.6
Other comprehensive income (loss)
Items that will not be reclassified to earnings, net of tax:
Actuarial gain on post-employment obligation		—	0.6	0.1
Items that may be reclassified to earnings, net of tax:
Cumulative translation adjustment (loss) gain		(0.2)	16.1	(25.5)
Net (loss) gain on derivatives designated as cash flow hedges	22	(0.5)	0.4	8.7
Reclassification of net (gain) loss on cash flow hedges to income	22	(1.1)	6.0	4.7
Other comprehensive (loss) income		(1.8)	23.1	(12.0)
Comprehensive income		56.3	92.0	82.6
Attributable to:
Shareholders of the Company		57.8	95.7	82.6
Non-controlling interest		(1.5)	(3.7)	—
Comprehensive income		56.3	92.0	82.6

The accompanying notes to the consolidated financial statements are an integral part of these financial statements.

F-7

Consolidated Statements of Financial Position

(in millions of Canadian dollars)

	Notes	March 31, 2024	April 2, 2023
Assets		$	$
Current assets
Cash		144.9	286.5
Trade receivables	5, 9	70.4	50.9
Inventories	5, 10	445.2	472.6
Income taxes receivable		28.0	0.9
Other current assets	21	52.3	52.3
Total current assets		740.8	863.2
Deferred income taxes	7	76.3	67.5
Property, plant and equipment	5, 11	171.8	156.0
Intangible assets	12	135.1	135.1
Right-of-use assets	5, 13	279.8	291.8
Goodwill	5, 14	70.8	63.9
Other long-term assets	21	7.0	12.5
Total assets		1,481.6	1,590.0
Liabilities
Current liabilities
Accounts payable and accrued liabilities	5, 15, 21	177.7	195.6
Provisions	16	26.1	21.6
Income taxes payable		16.8	31.5
Short-term borrowings	17	9.4	27.6
Current portion of lease liabilities	5, 13	79.9	76.1
Total current liabilities		309.9	352.4
Provisions	16	37.3	36.5
Deferred income taxes	7	17.2	16.4
Revolving Facility	17	—	—
Term Loan	17	388.5	391.6
Lease liabilities	5, 13	250.6	258.7
Other long-term liabilities	21	54.6	56.9
Total liabilities		1,058.1	1,112.5
Equity	18
Equity attributable to shareholders of the Company		417.0	469.5
Non-controlling interests		6.5	8.0
Total equity		423.5	477.5
Total liabilities and equity		1,481.6	1,590.0

The accompanying notes to the consolidated financial statements are an integral part of these financial statements.

F-8

Consolidated Statements of Changes in Equity

(in millions of Canadian dollars)

		Share capital			Contributed surplus	Retained earnings	Accumulated other comprehensive (loss) income	Total attributable to shareholders	Non-controlling interest	Total
	Notes	Multiple voting shares	Subordinate voting shares	Total
		$	$	$	$	$	$	$	$	$
Balance at March 28, 2021		1.4	119.1	120.5	25.2	437.1	(5.2)	577.6	—	577.6
Normal course issuer bid purchase of subordinate voting shares	18	—	(11.9)	(11.9)	—	(241.3)	—	(253.2)	—	(253.2)
Issuance of shares	18	—	9.9	9.9	(2.8)	—	—	7.1	—	7.1
Net income		—	—	—	—	94.6	—	94.6	—	94.6
Other comprehensive loss		—	—	—	—	—	(12.0)	(12.0)	—	(12.0)
Share-based payment	19	—	—	—	14.0	—	—	14.0	—	14.0
Deferred tax on share-based payment		—	—	—	(0.2)	—	—	(0.2)	—	(0.2)
Balance at April 3, 2022		1.4	117.1	118.5	36.2	290.4	(17.2)	427.9	—	427.9
Non-controlling interest on business combination		—	—	—	—	—	—	—	11.7	11.7
Put option for non-controlling interest		—	—	—	—	(21.2)	—	(21.2)	—	(21.2)
Normal course issuer bid purchase of subordinate voting shares	18	—	(2.4)	(2.4)	—	(24.3)	—	(26.7)	—	(26.7)
Normal course issuer bid purchase of subordinate voting shares held for cancellation	18	—	(0.1)	(0.1)	—	(1.1)	—	(1.2)	—	(1.2)
Liability to broker under automatic share purchase plan	18	—	—	—	(20.0)	—	—	(20.0)	—	(20.0)
Issuance of shares	18	—	2.7	2.7	(2.7)	—	—	—	—	—
Net income (loss)		—	—	—	—	72.7	—	72.7	(3.8)	68.9
Other comprehensive income		—	—	—	—	—	23.0	23.0	0.1	23.1
Share-based payment	19	—	—	—	15.0	—	—	15.0	—	15.0
Balance at April 2, 2023		1.4	117.3	118.7	28.5	316.5	5.8	469.5	8.0	477.5
Normal course issuer bid purchase of subordinate voting shares	18	—	(17.8)	(17.8)	—	(122.4)	—	(140.2)	—	(140.2)
Liability to broker under automatic share purchase plan	18	—	—	—	20.0	—	—	20.0	—	20.0
Issuance of shares	18	—	4.0	4.0	(3.9)	—	—	0.1	—	0.1
Net income (loss)		—	—	—	—	58.4	—	58.4	(0.3)	58.1
Other comprehensive loss		—	—	—	—	—	(0.6)	(0.6)	(1.2)	(1.8)
Share-based payment	19	—	—	—	9.8	—	—	9.8	—	9.8
Balance at March 31, 2024		1.4	103.5	104.9	54.4	252.5	5.2	417.0	6.5	423.5

The accompanying notes to the consolidated financial statements are an integral part of these financial statements.

F-9

Consolidated Statements of Cash Flows

(in millions of Canadian dollars)

		Year ended
	Notes	March 31, 2024	April 2, 2023	April 3, 2022
		$	$	$
Operating activities
Net income		58.1	68.9	94.6
Items not affecting cash:
Depreciation and amortization	6, 11, 12, 13	126.0	109.1	95.8
Income tax expense	7	17.6	24.6	23.1
Interest expense	17	44.4	34.0	38.1
Foreign exchange loss		0.8	0.3	9.0
Acceleration of unamortized costs on debt extinguishment	17	—	—	9.5
Impairment losses	11, 13	1.2	1.0	7.7
Loss (gain) on disposal of assets		0.1	(0.1)	0.1
Share-based payment	19	10.2	15.0	14.0
Remeasurement of put option	21	1.6	10.9	—
Remeasurement of contingent consideration	21	2.8	(2.9)	—
		262.8	260.8	291.9
Changes in non-cash operating items	23	10.5	(75.4)	(82.8)
Income taxes paid		(66.3)	(37.0)	(25.2)
Interest paid		(42.4)	(32.1)	(32.3)
Net cash from operating activities		164.6	116.3	151.6
Investing activities
Purchase of property, plant and equipment	11	(54.9)	(45.2)	(34.5)
Investment in intangible assets	12	(1.0)	(2.2)	(1.5)
Initial direct costs of right-of-use assets	13	(0.6)	(0.7)	(1.2)
Net cash (outflow) inflow from business combination	5	(15.9)	2.8	—
Net cash used in investing activities		(72.4)	(45.3)	(37.2)
Financing activities
Mainland China Facilities (repayments) borrowings	17	(9.8)	9.8	—
Japan Facility repayments	17	(8.3)	(5.7)	—
Term Loan repayments	17	(4.0)	(4.0)	(4.7)
Revolving Facility (repayments) borrowings	17	—	(0.5)	0.5
Transaction costs on financing activities	17	(0.2)	—	(1.0)
Normal course issuer bid purchase of subordinate voting shares	18	(141.4)	(26.7)	(253.2)
Principal payments on lease liabilities	13	(69.2)	(62.2)	(46.9)
Settlement of term loan derivative contracts	22	—	8.6	—
Issuance of shares	19	0.1	—	7.1
Net cash used in financing activities		(232.8)	(80.7)	(298.2)
Effects of foreign currency exchange rate changes on cash		(1.0)	8.5	(6.4)
Decrease in cash		(141.6)	(1.2)	(190.2)
Cash, beginning of period		286.5	287.7	477.9
Cash, end of period		144.9	286.5	287.7

The accompanying notes to the consolidated financial statements are an integral part of these financial statements.

F-10

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 1.    The Company

Organization

Canada Goose Holdings Inc. and its subsidiaries (the “Company”) design, manufacture, and sell performance luxury apparel for men, women, youth, children, and babies. The Company’s product offerings include various styles of parkas, lightweight down jackets, rainwear, windwear, apparel, fleece, footwear, and accessories for the fall, winter, and spring seasons. The Company’s head office is located at 100 Queens Quay East, Toronto, Canada, M5E 1V3. The use of the terms “Canada Goose”, “we”, and “our” throughout these notes to the consolidated financial statements refer to the Company.

Canada Goose is a public company listed on the Toronto Stock Exchange and the New York Stock Exchange under the trading symbol “GOOS”. The principal shareholders of the Company are investment funds advised by Bain Capital LP and its affiliates (“Bain Capital”), and DTR LLC, (“DTR”), an entity indirectly controlled by the Chairman and Chief Executive Officer of the Company. The principal shareholders hold multiple voting shares representing 52.8% of the total shares outstanding as at March 31, 2024, or 91.8% of the combined voting power of the total voting shares outstanding. Subordinate voting shares that trade on public markets represent 47.2% of the total shares outstanding as at March 31, 2024, or 8.2% of the combined voting power of the total voting shares outstanding.

Statement of compliance

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

These consolidated financial statements were authorized for issuance by the Company’s Board of Directors on May 15, 2024.

Fiscal year

The Company's fiscal year is a 52 or 53-week reporting cycle with the fiscal year ending on the Sunday closest to March 31. Each fiscal quarter is 13 weeks for a 52-week fiscal year. The additional week in a 53-week fiscal year is added to the third quarter. Fiscal 2022 was the first 53-week fiscal year, which ended on April 3, 2022. Fiscal 2024 is a 52-week fiscal year.

Operating segments

The Company classifies its business in three operating and reportable segments: Direct-to-Consumer (“DTC”), Wholesale, and Other. The DTC segment comprises sales through country-specific e-Commerce platforms available across numerous markets, which includes the newly launched recommerce platform Canada Goose Generations, currently available in the United States and Canada, and our Company-owned retail stores located in luxury shopping locations.

The Wholesale segment comprises sales made to a mix of retailers and international distributors, who are partners that have exclusive rights to an entire market. The Wholesale segment includes the introduction of travel retail in the second quarter of fiscal 2024.

The Other segment comprises revenue and costs that are not related to the Company’s DTC or Wholesale segments, such as sales to employees, friends and family sales, and results from the

F-11

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

newly acquired Paola Confectii business (see "Note 5. Business Combinations" for details and definitions).

Seasonality

Our business is seasonal, and we have historically realized a significant portion of our Wholesale revenue and operating income in the second and third quarters of the fiscal year and DTC revenue and operating income in the third and fourth quarters of the fiscal year. Thus, lower-than-expected revenue in these periods could have an adverse impact on our annual operating results.

Cash flows from operating activities are typically highest in the third and fourth quarters of the fiscal year due to revenue from the DTC segment and the collection of trade receivables from Wholesale revenue earlier in the year. Working capital requirements typically increase as inventory builds. Borrowings have historically increased in the first and second quarters and been repaid in the third quarter of the fiscal year.

Note 2.    Material accounting policy information

(a)Basis of presentation

The consolidated financial statements are presented in Canadian dollars, the Company’s functional and presentation currency.

These consolidated financial statements have been prepared on the historical cost basis except for the following items, which are recorded at fair value:

•financial instruments, including derivative financial instruments, at fair value in other comprehensive income and through profit or loss as described in “Note 21. Financial instruments and fair values” and

•initial recognition of assets acquired and liabilities assumed in a business combination.

Certain comparative figures have been reclassified to conform with the current year presentation. Foreign exchange gains and losses related to the outstanding principal balance on the Term Loan, net of hedging, are reflected in the presentation of net interest, finance and other costs as outlined below (see “Note 17. Borrowings” for details and definitions); previously this was presented in SG&A expenses. This change was made to present all financing costs related to the Term Loan within the same financial statement caption in the consolidated statements of income. For the year ended April 2, 2023 and April 3, 2022, the Company reclassified foreign exchange losses of $12.1m and $2.8m, respectively. This reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year.

As at March 31, 2024, the Company amended the allocation basis for certain SG&A expenses between the operating segments to provide more relevant information on financial performance of each operating segment. The reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year. Comparative figures have been reclassified to conform with the current year presentation.

F-11

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

(b)Principles of consolidation

The consolidated financial statements include the accounts of Canada Goose Holdings Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.

(c)Foreign currency translation and transactions

The functional currency of each of the Company’s subsidiaries is the currency of the primary economic environment in which each entity operates. The assets and liabilities of subsidiaries whose functional currency is not the Canadian dollar are translated into the functional currency of the Company using the exchange rate at the reporting date. Revenues and expenses are translated at exchange rates prevailing at the transaction date. The resulting foreign exchange translation differences are recorded as a currency translation adjustment in other comprehensive income.

Foreign currency transactions are translated into the functional currency of each of the Company’s subsidiaries using the exchange rates prevailing at the date of the transactions or valuation when items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the changes at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statements of income in SG&A expenses, except when included in other comprehensive income for qualifying cash flow and net investment hedges.

    Functional currency of subsidiary

Each entity within the Company determines its functional currency based on the primary economic environment in which the entity operates. Once an entity's functional currency is determined, it is not changed unless there is a change to the underlying transactions, events, and conditions that determine the entity's primary economic environment.

(d)Revenue recognition

Revenue comprises DTC, Wholesale and Other segment revenues. Revenue is measured at the amount of consideration to which the Company expects to be entitled in exchange for the sale of goods in the ordinary course of the Company’s activities. Revenue is presented net of sales tax, estimated returns, sales allowances, and discounts. The Company recognizes revenue when the Company has agreed terms with its customers, the contractual rights and payment terms have been identified, the contract has commercial substance, it is probable that consideration will be collected by the Company, and when control of the goods is transferred to the customer.

It is the Company’s policy to sell merchandise through the DTC channel with a limited right of return, typically within 30 days. Accumulated experience is used to estimate and provide for such returns.

F-12

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

(e)Business combination

Acquisitions of businesses are accounted for using the acquisition method as of the acquisition date, which is the date when control is transferred to the Company. The consideration transferred in a business combination is measured at fair value, calculated as the sum of the acquisition date fair values of the assets transferred, liabilities incurred by the Company, and the equity interests issued by the Company in exchange for control of the acquiree. Transaction costs that the Company incurs in connection with a business combination are recognized in the statements of income as incurred.

Goodwill is measured as the excess of the sum of the fair value of the consideration transferred over the net of the acquisition date amounts of the identifiable assets acquired and the liabilities assumed.

When the consideration transferred in a business combination includes contingent consideration, the contingent consideration is measured at its acquisition date fair value. Contingent consideration is remeasured at subsequent reporting dates at its fair value, and the resulting gain or loss recognized in the statements of income.

(f)Non-controlling interest

Non-controlling interest is measured based on the proportionate share of the acquiree's identifiable net assets. Transactions with non-controlling interests are treated as transactions with equity owners of the Company. Changes in the Company's ownership interest are accounted for as equity transactions.

(g)Earnings per share

Basic earnings per share is calculated by dividing net income attributable to ordinary equity holders by the weighted average number of multiple and subordinate voting shares outstanding during the year.

Diluted earnings per share is calculated by dividing net income attributable to ordinary equity holders of the Company by the weighted average number of multiple and subordinate voting shares outstanding during the year plus the weighted average number of subordinate shares that would be issued on the exercise of stock options and settlement of restricted share units (“RSUs”) and performance share units (“PSUs”).

(h)Income taxes

Current and deferred income taxes are recognized in the statements of income, except when it relates to a business combination, or items recognized in equity or in other comprehensive income.

Current income tax

Current income tax is the expected income tax payable or receivable on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to income tax payable in respect of previous years.

F-13

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Deferred income tax

Deferred income tax is provided using the liability method for temporary differences at the reporting date between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred income tax is measured using enacted or substantively enacted income tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. A deferred tax asset is recognized for unused income tax losses and credits to the extent that it is probable that future taxable income will be available against which they can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable income will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.

Deferred income tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current income tax assets against current income tax liabilities and the deferred tax relates to the same taxable entity and the same taxation authority.

Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future.

As disclosed in Note 4. Changes in accounting policies, the Company has applied the mandatory exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two rules in accordance with amendments to IAS 12 Income Taxes.

(i)Cash

Cash consists of cash and cash equivalents, including cash on hand, deposits in banks, and short-term deposits with maturities of less than three months. The Company uses the indirect method of reporting cash flows from operating activities.

(j)Trade receivables

Trade receivables, including credit card receivables, consist of amounts owing on product sales where we have extended credit to customers, and are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less expected credit loss and sales allowances. The allowance for expected credit losses is recorded against trade receivables and is based on historical experience.

F-14

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

(k)Inventories

Raw materials, work-in-process, and finished goods are valued at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. The cost of work-in-process and finished goods inventories include the cost of raw materials and an applicable share of the cost of labour and fixed and variable production overhead costs, including the depreciation of property, plant and equipment used in the production of finished goods, design costs, and other costs incurred to bring the inventories to their present location and condition.

The Company estimates net realizable value as the amount at which inventories are expected to be sold, taking into consideration fluctuations in selling prices due to seasonality, less estimated costs necessary to complete the sale.

Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. Inventory is adjusted to reflect estimated loss (“shrinkage”) incurred since the last inventory count. Shrinkage is based on historical experience. When circumstances that previously caused inventories to be written down below cost no longer exist or when there is clear evidence of an increase in realizable value, the amount of the write-down previously recorded is reversed.

Storage costs, indirect administrative overhead and certain selling costs related to inventories are expensed in the period that these costs are incurred.

(l)Property, plant and equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation and any accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset, including costs incurred to prepare the asset for its intended use and capitalized borrowing costs, when the recognition criteria are met. The commencement date for capitalization of costs occurs when the Company first incurs expenditures for the qualifying assets and undertakes the required activities to prepare the assets for their intended use.

Property, plant and equipment assets are depreciated on a straight-line basis over their estimated useful lives when the assets are available for use. When significant parts of a fixed asset have different useful lives, they are accounted for as separate components and depreciated separately. Depreciation methods and useful lives are reviewed annually and are adjusted for prospectively, if appropriate. Estimated useful lives are as follows:

Asset Category	Estimated Useful Life
Plant equipment (except moulds)	10 years
Footwear moulds	5 years
Computer equipment	3 years
Leasehold improvements	Lesser of the lease term or useful life of the asset
Show displays	5 years
Furniture and fixtures	5 to 10 years

F-15

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset, calculated as the difference between the net disposal proceeds and the carrying amount of the asset, is included in the statements of income when the asset is derecognized.

The cost of repairs and maintenance of property, plant and equipment is expensed as incurred and recognized in the statements of income.

Property, plant and equipment are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Impairment losses are recorded in the statements of income.

(m)Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. The cost of an intangible asset acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets with finite lives are carried at cost less any accumulated amortization and any accumulated impairment losses.

The useful lives of intangible assets are assessed as either finite or indefinite.

Asset Category	Estimated Useful Life
Brand name	Indefinite
Domain name	Indefinite
Software	5 to 7 years
Intellectual property	1 to 8 years
Customer lists (Canada Goose)	10 years
Customer lists (Paola Confectii SRL)	4 years
Distribution rights	10 years

In connection with the acquisition of the business of Paola Confectii SRL during fiscal 2024 (See “Note 5. Business combinations” for more details), identifiable intangible assets acquired consist of the customer list and brand.

Intangible assets with indefinite useful lives consists of the Canada Goose, Baffin, and Paola Confectii SRL brand names, as well as the Canada Goose and Baffin domain names, which were acquired as part of an acquisition and were recorded at their estimated fair value. The brand names and domain name are considered to have an indefinite life based on a history of revenue and cash flow performance, and the intent and ability of the Company to support the brand with spending to maintain its value for the foreseeable future. The brand names and domain name are tested at least annually for impairment, at the cash-generating unit (“CGU”) level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is made on a prospective basis.

Intangible assets with finite lives are amortized over the useful economic life on a straight-line basis. The amortization period and the amortization method for an intangible

F-16

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the statements of income over the asset’s estimated useful life.

An intangible asset is derecognized on disposal or when no future economic benefits are expected from its use. Gains or losses arising from the derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are included in the statements of income when the asset is derecognized.

Intangible assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Any resulting impairment loss is recorded in the statements of income.

(n)Leases

The Company recognizes a right-of-use asset and a lease liability based on the present value of the future lease payments at the commencement date. The commencement date is when the lessor makes the leased asset available for use by the Company, typically the possession date. The discount rate used in the present value calculation for lease payments is the incremental borrowing rate, if the rate implicit in the lease is not readily determinable, for each leased asset or portfolio of leased assets with similar characteristics by reference to the Company’s creditworthiness, the security, term and value of the underlying leased asset, and the economic environment in which the leased asset operates. The lease term is determined as the non-cancellable periods of a lease, together with periods covered by a renewal option if the Company is reasonably certain to exercise that option and a termination option if the Company is reasonably certain not to exercise that option.

Leases of low-value assets and short-term leases are not included in the calculation of lease liabilities. These lease expenses are recognized in cost of sales or SG&A expenses on a straight-line or other systematic basis.

    Lease liabilities

Lease liabilities are measured at the present value of future lease payments, discounted using the Company’s incremental borrowing rates, and include the fixed payments, variable lease payments that depend on an index or a rate, less any lease incentives receivable. Subsequent to initial measurement, the Company measures lease liabilities at amortized cost using the effective interest rate method. Lease liabilities are remeasured when there are changes to the lease payments, lease term, assessment of an option to purchase the underlying asset, expected residual value guarantee, or future lease payments due to a change in the index or rate tied to the payment.

    Right-of-use assets

Right-of-use assets are measured at the initial amount of the lease liabilities, lease payments made at or before the commencement date less any lease incentives received, initial direct costs, if any, and decommissioning costs to restore the site to the

F-17

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

condition required by the terms and conditions of the lease, and net of accumulated impairment losses. Subsequent to initial measurement, the Company applies the cost model to the right-of-use assets and measures the asset at cost less any accumulated depreciation, accumulated impairment losses in accordance with IAS 36, Impairment of Assets and any remeasurements of the lease liabilities. Assets are depreciated from the commencement date on a straight-line basis over the earlier of the end of the assets’ useful lives or the end of the lease terms.

Right-of-use assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Impairment losses are recorded in the statements of income.

(o)Goodwill

Goodwill represents the difference between the purchase price of an acquired business and the Company’s share of the net identifiable assets acquired and liabilities assumed and any contingent liabilities assumed. It is initially recorded at cost and subsequently measured at cost less any accumulated impairment losses.

For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to CGUs based on the lowest level within the entity in which the goodwill is monitored for internal management purposes. The allocation is made to the CGUs that are expected to benefit from the business combination in which the goodwill arose. Any potential impairment of goodwill is identified by comparing the recoverable amount of a CGU to its carrying value. An impairment loss is recognized if the carrying amount of CGU exceeds its recoverable amount. Any loss identified is first applied to reduce the carrying amount of goodwill allocated to the CGU, and then to reduce the carrying amounts of the remaining assets in the CGU on a pro-rata basis. The Company tests goodwill for impairment annually at the reporting date.

The recoverable amount of a CGU is the higher of the estimated fair value less costs of disposal or value-in-use of the CGU. In assessing the recoverable amount, the estimated future cash flows are discounted using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.

The Company has determined that there are 12 CGUs, 11 for which goodwill contributes to the cash flows (April 2, 2023 - 11 CGUs, 10 for which goodwill contributed to the cash flows). The increase in CGUs from the comparative period is attributable to the Paola Confectii acquisition which represents an additional CGU. No other changes were made to the existing CGUs from the previous year. See “Note 5. Business combinations” for more details.

F-18

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

(p)Provisions

Provisions are recognized when the Company has a present obligation, legal or constructive, as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Where the Company expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the statements of income net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized in the statements of income.

The provision for warranty returns relates to the Company’s obligation for defective goods sold to customers that have yet to be returned for exchange or repair. Accruals for warranty returns are estimated on the basis of historical returns and are recorded so as to allocate them to the same period the corresponding revenue is recognized.

(q)Fair values

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

•in the principal market for the asset or liability, or

•in the absence of a principal market, in the most advantageous market for the asset or liability.

The Company uses valuation techniques that it believes are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: unobservable inputs for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.

For the purpose of fair value disclosures, the Company determines classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

F-19

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

There was no change in the valuation techniques applied to financial instruments during all periods presented. The following table describes the valuation techniques used in the determination of the fair values of financial instruments:

Type	Valuation Approach
Cash, trade receivables, accounts payable and accrued liabilities	The carrying amount approximates fair value due to the short term maturity of these instruments.
Derivatives (included in other current assets, other long-term assets, accounts payable and accrued liabilities or other long-term liabilities)	Specific valuation techniques used to value derivative financial instruments include: - quoted market prices or dealer quotes for similar instruments; - observable market information as well as valuations determined by external valuators with experience in the financial markets.
Revolving Facility, Term Loan, Mainland China Facilities, and Japan Facility	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised. Subsequent changes in the present value of the amount that could be required to be paid at each reporting date are recorded with the statements of income until the put option is exercised or expires.
Contingent consideration	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate. Subsequent changes in the fair value is recognized in the statements of income.
Earn-Out included in other long-term liabilities	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. Subsequent changes in the fair value are recognized in the statements of income.

(r)Financial instruments

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities classified at fair value through profit or loss) are added to, or deducted from, the fair value of the financial

F-20

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities classified at fair value through profit or loss are recognized immediately in profit or loss.

Financial assets and financial liabilities are measured subsequently as described below.

i)Non-derivative financial assets

Non-derivative financial assets include cash and trade receivables which are measured at amortized cost. The Company initially recognizes receivables and deposits on the date that they are originated. The Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred.

ii)Non-derivative financial liabilities

Non-derivative financial liabilities include accounts payable, accrued liabilities, the Revolving Facility (as defined below), the Term Loan (as defined below), the Mainland China Facilities (as defined below), and the Japan Facility (as defined below). The Company initially recognizes debt instruments on the date that they are originated. All other financial liabilities are recognized initially on the trade date on which the Company becomes a party to the contractual provisions of the instrument. Financial liabilities are recognized initially at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these financial liabilities are measured at amortized cost using the effective interest method. The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire.

In respect of non-controlling interests, a financial liability is recognized for the put option based on the present value of the amount expected to be paid to the non-controlling shareholder if exercised. Subsequently, the put option liability is adjusted to reflect changes in the present value of the amount that could be required to be paid at each reporting date, with fluctuations being recorded within the statements of income, until it is exercised or expires. The put option is measured at fair value through profit or loss.

iii)Derivative financial instruments

Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The method of recognizing the resulting gain or loss depends on whether the derivative is designated and effective as a hedging instrument. When a derivative financial instrument, including an embedded derivative, is not designated and effective in a qualifying hedge relationship, all changes in its fair value are recognized immediately in the statements of income; attributable transaction costs are recognized in the statements of income as incurred. The Company does not use derivatives for trading or speculative purposes.

Embedded derivatives are separated from a host contract and accounted for separately if the economic characteristics and risks of the host contract and the embedded derivative are not closely related.

F-21

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

iv)Hedge accounting

The Company is exposed to the risk of currency fluctuations and has entered into currency derivative contracts to hedge its exposure on the basis of planned transactions. Where hedge accounting is applied, the criteria are documented at the inception of the hedge and updated at each reporting date. The Company documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transactions. The Company also documents its assessment, at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.

The fair value of a hedging derivative is classified as a current asset or liability when the maturity of the hedged item is less than 12 months, and as a non-current asset or liability when the maturity of the hedged item is more than 12 months.

The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized, net of tax, in other comprehensive income. The gain or loss relating to the ineffective portion is recognized immediately in the statements of income. Amounts accumulated in other comprehensive income are transferred to the statements of income in the periods when the hedged item affects net income. When a forecasted transaction that is hedged results in the recognition of a non-financial asset or liability, such as inventory, the amounts are included in the measurement of the cost of the related asset or liability. The deferred amounts are ultimately recognized in the statements of income.

Hedges of net investments are accounted for similarly to cash flow hedges, with unrealized gains and losses recognized, net of tax, in other comprehensive income. Amounts included in other comprehensive income are transferred to the statements of income in the period when the foreign operation is disposed of or sold.

(s)Share-based payments

Share-based payments are valued based on the grant date fair value of these awards and the Company records compensation expense over the corresponding service period. The fair value of the share-based payments is determined using acceptable valuation techniques.

The Company has issued stock options to purchase subordinate voting shares, RSUs, and PSUs under its equity incentive plans, prior to the public offering on March 21, 2017 (the “Legacy Plan”) and subsequently (the “Omnibus Plan”). All Legacy Plan options have fully vested or been cancelled prior to the year ended March 31, 2024. Under the terms of the Omnibus Plan, options are granted to certain executives of the Company with vesting, generally over four years, contingent upon meeting the service conditions of the Omnibus Plan. The compensation expense related to the options, RSUs, and PSUs is recognized ratably over the requisite service period, provided it is probable that the

F-22

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

vesting conditions will be achieved and the occurrence of the exit event, if applicable, is probable.

Note 3.    Significant accounting judgments, estimates, and assumptions

The preparation of the consolidated financial statements requires management to make estimates and judgments in applying the Company’s accounting policies that affect the reported amounts and disclosures made in the consolidated financial statements and accompanying notes.

Estimates and assumptions are used mainly in determining the measurement of balances recognized or disclosed in the consolidated financial statements and are based on a set of underlying data that may include management’s historical experience, knowledge of current events and conditions and other factors that are believed to be reasonable under the circumstances. Management continually evaluates the estimates and judgments it uses. These estimates and judgments have been applied in a manner consistent with prior periods and there are no known trends, commitments, events or uncertainties that we believe will materially affect the methodology or assumptions utilized in making these estimates and judgments in these financial statements.

The following are the accounting policies subject to judgments and key sources of estimation uncertainty that the Company believes could have the most significant impact on the amounts recognized in the consolidated financial statements.

Functional currency

Judgments Made in Relation to Accounting Policies Applied: The Company assesses the relevant factors related to the primary economic environment in which its entities operate to determine the functional currency. Where the assessment of primary indicators is mixed, management assesses the secondary indicators, including the relationship between the foreign operations and reporting entity.

Income and other taxes

Key Sources of Estimation: In determining the recoverable amount of deferred tax assets, the Company forecasts future taxable income by legal entity and the period in which the income occurs to ensure that sufficient taxable income exists to utilize the attributes. Inputs to those projections are Board-approved financial forecasts and statutory tax rates.

Judgments Made in Relation to Accounting Policies Applied: The calculation of current and deferred income taxes requires management to make certain judgments regarding the tax rules in jurisdictions where the Company performs activities. Application of judgments is required regarding the classification of transactions and in assessing probable outcomes of claimed deductions including expectations about future operating results, the timing and reversal of temporary differences and possible audits of income tax and other tax filings by the tax authorities.

Trade receivables

Key Sources of Estimation: The Company has a significant number of customers which minimizes the concentration of credit risk. The Company does not have any customers which account for more than 10% of sales or accounts receivable. Ongoing estimates are made

F-23

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

relating to the ability to collect our accounts receivable and maintain an allowance for estimated credit losses resulting from the inability of our customers to make required payments. In determining the amount of expected credit losses, the Company considers the historical level of credit losses and makes judgments about the creditworthiness of significant customers based on ongoing credit evaluations.

Inventories

Key Sources of Estimation: Inventories are carried at the lower of cost and net realizable value. In estimating net realizable value, the Company uses estimates related to fluctuations in inventory levels, planned production, customer behaviour, obsolescence, future selling prices, seasonality and costs necessary to sell the inventory. Inventory is adjusted to reflect shrinkage incurred since the last inventory count. Shrinkage is based on historical experience.

Leases

Judgments Made in Relation to Accounting Policies Applied: The Company exercises judgment when contracts are entered into that may give rise to a right-of-use asset that would be accounted for as a lease. Judgment is required in determining the appropriate lease term on a lease by lease basis. The Company considers all facts and circumstances that create an economic incentive to exercise a renewal option or to not exercise a termination option at inception and over the term of the lease, including investments in major leaseholds, operating performance, and changed circumstances. The periods covered by renewal or termination options are only included in the lease term if the Company is reasonably certain to exercise that option. Changes in the economic environment or changes in the retail industry may impact the assessment of the lease term and any changes in the estimate of lease terms may have a material impact on the Company’s statement of financial position.

Key Sources of Estimation: The critical assumptions and estimates used in determining the present value of future lease payments require the Company to estimate the incremental borrowing rate specific to each leased asset or portfolio of leased assets. Management determines the incremental borrowing rate of each leased asset or portfolio of leased assets by incorporating the Company’s creditworthiness, the security, term, and value of the underlying leased asset, and the economic environment in which the leased asset operates. The incremental borrowing rates are subject to change mainly due to macroeconomic changes in the environment.

Impairment of non-financial assets (goodwill, intangible assets, property, plant & equipment, and right-of-use assets)

Judgments Made in Relation to Accounting Policies Applied: Management is required to use judgment in determining the grouping of assets to identify their CGUs for the purposes of testing non-financial assets for impairment. Judgment is further required to determine appropriate groupings of CGUs for the level at which goodwill and intangible assets are tested for impairment. For the purpose of goodwill and intangible assets impairment testing, CGUs are grouped at the lowest level at which goodwill and intangible assets are monitored for internal management purposes. Judgment is also applied in allocating the carrying amount of assets to CGUs. In addition, judgment is used to determine whether a triggering event has occurred requiring an impairment test to be completed. The Company has concluded that it has 12 CGUs (April 2, 2023 - 11 CGUs) and tests impairment of non-financial assets on that basis.

F-24

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Key Sources of Estimation: In determining the recoverable amount of a CGU or a group of CGUs, various estimates are employed. The Company determines value-in-use by using estimates including projected future revenues, margins, costs, and capital investment consistent with strategic plans presented to the Board of Directors. Fair value less costs of disposal are estimated with reference to observable market transactions. Discount rates are consistent with external industry information reflecting the risk associated with the Company and its cash flows.

Warranty

Key Sources of Estimation: The critical assumptions and estimates used in determining the warranty provision at the statement of financial position date are: the number of jackets expected to require repair or replacement; the proportion to be repaired versus replaced; the period in which the warranty claim is expected to occur; the cost to repair a jacket; the cost to replace a jacket, and the risk-free rate used to discount the provision to present value.

Financial instruments

Key Sources of Estimation: The critical assumptions and estimates used in determining the fair value of financial instruments are: equity prices; future interest rates; the relative creditworthiness of the Company to its counterparties; estimated future cash flows; discount rates, and volatility utilized in option valuations.

Share-based payments

Key Sources of Estimation: Compensation expense for share-based compensation granted is measured at the fair value at the grant date using the Black Scholes option pricing model for the year ended March 31, 2024. The critical assumptions used under both of these option valuation models at the grant date are: stock price valuation; exercise price; risk-free interest rate; expected time to exercise in years; expected dividend yield, and volatility.

Consolidation

Judgments Made in Relation to Accounting Policies Applied: The Company uses judgment in determining the entities that it controls and therefore consolidates. The Company controls an entity when the Company has the existing rights that give it the current ability to direct the activities that significantly affect the entity’s returns. Judgment is applied in determining whether the Company controls the entities in which it does not have full ownership rights. Most often, judgment involves reviewing contractual rights to determine if rights are participating (giving power over the entity) or protective rights (protecting the Company’s interest without giving it power).

F-25

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 4.    Changes in accounting policies

Standards issued and not yet adopted

Certain new standards, amendments, and interpretations to existing IFRS standards have been published but are not yet effective and have not been adopted early by the Company. Management anticipates that pronouncements will be adopted in the Company’s accounting policy for the first period beginning after the effective date of the pronouncement. Information on new standards, amendments, and interpretations is provided below.

In January 2020, the IASB issued an amendment to IAS 1, Presentation of Financial Statements (“IAS 1”) to clarify its requirements for the presentation of liabilities in the statement of financial position. The limited scope amendment affected only the presentation of liabilities in the statement of financial position and not the amount or timing of its recognition. The amendment clarified that the classification of liabilities as current or non-current is based on rights that are in existence at the end of the reporting period and specified that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability. It also introduced a definition of ‘settlement’ to make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. On October 31, 2022, the IASB issued Non-Current Liabilities with Covenants (Amendments to IAS 1). These amendments specify that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. The amendment is effective for annual reporting periods beginning on or after January 1, 2024. Earlier application is permitted, however the Company has elected not to early adopt this amendment. The Company has performed an initial assessment on the impact of the amendment and the Company expects that adoption will result in a reclassification of the non-current portion of warranty provisions to be reported as current in nature, based on the terms and conditions of the Company’s warranty program. The impact is expected to be material in the consolidated statements of financial position.

Standards issued and adopted

In February 2021, the IASB issued narrow-scope amendments to IAS 1, IFRS Practice Statement 2, Making Materiality Judgements and IAS 8, Accounting Polices, Changes in Accounting Estimates and Errors. The amendments require the disclosure of material accounting policy information rather than disclosing significant accounting policies and clarified how to distinguish changes in accounting policies from changes in accounting estimates. Beginning April 3, 2023, the Company adopted the amendments. The adoption of the amendments did not have a material impact on the Annual Financial Statements.

In May 2023, the IASB issued International Tax Reform, Pillar Two Model Rules, Amendments to IAS 12, Income Taxes (the “Amendments”). The Amendments provide the Company with an exception from recognition and disclosure requirements for deferred tax assets and liabilities arising from the OECD Pillar Two international tax reform. The mandatory temporary exception has been adopted by the Company.

F-26

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 5.    Business combinations

Transactions during the year ended March 31, 2024

On November 1, 2023, a newly incorporated subsidiary of the Company, Paola Confectii Manufacturing Limited (“Paola Confectii”), acquired the business of Paola Confectii SRL, a luxury knitwear manufacturer for total cash consideration of $15.9m. This acquisition is expected to enhance product margins and supply control, while deepening in-house product expertise and capability.

The aggregate purchase consideration for the business combination is as follows:

	$
Cash	16.4
Working capital adjustments	(0.5)
Total purchase consideration	15.9

Management determined that the assets and substantive processes comprised a business and therefore accounted for the transaction as a business combination under IFRS 3, Business Combinations using the acquisition method of accounting. Under the acquisition method, assets and liabilities of the acquiree are recorded at their fair values.

Assets acquired and liabilities assumed have been recorded at the date of acquisition as follows:

	$
Assets acquired
Trade receivables	7.2
Inventories	1.6
Prepaid expenses	0.1
Property, plant and equipment	2.6
Intangible assets
Customer list	3.5
Brand	1.0
Right-of-use assets	1.2
Goodwill	8.3
Accounts payable and accrued liabilities	(8.4)
Lease liability	(1.2)
Total assets acquired, net of liabilities assumed	15.9

The determination of the fair value of assets acquired and liabilities assumed is based on estimates and certain assumptions with respect to the fair values of the assets acquired and liabilities assumed that were finalized as at the reporting date, within one year of the acquisition.

Goodwill of $8.3m was recognized as the excess of the acquisition cost over the fair value of net identifiable assets at the date of acquisition. Goodwill is mainly attributable to the strengthening of our vertically integrated supply chain and expected future growth potential of the knitwear category. Goodwill recognized is not expected to be deductible for income tax purposes.

F-27

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Identifiable intangible assets acquired consist of the customer list and brand. The fair value of the customer list was $3.5m, measured using the multi-period excess earnings method, which will be amortized over a 4-year period on a straight-line basis. The fair value of the brand was $1.0m, measured using the relief-from-royalty method.

In connection with the business combination, subject to the controlling shareholders of Paola Confectii SRL ("PCML Vendors") remaining employees through November 1, 2025, a further amount is payable to the PCML Vendors if certain performance conditions are met based on financial results (“Earn-Out”). The estimated value is calculated as a pre-determined percentage of net equity value, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. As at the reporting date, the estimated value of the payout was $7.4m. The Company recognized the amount payable to the PCML Vendors as a separate transaction that was not included in applying the acquisition method as the amount reflects remuneration for future services to be performed conditional on employment until November 1, 2025, and therefore this amount will be expensed over two years.

The Company incurred $0.8m in transaction related costs which are included in SG&A expenses in the consolidated statements of income and comprehensive income for the year ended March 31, 2024.

Paola Confectii’s results are consolidated into the Company’s financial results effective from the date of acquisition and are presented in the Company’s Other operating segment. The results of Paola Confectii were not significant for the period beginning on the date of acquisition and ended on March 31, 2024 and would not have been either during fiscal 2024 if the acquisition had occurred as of the beginning of the fiscal year.

The PCML Vendors are employed as members of key management and continue to lead and maintain regular operations at Paola Confectii. The Earn-Out to the PCML Vendors and transactions with one of the PCML Vendors in connection with the acquisition for the lease of the manufacturing facility are related party transactions as they have been retained as employees of the Company. See “Note 20. Related Party Transactions” for more details.

Transactions during the year ended April 2, 2023

The Company and a former distributor of the Company's products in Japan, Sazaby League, Ltd. ("Sazaby League"), entered into an agreement (the "Joint Venture Agreement") to form a joint venture (the “Japan Joint Venture”) pursuant to which the Company acquired 50% of the issued and outstanding voting shares of the legal entity comprising the joint venture, Canada Goose Japan, K.K. (“CG Japan”), on April 4, 2022. CG Japan was established to market, distribute and sell Canada Goose products, and to operate retail stores and e-Commerce in Japan.

Prior to the establishment of CG Japan, the Company sold its products to Sazaby League. The majority of sales historically occurred in the first and second quarters and were recorded in the Wholesale operating segment. Subsequent to the transaction, the Company has consolidated the results of CG Japan and revenue and results of operations will be aligned to the respective operating segments and are expected to occur more in line with the seasonality of the Company's Wholesale and DTC segments.

F-28

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Management performed an analysis under IFRS 10, Consolidated Financial Statements and since the Company has the power to direct the relevant activities of CG Japan, is exposed to variable returns, and can use its power to influence those returns, management determined that the Company has control over CG Japan for accounting purposes. In addition, management performed an analysis under IFRS 3, Business Combinations and has determined that the Company is the acquirer of CG Japan. Management determined that the assets and processes acquired comprised a business and therefore, accounted for the transaction as a business combination using the acquisition method of accounting. Under the acquisition method, assets and liabilities of the acquiree are recorded at their fair values.

The Company paid cash consideration to CG Japan of JPY250.0m ($2.6m) plus deferred contingent consideration to the non-controlling shareholder with an estimated fair value of JPY1,958.9m ($20.0m) resulting in total consideration of JPY2,208.9m ($22.6m). The deferred contingent consideration is payable if an agreed cumulative adjusted EBIT target is not reached through the period ended June 30, 2026. The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate. As at April 4, 2022, the contingent consideration amount was recorded in other long-term liabilities. The amount of contingent consideration is remeasured at its fair value each reporting period, with changes in fair value recorded in the consolidated statements of income and comprehensive income.

The Company incurred $1.3m in transaction related costs which are included in SG&A expenses in the consolidated statements of income and consolidated statements of comprehensive income for the year ended April 2, 2023. For the year ended April 3, 2022, the Company incurred $0.7m in transaction related costs.

F-29

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Assets acquired and liabilities assumed have been recorded based on the final valuation of their fair values at the date of acquisition as follows:

	$
Assets acquired
Cash	5.4
Inventories	27.3
Property, plant and equipment	1.2
Intangible assets	14.9
Right-of-use assets	3.3
Goodwill	10.8
Other assets	2.4
	65.3
Liabilities assumed
Bank loan	19.4
Lease liabilities	3.2
Warranty provision	0.3
	22.9
Total identifiable net assets acquired	42.4
Less: Deferred tax liability	(8.1)
Less: Non-controlling interests	(11.7)
Net assets acquired	22.6
Consideration
Cash paid	2.6
Contingent consideration	20.0
Total purchase consideration	22.6
Cash consideration paid	(2.6)
Plus: Cash balance acquired	5.4
Net cash inflow on business combination	2.8

The determination of the fair value of assets acquired and liabilities assumed is based on estimates and certain assumptions with respect to the fair values of the assets acquired and liabilities assumed that were finalized as at April 2, 2023, within one year of the acquisition.

Goodwill is calculated as the difference between total consideration and the fair value of the net assets acquired and is attributable to expected synergies between CG Japan and the Company’s existing operations. Goodwill of $10.8m was recognized as the excess of the acquisition cost over the fair value of net identifiable assets at the date of acquisition. Goodwill recognized is not expected to be deductible for income tax purposes. Intangible assets of $14.9m relate to the fair value of the customer list and reacquired distribution rights of the Japan market, which will be amortized over a 10-year period.

F-30

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The fair value of property, plant and equipment and right-of-use assets was based on management’s assessment of the acquired assets’ condition, as well as an evaluation of the current market value for such assets. In addition, the Company considered the length of time over which the economic benefit of these assets is expected to be realized and estimated the useful life of such assets as of the acquisition date. The fair value of inventories has been measured at net realizable value, less cost to sell.

CG Japan’s results are consolidated into the Company’s financial results effective April 4, 2022. For the year ended April 2, 2023, CG Japan contributed approximately $54.0m to the Company’s consolidated revenue and $1.0m to the Company’s operating income.

In connection with the business combination, the Joint Venture Agreement includes a put option that allows the non-controlling shareholder to sell its 50% interest to the Company within six months after certain circumstances constituting a "put option trigger" event occur. If the put option is not exercised during such six-month period, the put option will expire. The Company established a financial liability for the put option in respect of non-controlling interests. The fair value of the put option is classified as Level 3 within IFRS 13, Fair value measurement. As at April 4, 2022, the fair value of the put option held in Japanese yen by the non-controlling shareholder was recorded in other long-term liabilities in the amount of JPY2,076.4m ($21.2m).

The Company recorded the put option liability based on the present value of the amount expected to be paid to the non-controlling shareholder if exercised. Subsequently, the put option liability is adjusted to reflect changes in the present value of the amount that could be required to be paid at each reporting date, with fluctuations being recorded within the Company's consolidated statements of income, until it is exercised or expires.

Note 6.    Segment information

The Company has three reportable operating segments: DTC, Wholesale, and Other. The Company measures each reportable operating segment’s performance based on revenue and segment operating income (loss), which is the profit metric utilized by the Company’s chief operating decision maker, the Chairman and Chief Executive Officer, for assessing the performance of operating segments. No single customer contributed 10 per cent or more to the Company’s revenue for the years ended March 31, 2024, April 2, 2023, and April 3, 2022.

As at March 31, 2024, the performance measure for our Other segment was revised to exclude corporate general and administrative expenses; these expenses are now presented as a reconciling item to the Company’s consolidated operating income. This change in segment reporting was made to improve the understanding of financial performance in the Other segment.

Corporate expenses comprises costs that do not occur through the DTC, Wholesale, or Other segments, including the cost of marketing expenditures to build brand awareness across all segments, management overhead costs in support of manufacturing operations, other corporate

F-31

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

costs, and foreign exchange gains and losses not specifically associated with segment operations.

The following table presents key performance information of the Company’s reportable operating segments:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Revenue
DTC	950.7	807.3	740.4
Wholesale	312.3	373.8	348.5
Other	70.8	35.9	9.5
Total segment revenue	1,333.8	1,217.0	1,098.4
Operating income (loss)		Reclassified	Reclassified
DTC	387.1	347.4	322.9
Wholesale	114.0	131.2	121.5
Other	14.0	10.5	4.1
Total segment operating income	515.1	489.1	448.5

The following table reconciles the Company’s reportable total segment operating income to income before income taxes:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Total segment operating income	515.1	489.1	448.5
Corporate expenses	(390.6)	(341.5)	(289.0)
Total operating income	124.5	147.6	159.5
Net interest, finance and other costs	48.8	54.1	41.8
Income before incomes taxes	75.7	93.5	117.7

F-32

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The following table summarizes depreciation and amortization in SG&A expenses of each reportable operating segment and depreciation and amortization included in corporate expenses:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Depreciation and amortization expense
DTC	96.5	81.6	78.1
Wholesale	3.9	3.9	2.3
Other	—	—	—
Total segment depreciation and amortization expense	100.4	85.5	80.4
Corporate expenses	15.8	14.9	8.3
Total depreciation and amortization expense	116.2	100.4	88.7

Geographic information

The Company determines the geographic location of revenue based on the location of its customers.

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Canada	246.3	241.0	213.1
United States	324.6	340.2	305.9
North America	570.9	581.2	519.0
Greater China1	422.2	287.3	288.8
Asia Pacific (excluding Greater China1)	84.7	66.9	38.3
Asia Pacific	506.9	354.2	327.1
EMEA2	256.0	281.6	252.3
Total revenue	1,333.8	1,217.0	1,098.4

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

F-33

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The Company’s non-current, non-financial assets (comprising of property, plant and equipment, intangible assets and right-of-use assets) are geographically located as follows:

	Year ended
	March 31, 2024	April 2, 2023
	$	$
Canada	222.1	232.9
United States	140.7	111.7
North America	362.8	344.6
Greater China1	63.6	73.6
Asia Pacific (excluding Greater China1)	34.1	33.1
Asia Pacific	97.7	106.7
EMEA2	126.2	131.6
Non-current, non-financial assets	586.7	582.9

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

Note 7.    Income taxes

The components of the provision for income tax are as follows:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
Current income tax expense	$	$	$
Current period	15.4	44.0	35.6
Adjustment in respect of prior periods	9.5	(1.9)	(0.4)
	24.9	42.1	35.2
Deferred income tax recovery
Origination and reversal of temporary differences	(0.8)	(18.5)	(11.9)
Effect of change in income tax rates	(0.2)	(0.6)	—
Adjustment in respect of prior periods	(6.3)	1.6	(0.2)
	(7.3)	(17.5)	(12.1)
Income tax expense	17.6	24.6	23.1

F-34

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The effective income tax rates differ from the weighted average basic Canadian federal and provincial statutory income tax rates for the following reasons:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	$		$		$
Income before income taxes	75.7		93.5		117.7
Expected Statutory Rate	25.5	%	25.3	%	25.4	%
Income tax at expected statutory rate	19.3		23.7		29.8
Non-deductible (taxable) items	(0.1)		0.8		(0.8)
Non-deductible stock option expense	1.7		3.0		2.9
Effect of foreign tax rates	(10.3)		(10.0)		(14.6)
Non-deductible (taxable) remeasurement of contingent consideration and put option	1.4		2.4		—
Non-deductible (taxable) foreign exchange loss (gain)	0.9		1.4		0.2
Change in tax rates	(0.2)		(0.4)		0.1
Change in deferred tax asset not recognized	1.7		4.1		6.1
Adjustments in respect of prior years	3.2		(0.4)		(0.6)
Income tax expense	17.6		24.6		23.1

Pillar Two legislation has been enacted or substantively enacted locally in a number of jurisdictions in which the Company operates in, where they would be effective for financial year beginning on April 1, 2024. Based on a preliminary assessment, the Pillar Two effective tax rate in most of the jurisdictions in which the Company operates in, is above 15%. As a result, any impact of these rules is not expected to be material. However, the Company will continue to monitor and reassess the impact of the Pillar Two rules.

F-35

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The change in the year in the components of deferred tax assets and liabilities are as follows:

		Change in the year affecting
	April 2, 2023	Net income	Foreign exchange translation	Other comprehensive income (loss)	March 31, 2024
	$	$	$	$	$
Losses carried forward	11.5	15.5	—	—	27.0
Employee future benefits	0.1	—	—	0.1	0.2
Other liabilities	1.9	5.0	0.8	—	7.7
Inventory capitalization	6.8	(4.2)	—	—	2.6
Capital lease	9.3	3.0	—	—	12.3
Tax relief from Swiss tax reform	7.6	(5.9)	—	—	1.7
Unrealized profit in inventory	36.9	(1.6)	0.1	—	35.4
Provisions and other temporary differences	7.6	0.4	—	—	8.0
Total deferred tax asset	81.7	12.2	0.9	0.1	94.9
Unrealized foreign exchange	(3.1)	0.7	—	(0.3)	(2.7)
Intangible assets	(18.8)	(0.8)	—	—	(19.6)
Property, plant and equipment	(8.7)	(4.8)	—	—	(13.5)
Total deferred tax liabilities	(30.6)	(4.9)	—	(0.3)	(35.8)
Net deferred tax assets (liabilities)	51.1	7.3	0.9	(0.2)	59.1

The change in deferred tax assets and liabilities as presented in the statement of financial position are as follows:

		Changes in the year affecting
	April 2, 2023	Net income	Foreign exchange translation	Other comprehensive loss	March 31, 2024
	$	$	$	$	$
Deferred tax assets	67.5	8.8	0.2	(0.2)	76.3
Deferred tax liabilities	(16.4)	(1.5)	0.7	—	(17.2)
	51.1	7.3	0.9	(0.2)	59.1

Available deferred income tax assets related to capital losses, and Swiss tax relief in the amount of $0.5m and $31.8m, respectively, were not recognized as it is not probable that future taxable income will be available to the Company to utilize the benefits.

The corporate entities within the Company have the following tax-loss carry-forwards that are expected to expire in the following years, if not utilized.

	$
2040 and prior	13.1
2041	8.8
2042	8.5
2043	7.5
2044	8.1
	46.0

An additional $52.2m of operating losses can be carried forward indefinitely.

F-36

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

As at March 31, 2024, deferred income taxes have not been provided on $419.8m (April 2, 2023 - $417.7m, April 3, 2022 - $356.4m) of undistributed earnings of foreign subsidiaries, as the Company has concluded that such earnings should not give rise to additional tax liabilities upon repatriation or are indefinitely reinvested.

As at March 31, 2024, in addition to the amount charged to profit or loss and other comprehensive income, no tax recovery was recognized directly in equity related to excess tax deductions on share-based payments for stock options exercised (April 2, 2023 - $nil, April 3, 2022 - $nil). No tax expense was reversed out of equity related to reduction of expected tax deductions on issuance of RSU and PSU (April 2, 2023 - $nil and $nil, respectively, April 3, 2022 - $0.2m and $nil, respectively).

Note 8.    Earnings per share

The following table presents details for the calculation of basic and diluted earnings per share:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	$		$		$
Net income attributable to shareholders of the Company	58.4		72.7		94.6
Weighted average number of multiple and subordinate voting shares outstanding	100,816,758		105,058,643		108,296,802
Weighted average number of shares on exercise of stock options, RSUs and PSUs1	1,006,315		563,669		857,919
Diluted weighted average number of multiple and subordinate voting shares outstanding	101,823,073		105,622,312		109,154,721
Earnings per share attributable to shareholders of the Company
Basic	$	0.58	$	0.69	$	0.87
Diluted	$	0.57	$	0.69	$	0.87

1    Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. As at March 31, 2024, there were 3,904,366 shares (April 2, 2023 - 2,231,231 shares, April 3, 2022 - 1,475,545 shares) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

F-37

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 9.    Trade receivables

	March 31, 2024	April 2, 2023
	$	$
Trade accounts receivable	57.1	30.4
Credit card receivables	3.7	2.5
Other receivables	12.3	19.5
	73.1	52.4
Less: expected credit loss and sales allowances	(2.7)	(1.5)
Trade receivables	70.4	50.9

The following are the continuities of the Company’s expected credit loss and sales allowances deducted from trade receivables:

	March 31, 2024			April 2, 2023
	Expected credit loss	Sales allowances	Total	Expected credit loss	Sales allowances	Total
	$	$	$	$	$	$
Balance at the beginning of the year	(0.4)	(1.1)	(1.5)	(0.3)	(0.8)	(1.1)
Losses recognized	(1.8)	—	(1.8)	(0.1)	(0.3)	(0.4)
Amounts settled or written off during the year	0.1	0.5	0.6	—	—	—
Balance at the end of the year	(2.1)	(0.6)	(2.7)	(0.4)	(1.1)	(1.5)

Note 10.    Inventories

	March 31, 2024	April 2, 2023
	$	$
Raw materials	48.4	60.3
Work in progress	25.8	17.5
Finished goods	371.0	394.8
Total inventories at the lower of cost and net realizable value	445.2	472.6

Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining rate of sale.

F-38

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The breakdown of the provision for obsolescence is presented as follows:

	March 31, 2024	April 2, 2023
	$	$
Raw material shrink reserves	0.1	0.2
Finished goods shrink reserves	0.9	0.4
Raw material obsolete inventory reserves	22.1	20.5
Finished goods obsolete inventory reserves	37.7	22.1
Provision for obsolescence	60.8	43.2

Amounts charged to cost of sales comprise the following:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Cost of goods manufactured	405.5	392.1	350.1
Depreciation and amortization included in costs of sales	10.9	9.7	14.7
Cost of sales	416.4	401.8	364.8

Note 11.    Property, plant and equipment

The following table presents changes in the cost and the accumulated depreciation on the Company’s property, plant and equipment:

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Cost	$	$	$	$	$	$	$
April 3, 2022	30.9	12.8	125.1	9.4	34.8	4.1	217.1
Additions	—	0.9	8.8	—	2.2	63.3	75.2
Additions from business combinations (note 5)	—	—	0.9	—	0.3	—	1.2
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Transfers	1.1	1.5	15.5	1.6	1.6	(21.3)	—
Impact of foreign currency translation	—	0.2	2.1	0.4	1.0	0.4	4.1
April 2, 2023	32.0	15.3	151.4	11.4	39.8	46.5	296.4
Additions	0.2	1.9	11.5	0.2	3.7	42.9	60.4
Additions from business combinations (note 5)	2.4	0.1	0.1	—	—	—	2.6
Disposals	(0.1)	(0.3)	(6.4)	(1.0)	(1.1)	(0.1)	(9.0)
Transfers	2.9	4.4	70.4	(0.4)	7.7	(85.0)	—
Impact of foreign currency translation	(0.1)	(0.1)	(1.8)	0.1	(0.4)	(0.2)	(2.5)
March 31, 2024	37.3	21.3	225.2	10.3	49.7	4.1	347.9

F-39

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Accumulated depreciation	$	$	$	$	$	$	$
April 3, 2022	12.1	9.3	53.9	7.3	20.3	—	102.9
Depreciation	3.2	2.7	23.1	1.1	7.3	—	37.4
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	0.2	(0.1)	0.3	0.7	—	1.1
April 2, 2023	15.3	12.1	76.1	8.7	28.2	—	140.4
Depreciation	3.7	3.4	30.2	1.2	6.9	—	45.4
Disposals	(0.1)	(0.2)	(6.4)	(1.0)	(1.0)	—	(8.7)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	—	(1.0)	—	(0.2)	—	(1.2)
March 31, 2024	18.9	15.3	99.1	8.9	33.9	—	176.1
Net book value
April 2, 2023	16.7	3.2	75.3	2.7	11.6	46.5	156.0
March 31, 2024	18.4	6.0	126.1	1.4	15.8	4.1	171.8

Impairment losses for the years ended March 31, 2024 and April 2, 2023 were booked within the DTC segment as part of SG&A expenses in the statements of income.

Note 12.    Intangible assets

Intangible assets comprise the following:

	March 31, 2024	April 2, 2023
	$	$
Intangible assets with finite lives	18.3	19.3
Intangible assets with indefinite lives:
Brand name	116.5	115.5
Domain name	0.3	0.3
	135.1	135.1

F-40

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The following table presents the changes in cost and accumulated amortization of the Company’s intangible assets with finite lives:

	Intangible assets with finite lives
	Software	Intellectual property	Customer lists	Distribution rights	Total
Cost	$	$	$	$	$
April 3, 2022	8.5	18.2	—	—	26.7
Additions	1.8	0.1	—	—	1.9
Additions from business combinations (note 5)	—	—	7.7	7.2	14.9
April 2, 2023	10.3	18.3	7.7	7.2	43.5
Additions	0.8	0.1	—	—	0.9
Additions from business combinations (note 5)	—	—	3.5	—	3.5
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	(0.1)	0.1	(0.7)	(0.9)	(1.6)
March 31, 2024	10.9	18.5	10.5	6.3	46.2

	Software	Intellectual property	Customer lists	Distribution rights	Total
Accumulated amortization	$	$	$	$	$
April 3, 2022	3.6	16.7	—	—	20.3
Amortization	1.8	0.7	0.7	0.7	3.9
April 2, 2023	5.4	17.4	0.7	0.7	24.2
Amortization	1.8	0.5	0.8	0.7	3.8
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	—	—	0.1	(0.1)	—
March 31, 2024	7.1	17.9	1.6	1.3	27.9
Net book value
April 2, 2023	4.9	0.9	7.0	6.5	19.3
March 31, 2024	3.8	0.6	8.9	5.0	18.3

Intellectual property consists of acquired technology, patents and trademarks.

Indefinite life intangible assets

Indefinite life intangible assets recorded by the Company are comprised of the Canada Goose, Baffin, and Paola Confectii brand names, as well as the Canada Goose and Baffin domain names associated with the Company’s websites. The Company expects to renew the registration of the brand names and domain names at each expiry date indefinitely, and expects these assets to generate economic benefit in perpetuity. As such, the Company assessed these intangibles to have indefinite useful lives.

F-41

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The Company completed its annual impairment tests for the years ended March 31, 2024 and April 2, 2023 for indefinite life intangible assets and concluded that there was no impairment.

Key Assumptions

The key assumptions used to calculate the value-in-use (“VIU”) are consistent with the assumptions used for goodwill impairment testing (see "Note 14. Goodwill" for more details).

Note 13.    Leases

Right-of-use assets

The following table presents changes in the cost and the accumulated depreciation of the Company’s right-of-use assets:

	Retail stores	Manufacturing facilities	Other	Total
Cost	$	$	$	$
April 3, 2022	296.3	36.7	17.4	350.4
Additions	82.8	8.2	39.6	130.6
Additions from business combinations (note 5)	1.5	—	1.8	3.3
Lease modifications	2.4	—	—	2.4
Derecognition on termination	(1.8)	—	(1.0)	(2.8)
Impact of foreign currency translation	15.5	—	0.6	16.1
April 2, 2023	396.7	44.9	58.4	500.0
Additions	29.8	0.2	2.7	32.7
Additions from business combinations (note 5)	—	1.2	—	1.2
Lease modifications	31.9	—	1.8	33.7
Derecognition on termination	(5.1)	(2.1)	(1.8)	(9.0)
Impact of foreign currency translation	(3.0)	—	(0.2)	(3.2)
March 31, 2024	450.3	44.2	60.9	555.4

F-42

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

	Retail stores	Manufacturing facilities	Other	Total
Accumulated depreciation	$	$	$	$
April 3, 2022	110.1	15.2	9.9	135.2
Depreciation	55.5	5.4	7.2	68.1
Derecognition on termination	(1.2)	—	(1.0)	(2.2)
Impairment losses	0.8	—	—	0.8
Impact of foreign currency translation	5.9	—	0.4	6.3
April 2, 2023	171.1	20.6	16.5	208.2
Depreciation	63.8	5.5	7.3	76.6
Derecognition on termination	(5.1)	(2.1)	(1.8)	(9.0)
Impairment losses	1.0	—	—	1.0
Impact of foreign currency translation	(1.1)	—	(0.1)	(1.2)
March 31, 2024	229.7	24.0	21.9	275.6
Net book value
April 2, 2023	225.6	24.3	41.9	291.8
March 31, 2024	220.6	20.2	39.0	279.8

Impairment losses for the year ended March 31, 2024 and April 2, 2023 were booked within the DTC segment as part of SG&A expenses in the statements of income.

F-43

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Lease liabilities

The following table presents the changes in the Company's lease liabilities:

	Retail stores	Manufacturing facilities	Other	Total
	$	$	$	$
April 3, 2022	217.2	24.8	8.7	250.7
Additions	82.1	8.2	39.6	129.9
Additions from business combinations (note 5)	1.5	—	1.7	3.2
Lease modifications	2.4	—	—	2.4
Derecognition on termination	(0.7)	—	—	(0.7)
Principal payments	(54.5)	(5.3)	(2.4)	(62.2)
Impact of foreign currency translation	11.2	—	0.3	11.5
April 2, 2023	259.2	27.7	47.9	334.8
Additions	29.7	0.2	2.3	32.2
Additions from business combinations (note 5)	—	1.2	—	1.2
Lease modifications	31.9	—	1.8	33.7
Principal payments	(63.0)	(5.3)	(0.9)	(69.2)
Impact of foreign currency translation	(2.1)	—	(0.1)	(2.2)
March 31, 2024	255.7	23.8	51.0	330.5

Lease liabilities are classified as current and non-current liabilities as follows:

	Retail stores	Manufacturing facilities	Other	Total
	$	$	$	$
Current lease liabilities	64.7	6.1	5.3	76.1
Non-current lease liabilities	194.5	21.6	42.6	258.7
April 2, 2023	259.2	27.7	47.9	334.8
Current lease liabilities	65.8	6.3	7.8	79.9
Non-current lease liabilities	189.9	17.5	43.2	250.6
March 31, 2024	255.7	23.8	51.0	330.5

In the year ended March 31, 2024, $39.6m of lease payments were not included in the measurement of lease liabilities (April 2, 2023 - $23.5m, April 3, 2022 - $21.5m). The majority of these balances related to short-term leases and variable rent payments, net of rent concessions, which are expenses as incurred.

F-44

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 14.    Goodwill

Goodwill arising from business combinations is as follows:

	March 31, 2024	April 2, 2023
	$	$
Opening balance	63.9	53.1
Business combination (note 5)	8.3	10.8
Impact of foreign currency translation	(1.4)	—
Goodwill	70.8	63.9

The Company has determined there to be 11 CGUs (April 2, 2023 - 10 CGUs) for which goodwill and indefinite life intangible assets are tested for impairment. The increase in CGUs from the comparative period is attributable to the recognition of goodwill from the Paola Confectii business combination which represents an additional CGU. No other changes were made to the existing CGUs from the previous year. The Company completed its annual impairment tests and concluded that there was no impairment in the years ended March 31, 2024 and April 2, 2023.

The following table outlines the goodwill allocation for the applicable CGUs for the current year:

	March 31, 2024	April 2, 2023
	$	$
North America DTC - Retail	11.7	11.7
North America DTC - e-Commerce	6.6	6.6
North America Wholesale	5.7	5.7
Asia Pacific DTC - Retail	9.8	9.8
Asia Pacific DTC - e-Commerce	2.6	2.6
Asia Pacific Wholesale	3.6	3.6
EMEA1 DTC - Retail	4.3	4.3
EMEA1 DTC - e-Commerce	2.8	2.8
EMEA1 Wholesale	6.0	6.0
Japan Joint Venture2	9.4	10.8
Paola Confectii	8.3	—
Goodwill	70.8	63.9

1EMEA comprises Europe, the Middle East, Africa, and Latin America.

2Goodwill for the Japan Joint Venture is JPY1,059.3m; year-over-year movement in the balance in Canadian Dollars is due to the impact of foreign exchange translation from JPY to CAD of $1.4m.

Key Assumptions

The key assumptions used to calculate the VIU are those regarding discount rate, revenue and gross margin growth rates, sales channel mix, and growth in SG&A expenses. These assumptions are considered to be Level 3 in the fair value hierarchy. The goodwill impairment tests resulted in excess of recoverable value over carrying value of at least 23.5% for each CGU. Because the VIU amount exceeds the CGUs’ asset carrying amount, the CGU is not impaired and the fair value less costs of disposition has not been calculated.

F-45

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Cash flow projections were discounted using the Company’s weighted average cost of capital, determined to be 12.80% (April 2, 2023 - 12.67%) based on a risk-free rate, an equity risk premium adjusted for betas of comparable publicly traded companies, an unsystematic risk premium, country risk premium, specific risk premium, a cost of debt based on comparable corporate bond yields and the capital structure of the Company. Cash flow projections are based on management’s most recent forecasts over a five year period. A long term growth rate of 2% has been applied to cash flows beyond the forecasted period.

Note 15.    Accounts payables and accrued liabilities

Accounts payable and accrued liabilities consist of the following:

	March 31, 2024	April 2, 2023
	$	$
Trade payables	57.6	60.1
Accrued liabilities	73.5	82.4
Employee benefits	38.6	21.9
Derivative financial instruments	1.9	3.3
ASPP liability (note 18)	—	20.0
Other payables	6.1	7.9
Accounts payable and accrued liabilities	177.7	195.6

Note 16.    Provisions

Provisions consist primarily of amounts recorded with respect to customer warranty obligations, sales returns, and asset retirement obligations.

The provision for warranty claims represents the present value of management’s best estimate of the future outflow of economic resources that will be required to meet the Company’s obligations for warranties upon the sale of goods, which may include repair or replacement of previously sold products. The estimate has been made on the basis of historical warranty trends and may vary as a result of new materials, altered manufacturing processes, customer behaviour and expectations, or other events affecting product quality and production.

The sales contract provision relates to management’s estimated cost of the departure of certain third-party dealers and distributors.

Sales returns relate primarily to goods sold through the DTC segment which have a limited right of return (typically within 30 days), or exchange only, in certain jurisdictions.

Asset retirement obligations relate to legal obligations associated with the retirement of tangible long-lived assets, primarily for leasehold improvements that the Company is contractually obligated to remove at the end of the lease term. The Company recognizes the liability when such obligations are incurred. The fair value of the liability is estimated based on a number of assumptions requiring management’s judgment, including closing costs and inflation rates, and is accreted to its projected future value over time.

F-46

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

	Warranty	Sales returns	Asset retirement obligations	Total
	$	$	$	$
April 3, 2022	29.2	12.9	7.7	49.8
Additional provisions recognized	7.6	10.8	4.1	22.5
Reductions resulting from settlement	(6.4)	(7.5)	—	(13.9)
Release of provisions	—	(1.3)	—	(1.3)
Other	—	0.7	0.3	1.0
April 2, 2023	30.4	15.6	12.1	58.1
Additional provisions recognized	6.6	20.8	2.6	30.0
Reductions resulting from settlement	(6.8)	(16.9)	—	(23.7)
Release of provisions	—	(0.7)	(0.1)	(0.8)
Other	0.1	—	(0.3)	(0.2)
March 31, 2024	30.3	18.8	14.3	63.4

Provisions are classified as current and non-current liabilities based on management’s expectation of the timing of settlement, as follows:

	March 31, 2024	April 2, 2023
	$	$
Current provisions	26.1	21.6
Non-current provisions	37.3	36.5
Provisions	63.4	58.1

Note 17.    Borrowings

Amendments to borrowings

Effective June 30, 2023, LIBOR rates are no longer published for U.S Dollars. As a result, in the first quarter ended July 2, 2023, the Company transitioned facilities and contracts denominated in U.S dollars applying LIBOR to the Secured Overnight Financing Rate published by the Federal Reserve Bank of New York (“SOFR”). At this time, the Company entered into further amendments to its Revolving Facility (as defined below), Term Loan Facility (as defined below) and the interest rate swaps to transition to SOFR. In connection with the amendments, during the first quarter ended July 2, 2023, the Company also extended the maturity of the Revolving Facility to May 15, 2028 and incurred transaction costs of $0.7m, on the extension of the Revolving Facility, which are being amortized using the effective interest rate method over the new term to maturity. There were no further amendments to borrowings in the year ended March 31, 2024.

See "Note 22. Financial risk management objectives and policies" for more details on the amendments to the interest rate swaps.

Revolving Facility

The Company has an agreement with a syndicate of lenders for a senior secured asset-based revolving credit facility ("Revolving Facility") in the amount of $467.5m, with an increase in

F-47

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

commitments to $517.5m during the peak season (June 1 - November 30). The Revolving Facility matures on May 15, 2028. Amounts owing under the Revolving Facility may be borrowed, repaid and re-borrowed for general corporate purposes. The Company has pledged substantially all of its assets as collateral for the Revolving Facility. The Revolving Facility contains financial and non-financial covenants which could impact the Company’s ability to draw funds.

The Revolving Facility has multiple interest rate charge options that are based on the Canadian prime rate, Banker's Acceptance rate, the lenders' Alternate Base Rate, European Base Rate, SOFR rate, or EURIBOR rate plus an applicable margin, with interest payable the earlier of quarterly or at the end of the then current interest period (whichever is earlier).

As at March 31, 2024, the Company had repaid all amounts owing on the Revolving Facility (April 2, 2023 - $nil). As at March 31, 2024, no interest and administrative fees remain outstanding (April 2, 2023 - $nil). Deferred financing charges in the amounts of $1.0m (April 2, 2023 - $0.5m), were included in other long-term liabilities. As at and during the year ended March 31, 2024, the Company was in compliance with all covenants.

The Company had unused borrowing capacity available under the Revolving Facility of $203.7m as at March 31, 2024 (April 2, 2023 - $238.4m).

The revolving credit commitment also includes a letter of credit commitment in the amount of $25.0m, with a $5.0m sub-commitment for letters of credit issued in a currency other than Canadian dollars, U.S. dollars, euros or British pounds sterling, and a swingline commitment for $25.0m. As at March 31, 2024, the Company had letters of credit outstanding under the Revolving Facility of $1.5m (April 2, 2023 - $1.8m).

Term Loan

The Company has a senior secured loan agreement with a syndicate of lenders that is secured on a split collateral basis ("Term Loan") alongside the Revolving Facility. The Term Loan has an aggregate principal amount of USD300.0m, with quarterly repayments of USD0.75m on the principal amount and a maturity date of October 7, 2027. Moreover, the Term Loan has an interest rate of SOFR plus a term SOFR adjustment of 0.11448% with an applicable margin of 3.50% payable monthly in arrears. SOFR plus the term SOFR adjustment may not be less than 0.75%.

Voluntary prepayments of amounts owing under the Term Loan may be made at any time without premium or penalty but once repaid may not be reborrowed. As at March 31, 2024, the Company had USD290.3m (April 2, 2023 - USD293.3m) aggregate principal amount outstanding under the Term Loan. The Company has pledged substantially all of its assets as collateral for the Term Loan. The Term Loan contains financial and non-financial covenants which could impact the Company’s ability to draw funds. As at and during the year ended March 31, 2024, the Company was in compliance with all covenants.

As the Term Loan is denominated in U.S. dollars, the Company remeasures the outstanding balance plus accrued interest at each balance sheet date.

F-48

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The amount outstanding with respect to the Term Loan is as follows:

	March 31, 2024	April 2, 2023
	$	$
Term Loan	393.1	396.3
Unamortized portion of deferred transaction costs	(0.6)	(0.6)
Term Loan, net of unamortized deferred transaction costs	392.5	395.7

Mainland China Facilities

A subsidiary of the Company in Mainland China has two uncommitted loan facilities in the aggregate amount of RMB266.4m ($50.0m) ("Mainland China Facilities"). The term of each draw on the loans is one, three or six months or such other period as agreed upon and shall not exceed 12 months (including any extension or rollover). The interest rate on each facility is equal to loan prime rate of 1 year, minus a marginal rate between 0.35% and 0.45%, and payable at one, three or six months, depending on the term of each draw. Proceeds drawn on the Mainland China Facilities are being used to support working capital requirements and build up of inventory for peak season sales. As at March 31, 2024, the Company had no amounts owing on the Mainland China Facilities (April 2, 2023 - $9.8m (RMB50.0m)).

Japan Facility

A subsidiary of the Company in Japan has a loan facility in the aggregate amount of JPY4,000.0m ($35.8m) ("Japan Facility") with a floating interest rate of Japanese Bankers Association Tokyo Interbank Offered Rate (“JBA TIBOR”) plus an applicable margin of 0.30%. The term of the facility is 12 months and each draw on the facility is payable within the term. Proceeds drawn on the Japan Facility are being used to support build up of inventory for peak season sales. As at March 31, 2024, the Company had $5.4m (JPY600.0m) owing on the Japan Facility (April 2, 2023 - $13.7m (JPY1,350.0m)).

Short-term Borrowings

As at March 31, 2024, the Company has short-term borrowings in the amount of $9.4m. Short-term borrowings include $5.4m (April 2, 2023 - $13.7m) owing on the Japan Facility, and $4.0m (April 2, 2023 - $4.1m) for the current portion of the quarterly principal repayments on the Term Loan. For the year ended April 2, 2023, short-term borrowings included $9.8m on the Mainland China Facilities. Short-term borrowings are all due within the next 12 months.

F-49

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Net interest, finance and other costs consist of the following:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
		Reclassified	Reclassified
Interest expense
Mainland China Facilities	0.9	0.5	0.4
Japan Facility	0.1	0.1	—
Revolving Facility	2.8	1.1	1.8
Term Loan	19.9	18.8	17.4
Lease liabilities	17.7	11.6	9.1
Standby fees	1.2	1.8	0.9
Acceleration of unamortized costs on debt extinguishment	—	—	9.5
Foreign exchange losses on Term Loan net of hedges	2.1	12.1	2.8
Fair value remeasurement on the put option liability (note 21)	1.6	10.9	—
Fair value remeasurement on the contingent consideration (note 21)	2.8	(2.9)	—
Interest income	(1.3)	(0.9)	(0.4)
Other costs	1.0	1.0	0.3
Net interest, finance and other costs	48.8	54.1	41.8

Note 18.    Shareholders’ equity

The authorized and issued share capital of the Company are as follows:

Authorized

The authorized share capital of the Company consists of an unlimited number of subordinate voting shares without par value, an unlimited number of multiple voting shares without par value, and an unlimited number of preferred shares without par value, issuable in series.

Issued

Multiple voting shares - Holders of the multiple voting shares are entitled to 10 votes per multiple voting share. Multiple voting shares are convertible at any time at the option of the holder into one subordinate voting share. The multiple voting shares will automatically be converted into subordinate voting shares when they cease to be owned by one of the principal shareholders. In addition, the multiple voting shares of either of the principal shareholders will automatically be converted to subordinate voting shares at such time as the beneficial ownership of that shareholder falls below 15% of the outstanding subordinate voting shares and multiple voting shares outstanding, or additionally, in the case of DTR, when the current Chairman and Chief Executive Officer no longer serves as a director of the Company or in a senior management position.

Subordinate voting shares - Holders of the subordinate voting shares are entitled to one vote per subordinate voting share.

F-50

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The rights of the subordinate voting shares and the multiple voting shares are substantially identical, except for voting and conversion. Subject to the prior rights of any preferred shares, the holders of subordinate and multiple voting shares participate equally in any dividends declared and share equally in any distribution of assets on liquidation, dissolution, or winding up.

Share capital transactions for the year ended March 31, 2024

Normal course issuer bid for Fiscal 2024

The Board of Directors has authorized the Company to initiate a normal course issuer bid, in accordance with the requirements of the Toronto Stock Exchange, to purchase up to 4,980,505 subordinate voting shares over the 12-month period from November 22, 2023 and ending no later than November 21, 2024 (the "Fiscal 2024 NCIB"). Purchased subordinate voting shares will be cancelled.

In connection with the Fiscal 2024 NCIB, the Company also entered an automatic share purchase plan (the “Fiscal 2024 ASPP”) under which a designated broker may purchase subordinate voting shares under the Fiscal 2024 NCIB during the regularly scheduled quarterly trading blackout periods of the Company. The repurchases made under the Fiscal 2024 ASPP will be made in accordance with certain purchasing parameters and will continue until the earlier of the date in which the Company has acquired the maximum limit of subordinate voting shares pursuant to the Fiscal 2024 ASPP or upon the date of expiry of the Fiscal 2024 NCIB.

During the year ended March 31, 2024, under the Fiscal 2024 NCIB, the Company purchased 3,586,124 subordinate voting shares for cancellation for total cash consideration of $56.9m. The amount to purchase the subordinate voting shares was charged to share capital, with the remaining $48.8m charged to retained earnings. Of the 3,586,124 subordinate voting shares purchased, 3,088,648 were purchased under the Fiscal 2024 ASPP for total cash consideration of $49.6m.

For the trading blackout period relating to the fiscal year ended March 31, 2024, the Company elected not to rely on the Fiscal 2024 ASPP. Therefore, there was no liability due to the designated broker as at March 31, 2024.

Normal course issuer bid for Fiscal 2023

The Board of Directors authorized the Company to initiate a normal course issuer bid, in accordance with the requirements of the Toronto Stock Exchange, to purchase and cancel up to 5,421,685 subordinate voting shares over the 12-month period from November 22, 2022 and concluded on November 21, 2023 (the “Fiscal 2023 NCIB”).

In connection with the Fiscal 2023 NCIB, the Company also entered an automatic share purchase plan (the “Fiscal 2023 ASPP”) under which a designated broker purchased subordinate voting shares under the Fiscal 2023 NCIB during the regularly scheduled quarterly trading blackout periods of the Company. This Fiscal 2023 ASPP terminated on November 21, 2023, along with the Fiscal 2023 NCIB, and the liability to the broker was fully settled at the end of the plan.

During the three fiscal quarters ended December 31, 2023, under the Fiscal 2023 NCIB until its expiration, the Company purchased 4,268,883 subordinate voting shares for cancellation for total cash consideration of $83.3m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $73.6m charged to retained earnings. Of the

F-51

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

4,268,883 subordinate voting shares purchased, 1,184,152 were purchased under the ASPP for total cash consideration of $25.3m.

Since the commencement of the Fiscal 2023 NCIB, the Company purchased 5,421,685, which represents the total authorized subordinate voting shares for cancellation for total cash consideration of $111.2m.

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
April 2, 2023	51,004,076	1.4	53,184,912	117.3	104,188,988	118.7
Purchase of subordinate voting shares	—	—	(7,855,007)	(17.8)	(7,855,007)	(17.8)
Total share purchases	—	—	(7,855,007)	(17.8)	(7,855,007)	(17.8)
Exercise of stock options	—	—	64,058	0.2	64,058	0.2
Settlement of RSUs	—	—	134,475	3.8	134,475	3.8
Total share issuances	—	—	198,533	4.0	198,533	4.0
March 31, 2024	51,004,076	1.4	45,528,438	103.5	96,532,514	104.9

Share capital transactions for the year ended April 2, 2023

In connection with the Fiscal 2023 NCIB, during the year ended April 2, 2023, the Company purchased 1,152,802 subordinate voting shares for cancellation for total cash consideration of $26.7m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $25.4m charged to retained earnings. Of the 1,152,802 subordinate voting shares purchased, 821,622 were purchased under the Fiscal 2023 ASPP for total cash consideration of $20.0m.

A liability representing the maximum amount that the Company could be required to pay the designated broker under the Fiscal 2023 ASPP was $20.0m as at April 2, 2023. The amount was charged to contributed surplus.

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
April 3, 2022	51,004,076	1.4	54,190,432	117.1	105,194,508	118.5
Purchase of subordinate voting shares	—	—	(1,103,102)	(2.4)	(1,103,102)	(2.4)
Purchase of subordinate voting shares held for cancellation	—	—	(49,700)	(0.1)	(49,700)	(0.1)
Total share purchases	—	—	(1,152,802)	(2.5)	(1,152,802)	(2.5)
Exercise of stock options	—	—	60,248	—	60,248	—
Settlement of RSUs	—	—	87,034	2.7	87,034	2.7
Total share issuances	—	—	147,282	2.7	147,282	2.7
April 2, 2023	51,004,076	1.4	53,184,912	117.3	104,188,988	118.7

F-52

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Share capital transactions for the year ended April 3, 2022

The Company previously maintained another NCIB in relation to its subordinate voting shares. The Company was authorized to make purchases from August 20, 2021 to August 19, 2022, in accordance with the requirements of the TSX. The Board of Directors of the Company had authorized the Company to repurchase up to 5,943,239 subordinate voting shares, representing approximately 10% of the issued and outstanding subordinate voting shares as at August 6, 2021. Purchases were made during the validity of such NCIB by means of open market transactions on the TSX, the NYSE and one Canadian alternative trading system.

During the year ended April 3, 2022, the Company purchased 5,636,763 subordinate voting shares for cancellation for total cash consideration of $253.2m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $241.3m charged to retained earnings.

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
March 28, 2021	51,004,076	1.4	59,435,079	119.1	110,439,155	120.5
Purchase of subordinate voting shares	—	—	(5,636,763)	(11.9)	(5,636,763)	(11.9)
Total share purchases	—	—	(5,636,763)	(11.9)	(5,636,763)	(11.9)
Exercise of stock options	—	—	342,148	8.5	342,148	8.5
Settlement of RSUs	—	—	49,968	1.4	49,968	1.4
Total share issuances	—	—	392,116	9.9	392,116	9.9
April 3, 2022	51,004,076	1.4	54,190,432	117.1	105,194,508	118.5

Note 19.    Share-based payments

Stock options

The Company has issued stock options to purchase subordinate voting shares under its incentive plans, prior to the public share offering on March 21, 2017, the Legacy Plan, and subsequently, the Omnibus Plan. All options are issued at an exercise price that is not less than market value at the time of grant and expire 10 years after the grant date.

Legacy Plan

Under the terms of the Legacy Plan, options were granted to certain executives of the Company which are exercisable to purchase subordinate voting shares. All Legacy Plan options have fully vested or been cancelled prior to the year ended March 31, 2024. No new options will be issued under the Legacy Plan.

Omnibus Plan

Under the terms of the Omnibus Plan, options are granted to certain employees of the Company which are exercisable to purchase subordinate voting shares. The options vest over four years contingent upon meeting the service conditions of the Omnibus Plan, 25% on each anniversary of the date of grant.

F-53

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Stock option transactions are as follows:

	Year ended
	March 31, 2024			April 2, 2023
	Weighted average exercise price		Number of shares	Weighted average exercise price		Number of shares
Options outstanding, beginning of period	$	36.58	4,055,199	$	42.99	2,722,690
Granted to purchase shares	$	19.77	1,278,211	$	24.63	1,580,506
Exercised	$	1.61	(64,058)	$	0.23	(60,248)
Cancelled	$	28.83	(660,575)	$	40.66	(187,749)
Options outstanding, end of period	$	33.51	4,608,777	$	36.58	4,055,199

The following table summarizes information about stock options outstanding and exercisable at March 31, 2024:

	Options Outstanding		Options Exercisable
Exercise price	Number	Weighted average remaining life in years	Number	Weighted average remaining life in years
$0.02	15,434	0.0	15,434	0.0
$1.79	44,307	0.8	44,307	0.8
$8.94	122,221	2.8	122,221	2.8
$14.29	2,565	9.6	—	0.0
$16.21	519,884	9.9	—	0.0
$22.24	611,798	9.1	—	0.0
$23.64	42,576	3.4	42,576	3.4
$23.77	12,285	8.2	3,072	8.2
$24.64	1,169,619	7.9	322,809	7.2
$30.73	48,730	3.0	48,730	3.0
$31.79	35,622	3.6	35,622	3.6
$33.97	635,096	5.8	462,427	5.6
$45.34	33,708	4.0	33,708	4.0
$48.93	541,197	6.9	284,064	6.6
$50.00	250,000	6.2	187,500	6.2
$63.03	359,157	4.8	359,157	4.8
$83.53	164,578	3.8	164,578	3.8
	4,608,777	7.0	2,126,205	5.3

F-54

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Restricted share units

The Company has granted shares as part of the RSU program under the Omnibus Plan to employees of the Company. The RSUs are treated as equity instruments for accounting purposes. We expect that vested RSUs will be paid at settlement through the issuance of one subordinate voting share per RSU. The RSUs vest over a period of three years, a third on each anniversary of the date of grant.

RSUs transactions are as follows:

	Year ended
	March 31, 2024	April 2, 2023
	Number of shares	Number of shares
RSUs outstanding, beginning of period	318,082	215,590
Granted	438,814	209,187
Settled	(134,475)	(87,034)
Cancelled	(141,903)	(19,661)
RSUs outstanding, end of period	480,518	318,082

Performance share units

In May 2023, the Company implemented a PSU program under the Omnibus Plan. A PSU represents the right to receive a subordinate voting share settled by the issuance of shares at the vesting date. PSUs vest on the third anniversary of the award date and are earned only if certain performance targets are achieved. Shares issued per PSU at the vesting date can decrease or increase if minimum or maximum performance targets are achieved ranging from 0% to 200% of the PSU award granted. PSUs are treated as equity instruments for accounting purposes.

PSUs transactions are as follows:

	Year ended
	March 31, 2024	April 2, 2023
	Number of shares	Number of shares
PSUs outstanding, beginning of period	—	—
Granted	399,349	—
Cancelled	(56,424)	—
PSUs outstanding, end of period	342,925	—

Shares reserved for issuance

As at March 31, 2024, subordinate voting shares, to a maximum of 5,310,387 shares, have been reserved for issuance under equity incentive plans to select employees of the Company, with vesting contingent upon meeting the service, performance goals and other conditions of the Omnibus Plan.

F-55

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Accounting for share-based awards

For the year ended March 31, 2024, the Company recorded $10.4m as compensation expense for stock options, RSUs and PSUs (April 2, 2023 - $15.0m, April 3, 2022 - $14.0m). Share-based compensation expense is included in SG&A expenses.

The assumptions used to measure the fair value of options granted under the Black-Scholes option pricing model at the grant date were as follows:

	Year ended
	March 31, 2024			April 2, 2023
Weighted average stock price valuation	$	19.77		$	24.63
Weighted average exercise price	$	19.77		$	24.63
Risk-free interest rate	4.09		%	2.52		%
Expected life in years	5.4			5.0
Expected dividend yield	—		%	—		%
Volatility	40		%	40		%
Weighted average fair value of options issued	$	6.82		$	7.86

RSU and PSU fair values are determined based on the market value of the subordinate voting shares at the time of grant. As at March 31, 2024, the weighted average fair value of RSUs was $21.37 (April 2, 2023 - $24.63). As at March 31, 2024, the weighted average fair value of PSUs was $22.21.

Note 20.    Related party transactions

The Company enters into transactions from time to time with its principal shareholders and organizations affiliated with members of the Board of Directors by incurring expenses for business services. During the year ended March 31, 2024, the Company had transactions with related parties of $1.1m (April 2, 2023 - $1.3m, April 3, 2022 - $1.7m) from companies related to certain shareholders. Net balances owing to related parties as at March 31, 2024 were $0.2m (April 2, 2023 - $0.4m).

A lease liability due to the previous controlling shareholder of the acquired Baffin Inc. business (the "Baffin Vendor") for leased premises was $2.5m as at March 31, 2024 (April 2, 2023 - $3.1m). During the year ended March 31, 2024, the Company paid principal and interest on the lease liability, net of rent concessions, and other operating costs to entities affiliated with the Baffin Vendor totaling $1.6m (April 2, 2023 - $1.4m, April 3, 2022 - $1.4m). No amounts were owing to Baffin entities as at March 31, 2024 and April 2, 2023.

The joint venture between the Company and the Sazaby League (“Japan Joint Venture”), has lease liabilities due to the non-controlling shareholder, Sazaby League for leased premises. Lease liabilities were $1.9m as at March 31, 2024 (April 2, 2023 - $2.7m). During the year ended March 31, 2024, the Company incurred principal and interest on lease liabilities, royalty fees, and other operating costs to Sazaby League totalling $5.2m (April 2, 2023 - $5.9m, April 3, 2022 - $nil). Balances owing to Sazaby League as at March 31, 2024 were $0.3m (April 2, 2023 - $0.2m).

During the year ended March 31, 2024, the Japan Joint Venture sold inventory of $1.5m to companies wholly owned by Sazaby League (April 2, 2023 - $1.7m, April 3, 2022 - $nil). As at

F-56

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

March 31, 2024, the Japan Joint Venture recognized a trade receivable of $0.1m from these companies (April 2, 2023 - $0.1m).

Pursuant to the agreement entered between the Company and Sazaby League to form the Japan Joint Venture (“Joint Venture Agreement”), during the year ended April 2, 2023 the Company sold inventory of $11.9m to Sazaby League for repurchase by the Japan Joint Venture, and subsequently the Japan Joint Venture repurchased $11.9m of inventory from Sazaby League. These transactions were measured based on pricing established through the Joint Venture Agreement at market terms and were not recognized as sales transactions. There were no similar inventory transactions for the year ended March 31, 2024. The repurchase of inventory pursuant to this Joint Venture Agreement was completed during the fourth quarter ended April 2, 2023.

In connection with the business combination during the year ended March 31, 2024, the Company recognized $1.5m of remuneration costs related to the Earn-Out based on the estimated value of $7.4m for the payout. These costs have been included in other long-term liabilities on the statement of financial position, and reflects the amount owing to the PCML Vendors as at March 31, 2024.

A lease liability due to one of the PCML Vendors for leased premises was $1.2m as at March 31, 2024. During the year ended March 31, 2024, the Company paid principal and interest on the lease liability, to one of the PCML Vendors totalling less than $0.1m. No amounts were owing to one of the PCML Vendors as at March 31, 2024.

Terms and conditions of transactions with related parties

Transactions with related parties are conducted on terms pursuant to an approved agreement, or are approved by the Board of Directors.

Key management compensation

Key management consists of the Board of Directors, the Chairman and Chief Executive Officer and the executives who report directly to the Chairman and Chief Executive Officer.

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Short term employee benefits	10.8	10.1	12.5
Long term employee benefits	0.2	0.1	0.1
Termination benefits	1.0	—	—
Share-based compensation	7.3	11.2	11.5
Compensation expense	19.3	21.4	24.1

Note 21.    Financial instruments and fair values

The Company’s derivative financial assets and financial liabilities are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets and financial liabilities are determined, in particular, the valuation technique(s) and inputs used.

F-57

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Financial assets/ financial liabilities	Fair value hierarchy	Valuation technique(s) and key input(s)
Foreign currency forward contracts	Level 2	Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Foreign currency and interest rate swap contracts	Level 2	Future cash flows are estimated based on forward exchange rates (from observable forward exchange and interest swap rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Revolving Facility, Term Loan and Japan Facility	Level 2	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Mainland China Facilities	Level 3	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	Level 3	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised.
Contingent consideration	Level 3	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate.
Earn-Out (note 5)	Level 3	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments.

F-58

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The following table presents the fair values and fair value hierarchy of the Company’s financial instruments and excludes financial instruments carried at amortized cost that are short-term in nature, where fair value approximates carrying values:

	March 31, 2024					April 2, 2023
	Level 1	Level 2	Level 3	Carrying value	Fair value	Level 1	Level 2	Level 3	Carrying value	Fair value
	$	$	$	$	$	$	$	$	$	$
Financial assets
Derivatives included in other current assets	—	15.1	—	15.1	15.1	—	12.4	—	12.4	12.4
Derivatives included in other long-term assets	—	6.9	—	6.9	6.9	—	12.4	—	12.4	12.4
Financial liabilities
Derivatives included in accounts payable and accrued liabilities	—	1.9	—	1.9	1.9	—	3.3	—	3.3	3.3
Mainland China Facilities	—	—	—	—	—	—	—	9.8	9.8	9.8
Japan Facility	—	5.4	—	5.4	5.4	—	13.7	—	13.7	13.7
Term Loan	—	392.5	—	392.5	389.2	—	395.7	—	395.7	433.1
Derivatives included in other long-term liabilities	—	5.3	—	5.3	5.3	—	6.0	—	6.0	6.0
Put option liability included in other long-term liabilities	—	—	29.4	29.4	29.4	—	—	32.1	32.1	32.1
Contingent consideration included in other long-term liabilities	—	—	17.7	17.7	17.7	—	—	16.8	16.8	16.8
Earn-Out included in other long-term liabilities (note 5)	—	—	1.5	1.5	1.5	—	—	—	—	—

In connection with the Japan Joint Venture, for the year ended March 31, 2024, the Company recorded an increase of JPY327.0m ($0.9m, excluding translation losses of $1.9m) on the remeasurement of the contingent consideration. The Company recorded an increase of JPY129.3m (a decrease of $2.7m, excluding translation losses of $4.3m) on the remeasurement of the put option liability during the year ended March 31, 2024. The change in fair values of the contingent consideration and put option liability were driven by updated cash flow forecasts, progression through the 4-year and 10-year terms, respectively, and lower cost of equity in the market.

For the year ended April 2, 2023, the Company recorded a decrease of JPY301.2m ($3.2m, excluding translation losses of $0.3m) on the remeasurement of the contingent consideration. The Company recorded an increase of JPY1,079.9m ($10.9m, excluding translation gains of less than $0.1m) on the remeasurement of the put option liability during the year ended April 2, 2023.

F-59

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 22.    Financial risk management objectives and policies

The Company’s primary risk management objective is to protect the Company’s assets and cash flow, in order to increase the Company’s enterprise value.

The Company is exposed to capital management risk, liquidity risk, credit risk, market risk, foreign exchange risk, and interest rate risk. The Company’s senior management and Board of Directors oversee the management of these risks. The Board of Directors reviews and agrees policies for managing each of these risks which are summarized below.

Capital management

The Company manages its capital and capital structure with the objectives of safeguarding sufficient working capital over the annual operating cycle and providing sufficient financial resources to grow operations to meet long-term consumer demand. The Board of Directors of the Company monitors the Company’s capital management on a regular basis. The Company will continually assess the adequacy of the Company’s capital structure and capacity and make adjustments within the context of the Company’s strategy, economic conditions, and risk characteristics of the business.

Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to satisfy the requirements for business operations, capital expenditures, debt service and general corporate purposes, under normal and stressed conditions. The primary source of liquidity is funds generated by operating activities; the Company also relies on the Revolving Facility, the Mainland China Facilities, and Japan Facility as sources of funds for short term working capital needs. The Company continuously reviews both actual and forecasted cash flows to ensure that the Company has appropriate capital capacity.

The following table summarizes the amount of contractual undiscounted future cash flow requirements as at March 31, 2024:

	2025	2026	2027	2028	2029	Thereafter	Total
	$	$	$	$	$	$	$
Accounts payable and accrued liabilities	177.7	—	—	—	—	—	177.7
Japan Facility	5.4	—	—	—	—	—	5.4
Term Loan	4.0	4.1	4.1	380.9	—	—	393.1
Interest commitments relating to borrowings1	35.2	35.2	35.2	17.5	—	—	123.1
Lease obligations	92.0	75.8	66.3	42.1	32.5	81.6	390.3
Pension obligation	—	—	—	—	—	1.8	1.8
Total contractual obligations	314.3	115.1	105.6	440.5	32.5	83.4	1,091.4

1    Interest commitments are calculated based on the loan balance and the interest rate payable on the Japan Facility and the Term Loan of 0.45% and 8.94% respectively, as at March 31, 2024.

As at March 31, 2024, we had additional liabilities which included provisions for warranty, sales returns, asset retirement obligations, deferred income tax liabilities, the Earn-Out to the PCML Vendors, the put option liability and the contingent consideration on the Japan Joint Venture.

F-60

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

These liabilities have not been included in the table above as the timing and amount of future payments are uncertain.

Letter of guarantee facility

On April 14, 2020, Canada Goose Inc. entered into a letter of guarantee facility in the amount of $10.0m. Within the facility, letters of guarantee are available for terms of up to 12 months from the date of issuance and will be charged a fee equal to 1.0% per annum calculated against the face amount and over the term of the guarantee. Amounts issued on the facility will be used to finance working capital requirements through letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit, or similar credits. The Company immediately reimburses the issuing bank for amounts drawn on issued letters of guarantees. At March 31, 2024, the Company had $7.4m outstanding.

In addition, a subsidiary of the Company in Mainland China entered into letters of guarantee and as at March 31, 2024 the amount outstanding was $9.1m. Amounts will be used to support retail operations of such subsidiaries through letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit, or similar credits.

Credit risk

Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

Credit risk arises from the possibility that certain parties will be unable to discharge their obligations. The Company manages its credit risk through a combination of third party credit insurance and internal house risk. Credit insurance is provided by a third party for customers and is subject to continuous monitoring of the credit worthiness of the Company's customers. Insurance covers a specific amount of revenue, which may be less than the Company's total revenue with a specific customer. The Company has an agreement with a third party who has insured the risk of loss for up to 90% of trade accounts receivable from certain designated customers subject to a total deductible of $0.1m, to a maximum of $30.0m per year. As at March 31, 2024, trade accounts receivable totaling approximately $14.8m (April 2, 2023 - $10.3m) were insured subject to the policy cap. Complementary to the third party insurance, the Company establishes payment terms with customers to mitigate credit risk and continues to closely monitor its trade accounts receivable credit risk exposure.

Within CG Japan, the Company has an agreement with a third party who has insured the risk of trade accounts receivable for certain designated customers for a maximum of JPY540.0m per annum subject to a deductible of 10% and applicable only to accounts with receivables over JPY100k. As at March 31, 2024, trade accounts receivable totalling approximately $0.3m (JPY32.5m) were insured subject to the policy cap (April 2, 2023 - $0.7m (JPY72.8m)).

Customer deposits are received in advance from certain customers for seasonal orders to further mitigate credit risk, and applied to reduce accounts receivable when goods are shipped. As at March 31, 2024, customer deposits of $22.9m (April 2, 2023 - $0.2m) were included in accounts payable and accrued liabilities.

F-61

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The aging of trade receivables was as follows:

			Past due
	Total	Current	< 30 days	31-60 days	> 61 days
	$	$	$	$	$
Trade accounts receivable	57.1	33.5	10.0	5.1	8.5
Credit card receivables	3.7	3.7	—	—	—
Other receivables	12.3	11.8	0.3	—	0.2
March 31, 2024	73.1	49.0	10.3	5.1	8.7
Trade accounts receivable	30.4	22.2	4.4	1.1	2.7
Credit card receivables	2.5	2.5	—	—	—
Other receivables	19.5	18.9	0.5	—	0.1
April 2, 2023	52.4	43.6	4.9	1.1	2.8

Trade accounts receivable factoring program

A subsidiary of the Company in Europe has an agreement to factor, on a limited recourse basis, certain of its trade accounts receivable up to a limit of EUR20.0m in exchange for advanced funding equal to 100% of the principal value of the invoice. Accepted currencies include euros, British pounds sterling, and Swiss francs. The Company is charged a fee of the applicable sterling overnight index average reference rate plus 1.15% per annum, based on the number of days between the purchase date and the invoice due date, which is lower than the Company’s average borrowing rate under its Revolving Facility. The program is utilized to provide sufficient liquidity to support its international operating cash needs. Upon transfer of the receivables, the Company receives cash proceeds and continues to service the receivables on behalf of the third-party financial institution. The program meets the derecognition requirements in accordance with IFRS 9, Financial Instruments as the Company transfers substantially all the risks and rewards of ownership upon the sale of a receivable. These proceeds are classified as cash flows from operating activities in the statement of cash flows.

For the year ended March 31, 2024, the Company received total cash proceeds from the sale of trade accounts receivable with carrying values of $46.3m which were derecognized from the Company's statement of financial position (April 2, 2023 - $45.7m). Fees of $0.4m were incurred during the year ended March 31, 2024 (April 2, 2023 - $0.3m) and included in net interest, finance and other costs in the statements of income. As at March 31, 2024, the outstanding amount of trade accounts receivable derecognized from the Company’s statement of financial position, but which the Company continued to service was $0.6m (April 2, 2023 - $1.1m). Subsequent to the year ended March 31, 2024, the Company has terminated its factoring program.

Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise foreign exchange risk and interest rate risk.

F-62

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Foreign exchange risk

Foreign exchange risk in operating cash flows

The Company’s consolidated financial statements are expressed in Canadian dollars, but a substantial portion of the Company’s revenues, purchases, and expenses are denominated in other currencies, primarily U.S. dollars, euros, British pounds sterling, Swiss francs, Chinese yuan, Hong Kong dollars and Japanese yen. The Company has entered into forward foreign exchange contracts to reduce the foreign exchange risk associated with revenues, purchases, and expenses denominated in these currencies. Certain forward foreign exchange contracts were designated at inception and accounted for as cash flow hedges.

Revenues and expenses of all foreign operations are translated into Canadian dollars at the foreign currency exchange rates that approximate the rates in effect at the dates when such items are recognized. As a result, we are exposed to foreign currency translation gains and losses. Appreciating foreign currencies relative to the Canadian dollar, to the extent they are not hedged, will positively impact operating income and net income by increasing our revenue, while depreciating foreign currencies relative to the Canadian dollar will have the opposite impact.

The Company recognized the following unrealized gains and losses in the fair value of derivatives designated as cash flow hedges in other comprehensive income:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	Net gain	Tax recovery	Net loss	Tax recovery	Net loss	Tax expense
	$	$	$	$	$	$
Forward foreign exchange contracts designated as cash flow hedges	1.3	0.1	(3.7)	0.9	(4.5)	(0.1)

The Company reclassified the following losses and gains from other comprehensive income on derivatives designated as cash flow hedges to locations in the consolidated financial statements described below:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
Loss (gain) from other comprehensive income	$	$	$
Forward foreign exchange contracts designated as cash flow hedges
Revenue	1.8	5.5	3.9
SG&A expenses	(0.4)	0.1	(0.4)
Inventory	0.5	0.8	(0.9)

During the year ended March 31, 2024, an unrealized gain of $1.7m (April 2, 2023 - unrealized gain of $4.5m, April 3, 2022 - unrealized gain of $4.7m) on forward exchange contracts that were not treated as hedges was recognized in SG&A expenses in the statements of income.

F-63

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Foreign currency forward exchange contracts outstanding as at March 31, 2024 related to operating cash flows were:

(in millions)	Aggregate Amounts		Currency
Forward contract to purchase Canadian dollars	USD	62.1	U.S. dollars
	€	89.3	euros
	¥	2,085.8	Japanese yen
Forward contract to sell Canadian dollars	USD	22.4	U.S. dollars
	€	40.1	euros
Forward contract to purchase euros	CNY	525.4	Chinese yuan
	£	25.5	British pounds sterling
	HKD	32.9	Hong Kong dollars
	CHF	0.1	Swiss francs
Forward contract to sell euros	CHF	3.3	Swiss francs
	£	1.5	British pounds sterling
	CNY	9.2	Chinese yuan
	HKD	7.0	Hong Kong dollars

Foreign exchange risk on borrowings

The Company enters into derivative transactions to hedge a portion of its exposure to interest rate risk and foreign currency exchange risk related to principal and interest payments on the Term Loan denominated in U.S. dollars (see “Note 17. Borrowings”). The Company also entered into a five-year forward exchange contract by selling $368.5m and receiving USD270.0m as measured on the trade date, to fix the foreign exchange risk on a portion of the term loan borrowings.

The Company recognized the following unrealized losses and gains in the fair value of derivatives designed as hedging instruments in other comprehensive income:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	Net loss	Tax recovery	Net gain	Tax expense	Net gain	Tax expense
	$	$	$	$	$	$
Swaps designated as cash flow hedges	(1.8)	0.3	4.1	(0.8)	13.2	(4.5)

F-64

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

The Company reclassified the following gains and losses from other comprehensive income on derivatives designated as hedging instruments to net interest, finance and other costs:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
(Gain) loss from other comprehensive income	$	$	$
Swaps designated as cash flow hedges	(2.0)	0.5	0.9

During the year ended March 31, 2024, an unrealized loss of $1.3m (April 2, 2023 - unrealized gain of $17.5m, April 3, 2022 - unrealized loss of $4.6m) in the fair value of the long-dated forward exchange contract related to a portion of the Term Loan balance has been recognized in net interest, finance and other costs in the consolidated statements of income.

Interest rate risk

The Company is exposed to interest rate risk related to the effect of interest rate changes on the borrowings outstanding under the Japan Facility, and the Term Loan, which currently bear interest rates at 0.45%, and 8.94%, respectively.

Interest rate risk on the Term Loan is partially mitigated by interest rate swap hedges. The Company entered into five-year interest rate swaps agreements terminating December 31, 2025 to pay fixing interest rate and receiving floating interest rates on notional debt of USD270.0m. Effective June 30, 2023, the floating interest benchmark reference rate contained within the swap agreements were amended from LIBOR to SOFR and the average fixed rates were reduced from 1.97% to 1.76%. These swap agreements fix the interest rate on the USD300.0m Term Loan. Following the amendment, the interest rate swaps continue to be designated and accounted for as cash flow hedges.

Based on the closing balance of outstanding borrowings, a 1.00% increase in the closing interest rate during the year ended March 31, 2024 would have increased interest expense on the Japan Facility and the Term Loan before hedging by $0.1m and $3.9m, respectively (April 2, 2023 - $0.3m, and $3.9m, respectively).

Until the third quarter ended December 31, 2023, the Company calculated interest rate sensitivity on debt facilities using the average balance of the facility and average interest rate in the reporting period. Following the third quarter, and applicable for the fourth quarter and fiscal year ended March 31, 2024, the Company calculated interest rate sensitivity on debt facilities using the closing balance of the facility and the closing interest rate. The Company believes this change provides more relevant information on interest rate sensitivity. The Company has recognized this change as a change in estimates and had adjusted the disclosure prospectively.

F-65

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

Note 23.     Selected cash flow information

Changes in non-cash operating items

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Trade receivables	(12.4)	(4.6)	(8.7)
Inventories	27.2	(49.9)	(60.7)
Other current assets	2.8	(9.4)	(3.4)
Accounts payable and accrued liabilities	(9.5)	(16.8)	(8.5)
Provisions	5.2	9.0	3.7
Other	(2.8)	(3.7)	(5.2)
Change in non-cash operating items	10.5	(75.4)	(82.8)

Changes in liabilities and equity arising from financing activities

	Mainland China Facilities	Japan Facility	Revolving Facility	Term Loan	Lease liabilities	Share capital
	$	$	$	$	$	$
April 2, 2023	9.8	13.7	(0.5)	395.7	334.8	118.7
Cash flows:
Mainland China Facilities borrowings	(9.8)	—	—	—	—	—
Japan Facility borrowings	—	(8.3)	—	—	—	—
Term Loan repayments	—	—	—	(4.0)	—	—
Transactions costs on financing activities	—	—	(0.1)	(0.1)	—	—
Normal course issuer bid purchase of subordinate voting shares	—	—	—	—	—	(140.2)
Principal payments on lease liabilities	—	—	—	—	(69.2)	—
Issuance of shares	—	—	—	—	—	0.1
Additions from business combination	—	—	—	—	1.2	—
Non-cash items:
Accrued transaction costs	—	—	(0.7)	—	—	—
Amortization of deferred transaction costs	—	—	0.3	0.2	—	—
Unrealized foreign exchange loss (gain)	—	—	—	0.7	(2.2)	—
Additions and amendments to lease liabilities (note 13)	—	—	—	—	65.9	—
Share purchase charge to retained earnings (note 18)	—	—	—	—	—	122.4
Contributed surplus on share issuances (note 18)	—	—	—	—	—	3.9
March 31, 2024	—	5.4	(1.0)	392.5	330.5	104.9

F-66

Notes to the Consolidated Financial Statements

March 31, 2024

(in millions of Canadian dollars, except share and per share data)

	Mainland China Facilities	Japan Facility	Revolving Facility	Term Loan	Lease liabilities	Net derivative asset on terminated contracts	Share capital
	$	$	$	$	$	$	$
April 3, 2022	—	—	(0.9)	370.0	250.7	(7.3)	118.5
Cash flows:
Cash inflow from business combination	—	19.4	—	—	3.2	—	—
Mainland China Facilities borrowings	9.8	—	—	—	—	—	—
Japan Facility repayments	—	(5.7)	—	—	—	—	—
Term Loan repayments	—	—	—	(4.0)	—	—	—
Normal course issuer bid purchase of subordinate voting shares	—	—	—	—	—	—	(26.7)
Principal payments on lease liabilities	—	—	—	—	(62.2)	—	—
Settlement of term loan derivative contracts	—	—	—	—	—	8.6	—
Non-cash items:
Amortization of deferred transaction costs	—	—	0.4	0.2	—	—	—
Fair market valuation	—	—	—	—	—	(0.6)	—
Unrealized foreign exchange loss (gain)	—	—	—	29.5	11.5	(0.7)	—
Additions and amendments to lease liabilities (note 13)	—	—	—	—	132.3	—	—
Derecognition on termination of lease liabilities (note 13)	—	—	—	—	(0.7)	—	—
Share purchase charge to retained earnings (note 18)	—	—	—	—	—	—	24.3
Normal course issuer bid purchase of subordinate voting shares held for cancellation (note 18)	—	—	—	—	—	—	(0.1)
Contributed surplus on share issuances (note 18)	—	—	—	—	—	—	2.7
April 2, 2023	9.8	13.7	(0.5)	395.7	334.8	—	118.7

Note 24.     Subsequent Events

Subsequent to the year ended March 31, 2024, the Company and Sazaby League amended the Joint Venture Agreement to extend the period by which the deferred contingent consideration is payable if an agreed cumulative adjusted EBIT target is not reached through the period ended June 30, 2026 to April 2, 2028.

Subsequent to the year ended March 31, 2024, the Company has terminated its trade receivables factoring program.

F-67

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF

CANADA GOOSE HOLDINGS INC.

(PARENT COMPANY)

All operating activities of Canada Goose Holdings Inc. (the “Parent Company”) are conducted by its subsidiaries. The Parent Company is a holding company and does not have any material assets or conduct business operations other than investments in its subsidiaries. The credit agreement of Canada Goose Inc., a wholly owned subsidiary of the Parent Company, contains provisions whereby Canada Goose Inc. has restrictions on the ability to pay dividends, loan funds and make other upstream distributions to the Parent Company.

These condensed parent company financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements. See the consolidated financial statements and notes presented above for additional information and disclosures with respect to these condensed financial statements.

F-68

PARENT COMPANY INFORMATION

Canada Goose Holdings Inc.

Schedule I – Condensed Statements of Income

(in millions of Canadian dollars)

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Equity in comprehensive income of subsidiary	63.6	97.5	88.6
Fee income from subsidiary	6.9	10.2	10.8
	70.5	107.7	99.4
Selling, general and administration expenses	16.7	16.8	16.9
Net interest, finance and other costs	—	0.5	1.9
Income before income taxes	53.8	90.4	80.6
Income tax recovery	(2.5)	(1.6)	(2.0)
Net income	56.3	92.0	82.6
Attributable to:
Shareholders of the Company	57.8	95.7	82.6
Non-controlling interest	(1.5)	(3.7)	—
Net income	56.3	92.0	82.6

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

F-69

PARENT COMPANY INFORMATION

Canada Goose Holdings Inc.

Schedule I – Condensed Statements of Financial Position

(in millions of Canadian dollars)

	March 31, 2024	April 2, 2023
		Reclassified
Assets	$	$
Current assets
Cash	—	6.9
Total current assets	—	6.9
Note receivable from subsidiary	92.6	76.4
Investment in subsidiary	408.9	479.8
Deferred income taxes	13.4	10.9
Total assets	514.9	574.0
Liabilities
Current liabilities
Accounts payable and accrued liabilities	1.6	20.1
Due to subsidiary	60.4	44.3
Total current liabilities	62.0	64.4
Other non-current liabilities	29.4	32.1
Total liabilities	91.4	96.5
Equity
Equity attributable to shareholders of the Company	417.0	469.5
Non-controlling interests	6.5	8.0
Total equity	423.5	477.5
Total liabilities and equity	514.9	574.0

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

F-70

PARENT COMPANY INFORMATION

Canada Goose Holdings Inc.

Schedule I – Condensed Statements of Changes in Equity

(in millions of Canadian dollars)

	Share capital	Contributed surplus	Retained earnings	Total attributable to shareholders	Non-controlling interest	Total
	$	$	$	$	$	$
Balance at March 28, 2021	120.5	25.2	431.9	577.6	—	577.6
Normal course issuer bid purchase of subordinate voting shares	(11.9)	—	(241.3)	(253.2)	—	(253.2)
Issuance of shares	9.9	(2.8)	—	7.1	—	7.1
Net income	—	—	82.6	82.6	—	82.6
Share-based payment	—	14.0	—	14.0	—	14.0
Deferred tax on share-based payment	—	(0.2)	—	(0.2)	—	(0.2)
Balance at April 3, 2022	118.5	36.2	273.2	427.9	—	427.9
Non-controlling interest on business combination	—	—	—	—	11.7	11.7
Put option for non-controlling interest	—	—	(21.2)	(21.2)	—	(21.2)
Normal course issuer bid purchase of subordinate voting shares	(2.4)	—	(24.3)	(26.7)	—	(26.7)
Normal course issuer bid purchase of subordinate voting shares held for cancellation	(0.1)	—	(1.1)	(1.2)	—	(1.2)
Liability to broker under automatic share purchase plan	—	(20.0)	—	(20.0)	—	(20.0)
Issuance of shares	2.7	(2.7)	—	—	—	—
Net income	—	—	95.7	95.7	(3.7)	92.0
Share-based payment	—	15.0	—	15.0	—	15.0
Balance at April 2, 2023	118.7	28.5	322.3	469.5	8.0	477.5
Normal course issuer bid purchase of subordinate voting shares	(17.8)	—	(122.4)	(140.2)	—	(140.2)
Liability to broker under automatic share purchase plan	—	20.0	—	20.0	—	20.0
Issuance of shares	4.0	(3.9)	—	0.1	—	0.1
Net income	—	—	57.8	57.8	(1.5)	56.3
Share-based payment	—	9.8	—	9.8	—	9.8
Balance at March 31, 2024	104.9	54.4	257.7	417.0	6.5	423.5

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

F-71

PARENT COMPANY INFORMATION

Canada Goose Holdings Inc.

Schedule I – Condensed Statements of Cash Flows

(in millions of Canadian dollars)

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Operating activities
Net income	56.3	92.0	82.6
Items not affecting cash:
Equity in undistributed earnings of subsidiary	(63.6)	(97.5)	(88.6)
Net interest expense	—	0.5	1.9
Income tax recovery	(2.5)	(1.6)	(2.0)
Share-based compensation	9.8	15.0	14.0
	—	8.4	7.9
Changes in assets and liabilities	1.7	(493.5)	(20.2)
Intercompany accounts payable	—	240.0	242.5
Net cash from (used in) operating activities	1.7	(245.1)	230.2
Investing activities
Dividend received	131.5	198.4	—
Investment in shares of subsidiary	—	80.0	—
Net cash from investing activities	131.5	278.4	—
Financing activities
Subordinate voting shares purchased and cancelled under NCIB	(140.2)	(26.7)	(241.3)
Exercise of stock options	0.1	—	7.1
Net cash used in financing activities	(140.1)	(26.7)	(234.2)
(Decrease) increase in cash	(6.9)	6.6	(4.0)
Cash, beginning of year	6.9	0.3	4.3
Cash, end of year	—	6.9	0.3

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

F-72

PARENT COMPANY INFORMATION

Canada Goose Holdings Inc.

Schedule I – Notes to the Condensed Financial Statements

(in millions of Canadian dollars)

1.BASIS OF PRESENTATION

The Parent Company is a holding company that conducts substantially all of its business operations through its subsidiaries. The Parent Company (a British Columbia corporation) was incorporated on November 21, 2013.

The Parent Company has accounted for the earnings of its subsidiaries under the equity method in these unconsolidated condensed financial statements.

Certain comparative figures have been reclassified to conform with the current year presentation.

2.TRANSACTIONS WITH SUBSIDIARIES

The Parent Company received cash dividends from its consolidated subsidiaries totaling $131.5m during the year ended March 31, 2024, $198.4m dividends were received for the year ended April 2, 2023, and no dividends were received for the year ended April 3, 2022.

3.COMMITMENTS AND CONTINGENCIES

The Parent Company has no material commitments or contingencies during the reported periods.

4.SHAREHOLDERS’ EQUITY

See the Annual Consolidated Financial Statements note 18 Shareholders’ equity during the year ended March 31, 2024.

F-73

EX-8.1

Exhibit 8.1

SUBSIDIARIES OF CANADA GOOSE HOLDINGS, INC.

Entity	Jurisdiction
Canada Goose Inc.	Ontario
Canada Goose International Holdings Limited	United Kingdom
Canada Goose US, Inc.	Delaware
Canada Goose International AG	Zug (Switzerland)
Canada Goose Services Limited	United Kingdom
Canada Goose UK Retail Limited	United Kingdom
Canada Goose France Retail SAS	France
Canada Goose Italy Retail S.r.l	Italy
Canada Goose Germany Retail GmbH	Germany
Canada Goose Netherlands Retail B.V.	Netherlands
Canada Goose EU B.V.	Netherlands
Canada Goose Asia Holdings Limited	Hong Kong
CG (Shanghai) Trading Co., Ltd.	Jing’an, Shanghai
Canada Goose HK Limited	Hong Kong
Canada Goose Japan, K.K.(1)	Japan
Canada Goose Australia Pty Ltd	Australia
Paola Confectii Manufacturing S.R.L.	Romania
Baffin Limited	Ontario
Baffin US, Inc.	Delaware

(1)50% owned by Canada Goose International AG.

97800087_1

EX-12.1

Exhibit 12.1

CERTIFICATION

I, Dani Reiss, certify that:

1. I have reviewed this annual report on Form 20-F of Canada Goose Holdings Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

4. The company’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and

5. The company’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the company’s internal control over financial reporting.

Date: May 16, 2024

By:	/s/ Dani Reiss
	Dani Reiss
	Chairman and Chief Executive Officer

EX-12.2

Exhibit 12.2

CERTIFICATION

I, Neil Bowden, certify that:

1. I have reviewed this annual report on Form 20-F of Canada Goose Holdings Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

4. The company’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the company and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and

5. The company’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the company’s internal control over financial reporting.

Date: May 16, 2024

By:	/s/ Neil Bowden
	Neil Bowden
	Chief Financial Officer

EX-13.1

Exhibit 13.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

    In connection with this annual report on Form 20-F of Canada Goose Holdings Inc. (the “Company”) for the fiscal year ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dani Reiss, Chairman and Chief Executive Officer of the Company, hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(i)	The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 16, 2024

By:	/s/ Dani Reiss
	Dani Reiss
	Chairman and Chief Executive Officer (Principal Executive Officer)

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and is not being filed as part of the Form 20-F or as a separate disclosure document.

EX-13.2

Exhibit 13.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

    In connection with this annual report on Form 20-F of Canada Goose Holdings Inc. (the “Company”) for the fiscal year ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Neil Bowden, Chief Financial Officer of the Company, hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(i)	The Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 16, 2024

By:	/s/ Neil Bowden
	Neil Bowden
	Chief Financial Officer (Principal Financial Officer)

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and is not being filed as part of the Form 20-F or as a separate disclosure document.

EX-15.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in Registration Statement No. 333-216812 on Form S-8 of our reports dated May 15, 2024, relating to the financial statements of Canada Goose Holdings Inc. (the “Company”) and the effectiveness of the Company’s internal control over financial reporting, appearing in this Annual Report on Form 20-F for the year ended March 31, 2024.

/s/ Deloitte LLP

Chartered Professional Accountants

Licensed Public Accountants

Toronto, Canada

May 16, 2024

EX-19.1

CANADA GOOSE HOLDINGS INC.

INSIDER TRADING POLICY

CP07-02-24

CP07-02-24         Page 1 of 9

CANADA GOOSE HOLDINGS INC.

INSIDER TRADING POLICY

CP07-02-24

1.PURPOSE

The Board of Directors (the “Board”) of Canada Goose Holdings Inc. (“Canada Goose” or the “Company”) has adopted this Insider Trading Policy (the “Policy”) to help prevent the illegal use or disclosure of confidential or other non-public information about Canada Goose as well as other companies with which we have a business relationship. This Policy sets forth the rules to follow concerning the trading in securities of Canada Goose, a publicly traded company subject to securities laws in Canada and the United States. It applies to all transactions in securities of Canada Goose, including shares, debt, options to purchase shares (including the exercise of options), and any other securities that may be issued from time to time (collectively, “Canada Goose Securities”).

2.SCOPE

This Policy applies to directors, officers, employees, consultants and contractors of Canada Goose, its subsidiaries, and its controlled affiliates. Such individuals are referred to in this Policy as “insiders”. Insiders must ensure that all restrictions applicable to them under this Policy are also observed by family members who reside with them, anyone else who lives in their households and any family members who do not live in their households but whose transactions in Canada Goose Securities are directed by them or are subject to their influence or control (such as parents or children who consult with them before they trade in Canada Goose Securities).

This Policy also applies to any person who receives material non-public information, directly or indirectly, from an insider. Any person who comes into possession of material non-public information regarding Canada Goose shall be considered an insider for purposes of this Policy for so long as the information remains material and non-public.

It is the personal responsibility of each insider and any other person subject to this Policy to ensure that, when they trade or propose to trade in Canada Goose Securities or securities of companies with which Canada Goose has business dealings, they comply with all applicable securities laws and insider trading restrictions including those referred to in this Policy. The provisions of this Policy are qualified by the specific provisions of applicable law, which shall always apply regardless of this Policy. For greater certainty and without limiting the responsibilities of any person under this Policy, any breach of insider trading or tipping laws shall be deemed to be a breach of this Policy.

CP07-02-24         Page 2 of 9

3.GENERAL POLICY

Canada Gooseprohibits the unauthorized disclosure of any non-public information regarding Canada Goose and the trading of any Canada Goose Securities by any person in possession of material non-public information.

A.Definition of Material Non-Public Information

Non-public information is information that has not been previously generally disseminated to the public. Information is material if there is a substantial likelihood that a reasonable investor would consider it important in deciding whether to buy, hold or sell a security. Any information that could reasonably be expected to affect the price of the security is material. Material information may be either positive or negative information. For a listing of potential material information, reference should be made to Appendix A of the Disclosure Policy.

B.No Trading on Material Non-Public Information

Insiders shall not, directly or indirectly, engage in any transaction involving a purchase or sale of Canada Goose Securities, during any period commencing upon possession of material non-public information about Canada Goose and ending as of the close of business on the second (2nd) Trading Day following public disclosure by Canada Goose of said information. “Trading Day” shall mean a day on which both theNew York Stock Exchange(“NYSE”) and the Toronto Stock Exchange (“TSX”) are open for trading.

C.No Tipping

No insider shall, directly or indirectly, disclose (“tip”) material non-public information about Canada Goose to any other person (including members of his or her immediate family or household, other employees or outside professional advisors), nor shall such insider make, directly or indirectly, recommendations or express opinions on the basis of material non-public information as to trading in Canada Goose Securities. This should be read in conjunction with Canada Goose’s Disclosure Policy.

D.No Hedging Transactions or Short Sales

Hedging or monetization transactions can be accomplished through a number of possible mechanisms. Such hedging transactions may permit an insider to continue to own Canada Goose Securities obtained through employee benefit plans or otherwise, but without the full risks and rewards of ownership. When that occurs, the insider may no longer have the same objectives as the Company’s other shareholders. Therefore, insiders are prohibited from engaging in any hedging or monetization activities including, without limitation, any use of financial instruments (such as options, puts, calls, forward contracts, futures, swaps, collars or units of exchange funds) or any other transactions that are designed to hedge or offset a decrease in the market value of any Canada Goose Securities beneficially owned by

CP07-02-24         Page 3 of 9

the insider, directly or indirectly, or in the value of any equity-based compensation awards of the insider (such as stock options, deferred share units, restricted share units and performance share units). Similarly, insiders are prohibited from short selling any Canada Goose Securities as such transactions may allow insiders to offset, or benefit from, a decrease in the market value of Canada Goose Securities.

E.No Margin Accounts or Pledged Securities

Securities held in a margin account or pledged as collateral for a loan may be sold without the holder’s consent by the broker if the holder fails to meet a margin call or by the lender in foreclosure if the holder defaults on the loan. Because a margin or foreclosure sale may occur when an insider is aware of material non-public information or otherwise is not permitted to trade, insiders are prohibited from holding Canada Goose Securities in a margin account or pledging Canada Goose Securities as collateral for a loan without first seeking pre-approval from the Audit Committee of the Board. An exception may be granted where an insider wishes to pledge Canada Goose Securities as collateral for a loan (not including margin debt) and clearly demonstrates the financial capacity to repay the loan without resort to the pledged securities. An insider wishing to pledge Canada Goose Securities as collateral for a loan must submit a request for approval to the Head of the Legal Department at least two weeks prior to the proposed execution of documents evidencing the proposed pledge.

F.Speculative Trading

Canada Goose recognizes that insiders may trade in Canada Goose Securities from time to time in compliance with the terms and conditions of this Policy including trading in common shares of Canada Goose acquired or received pursuant to equity compensation arrangements and through the implementation of automatic securities disposition plans/10b5-1 plans. However, insiders should refrain from frequent trading in Canada Goose Securities that would give rise to appearances of speculation.

4.TRADING RESTRICTIONS

In addition to the general prohibition against trading while in the possession of material non-public information, certain additional trading restrictions apply.

A.Scheduled Blackout Periods

The periods beginning on each of March 16, June 16, September 16 and December 1 of each year and ending at the close of business on the second (2nd) Trading Day following the public disclosure of the financial results for that quarter (each, a “Scheduled Blackout Period”) are particularly sensitive, as members of the Board and certain employees will often possess material non-public information about the expected financial results for the quarter. Accordingly, to ensure compliance with this Policy and applicable securities laws, members of the Board and all Canada Goose officers, vice-presidents, directors and managers, are

CP07-02-24         Page 4 of 9

prohibited from trading in Canada Goose Securities during Scheduled Blackout Periods, whether or not they possess material non-public information.

B.Additional Blackout Periods

From time to time, Canada Goose may also require that members of the Board and selected employees, consultants, contractors and others suspend trading activities because of the existence or potential existence of material non-public information (an “Additional Blackout Period”). In the event of any such Additional Blackout Period, the Head of the Legal Department may distribute a notice, in writing or by email, instructing those people not to engage in any trading of Canada Goose Securities until further notice, without disclosing the facts giving rise to the imposition of such trading suspension. Alternatively, any Additional Blackout Period may be imposed, without any notice, through the procedures for pre-clearance of trades described herein. Notice of an Additional Blackout Period is confidential, and should not be disclosed.

Even outside of Scheduled Blackout Periods or Additional Blackout Periods, any person possessing material non-public information on Canada Goose shall not engage in any transactions involving Canada Goose Securities until the close of business on the second (2nd) Trading Day following public disclosure by Canada Goose of such information in compliance with applicable securities laws. Members of the Board, officers, employees, consultants and contractors are expected to use their judgment in interpreting this Policy, and to err on the side of caution at all times.

C.Automatic Securities Disposition Plans

Insiders may be permitted from time to time to establish an Automatic Securities Disposition Plan (“ASDP”) and/or a pre-arranged trading plan that complies with Canadian securities laws and Rule 10b5-1 under the United States Securities and Exchange Act of 1934, or such other terms and conditions as determined by the Head of Legal Department on a case-by-case basis. Such plans must be properly documented and all of the procedural conditions of Canadian securities laws or Rule 10b5-1, as applicable, must be satisfied. All ASDPs must be pre-cleared and must be established at a time when the insider is not aware of any material non-public information.

D.Pre-Clearance of Trades

It is mandatory for members of the Board and all Canada Goose officers, designated finance employees, managers and above to pre-clear their trades in Canada Goose Securities with the Head of the Legal Department or the Chief Financial Officeror such other person as may be designated from time to time.

When in doubt, Canada Goose directors, officers, employees, consultants, contractors and other insiders are strongly encouraged to contact the Head of the Legal Department or the

CP07-02-24         Page 5 of 9

Chief Financial Officer in order to determine if, during a given period, they have the right to trade in Canada Goose Securities.

Each proposed transaction will be evaluated to determine if it raises insider trading concerns or other concerns under applicable securities laws. Clearance of a transaction is valid only for a 48-hour period. If the transaction order is not completed within that 48-hour period, clearance of the proposed transaction must be re-requested. If clearance is denied, the mere fact of such denial must be kept confidential by the person requesting such clearance. Reasons for denial of clearance need not be provided.

E.Designated Employees

The Head of the Legal Department may from time to time designate employees or categories of employees (such as non-managerial finance or legal personnel) who will be subject to this Policy (in all or in part) on the same basis as officers, directors, designated finance employee, managers and above including, without limitation, as it relates to Scheduled Blackout Periods and pre-clearance of trades.

F.Material Non-Public Information regarding other Companies

This Policy and the guidelines described herein also apply to material non-public information relating to other companies, including potential joint venture partners, customers, dealers, distributors and suppliers of Canada Goose, as well as potential merger or acquisition candidates. Information that may not be material to Canada Goose may nevertheless be material to one of those other companies and would accordingly prohibit trading or tipping. For the purposes of this Policy, information about such business partners should be treated in the same way as information related directly to Canada Goose.

5.POST-TERMINATION TRANSACTIONS

This Policy continues to apply to transactions in Canada Goose Securities even after an individual has terminated employment or other services to Canada Goose or a subsidiary as follows: if he or she is aware of material non-public information when the employment or service relationship terminates, he or she may not trade in Canada Goose Securities until that information has become public or is no longer material.

6.TRANSACTIONS UNDER COMPANY PLANS

A.Employee Share Purchase Plan

This Policy’s trading restrictions do not apply to periodic purchases under a Canada Goose employee share purchase plan, if such plan exists, that are made as the result of an election made at the beginning of the purchase period. This Policy’s trading restrictions would apply, however, to a decision to participate or cease to participate in the plan or a decision to

CP07-02-24         Page 6 of 9

increase or decrease the level of contribution in a subsequent purchase period. It would also apply to any transactions involving Canada Goose Securities purchased under the plan.

B.RRSPs and 401(k) Plans

This Policy’s trading restrictions do not apply to purchases of securities in the Company’s Registered Retirement Saving Plan (“RRSP”), 401(k) Plan or other similar type plans, if any exist, as a result of periodic contributions made pursuant to payroll deductions. This Policy’s trading restrictions do apply, however, to an election to participate or to cease to participate in such plans, to increases or decreases in the level of participation in such plans and transfers in or out of such plans (including in connection with a plan loan).

7.TRANSACTIONS NOT INVOLVING A PURCHASE OR SALE

Subject to all applicable restrictions under securities legislation, bona fide gifts of securities are not subject to this Policy unless the person making the gift has reasons to believe that the recipient intends to sell the securities at a time when the person making the gift (or a family member or other related person or entity) would be prohibited from doing so. There are no restrictions on trading the shares of a mutual fund that invests in Canada Goose Securities at any time.

8.INSIDER REPORTS

Certain insiders of Canada Goose, such as directors, certain senior officers and certain significant shareholders (collectively, the “Reporting Insiders”), are subject to insider reporting requirements under Canadian securities laws. Reporting Insiders are required to file an initial report with each of the Canadian securities regulatory authorities within ten (10) days after such persons become Reporting Insiders of Canada Goose, disclosing any direct or indirect beneficial ownership of, or control or direction over, any Canada Goose Securities, including an interest in, or right or obligation associated with, a related financial instrument involving Canada Goose Securities.

Reporting Insiders must also file additional reports of any changes in ownership of, or control or direction over, any Canada Goose Securities, including an interest in, or right or obligation associated with, a related financial instrument involving Canada Goose Securities, with each of the Canadian securities regulatory authorities not later than five (5) days following the date of the change.

In addition, affiliates who sell securities in the United States through NYSE must comply with the volume, manner of sale and notice requirements of Rule 144 under the U.S. Securities Act of 1933. Reporting Insiders who are considered “affiliates” of Canada Goose under U.S. securities laws by virtue of reasons other than being a member of the Board or officer must comply with additional requirements under U.S. federal securities laws in connection with sales of Canada Goose Securities, even if such sales take place outside the United States, and should consult legal counsel in advance of such sales.

CP07-02-24         Page 7 of 9

Any Reporting Insider failing to file reports within these time frames is subject to penalties from securities regulators, including fines and possible suspension from being eligible to act as an officer of a public company. Even though Canada Goose personnel may assist Reporting Insiders with such filings, the preparation and filing of these reports remains the sole responsibility of the individuals pursuant to applicable securities laws.

9.POTENTIAL CRIMINAL AND CIVIL LIABILITY AND/OR DISCIPLINARY ACTION

A.Liability for Insider Trading and Tipping

Canadian securities laws and U.S. federal and state securities laws prohibit the purchase or sale of a company’s securities by persons who are aware of material information about that company that is not generally known or available to the public. These laws also prohibit persons who are aware of such material non-public information from disclosing this information to others who may trade securities and from making recommendations or expressing opinions on the basis of such information. Violations of these laws can result in civil and criminal penalties including significant fines and penalties and imprisonment. Large penalties have been imposed even when the disclosing person did not profit personally from the trading. Companies and their controlling persons are also subject to liability if they fail to take reasonable steps to prevent insider trading by company personnel.

It is important that insiders understand the breadth of activities that constitute illegal insider trading and the consequences, which can be severe. The securities authorities in Canada and Securities and Exchange Commission and the Financial Industry Regulatory Authority in the United States, investigate and are very effective at detecting insider trading. These agencies, along with government prosecutors, pursue insider trading violations vigorously. Cases have been successfully prosecuted against trading by employees and others through foreign accounts, trading by family members and friends, and trading involving only a small number of shares.

B.Possible Disciplinary Actions

Directors, officers, employees, consultants and contractors of Canada Goose who violate this Policy may be subject to disciplinary action by Canada Goose, up to and including termination of employment or their service with the Company. If it appears that any insider or other person may have violated securities laws, Canada Goose may refer the matter to the appropriate regulatory authorities, which could lead to penalties, fines or imprisonment.

10.ADMINISTRATION OF INSIDER TRADING POLICY

Management of Canada Goose has established a Disclosure and Policy Compliance Committee for overseeing the development, communication, and monitoring of the effectiveness of the Company’s critical corporate policies including this Policy.

CP07-02-24         Page 8 of 9

This Policy is owned and sponsored by the Head of the Legal Department. All questions regarding this Policy should be referred to the Head of the Legal Department.

CP07-02-24         Page 9 of 9

EX-97.1

CANADA GOOSE HOLDINGS INC.

POLICY FOR RECOUPMENT OF INCENTIVE COMPENSATION

1.Introduction

In accordance with Section 10D of the Securities Exchange Act of 1934, as amended, and the regulations thereunder, the Board of Directors (the “Board”) of Canada Goose Holdings Inc. (the “Company”) has adopted a policy (the “Policy”) providing for the Company’s recoupment of certain incentive-based compensation paid to Covered Executives (as defined below) in the event that the Company is required to prepare an accounting restatement due to its material noncompliance with any financial reporting requirement under the securities laws.

2.Administration

Administration and enforcement of this Policy is delegated to the Compensation Committee of the Board (as constituted from time to time, and including any successor committee, the “Committee”). Determinations of the Committee under this Policy need not be uniform with respect to any or all Covered Executives and will be final and binding.

3.Effective Date

This Policy shall be effective as of December 1, 2023 (the “Effective Date”) and shall apply only to Covered Compensation (as defined below) that is approved, awarded or granted to Covered Executives on or after the Effective Date, except as otherwise agreed to by any Covered Executive.

4.Covered Executives

This Policy covers each current or former officer of the Company subject to Section 16 of the Securities Exchange Act of 1934, as amended (each, a “Covered Executive”).

5.Covered Compensation

This Policy applies to any cash-based and equity-based incentive compensation, bonuses, and awards granted, paid, earned or that become vested wholly or in part upon the attainment of any financial reporting measure (“Covered Compensation”) to Covered Executives. For the avoidance of doubt, none of the following shall be deemed to be Covered Compensation: (i) salaries; (ii) bonuses paid solely at the discretion of the Committee or Board that are not paid from a “bonus pool” that is determined by satisfying a financial reporting measure performance goal; (iii) bonuses paid solely upon satisfying one or more subjective standards (e.g., demonstrated leadership) and/or completion of a specified employment period; (iv) non-equity incentive plan awards earned solely upon satisfying one or more strategic measures (e.g., consummating a merger or divestiture), or operational measures (e.g., opening a specified number of stores, completion of a project, increase in market share); and (v) equity awards for which the grant is not contingent upon achieving any financial reporting measure performance

goal and vesting is contingent solely upon completion of a specified employment period and/or attaining one or more nonfinancial reporting measures. This Policy shall apply to any Covered Compensation received by an employee who served as a Covered Executive at any time during the performance period for that Covered Compensation.

6.Financial Restatements; Recoupment

In the event that the Company is required to prepare an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period (such an accounting restatement, a “Restatement”), the Committee shall review the Covered Compensation received by a Covered Executive during the three-year period preceding the Required Financial Restatement Date (as defined below) as well as any transition period that results from a change in the Company’s fiscal year within or immediately following those completed fiscal years. Regardless of whether the Company filed the restated financial statements, the Committee shall, to the full extent permitted by governing law, seek recoupment of any Covered Compensation, whether in the form of cash or equity, awarded or paid to a Covered Executive (computed without regard to any taxes paid), if and to the extent:

a.the amount of the Covered Compensation was calculated based upon the achievement of certain financial results that were subsequently the subject of a Restatement; and

b.the amount of the Covered Compensation that would have been awarded to the Covered Executive had the financial results been properly reported would have been lower than the amount actually awarded.

If the achievement of a certain financial result was considered in determining the Covered Compensation awarded or paid, but the Covered Compensation is not awarded or paid on a formulaic basis, the Committee shall determine in its sole discretion the amount, if any, by which the payment or award should be reduced or recouped.

For purposes of this Policy, the “Required Financial Restatement Date” is the earlier to occur of:

a.the date the Board, a committee of the Board, or any officer or officers authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare a Restatement; or

b.the date a court, regulator, or other legally authorized body directs the Company to prepare a Restatement.

For the avoidance of doubt, a Covered Executive will be deemed to have received Covered Compensation in the Company’s fiscal period during which the financial reporting measure

specified in the award is attained, even if the Covered Executive remains subject to additional payment conditions with respect to such award.

7.Method of Recoupment

The Committee will determine, in its sole discretion, the method for recouping erroneously awarded Covered Compensation, which may include, without limitation:

a.requiring reimbursement of cash incentive compensation previously paid;

b.seeking recovery of any Equity Proceeds;

c.cancelling or rescinding some or all outstanding vested or unvested equity (and/or equity-based) awards;

d.adjusting or withholding from unpaid compensation or other set-off to the extent permitted by applicable law; and/or

e.reducing or eliminating future salary increases, cash-based or equity-based incentive compensation, bonuses, awards or severance.

For purposes hereof, “Equity Proceeds” means all gross proceeds realized by a Covered Executive from the sale of Company shares previously obtained as incentive compensation, any unrealized gain from the exercise of Company stock options previously obtained as incentive compensation and any outstanding Company shares held by the Covered Executive that were received upon the exercise of Company stock options or share appreciation rights or in connection with the vesting or settlement of unvested shares or restricted share units of the Company, in each case previously obtained as incentive compensation, including for the avoidance of doubt, any performance awards (or, with respect to any vested Company stock options or share appreciation rights that have not yet been exercised, payment of the value thereof).

8.Impracticability Exceptions

The Committee shall not seek recoupment of any erroneously awarded Covered Compensation to the extent it determines that:

a.the direct expense paid to a third party to assist in enforcing this Policy would exceed the amount of erroneously-awarded Covered Compensation to be recovered;

b.recovery would violate home country law where that law was adopted prior to November 28, 2022; and/or

c.recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to Company employees, to fail to meet the requirements of Sections 401(a)(13) and 411(a) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder.

9.No Indemnification

For the avoidance of doubt, the Company shall not indemnify any Covered Executive against the loss of any erroneously awarded Covered Compensation or any Covered Compensation that is recouped pursuant to the terms of this Policy, or any claims relating to the Company’s enforcement of its rights under this Policy.

10.Severability

If any provision of this Policy or the application of any such provision to any Covered Executive shall be adjudicated to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Policy, and the invalid, illegal or unenforceable provisions shall be deemed amended to the minimum extent necessary to render any such provision or application enforceable.

11.Amendments

The Committee may amend, modify or terminate this Policy in whole or in part at any time in its sole discretion and may adopt such rules and procedures that it deems necessary or appropriate to implement this Policy or to comply with applicable laws and regulations.

12.No Impairment of Other Remedies

The remedies under this Policy are in addition to, and not in lieu of, any legal and equitable claims the Company may have or any actions that may be imposed by law enforcement agencies, regulators or other authorities. The Company may adopt additional recoupment provisions in the future or amend existing requirements as required by law or regulation. The Committee may require that any employment agreement, equity award agreement, or any other agreement entered into on or after the Effective Date shall, as a condition to the grant of any benefit thereunder, require the relevant subject person to agree to abide by the terms of this Policy. Covered Executives at any given time shall be deemed to have accepted continuing employment on terms that include compliance with this Policy, to the extent of its applicable provisions, and to be contractually bound by its enforcement provisions. Covered Executives at any given time who cease employment or service with the Company shall continue to be bound by the terms of this Policy with respect to any compensation that is subject to this Policy.

XML

Cover Page	12 Months Ended
	Mar. 31, 2024 shares
Document Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--03-31
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-38027
Entity Registrant Name	CANADA GOOSE HOLDINGS INC.
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	Floor 22, 100 Queens Quay East
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5E 1V3
Title of 12(b) Security	Subordinate voting shares
Trading Symbol	GOOS
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001690511
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Subordinate voting shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	45,528,438
Multiple voting shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	51,004,076
Business Contact
Document Information [Line Items]
Entity Address, Address Line One	Floor 22, 100 Queens Quay East
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5E 1V3
Contact Personnel Name	David M. Forrest
City Area Code	416
Local Phone Number	780-9850

XML

Audit Information	12 Months Ended
	Mar. 31, 2024
Auditor Information [Abstract]
Auditor Firm ID	1208
Auditor Name	Deloitte LLP
Auditor Location	Toronto, Canada

XML

Consolidated Statements of Income - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Profit or loss [abstract]
Revenue	$ 1,333.8	$ 1,217.0	$ 1,098.4
Cost of sales	416.4	401.8	364.8
Gross profit	917.4	815.2	733.6
Selling, general & administrative expenses	792.9	667.6	574.1
Profit (loss) from operating activities	124.5	147.6	159.5
Net interest, finance and other costs	48.8	54.1	41.8
Income before income taxes	75.7	93.5	117.7
Income tax expense	17.6	24.6	23.1
Net income	58.1	68.9	94.6
Attributable to:
Shareholders of the Company	58.4	72.7	94.6
Non-controlling interest	(0.3)	(3.8)	0.0
Net income	$ 58.1	$ 68.9	$ 94.6
Earnings per share attributable to shareholders of the Company
Basic (in CAD per share)	$ 0.58	$ 0.69	$ 0.87
Diluted (in CAD per share)	$ 0.57	$ 0.69	$ 0.87

XML

Consolidated Statements of Comprehensive Income - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Statement of comprehensive income [abstract]
Net income (loss)	$ 58.1	$ 68.9	$ 94.6
Items that will not be reclassified to earnings, net of tax:
Actuarial gain on post-employment obligation	0.0	0.6	0.1
Items that may be reclassified to earnings, net of tax:
Cumulative translation adjustment (loss) gain	(0.2)	16.1	(25.5)
Net (loss) gain on derivatives designated as cash flow hedges	(0.5)	0.4	8.7
Reclassification of net (gain) loss on cash flow hedges to income	(1.1)	6.0	4.7
Other comprehensive (loss) income	(1.8)	23.1	(12.0)
Comprehensive income	56.3	92.0	82.6
Attributable to:
Shareholders of the Company	57.8	95.7	82.6
Non-controlling interest	(1.5)	(3.7)	0.0
Comprehensive income	$ 56.3	$ 92.0	$ 82.6

XML

Consolidated Statements of Financial Position - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Current assets
Cash	$ 144.9	$ 286.5
Trade receivables	70.4	50.9
Inventories	445.2	472.6
Income taxes receivable	28.0	0.9
Other current assets	52.3	52.3
Total current assets	740.8	863.2
Deferred income taxes	76.3	67.5
Property, plant and equipment	171.8	156.0
Intangible assets	135.1	135.1
Right-of-use assets	279.8	291.8
Goodwill	70.8	63.9
Other long-term assets	7.0	12.5
Total assets	1,481.6	1,590.0
Current liabilities
Accounts payable and accrued liabilities	177.7	195.6
Provisions	26.1	21.6
Income taxes payable	16.8	31.5
Short-term borrowings	9.4	27.6
Current portion of lease liabilities	79.9	76.1
Total current liabilities	309.9	352.4
Provisions	37.3	36.5
Deferred income taxes	17.2	16.4
Revolving Facility	0.0	0.0
Term Loan	388.5	391.6
Lease liabilities	250.6	258.7
Other long-term liabilities	54.6	56.9
Total liabilities	1,058.1	1,112.5
Equity
Equity attributable to shareholders of the Company	417.0	469.5
Non-controlling interests	6.5	8.0
Total equity	423.5	477.5
Total liabilities and equity	$ 1,481.6	$ 1,590.0

XML

Consolidated Statements of Changes in Equity - CAD ($) $ in Millions	Total	Subordinate voting shares	Total attributable to shareholders	Share capital	Share capital Multiple voting shares	Share capital Subordinate voting shares	Contributed surplus	Retained earnings	Retained earnings Subordinate voting shares	Accumulated other comprehensive (loss) income	Non-controlling interest
Shareholders’ equity, beginning balance at Mar. 28, 2021	$ 577.6		$ 577.6	$ 120.5	$ 1.4	$ 119.1	$ 25.2	$ 437.1		$ (5.2)	$ 0.0
Normal course issuer bid purchase of subordinate voting shares	(253.2)	$ (253.2)	(253.2)	(11.9)		(11.9)		(241.3)	$ (241.3)
Issuance of shares	7.1		7.1	9.9	0.0	9.9	(2.8)
Net income (loss)	94.6		94.6					94.6
Other comprehensive (loss) income	(12.0)		(12.0)							(12.0)
Share-based payment	14.0		14.0				14.0
Deferred tax on share-based payment	(0.2)		(0.2)				(0.2)
Shareholders’ equity, ending balance at Apr. 03, 2022	427.9		427.9	118.5	1.4	117.1	36.2	290.4		(17.2)	0.0
Non-controlling interest on business combination	11.7										11.7
Put option for non-controlling interest	(21.2)		(21.2)					(21.2)
Normal course issuer bid purchase of subordinate voting shares	(26.7)	$ (26.7)	(26.7)	(2.4)		(2.4)		(24.3)	$ (25.4)
Normal course issuer bid purchase of subordinate voting shares held for cancellation	(1.2)		(1.2)	(0.1)		(0.1)		(1.1)
Liability to broker under automatic share purchase plan	(20.0)		(20.0)				(20.0)
Issuance of shares	0.0		0.0	2.7	0.0	2.7	(2.7)
Net income (loss)	68.9		72.7					72.7			(3.8)
Other comprehensive (loss) income	23.1		23.0							23.0	0.1
Share-based payment	15.0		15.0				15.0
Shareholders’ equity, ending balance at Apr. 02, 2023	477.5		469.5	118.7	1.4	117.3	28.5	316.5		5.8	8.0
Normal course issuer bid purchase of subordinate voting shares	(140.2)		(140.2)	(17.8)		(17.8)		(122.4)
Liability to broker under automatic share purchase plan	20.0		20.0				20.0
Issuance of shares	0.1		0.1	4.0	0.0	4.0	(3.9)
Net income (loss)	58.1		58.4					58.4			(0.3)
Other comprehensive (loss) income	(1.8)		(0.6)							(0.6)	(1.2)
Share-based payment	9.8		9.8				9.8
Shareholders’ equity, ending balance at Mar. 31, 2024	$ 423.5		$ 417.0	$ 104.9	$ 1.4	$ 103.5	$ 54.4	$ 252.5		$ 5.2	$ 6.5

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Consolidated Statements of Cash Flows - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Operating activities
Net income (loss)	$ 58.1	$ 68.9	$ 94.6
Items not affecting cash:
Depreciation and amortization	126.0	109.1	95.8
Income tax expense	17.6	24.6	23.1
Interest expense	44.4	34.0	38.1
Foreign exchange loss	0.8	0.3	9.0
Acceleration of unamortized costs on debt extinguishment	0.0	0.0	9.5
Impairment losses	1.2	1.0	7.7
Loss (gain) on disposal of assets	0.1	(0.1)	0.1
Share-based payment	10.2	15.0	14.0
Remeasurement of put option	1.6	10.9	0.0
Remeasurement of contingent consideration	2.8	(2.9)	0.0
Total items not affecting cash	262.8	260.8	291.9
Changes in non-cash operating items	10.5	(75.4)	(82.8)
Income taxes paid	(66.3)	(37.0)	(25.2)
Interest paid	(42.4)	(32.1)	(32.3)
Net cash from operating activities	164.6	116.3	151.6
Investing activities
Purchase of property, plant and equipment	(54.9)	(45.2)	(34.5)
Investment in intangible assets	(1.0)	(2.2)	(1.5)
Initial direct costs of right-of-use assets	(0.6)	(0.7)	(1.2)
Net cash (outflow) inflow from business combination	(15.9)	2.8	0.0
Net cash used in investing activities	(72.4)	(45.3)	(37.2)
Financing activities
Transaction costs on financing activities	(0.2)	0.0	(1.0)
Normal course issuer bid purchase of subordinate voting shares	(141.4)	(26.7)	(253.2)
Principal payments on lease liabilities	(69.2)	(62.2)	(46.9)
Settlement of term loan derivative contracts	0.0	8.6	0.0
Issuance of shares	0.1	0.0	7.1
Net cash used in financing activities	(232.8)	(80.7)	(298.2)
Effects of foreign currency exchange rate changes on cash	(1.0)	8.5	(6.4)
Decrease in cash	(141.6)	(1.2)	(190.2)
Cash, beginning of period	286.5	287.7	477.9
Cash, end of period	144.9	286.5	287.7
Mainland China Facilities
Financing activities
Revolving Facility (repayments) borrowings	(9.8)	9.8	0.0
Japan Facility
Financing activities
Japan Facility repayments and Term loan repayments	(8.3)	(5.7)	0.0
Term Loan
Financing activities
Japan Facility repayments and Term loan repayments	(4.0)	(4.0)	(4.7)
The Revolving Facility
Financing activities
Revolving Facility (repayments) borrowings	$ 0.0	$ (0.5)	$ 0.5

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The Company

12 Months Ended

Mar. 31, 2024

Corporate information and statement of IFRS compliance [abstract]

The Company

The Company

Organization

Canada Goose Holdings Inc. and its subsidiaries (the “Company”) design, manufacture, and sell performance luxury apparel for men, women, youth, children, and babies. The Company’s product offerings include various styles of parkas, lightweight down jackets, rainwear, windwear, apparel, fleece, footwear, and accessories for the fall, winter, and spring seasons. The Company’s head office is located at 100 Queens Quay East, Toronto, Canada, M5E 1V3. The use of the terms “Canada Goose”, “we”, and “our” throughout these notes to the consolidated financial statements refer to the Company.

Canada Goose is a public company listed on the Toronto Stock Exchange and the New York Stock Exchange under the trading symbol “GOOS”. The principal shareholders of the Company are investment funds advised by Bain Capital LP and its affiliates (“Bain Capital”), and DTR LLC, (“DTR”), an entity indirectly controlled by the Chairman and Chief Executive Officer of the Company. The principal shareholders hold multiple voting shares representing 52.8% of the total shares outstanding as at March 31, 2024, or 91.8% of the combined voting power of the total voting shares outstanding. Subordinate voting shares that trade on public markets represent 47.2% of the total shares outstanding as at March 31, 2024, or 8.2% of the combined voting power of the total voting shares outstanding.

Statement of compliance

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

These consolidated financial statements were authorized for issuance by the Company’s Board of Directors on May 15, 2024.

Fiscal year

The Company's fiscal year is a 52 or 53-week reporting cycle with the fiscal year ending on the Sunday closest to March 31. Each fiscal quarter is 13 weeks for a 52-week fiscal year. The additional week in a 53-week fiscal year is added to the third quarter. Fiscal 2022 was the first 53-week fiscal year, which ended on April 3, 2022. Fiscal 2024 is a 52-week fiscal year.

Operating segments

The Company classifies its business in three operating and reportable segments: Direct-to-Consumer (“DTC”), Wholesale, and Other. The DTC segment comprises sales through country-specific e-Commerce platforms available across numerous markets, which includes the newly launched recommerce platform Canada Goose Generations, currently available in the United States and Canada, and our Company-owned retail stores located in luxury shopping locations.

The Wholesale segment comprises sales made to a mix of retailers and international distributors, who are partners that have exclusive rights to an entire market. The Wholesale segment includes the introduction of travel retail in the second quarter of fiscal 2024.

The Other segment comprises revenue and costs that are not related to the Company’s DTC or Wholesale segments, such as sales to employees, friends and family sales, and results from the

newly acquired Paola Confectii business (see "Note 5. Business Combinations" for details and definitions).

Seasonality

Our business is seasonal, and we have historically realized a significant portion of our Wholesale revenue and operating income in the second and third quarters of the fiscal year and DTC revenue and operating income in the third and fourth quarters of the fiscal year. Thus, lower-than-expected revenue in these periods could have an adverse impact on our annual operating results.

Cash flows from operating activities are typically highest in the third and fourth quarters of the fiscal year due to revenue from the DTC segment and the collection of trade receivables from Wholesale revenue earlier in the year. Working capital requirements typically increase as inventory builds. Borrowings have historically increased in the first and second quarters and been repaid in the third quarter of the fiscal year.

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Material accounting policy information

12 Months Ended

Mar. 31, 2024

Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]

Material accounting policy information

Material accounting policy information

(a)Basis of presentation

The consolidated financial statements are presented in Canadian dollars, the Company’s functional and presentation currency.

These consolidated financial statements have been prepared on the historical cost basis except for the following items, which are recorded at fair value:

•financial instruments, including derivative financial instruments, at fair value in other comprehensive income and through profit or loss as described in “Note 21. Financial instruments and fair values” and

•initial recognition of assets acquired and liabilities assumed in a business combination.

Certain comparative figures have been reclassified to conform with the current year presentation. Foreign exchange gains and losses related to the outstanding principal balance on the Term Loan, net of hedging, are reflected in the presentation of net interest, finance and other costs as outlined below (see “Note 17. Borrowings” for details and definitions); previously this was presented in SG&A expenses. This change was made to present all financing costs related to the Term Loan within the same financial statement caption in the consolidated statements of income. For the year ended April 2, 2023 and April 3, 2022, the Company reclassified foreign exchange losses of $12.1m and $2.8m, respectively. This reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year.

As at March 31, 2024, the Company amended the allocation basis for certain SG&A expenses between the operating segments to provide more relevant information on financial performance of each operating segment. The reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year. Comparative figures have been reclassified to conform with the current year presentation.

(b)Principles of consolidation

The consolidated financial statements include the accounts of Canada Goose Holdings Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.

(c)Foreign currency translation and transactions

The functional currency of each of the Company’s subsidiaries is the currency of the primary economic environment in which each entity operates. The assets and liabilities of subsidiaries whose functional currency is not the Canadian dollar are translated into the functional currency of the Company using the exchange rate at the reporting date. Revenues and expenses are translated at exchange rates prevailing at the transaction date. The resulting foreign exchange translation differences are recorded as a currency translation adjustment in other comprehensive income.

Foreign currency transactions are translated into the functional currency of each of the Company’s subsidiaries using the exchange rates prevailing at the date of the transactions or valuation when items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the changes at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statements of income in SG&A expenses, except when included in other comprehensive income for qualifying cash flow and net investment hedges.

    Functional currency of subsidiary

Each entity within the Company determines its functional currency based on the primary economic environment in which the entity operates. Once an entity's functional currency is determined, it is not changed unless there is a change to the underlying transactions, events, and conditions that determine the entity's primary economic environment.

(d)Revenue recognition

Revenue comprises DTC, Wholesale and Other segment revenues. Revenue is measured at the amount of consideration to which the Company expects to be entitled in exchange for the sale of goods in the ordinary course of the Company’s activities. Revenue is presented net of sales tax, estimated returns, sales allowances, and discounts. The Company recognizes revenue when the Company has agreed terms with its customers, the contractual rights and payment terms have been identified, the contract has commercial substance, it is probable that consideration will be collected by the Company, and when control of the goods is transferred to the customer.

It is the Company’s policy to sell merchandise through the DTC channel with a limited right of return, typically within 30 days. Accumulated experience is used to estimate and provide for such returns.

(e)Business combination

Acquisitions of businesses are accounted for using the acquisition method as of the acquisition date, which is the date when control is transferred to the Company. The consideration transferred in a business combination is measured at fair value, calculated as the sum of the acquisition date fair values of the assets transferred, liabilities incurred by the Company, and the equity interests issued by the Company in exchange for control of the acquiree. Transaction costs that the Company incurs in connection with a business combination are recognized in the statements of income as incurred.

Goodwill is measured as the excess of the sum of the fair value of the consideration transferred over the net of the acquisition date amounts of the identifiable assets acquired and the liabilities assumed.

When the consideration transferred in a business combination includes contingent consideration, the contingent consideration is measured at its acquisition date fair value. Contingent consideration is remeasured at subsequent reporting dates at its fair value, and the resulting gain or loss recognized in the statements of income.

(f)Non-controlling interest

Non-controlling interest is measured based on the proportionate share of the acquiree's identifiable net assets. Transactions with non-controlling interests are treated as transactions with equity owners of the Company. Changes in the Company's ownership interest are accounted for as equity transactions.

(g)Earnings per share

Basic earnings per share is calculated by dividing net income attributable to ordinary equity holders by the weighted average number of multiple and subordinate voting shares outstanding during the year.

Diluted earnings per share is calculated by dividing net income attributable to ordinary equity holders of the Company by the weighted average number of multiple and subordinate voting shares outstanding during the year plus the weighted average number of subordinate shares that would be issued on the exercise of stock options and settlement of restricted share units (“RSUs”) and performance share units (“PSUs”).

(h)Income taxes

Current and deferred income taxes are recognized in the statements of income, except when it relates to a business combination, or items recognized in equity or in other comprehensive income.

Current income tax

Current income tax is the expected income tax payable or receivable on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to income tax payable in respect of previous years.

Deferred income tax

Deferred income tax is provided using the liability method for temporary differences at the reporting date between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred income tax is measured using enacted or substantively enacted income tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. A deferred tax asset is recognized for unused income tax losses and credits to the extent that it is probable that future taxable income will be available against which they can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable income will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.

Deferred income tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current income tax assets against current income tax liabilities and the deferred tax relates to the same taxable entity and the same taxation authority.

Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future.

As disclosed in Note 4. Changes in accounting policies, the Company has applied the mandatory exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two rules in accordance with amendments to IAS 12 Income Taxes.

(i)Cash

Cash consists of cash and cash equivalents, including cash on hand, deposits in banks, and short-term deposits with maturities of less than three months. The Company uses the indirect method of reporting cash flows from operating activities.

(j)Trade receivables

Trade receivables, including credit card receivables, consist of amounts owing on product sales where we have extended credit to customers, and are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less expected credit loss and sales allowances. The allowance for expected credit losses is recorded against trade receivables and is based on historical experience.

(k)Inventories

Raw materials, work-in-process, and finished goods are valued at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. The cost of work-in-process and finished goods inventories include the cost of raw materials and an applicable share of the cost of labour and fixed and variable production overhead costs, including the depreciation of property, plant and equipment used in the production of finished goods, design costs, and other costs incurred to bring the inventories to their present location and condition.

The Company estimates net realizable value as the amount at which inventories are expected to be sold, taking into consideration fluctuations in selling prices due to seasonality, less estimated costs necessary to complete the sale.

Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. Inventory is adjusted to reflect estimated loss (“shrinkage”) incurred since the last inventory count. Shrinkage is based on historical experience. When circumstances that previously caused inventories to be written down below cost no longer exist or when there is clear evidence of an increase in realizable value, the amount of the write-down previously recorded is reversed.

Storage costs, indirect administrative overhead and certain selling costs related to inventories are expensed in the period that these costs are incurred.

(l)Property, plant and equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation and any accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset, including costs incurred to prepare the asset for its intended use and capitalized borrowing costs, when the recognition criteria are met. The commencement date for capitalization of costs occurs when the Company first incurs expenditures for the qualifying assets and undertakes the required activities to prepare the assets for their intended use.

Property, plant and equipment assets are depreciated on a straight-line basis over their estimated useful lives when the assets are available for use. When significant parts of a fixed asset have different useful lives, they are accounted for as separate components and depreciated separately. Depreciation methods and useful lives are reviewed annually and are adjusted for prospectively, if appropriate. Estimated useful lives are as follows:

Asset Category	Estimated Useful Life
Plant equipment (except moulds)	10 years
Footwear moulds	5 years
Computer equipment	3 years
Leasehold improvements	Lesser of the lease term or useful life of the asset
Show displays	5 years
Furniture and fixtures	5 to 10 years

An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset, calculated as the difference between the net disposal proceeds and the carrying amount of the asset, is included in the statements of income when the asset is derecognized.

The cost of repairs and maintenance of property, plant and equipment is expensed as incurred and recognized in the statements of income.

Property, plant and equipment are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Impairment losses are recorded in the statements of income.

(m)Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. The cost of an intangible asset acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets with finite lives are carried at cost less any accumulated amortization and any accumulated impairment losses.

The useful lives of intangible assets are assessed as either finite or indefinite.

Asset Category	Estimated Useful Life
Brand name	Indefinite
Domain name	Indefinite
Software	5 to 7 years
Intellectual property	1 to 8 years
Customer lists (Canada Goose)	10 years
Customer lists (Paola Confectii SRL)	4 years
Distribution rights	10 years

In connection with the acquisition of the business of Paola Confectii SRL during fiscal 2024 (See “Note 5. Business combinations” for more details), identifiable intangible assets acquired consist of the customer list and brand.

Intangible assets with indefinite useful lives consists of the Canada Goose, Baffin, and Paola Confectii SRL brand names, as well as the Canada Goose and Baffin domain names, which were acquired as part of an acquisition and were recorded at their estimated fair value. The brand names and domain name are considered to have an indefinite life based on a history of revenue and cash flow performance, and the intent and ability of the Company to support the brand with spending to maintain its value for the foreseeable future. The brand names and domain name are tested at least annually for impairment, at the cash-generating unit (“CGU”) level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is made on a prospective basis.

Intangible assets with finite lives are amortized over the useful economic life on a straight-line basis. The amortization period and the amortization method for an intangible

asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the statements of income over the asset’s estimated useful life.

An intangible asset is derecognized on disposal or when no future economic benefits are expected from its use. Gains or losses arising from the derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are included in the statements of income when the asset is derecognized.

Intangible assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Any resulting impairment loss is recorded in the statements of income.

(n)Leases

The Company recognizes a right-of-use asset and a lease liability based on the present value of the future lease payments at the commencement date. The commencement date is when the lessor makes the leased asset available for use by the Company, typically the possession date. The discount rate used in the present value calculation for lease payments is the incremental borrowing rate, if the rate implicit in the lease is not readily determinable, for each leased asset or portfolio of leased assets with similar characteristics by reference to the Company’s creditworthiness, the security, term and value of the underlying leased asset, and the economic environment in which the leased asset operates. The lease term is determined as the non-cancellable periods of a lease, together with periods covered by a renewal option if the Company is reasonably certain to exercise that option and a termination option if the Company is reasonably certain not to exercise that option.

Leases of low-value assets and short-term leases are not included in the calculation of lease liabilities. These lease expenses are recognized in cost of sales or SG&A expenses on a straight-line or other systematic basis.

    Lease liabilities

Lease liabilities are measured at the present value of future lease payments, discounted using the Company’s incremental borrowing rates, and include the fixed payments, variable lease payments that depend on an index or a rate, less any lease incentives receivable. Subsequent to initial measurement, the Company measures lease liabilities at amortized cost using the effective interest rate method. Lease liabilities are remeasured when there are changes to the lease payments, lease term, assessment of an option to purchase the underlying asset, expected residual value guarantee, or future lease payments due to a change in the index or rate tied to the payment.

    Right-of-use assets

Right-of-use assets are measured at the initial amount of the lease liabilities, lease payments made at or before the commencement date less any lease incentives received, initial direct costs, if any, and decommissioning costs to restore the site to the

condition required by the terms and conditions of the lease, and net of accumulated impairment losses. Subsequent to initial measurement, the Company applies the cost model to the right-of-use assets and measures the asset at cost less any accumulated depreciation, accumulated impairment losses in accordance with IAS 36, Impairment of Assets and any remeasurements of the lease liabilities. Assets are depreciated from the commencement date on a straight-line basis over the earlier of the end of the assets’ useful lives or the end of the lease terms.

Right-of-use assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Impairment losses are recorded in the statements of income.

(o)Goodwill

Goodwill represents the difference between the purchase price of an acquired business and the Company’s share of the net identifiable assets acquired and liabilities assumed and any contingent liabilities assumed. It is initially recorded at cost and subsequently measured at cost less any accumulated impairment losses.

For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to CGUs based on the lowest level within the entity in which the goodwill is monitored for internal management purposes. The allocation is made to the CGUs that are expected to benefit from the business combination in which the goodwill arose. Any potential impairment of goodwill is identified by comparing the recoverable amount of a CGU to its carrying value. An impairment loss is recognized if the carrying amount of CGU exceeds its recoverable amount. Any loss identified is first applied to reduce the carrying amount of goodwill allocated to the CGU, and then to reduce the carrying amounts of the remaining assets in the CGU on a pro-rata basis. The Company tests goodwill for impairment annually at the reporting date.

The recoverable amount of a CGU is the higher of the estimated fair value less costs of disposal or value-in-use of the CGU. In assessing the recoverable amount, the estimated future cash flows are discounted using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.

The Company has determined that there are 12 CGUs, 11 for which goodwill contributes to the cash flows (April 2, 2023 - 11 CGUs, 10 for which goodwill contributed to the cash flows). The increase in CGUs from the comparative period is attributable to the Paola Confectii acquisition which represents an additional CGU. No other changes were made to the existing CGUs from the previous year. See “Note 5. Business combinations” for more details.

(p)Provisions

Provisions are recognized when the Company has a present obligation, legal or constructive, as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Where the Company expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the statements of income net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized in the statements of income.

The provision for warranty returns relates to the Company’s obligation for defective goods sold to customers that have yet to be returned for exchange or repair. Accruals for warranty returns are estimated on the basis of historical returns and are recorded so as to allocate them to the same period the corresponding revenue is recognized.

(q)Fair values

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

•in the principal market for the asset or liability, or

•in the absence of a principal market, in the most advantageous market for the asset or liability.

The Company uses valuation techniques that it believes are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: unobservable inputs for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.

For the purpose of fair value disclosures, the Company determines classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

There was no change in the valuation techniques applied to financial instruments during all periods presented. The following table describes the valuation techniques used in the determination of the fair values of financial instruments:

Type	Valuation Approach
Cash, trade receivables, accounts payable and accrued liabilities	The carrying amount approximates fair value due to the short term maturity of these instruments.
Derivatives (included in other current assets, other long-term assets, accounts payable and accrued liabilities or other long-term liabilities)	Specific valuation techniques used to value derivative financial instruments include: - quoted market prices or dealer quotes for similar instruments; - observable market information as well as valuations determined by external valuators with experience in the financial markets.
Revolving Facility, Term Loan, Mainland China Facilities, and Japan Facility	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised. Subsequent changes in the present value of the amount that could be required to be paid at each reporting date are recorded with the statements of income until the put option is exercised or expires.
Contingent consideration	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate. Subsequent changes in the fair value is recognized in the statements of income.
Earn-Out included in other long-term liabilities	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. Subsequent changes in the fair value are recognized in the statements of income.

(r)Financial instruments

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities classified at fair value through profit or loss) are added to, or deducted from, the fair value of the financial

assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities classified at fair value through profit or loss are recognized immediately in profit or loss.

Financial assets and financial liabilities are measured subsequently as described below.

i)Non-derivative financial assets

Non-derivative financial assets include cash and trade receivables which are measured at amortized cost. The Company initially recognizes receivables and deposits on the date that they are originated. The Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred.

ii)Non-derivative financial liabilities

Non-derivative financial liabilities include accounts payable, accrued liabilities, the Revolving Facility (as defined below), the Term Loan (as defined below), the Mainland China Facilities (as defined below), and the Japan Facility (as defined below). The Company initially recognizes debt instruments on the date that they are originated. All other financial liabilities are recognized initially on the trade date on which the Company becomes a party to the contractual provisions of the instrument. Financial liabilities are recognized initially at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these financial liabilities are measured at amortized cost using the effective interest method. The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire.

In respect of non-controlling interests, a financial liability is recognized for the put option based on the present value of the amount expected to be paid to the non-controlling shareholder if exercised. Subsequently, the put option liability is adjusted to reflect changes in the present value of the amount that could be required to be paid at each reporting date, with fluctuations being recorded within the statements of income, until it is exercised or expires. The put option is measured at fair value through profit or loss.

iii)Derivative financial instruments

Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The method of recognizing the resulting gain or loss depends on whether the derivative is designated and effective as a hedging instrument. When a derivative financial instrument, including an embedded derivative, is not designated and effective in a qualifying hedge relationship, all changes in its fair value are recognized immediately in the statements of income; attributable transaction costs are recognized in the statements of income as incurred. The Company does not use derivatives for trading or speculative purposes.

Embedded derivatives are separated from a host contract and accounted for separately if the economic characteristics and risks of the host contract and the embedded derivative are not closely related.

iv)Hedge accounting

The Company is exposed to the risk of currency fluctuations and has entered into currency derivative contracts to hedge its exposure on the basis of planned transactions. Where hedge accounting is applied, the criteria are documented at the inception of the hedge and updated at each reporting date. The Company documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transactions. The Company also documents its assessment, at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.

The fair value of a hedging derivative is classified as a current asset or liability when the maturity of the hedged item is less than 12 months, and as a non-current asset or liability when the maturity of the hedged item is more than 12 months.

The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized, net of tax, in other comprehensive income. The gain or loss relating to the ineffective portion is recognized immediately in the statements of income. Amounts accumulated in other comprehensive income are transferred to the statements of income in the periods when the hedged item affects net income. When a forecasted transaction that is hedged results in the recognition of a non-financial asset or liability, such as inventory, the amounts are included in the measurement of the cost of the related asset or liability. The deferred amounts are ultimately recognized in the statements of income.

Hedges of net investments are accounted for similarly to cash flow hedges, with unrealized gains and losses recognized, net of tax, in other comprehensive income. Amounts included in other comprehensive income are transferred to the statements of income in the period when the foreign operation is disposed of or sold.

(s)Share-based payments

Share-based payments are valued based on the grant date fair value of these awards and the Company records compensation expense over the corresponding service period. The fair value of the share-based payments is determined using acceptable valuation techniques.

The Company has issued stock options to purchase subordinate voting shares, RSUs, and PSUs under its equity incentive plans, prior to the public offering on March 21, 2017 (the “Legacy Plan”) and subsequently (the “Omnibus Plan”). All Legacy Plan options have fully vested or been cancelled prior to the year ended March 31, 2024. Under the terms of the Omnibus Plan, options are granted to certain executives of the Company with vesting, generally over four years, contingent upon meeting the service conditions of the Omnibus Plan. The compensation expense related to the options, RSUs, and PSUs is recognized ratably over the requisite service period, provided it is probable that the

vesting conditions will be achieved and the occurrence of the exit event, if applicable, is probable.

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Significant accounting judgments, estimates, and assumptions

12 Months Ended

Mar. 31, 2024

Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]

Significant accounting judgments, estimates, and assumptions

Significant accounting judgments, estimates, and assumptions

The preparation of the consolidated financial statements requires management to make estimates and judgments in applying the Company’s accounting policies that affect the reported amounts and disclosures made in the consolidated financial statements and accompanying notes.

Estimates and assumptions are used mainly in determining the measurement of balances recognized or disclosed in the consolidated financial statements and are based on a set of underlying data that may include management’s historical experience, knowledge of current events and conditions and other factors that are believed to be reasonable under the circumstances. Management continually evaluates the estimates and judgments it uses. These estimates and judgments have been applied in a manner consistent with prior periods and there are no known trends, commitments, events or uncertainties that we believe will materially affect the methodology or assumptions utilized in making these estimates and judgments in these financial statements.

The following are the accounting policies subject to judgments and key sources of estimation uncertainty that the Company believes could have the most significant impact on the amounts recognized in the consolidated financial statements.

Functional currency

Judgments Made in Relation to Accounting Policies Applied: The Company assesses the relevant factors related to the primary economic environment in which its entities operate to determine the functional currency. Where the assessment of primary indicators is mixed, management assesses the secondary indicators, including the relationship between the foreign operations and reporting entity.

Income and other taxes

Key Sources of Estimation: In determining the recoverable amount of deferred tax assets, the Company forecasts future taxable income by legal entity and the period in which the income occurs to ensure that sufficient taxable income exists to utilize the attributes. Inputs to those projections are Board-approved financial forecasts and statutory tax rates.

Judgments Made in Relation to Accounting Policies Applied: The calculation of current and deferred income taxes requires management to make certain judgments regarding the tax rules in jurisdictions where the Company performs activities. Application of judgments is required regarding the classification of transactions and in assessing probable outcomes of claimed deductions including expectations about future operating results, the timing and reversal of temporary differences and possible audits of income tax and other tax filings by the tax authorities.

Trade receivables

Key Sources of Estimation: The Company has a significant number of customers which minimizes the concentration of credit risk. The Company does not have any customers which account for more than 10% of sales or accounts receivable. Ongoing estimates are made

relating to the ability to collect our accounts receivable and maintain an allowance for estimated credit losses resulting from the inability of our customers to make required payments. In determining the amount of expected credit losses, the Company considers the historical level of credit losses and makes judgments about the creditworthiness of significant customers based on ongoing credit evaluations.

Inventories

Key Sources of Estimation: Inventories are carried at the lower of cost and net realizable value. In estimating net realizable value, the Company uses estimates related to fluctuations in inventory levels, planned production, customer behaviour, obsolescence, future selling prices, seasonality and costs necessary to sell the inventory. Inventory is adjusted to reflect shrinkage incurred since the last inventory count. Shrinkage is based on historical experience.

Leases

Judgments Made in Relation to Accounting Policies Applied: The Company exercises judgment when contracts are entered into that may give rise to a right-of-use asset that would be accounted for as a lease. Judgment is required in determining the appropriate lease term on a lease by lease basis. The Company considers all facts and circumstances that create an economic incentive to exercise a renewal option or to not exercise a termination option at inception and over the term of the lease, including investments in major leaseholds, operating performance, and changed circumstances. The periods covered by renewal or termination options are only included in the lease term if the Company is reasonably certain to exercise that option. Changes in the economic environment or changes in the retail industry may impact the assessment of the lease term and any changes in the estimate of lease terms may have a material impact on the Company’s statement of financial position.

Key Sources of Estimation: The critical assumptions and estimates used in determining the present value of future lease payments require the Company to estimate the incremental borrowing rate specific to each leased asset or portfolio of leased assets. Management determines the incremental borrowing rate of each leased asset or portfolio of leased assets by incorporating the Company’s creditworthiness, the security, term, and value of the underlying leased asset, and the economic environment in which the leased asset operates. The incremental borrowing rates are subject to change mainly due to macroeconomic changes in the environment.

Impairment of non-financial assets (goodwill, intangible assets, property, plant & equipment, and right-of-use assets)

Judgments Made in Relation to Accounting Policies Applied: Management is required to use judgment in determining the grouping of assets to identify their CGUs for the purposes of testing non-financial assets for impairment. Judgment is further required to determine appropriate groupings of CGUs for the level at which goodwill and intangible assets are tested for impairment. For the purpose of goodwill and intangible assets impairment testing, CGUs are grouped at the lowest level at which goodwill and intangible assets are monitored for internal management purposes. Judgment is also applied in allocating the carrying amount of assets to CGUs. In addition, judgment is used to determine whether a triggering event has occurred requiring an impairment test to be completed. The Company has concluded that it has 12 CGUs (April 2, 2023 - 11 CGUs) and tests impairment of non-financial assets on that basis.

Key Sources of Estimation: In determining the recoverable amount of a CGU or a group of CGUs, various estimates are employed. The Company determines value-in-use by using estimates including projected future revenues, margins, costs, and capital investment consistent with strategic plans presented to the Board of Directors. Fair value less costs of disposal are estimated with reference to observable market transactions. Discount rates are consistent with external industry information reflecting the risk associated with the Company and its cash flows.

Warranty

Key Sources of Estimation: The critical assumptions and estimates used in determining the warranty provision at the statement of financial position date are: the number of jackets expected to require repair or replacement; the proportion to be repaired versus replaced; the period in which the warranty claim is expected to occur; the cost to repair a jacket; the cost to replace a jacket, and the risk-free rate used to discount the provision to present value.

Financial instruments

Key Sources of Estimation: The critical assumptions and estimates used in determining the fair value of financial instruments are: equity prices; future interest rates; the relative creditworthiness of the Company to its counterparties; estimated future cash flows; discount rates, and volatility utilized in option valuations.

Share-based payments

Key Sources of Estimation: Compensation expense for share-based compensation granted is measured at the fair value at the grant date using the Black Scholes option pricing model for the year ended March 31, 2024. The critical assumptions used under both of these option valuation models at the grant date are: stock price valuation; exercise price; risk-free interest rate; expected time to exercise in years; expected dividend yield, and volatility.

Consolidation

Judgments Made in Relation to Accounting Policies Applied: The Company uses judgment in determining the entities that it controls and therefore consolidates. The Company controls an entity when the Company has the existing rights that give it the current ability to direct the activities that significantly affect the entity’s returns. Judgment is applied in determining whether the Company controls the entities in which it does not have full ownership rights. Most often, judgment involves reviewing contractual rights to determine if rights are participating (giving power over the entity) or protective rights (protecting the Company’s interest without giving it power).

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Changes in accounting policies

12 Months Ended

Mar. 31, 2024

Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]

Changes in accounting policies

Changes in accounting policies

Standards issued and not yet adopted

Certain new standards, amendments, and interpretations to existing IFRS standards have been published but are not yet effective and have not been adopted early by the Company. Management anticipates that pronouncements will be adopted in the Company’s accounting policy for the first period beginning after the effective date of the pronouncement. Information on new standards, amendments, and interpretations is provided below.

In January 2020, the IASB issued an amendment to IAS 1, Presentation of Financial Statements (“IAS 1”) to clarify its requirements for the presentation of liabilities in the statement of financial position. The limited scope amendment affected only the presentation of liabilities in the statement of financial position and not the amount or timing of its recognition. The amendment clarified that the classification of liabilities as current or non-current is based on rights that are in existence at the end of the reporting period and specified that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability. It also introduced a definition of ‘settlement’ to make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. On October 31, 2022, the IASB issued Non-Current Liabilities with Covenants (Amendments to IAS 1). These amendments specify that covenants to be complied with after the reporting date do not affect the classification of debt as current or non-current at the reporting date. The amendment is effective for annual reporting periods beginning on or after January 1, 2024. Earlier application is permitted, however the Company has elected not to early adopt this amendment. The Company has performed an initial assessment on the impact of the amendment and the Company expects that adoption will result in a reclassification of the non-current portion of warranty provisions to be reported as current in nature, based on the terms and conditions of the Company’s warranty program. The impact is expected to be material in the consolidated statements of financial position.

Standards issued and adopted

In February 2021, the IASB issued narrow-scope amendments to IAS 1, IFRS Practice Statement 2, Making Materiality Judgements and IAS 8, Accounting Polices, Changes in Accounting Estimates and Errors. The amendments require the disclosure of material accounting policy information rather than disclosing significant accounting policies and clarified how to distinguish changes in accounting policies from changes in accounting estimates. Beginning April 3, 2023, the Company adopted the amendments. The adoption of the amendments did not have a material impact on the Annual Financial Statements.

In May 2023, the IASB issued International Tax Reform, Pillar Two Model Rules, Amendments to IAS 12, Income Taxes (the “Amendments”). The Amendments provide the Company with an exception from recognition and disclosure requirements for deferred tax assets and liabilities arising from the OECD Pillar Two international tax reform. The mandatory temporary exception has been adopted by the Company.

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Business combinations

12 Months Ended

Mar. 31, 2024

Disclosure of detailed information about business combination [abstract]

Business combinations

Business combinations

Transactions during the year ended March 31, 2024

On November 1, 2023, a newly incorporated subsidiary of the Company, Paola Confectii Manufacturing Limited (“Paola Confectii”), acquired the business of Paola Confectii SRL, a luxury knitwear manufacturer for total cash consideration of $15.9m. This acquisition is expected to enhance product margins and supply control, while deepening in-house product expertise and capability.

The aggregate purchase consideration for the business combination is as follows:

	$
Cash	16.4
Working capital adjustments	(0.5)
Total purchase consideration	15.9

Management determined that the assets and substantive processes comprised a business and therefore accounted for the transaction as a business combination under IFRS 3, Business Combinations using the acquisition method of accounting. Under the acquisition method, assets and liabilities of the acquiree are recorded at their fair values.

Assets acquired and liabilities assumed have been recorded at the date of acquisition as follows:

	$
Assets acquired
Trade receivables	7.2
Inventories	1.6
Prepaid expenses	0.1
Property, plant and equipment	2.6
Intangible assets
Customer list	3.5
Brand	1.0
Right-of-use assets	1.2
Goodwill	8.3
Accounts payable and accrued liabilities	(8.4)
Lease liability	(1.2)
Total assets acquired, net of liabilities assumed	15.9

The determination of the fair value of assets acquired and liabilities assumed is based on estimates and certain assumptions with respect to the fair values of the assets acquired and liabilities assumed that were finalized as at the reporting date, within one year of the acquisition.

Goodwill of $8.3m was recognized as the excess of the acquisition cost over the fair value of net identifiable assets at the date of acquisition. Goodwill is mainly attributable to the strengthening of our vertically integrated supply chain and expected future growth potential of the knitwear category. Goodwill recognized is not expected to be deductible for income tax purposes.

Identifiable intangible assets acquired consist of the customer list and brand. The fair value of the customer list was $3.5m, measured using the multi-period excess earnings method, which will be amortized over a 4-year period on a straight-line basis. The fair value of the brand was $1.0m, measured using the relief-from-royalty method.

In connection with the business combination, subject to the controlling shareholders of Paola Confectii SRL ("PCML Vendors") remaining employees through November 1, 2025, a further amount is payable to the PCML Vendors if certain performance conditions are met based on financial results (“Earn-Out”). The estimated value is calculated as a pre-determined percentage of net equity value, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. As at the reporting date, the estimated value of the payout was $7.4m. The Company recognized the amount payable to the PCML Vendors as a separate transaction that was not included in applying the acquisition method as the amount reflects remuneration for future services to be performed conditional on employment until November 1, 2025, and therefore this amount will be expensed over two years.

The Company incurred $0.8m in transaction related costs which are included in SG&A expenses in the consolidated statements of income and comprehensive income for the year ended March 31, 2024.

Paola Confectii’s results are consolidated into the Company’s financial results effective from the date of acquisition and are presented in the Company’s Other operating segment. The results of Paola Confectii were not significant for the period beginning on the date of acquisition and ended on March 31, 2024 and would not have been either during fiscal 2024 if the acquisition had occurred as of the beginning of the fiscal year.

The PCML Vendors are employed as members of key management and continue to lead and maintain regular operations at Paola Confectii. The Earn-Out to the PCML Vendors and transactions with one of the PCML Vendors in connection with the acquisition for the lease of the manufacturing facility are related party transactions as they have been retained as employees of the Company. See “Note 20. Related Party Transactions” for more details.

Transactions during the year ended April 2, 2023

The Company and a former distributor of the Company's products in Japan, Sazaby League, Ltd. ("Sazaby League"), entered into an agreement (the "Joint Venture Agreement") to form a joint venture (the “Japan Joint Venture”) pursuant to which the Company acquired 50% of the issued and outstanding voting shares of the legal entity comprising the joint venture, Canada Goose Japan, K.K. (“CG Japan”), on April 4, 2022. CG Japan was established to market, distribute and sell Canada Goose products, and to operate retail stores and e-Commerce in Japan.

Prior to the establishment of CG Japan, the Company sold its products to Sazaby League. The majority of sales historically occurred in the first and second quarters and were recorded in the Wholesale operating segment. Subsequent to the transaction, the Company has consolidated the results of CG Japan and revenue and results of operations will be aligned to the respective operating segments and are expected to occur more in line with the seasonality of the Company's Wholesale and DTC segments.

Management performed an analysis under IFRS 10, Consolidated Financial Statements and since the Company has the power to direct the relevant activities of CG Japan, is exposed to variable returns, and can use its power to influence those returns, management determined that the Company has control over CG Japan for accounting purposes. In addition, management performed an analysis under IFRS 3, Business Combinations and has determined that the Company is the acquirer of CG Japan. Management determined that the assets and processes acquired comprised a business and therefore, accounted for the transaction as a business combination using the acquisition method of accounting. Under the acquisition method, assets and liabilities of the acquiree are recorded at their fair values.

The Company paid cash consideration to CG Japan of JPY250.0m ($2.6m) plus deferred contingent consideration to the non-controlling shareholder with an estimated fair value of JPY1,958.9m ($20.0m) resulting in total consideration of JPY2,208.9m ($22.6m). The deferred contingent consideration is payable if an agreed cumulative adjusted EBIT target is not reached through the period ended June 30, 2026. The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate. As at April 4, 2022, the contingent consideration amount was recorded in other long-term liabilities. The amount of contingent consideration is remeasured at its fair value each reporting period, with changes in fair value recorded in the consolidated statements of income and comprehensive income.

The Company incurred $1.3m in transaction related costs which are included in SG&A expenses in the consolidated statements of income and consolidated statements of comprehensive income for the year ended April 2, 2023. For the year ended April 3, 2022, the Company incurred $0.7m in transaction related costs.

Assets acquired and liabilities assumed have been recorded based on the final valuation of their fair values at the date of acquisition as follows:

	$
Assets acquired
Cash	5.4
Inventories	27.3
Property, plant and equipment	1.2
Intangible assets	14.9
Right-of-use assets	3.3
Goodwill	10.8
Other assets	2.4
	65.3
Liabilities assumed
Bank loan	19.4
Lease liabilities	3.2
Warranty provision	0.3
	22.9
Total identifiable net assets acquired	42.4
Less: Deferred tax liability	(8.1)
Less: Non-controlling interests	(11.7)
Net assets acquired	22.6
Consideration
Cash paid	2.6
Contingent consideration	20.0
Total purchase consideration	22.6
Cash consideration paid	(2.6)
Plus: Cash balance acquired	5.4
Net cash inflow on business combination	2.8

The determination of the fair value of assets acquired and liabilities assumed is based on estimates and certain assumptions with respect to the fair values of the assets acquired and liabilities assumed that were finalized as at April 2, 2023, within one year of the acquisition.

Goodwill is calculated as the difference between total consideration and the fair value of the net assets acquired and is attributable to expected synergies between CG Japan and the Company’s existing operations. Goodwill of $10.8m was recognized as the excess of the acquisition cost over the fair value of net identifiable assets at the date of acquisition. Goodwill recognized is not expected to be deductible for income tax purposes. Intangible assets of $14.9m relate to the fair value of the customer list and reacquired distribution rights of the Japan market, which will be amortized over a 10-year period.

The fair value of property, plant and equipment and right-of-use assets was based on management’s assessment of the acquired assets’ condition, as well as an evaluation of the current market value for such assets. In addition, the Company considered the length of time over which the economic benefit of these assets is expected to be realized and estimated the useful life of such assets as of the acquisition date. The fair value of inventories has been measured at net realizable value, less cost to sell.

CG Japan’s results are consolidated into the Company’s financial results effective April 4, 2022. For the year ended April 2, 2023, CG Japan contributed approximately $54.0m to the Company’s consolidated revenue and $1.0m to the Company’s operating income.

In connection with the business combination, the Joint Venture Agreement includes a put option that allows the non-controlling shareholder to sell its 50% interest to the Company within six months after certain circumstances constituting a "put option trigger" event occur. If the put option is not exercised during such six-month period, the put option will expire. The Company established a financial liability for the put option in respect of non-controlling interests. The fair value of the put option is classified as Level 3 within IFRS 13, Fair value measurement. As at April 4, 2022, the fair value of the put option held in Japanese yen by the non-controlling shareholder was recorded in other long-term liabilities in the amount of JPY2,076.4m ($21.2m).

The Company recorded the put option liability based on the present value of the amount expected to be paid to the non-controlling shareholder if exercised. Subsequently, the put option liability is adjusted to reflect changes in the present value of the amount that could be required to be paid at each reporting date, with fluctuations being recorded within the Company's consolidated statements of income, until it is exercised or expires.

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Segment information

12 Months Ended

Mar. 31, 2024

Disclosure of operating segments [abstract]

Segment information

Segment information

The Company has three reportable operating segments: DTC, Wholesale, and Other. The Company measures each reportable operating segment’s performance based on revenue and segment operating income (loss), which is the profit metric utilized by the Company’s chief operating decision maker, the Chairman and Chief Executive Officer, for assessing the performance of operating segments. No single customer contributed 10 per cent or more to the Company’s revenue for the years ended March 31, 2024, April 2, 2023, and April 3, 2022.

As at March 31, 2024, the performance measure for our Other segment was revised to exclude corporate general and administrative expenses; these expenses are now presented as a reconciling item to the Company’s consolidated operating income. This change in segment reporting was made to improve the understanding of financial performance in the Other segment.

Corporate expenses comprises costs that do not occur through the DTC, Wholesale, or Other segments, including the cost of marketing expenditures to build brand awareness across all segments, management overhead costs in support of manufacturing operations, other corporate

costs, and foreign exchange gains and losses not specifically associated with segment operations.

The following table presents key performance information of the Company’s reportable operating segments:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Revenue
DTC	950.7	807.3	740.4
Wholesale	312.3	373.8	348.5
Other	70.8	35.9	9.5
Total segment revenue	1,333.8	1,217.0	1,098.4
Operating income (loss)		Reclassified	Reclassified
DTC	387.1	347.4	322.9
Wholesale	114.0	131.2	121.5
Other	14.0	10.5	4.1
Total segment operating income	515.1	489.1	448.5

The following table reconciles the Company’s reportable total segment operating income to income before income taxes:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Total segment operating income	515.1	489.1	448.5
Corporate expenses	(390.6)	(341.5)	(289.0)
Total operating income	124.5	147.6	159.5
Net interest, finance and other costs	48.8	54.1	41.8
Income before incomes taxes	75.7	93.5	117.7

The following table summarizes depreciation and amortization in SG&A expenses of each reportable operating segment and depreciation and amortization included in corporate expenses:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Depreciation and amortization expense
DTC	96.5	81.6	78.1
Wholesale	3.9	3.9	2.3
Other	—	—	—
Total segment depreciation and amortization expense	100.4	85.5	80.4
Corporate expenses	15.8	14.9	8.3
Total depreciation and amortization expense	116.2	100.4	88.7

Geographic information

The Company determines the geographic location of revenue based on the location of its customers.

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Canada	246.3	241.0	213.1
United States	324.6	340.2	305.9
North America	570.9	581.2	519.0
Greater China1	422.2	287.3	288.8
Asia Pacific (excluding Greater China1)	84.7	66.9	38.3
Asia Pacific	506.9	354.2	327.1
EMEA2	256.0	281.6	252.3
Total revenue	1,333.8	1,217.0	1,098.4

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

The Company’s non-current, non-financial assets (comprising of property, plant and equipment, intangible assets and right-of-use assets) are geographically located as follows:

	Year ended
	March 31, 2024	April 2, 2023
	$	$
Canada	222.1	232.9
United States	140.7	111.7
North America	362.8	344.6
Greater China1	63.6	73.6
Asia Pacific (excluding Greater China1)	34.1	33.1
Asia Pacific	97.7	106.7
EMEA2	126.2	131.6
Non-current, non-financial assets	586.7	582.9

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

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Income taxes

12 Months Ended

Mar. 31, 2024

Income taxes paid (refund) [abstract]

Income taxes

Income taxes

The components of the provision for income tax are as follows:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
Current income tax expense	$	$	$
Current period	15.4	44.0	35.6
Adjustment in respect of prior periods	9.5	(1.9)	(0.4)
	24.9	42.1	35.2
Deferred income tax recovery
Origination and reversal of temporary differences	(0.8)	(18.5)	(11.9)
Effect of change in income tax rates	(0.2)	(0.6)	—
Adjustment in respect of prior periods	(6.3)	1.6	(0.2)
	(7.3)	(17.5)	(12.1)
Income tax expense	17.6	24.6	23.1

The effective income tax rates differ from the weighted average basic Canadian federal and provincial statutory income tax rates for the following reasons:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	$		$		$
Income before income taxes	75.7		93.5		117.7
Expected Statutory Rate	25.5	%	25.3	%	25.4	%
Income tax at expected statutory rate	19.3		23.7		29.8
Non-deductible (taxable) items	(0.1)		0.8		(0.8)
Non-deductible stock option expense	1.7		3.0		2.9
Effect of foreign tax rates	(10.3)		(10.0)		(14.6)
Non-deductible (taxable) remeasurement of contingent consideration and put option	1.4		2.4		—
Non-deductible (taxable) foreign exchange loss (gain)	0.9		1.4		0.2
Change in tax rates	(0.2)		(0.4)		0.1
Change in deferred tax asset not recognized	1.7		4.1		6.1
Adjustments in respect of prior years	3.2		(0.4)		(0.6)
Income tax expense	17.6		24.6		23.1

Pillar Two legislation has been enacted or substantively enacted locally in a number of jurisdictions in which the Company operates in, where they would be effective for financial year beginning on April 1, 2024. Based on a preliminary assessment, the Pillar Two effective tax rate in most of the jurisdictions in which the Company operates in, is above 15%. As a result, any impact of these rules is not expected to be material. However, the Company will continue to monitor and reassess the impact of the Pillar Two rules.

The change in the year in the components of deferred tax assets and liabilities are as follows:

		Change in the year affecting
	April 2, 2023	Net income	Foreign exchange translation	Other comprehensive income (loss)	March 31, 2024
	$	$	$	$	$
Losses carried forward	11.5	15.5	—	—	27.0
Employee future benefits	0.1	—	—	0.1	0.2
Other liabilities	1.9	5.0	0.8	—	7.7
Inventory capitalization	6.8	(4.2)	—	—	2.6
Capital lease	9.3	3.0	—	—	12.3
Tax relief from Swiss tax reform	7.6	(5.9)	—	—	1.7
Unrealized profit in inventory	36.9	(1.6)	0.1	—	35.4
Provisions and other temporary differences	7.6	0.4	—	—	8.0
Total deferred tax asset	81.7	12.2	0.9	0.1	94.9
Unrealized foreign exchange	(3.1)	0.7	—	(0.3)	(2.7)
Intangible assets	(18.8)	(0.8)	—	—	(19.6)
Property, plant and equipment	(8.7)	(4.8)	—	—	(13.5)
Total deferred tax liabilities	(30.6)	(4.9)	—	(0.3)	(35.8)
Net deferred tax assets (liabilities)	51.1	7.3	0.9	(0.2)	59.1

The change in deferred tax assets and liabilities as presented in the statement of financial position are as follows:

		Changes in the year affecting
	April 2, 2023	Net income	Foreign exchange translation	Other comprehensive loss	March 31, 2024
	$	$	$	$	$
Deferred tax assets	67.5	8.8	0.2	(0.2)	76.3
Deferred tax liabilities	(16.4)	(1.5)	0.7	—	(17.2)
	51.1	7.3	0.9	(0.2)	59.1

Available deferred income tax assets related to capital losses, and Swiss tax relief in the amount of $0.5m and $31.8m, respectively, were not recognized as it is not probable that future taxable income will be available to the Company to utilize the benefits.

The corporate entities within the Company have the following tax-loss carry-forwards that are expected to expire in the following years, if not utilized.

	$
2040 and prior	13.1
2041	8.8
2042	8.5
2043	7.5
2044	8.1
	46.0

An additional $52.2m of operating losses can be carried forward indefinitely.

As at March 31, 2024, deferred income taxes have not been provided on $419.8m (April 2, 2023 - $417.7m, April 3, 2022 - $356.4m) of undistributed earnings of foreign subsidiaries, as the Company has concluded that such earnings should not give rise to additional tax liabilities upon repatriation or are indefinitely reinvested.

As at March 31, 2024, in addition to the amount charged to profit or loss and other comprehensive income, no tax recovery was recognized directly in equity related to excess tax deductions on share-based payments for stock options exercised (April 2, 2023 - $nil, April 3, 2022 - $nil). No tax expense was reversed out of equity related to reduction of expected tax deductions on issuance of RSU and PSU (April 2, 2023 - $nil and $nil, respectively, April 3, 2022 - $0.2m and $nil, respectively).

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Earnings per share

12 Months Ended

Mar. 31, 2024

Earnings per share [abstract]

Earnings per share

Earnings per share

The following table presents details for the calculation of basic and diluted earnings per share:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	$		$		$
Net income attributable to shareholders of the Company	58.4		72.7		94.6
Weighted average number of multiple and subordinate voting shares outstanding	100,816,758		105,058,643		108,296,802
Weighted average number of shares on exercise of stock options, RSUs and PSUs1	1,006,315		563,669		857,919
Diluted weighted average number of multiple and subordinate voting shares outstanding	101,823,073		105,622,312		109,154,721
Earnings per share attributable to shareholders of the Company
Basic	$	0.58	$	0.69	$	0.87
Diluted	$	0.57	$	0.69	$	0.87

1    Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. As at March 31, 2024, there were 3,904,366 shares (April 2, 2023 - 2,231,231 shares, April 3, 2022 - 1,475,545 shares) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

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Trade receivables

12 Months Ended

Mar. 31, 2024

Subclassifications of assets, liabilities and equities [abstract]

Trade receivables

Trade receivables

	March 31, 2024	April 2, 2023
	$	$
Trade accounts receivable	57.1	30.4
Credit card receivables	3.7	2.5
Other receivables	12.3	19.5
	73.1	52.4
Less: expected credit loss and sales allowances	(2.7)	(1.5)
Trade receivables	70.4	50.9

The following are the continuities of the Company’s expected credit loss and sales allowances deducted from trade receivables:

	March 31, 2024			April 2, 2023
	Expected credit loss	Sales allowances	Total	Expected credit loss	Sales allowances	Total
	$	$	$	$	$	$
Balance at the beginning of the year	(0.4)	(1.1)	(1.5)	(0.3)	(0.8)	(1.1)
Losses recognized	(1.8)	—	(1.8)	(0.1)	(0.3)	(0.4)
Amounts settled or written off during the year	0.1	0.5	0.6	—	—	—
Balance at the end of the year	(2.1)	(0.6)	(2.7)	(0.4)	(1.1)	(1.5)

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Inventories

12 Months Ended

Mar. 31, 2024

Inventories [Abstract]

Inventories

Inventories

	March 31, 2024	April 2, 2023
	$	$
Raw materials	48.4	60.3
Work in progress	25.8	17.5
Finished goods	371.0	394.8
Total inventories at the lower of cost and net realizable value	445.2	472.6

Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining rate of sale.

The breakdown of the provision for obsolescence is presented as follows:

	March 31, 2024	April 2, 2023
	$	$
Raw material shrink reserves	0.1	0.2
Finished goods shrink reserves	0.9	0.4
Raw material obsolete inventory reserves	22.1	20.5
Finished goods obsolete inventory reserves	37.7	22.1
Provision for obsolescence	60.8	43.2

Amounts charged to cost of sales comprise the following:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Cost of goods manufactured	405.5	392.1	350.1
Depreciation and amortization included in costs of sales	10.9	9.7	14.7
Cost of sales	416.4	401.8	364.8

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Property, plant and equipment

12 Months Ended

Mar. 31, 2024

Property, plant and equipment [abstract]

Property, plant and equipment

Property, plant and equipment

The following table presents changes in the cost and the accumulated depreciation on the Company’s property, plant and equipment:

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Cost	$	$	$	$	$	$	$
April 3, 2022	30.9	12.8	125.1	9.4	34.8	4.1	217.1
Additions	—	0.9	8.8	—	2.2	63.3	75.2
Additions from business combinations (note 5)	—	—	0.9	—	0.3	—	1.2
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Transfers	1.1	1.5	15.5	1.6	1.6	(21.3)	—
Impact of foreign currency translation	—	0.2	2.1	0.4	1.0	0.4	4.1
April 2, 2023	32.0	15.3	151.4	11.4	39.8	46.5	296.4
Additions	0.2	1.9	11.5	0.2	3.7	42.9	60.4
Additions from business combinations (note 5)	2.4	0.1	0.1	—	—	—	2.6
Disposals	(0.1)	(0.3)	(6.4)	(1.0)	(1.1)	(0.1)	(9.0)
Transfers	2.9	4.4	70.4	(0.4)	7.7	(85.0)	—
Impact of foreign currency translation	(0.1)	(0.1)	(1.8)	0.1	(0.4)	(0.2)	(2.5)
March 31, 2024	37.3	21.3	225.2	10.3	49.7	4.1	347.9

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Accumulated depreciation	$	$	$	$	$	$	$
April 3, 2022	12.1	9.3	53.9	7.3	20.3	—	102.9
Depreciation	3.2	2.7	23.1	1.1	7.3	—	37.4
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	0.2	(0.1)	0.3	0.7	—	1.1
April 2, 2023	15.3	12.1	76.1	8.7	28.2	—	140.4
Depreciation	3.7	3.4	30.2	1.2	6.9	—	45.4
Disposals	(0.1)	(0.2)	(6.4)	(1.0)	(1.0)	—	(8.7)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	—	(1.0)	—	(0.2)	—	(1.2)
March 31, 2024	18.9	15.3	99.1	8.9	33.9	—	176.1
Net book value
April 2, 2023	16.7	3.2	75.3	2.7	11.6	46.5	156.0
March 31, 2024	18.4	6.0	126.1	1.4	15.8	4.1	171.8

Impairment losses for the years ended March 31, 2024 and April 2, 2023 were booked within the DTC segment as part of SG&A expenses in the statements of income.

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Intangible assets

12 Months Ended

Mar. 31, 2024

Intangible assets other than goodwill [abstract]

Intangible assets

Intangible assets

Intangible assets comprise the following:

	March 31, 2024	April 2, 2023
	$	$
Intangible assets with finite lives	18.3	19.3
Intangible assets with indefinite lives:
Brand name	116.5	115.5
Domain name	0.3	0.3
	135.1	135.1

The following table presents the changes in cost and accumulated amortization of the Company’s intangible assets with finite lives:

	Intangible assets with finite lives
	Software	Intellectual property	Customer lists	Distribution rights	Total
Cost	$	$	$	$	$
April 3, 2022	8.5	18.2	—	—	26.7
Additions	1.8	0.1	—	—	1.9
Additions from business combinations (note 5)	—	—	7.7	7.2	14.9
April 2, 2023	10.3	18.3	7.7	7.2	43.5
Additions	0.8	0.1	—	—	0.9
Additions from business combinations (note 5)	—	—	3.5	—	3.5
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	(0.1)	0.1	(0.7)	(0.9)	(1.6)
March 31, 2024	10.9	18.5	10.5	6.3	46.2

	Software	Intellectual property	Customer lists	Distribution rights	Total
Accumulated amortization	$	$	$	$	$
April 3, 2022	3.6	16.7	—	—	20.3
Amortization	1.8	0.7	0.7	0.7	3.9
April 2, 2023	5.4	17.4	0.7	0.7	24.2
Amortization	1.8	0.5	0.8	0.7	3.8
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	—	—	0.1	(0.1)	—
March 31, 2024	7.1	17.9	1.6	1.3	27.9
Net book value
April 2, 2023	4.9	0.9	7.0	6.5	19.3
March 31, 2024	3.8	0.6	8.9	5.0	18.3

Intellectual property consists of acquired technology, patents and trademarks.

Indefinite life intangible assets

Indefinite life intangible assets recorded by the Company are comprised of the Canada Goose, Baffin, and Paola Confectii brand names, as well as the Canada Goose and Baffin domain names associated with the Company’s websites. The Company expects to renew the registration of the brand names and domain names at each expiry date indefinitely, and expects these assets to generate economic benefit in perpetuity. As such, the Company assessed these intangibles to have indefinite useful lives.

The Company completed its annual impairment tests for the years ended March 31, 2024 and April 2, 2023 for indefinite life intangible assets and concluded that there was no impairment.

Key Assumptions

The key assumptions used to calculate the value-in-use (“VIU”) are consistent with the assumptions used for goodwill impairment testing (see "Note 14. Goodwill" for more details).

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Leases

12 Months Ended

Mar. 31, 2024

Leases, Assets And Liabilities [Abstract]

Leases

Leases

Right-of-use assets

The following table presents changes in the cost and the accumulated depreciation of the Company’s right-of-use assets:

	Retail stores	Manufacturing facilities	Other	Total
Cost	$	$	$	$
April 3, 2022	296.3	36.7	17.4	350.4
Additions	82.8	8.2	39.6	130.6
Additions from business combinations (note 5)	1.5	—	1.8	3.3
Lease modifications	2.4	—	—	2.4
Derecognition on termination	(1.8)	—	(1.0)	(2.8)
Impact of foreign currency translation	15.5	—	0.6	16.1
April 2, 2023	396.7	44.9	58.4	500.0
Additions	29.8	0.2	2.7	32.7
Additions from business combinations (note 5)	—	1.2	—	1.2
Lease modifications	31.9	—	1.8	33.7
Derecognition on termination	(5.1)	(2.1)	(1.8)	(9.0)
Impact of foreign currency translation	(3.0)	—	(0.2)	(3.2)
March 31, 2024	450.3	44.2	60.9	555.4

	Retail stores	Manufacturing facilities	Other	Total
Accumulated depreciation	$	$	$	$
April 3, 2022	110.1	15.2	9.9	135.2
Depreciation	55.5	5.4	7.2	68.1
Derecognition on termination	(1.2)	—	(1.0)	(2.2)
Impairment losses	0.8	—	—	0.8
Impact of foreign currency translation	5.9	—	0.4	6.3
April 2, 2023	171.1	20.6	16.5	208.2
Depreciation	63.8	5.5	7.3	76.6
Derecognition on termination	(5.1)	(2.1)	(1.8)	(9.0)
Impairment losses	1.0	—	—	1.0
Impact of foreign currency translation	(1.1)	—	(0.1)	(1.2)
March 31, 2024	229.7	24.0	21.9	275.6
Net book value
April 2, 2023	225.6	24.3	41.9	291.8
March 31, 2024	220.6	20.2	39.0	279.8

Impairment losses for the year ended March 31, 2024 and April 2, 2023 were booked within the DTC segment as part of SG&A expenses in the statements of income.

Lease liabilities

The following table presents the changes in the Company's lease liabilities:

	Retail stores	Manufacturing facilities	Other	Total
	$	$	$	$
April 3, 2022	217.2	24.8	8.7	250.7
Additions	82.1	8.2	39.6	129.9
Additions from business combinations (note 5)	1.5	—	1.7	3.2
Lease modifications	2.4	—	—	2.4
Derecognition on termination	(0.7)	—	—	(0.7)
Principal payments	(54.5)	(5.3)	(2.4)	(62.2)
Impact of foreign currency translation	11.2	—	0.3	11.5
April 2, 2023	259.2	27.7	47.9	334.8
Additions	29.7	0.2	2.3	32.2
Additions from business combinations (note 5)	—	1.2	—	1.2
Lease modifications	31.9	—	1.8	33.7
Principal payments	(63.0)	(5.3)	(0.9)	(69.2)
Impact of foreign currency translation	(2.1)	—	(0.1)	(2.2)
March 31, 2024	255.7	23.8	51.0	330.5

Lease liabilities are classified as current and non-current liabilities as follows:

	Retail stores	Manufacturing facilities	Other	Total
	$	$	$	$
Current lease liabilities	64.7	6.1	5.3	76.1
Non-current lease liabilities	194.5	21.6	42.6	258.7
April 2, 2023	259.2	27.7	47.9	334.8
Current lease liabilities	65.8	6.3	7.8	79.9
Non-current lease liabilities	189.9	17.5	43.2	250.6
March 31, 2024	255.7	23.8	51.0	330.5

In the year ended March 31, 2024, $39.6m of lease payments were not included in the measurement of lease liabilities (April 2, 2023 - $23.5m, April 3, 2022 - $21.5m). The majority of these balances related to short-term leases and variable rent payments, net of rent concessions, which are expenses as incurred.

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Goodwill

12 Months Ended

Mar. 31, 2024

Intangible assets and goodwill [abstract]

Goodwill

Goodwill

Goodwill arising from business combinations is as follows:

	March 31, 2024	April 2, 2023
	$	$
Opening balance	63.9	53.1
Business combination (note 5)	8.3	10.8
Impact of foreign currency translation	(1.4)	—
Goodwill	70.8	63.9

The Company has determined there to be 11 CGUs (April 2, 2023 - 10 CGUs) for which goodwill and indefinite life intangible assets are tested for impairment. The increase in CGUs from the comparative period is attributable to the recognition of goodwill from the Paola Confectii business combination which represents an additional CGU. No other changes were made to the existing CGUs from the previous year. The Company completed its annual impairment tests and concluded that there was no impairment in the years ended March 31, 2024 and April 2, 2023.

The following table outlines the goodwill allocation for the applicable CGUs for the current year:

	March 31, 2024	April 2, 2023
	$	$
North America DTC - Retail	11.7	11.7
North America DTC - e-Commerce	6.6	6.6
North America Wholesale	5.7	5.7
Asia Pacific DTC - Retail	9.8	9.8
Asia Pacific DTC - e-Commerce	2.6	2.6
Asia Pacific Wholesale	3.6	3.6
EMEA1 DTC - Retail	4.3	4.3
EMEA1 DTC - e-Commerce	2.8	2.8
EMEA1 Wholesale	6.0	6.0
Japan Joint Venture2	9.4	10.8
Paola Confectii	8.3	—
Goodwill	70.8	63.9

1EMEA comprises Europe, the Middle East, Africa, and Latin America.

2Goodwill for the Japan Joint Venture is JPY1,059.3m; year-over-year movement in the balance in Canadian Dollars is due to the impact of foreign exchange translation from JPY to CAD of $1.4m.

Key Assumptions

The key assumptions used to calculate the VIU are those regarding discount rate, revenue and gross margin growth rates, sales channel mix, and growth in SG&A expenses. These assumptions are considered to be Level 3 in the fair value hierarchy. The goodwill impairment tests resulted in excess of recoverable value over carrying value of at least 23.5% for each CGU. Because the VIU amount exceeds the CGUs’ asset carrying amount, the CGU is not impaired and the fair value less costs of disposition has not been calculated.

Cash flow projections were discounted using the Company’s weighted average cost of capital, determined to be 12.80% (April 2, 2023 - 12.67%) based on a risk-free rate, an equity risk premium adjusted for betas of comparable publicly traded companies, an unsystematic risk premium, country risk premium, specific risk premium, a cost of debt based on comparable corporate bond yields and the capital structure of the Company. Cash flow projections are based on management’s most recent forecasts over a five year period. A long term growth rate of 2% has been applied to cash flows beyond the forecasted period.

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Accounts payables and accrued liabilities

12 Months Ended

Mar. 31, 2024

Subclassifications of assets, liabilities and equities [abstract]

Accounts payables and accrued liabilities

Accounts payables and accrued liabilities

Accounts payable and accrued liabilities consist of the following:

	March 31, 2024	April 2, 2023
	$	$
Trade payables	57.6	60.1
Accrued liabilities	73.5	82.4
Employee benefits	38.6	21.9
Derivative financial instruments	1.9	3.3
ASPP liability (note 18)	—	20.0
Other payables	6.1	7.9
Accounts payable and accrued liabilities	177.7	195.6

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Provisions

12 Months Ended

Mar. 31, 2024

Provisions [abstract]

Provisions

Provisions

Provisions consist primarily of amounts recorded with respect to customer warranty obligations, sales returns, and asset retirement obligations.

The provision for warranty claims represents the present value of management’s best estimate of the future outflow of economic resources that will be required to meet the Company’s obligations for warranties upon the sale of goods, which may include repair or replacement of previously sold products. The estimate has been made on the basis of historical warranty trends and may vary as a result of new materials, altered manufacturing processes, customer behaviour and expectations, or other events affecting product quality and production.

The sales contract provision relates to management’s estimated cost of the departure of certain third-party dealers and distributors.

Sales returns relate primarily to goods sold through the DTC segment which have a limited right of return (typically within 30 days), or exchange only, in certain jurisdictions.

Asset retirement obligations relate to legal obligations associated with the retirement of tangible long-lived assets, primarily for leasehold improvements that the Company is contractually obligated to remove at the end of the lease term. The Company recognizes the liability when such obligations are incurred. The fair value of the liability is estimated based on a number of assumptions requiring management’s judgment, including closing costs and inflation rates, and is accreted to its projected future value over time.

	Warranty	Sales returns	Asset retirement obligations	Total
	$	$	$	$
April 3, 2022	29.2	12.9	7.7	49.8
Additional provisions recognized	7.6	10.8	4.1	22.5
Reductions resulting from settlement	(6.4)	(7.5)	—	(13.9)
Release of provisions	—	(1.3)	—	(1.3)
Other	—	0.7	0.3	1.0
April 2, 2023	30.4	15.6	12.1	58.1
Additional provisions recognized	6.6	20.8	2.6	30.0
Reductions resulting from settlement	(6.8)	(16.9)	—	(23.7)
Release of provisions	—	(0.7)	(0.1)	(0.8)
Other	0.1	—	(0.3)	(0.2)
March 31, 2024	30.3	18.8	14.3	63.4

Provisions are classified as current and non-current liabilities based on management’s expectation of the timing of settlement, as follows:

	March 31, 2024	April 2, 2023
	$	$
Current provisions	26.1	21.6
Non-current provisions	37.3	36.5
Provisions	63.4	58.1

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Borrowings

12 Months Ended

Mar. 31, 2024

Borrowings [abstract]

Borrowings

Borrowings

Amendments to borrowings

Effective June 30, 2023, LIBOR rates are no longer published for U.S Dollars. As a result, in the first quarter ended July 2, 2023, the Company transitioned facilities and contracts denominated in U.S dollars applying LIBOR to the Secured Overnight Financing Rate published by the Federal Reserve Bank of New York (“SOFR”). At this time, the Company entered into further amendments to its Revolving Facility (as defined below), Term Loan Facility (as defined below) and the interest rate swaps to transition to SOFR. In connection with the amendments, during the first quarter ended July 2, 2023, the Company also extended the maturity of the Revolving Facility to May 15, 2028 and incurred transaction costs of $0.7m, on the extension of the Revolving Facility, which are being amortized using the effective interest rate method over the new term to maturity. There were no further amendments to borrowings in the year ended March 31, 2024.

See "Note 22. Financial risk management objectives and policies" for more details on the amendments to the interest rate swaps.

Revolving Facility

The Company has an agreement with a syndicate of lenders for a senior secured asset-based revolving credit facility ("Revolving Facility") in the amount of $467.5m, with an increase in

commitments to $517.5m during the peak season (June 1 - November 30). The Revolving Facility matures on May 15, 2028. Amounts owing under the Revolving Facility may be borrowed, repaid and re-borrowed for general corporate purposes. The Company has pledged substantially all of its assets as collateral for the Revolving Facility. The Revolving Facility contains financial and non-financial covenants which could impact the Company’s ability to draw funds.

The Revolving Facility has multiple interest rate charge options that are based on the Canadian prime rate, Banker's Acceptance rate, the lenders' Alternate Base Rate, European Base Rate, SOFR rate, or EURIBOR rate plus an applicable margin, with interest payable the earlier of quarterly or at the end of the then current interest period (whichever is earlier).

As at March 31, 2024, the Company had repaid all amounts owing on the Revolving Facility (April 2, 2023 - $nil). As at March 31, 2024, no interest and administrative fees remain outstanding (April 2, 2023 - $nil). Deferred financing charges in the amounts of $1.0m (April 2, 2023 - $0.5m), were included in other long-term liabilities. As at and during the year ended March 31, 2024, the Company was in compliance with all covenants.

The Company had unused borrowing capacity available under the Revolving Facility of $203.7m as at March 31, 2024 (April 2, 2023 - $238.4m).

The revolving credit commitment also includes a letter of credit commitment in the amount of $25.0m, with a $5.0m sub-commitment for letters of credit issued in a currency other than Canadian dollars, U.S. dollars, euros or British pounds sterling, and a swingline commitment for $25.0m. As at March 31, 2024, the Company had letters of credit outstanding under the Revolving Facility of $1.5m (April 2, 2023 - $1.8m).

Term Loan

The Company has a senior secured loan agreement with a syndicate of lenders that is secured on a split collateral basis ("Term Loan") alongside the Revolving Facility. The Term Loan has an aggregate principal amount of USD300.0m, with quarterly repayments of USD0.75m on the principal amount and a maturity date of October 7, 2027. Moreover, the Term Loan has an interest rate of SOFR plus a term SOFR adjustment of 0.11448% with an applicable margin of 3.50% payable monthly in arrears. SOFR plus the term SOFR adjustment may not be less than 0.75%.

Voluntary prepayments of amounts owing under the Term Loan may be made at any time without premium or penalty but once repaid may not be reborrowed. As at March 31, 2024, the Company had USD290.3m (April 2, 2023 - USD293.3m) aggregate principal amount outstanding under the Term Loan. The Company has pledged substantially all of its assets as collateral for the Term Loan. The Term Loan contains financial and non-financial covenants which could impact the Company’s ability to draw funds. As at and during the year ended March 31, 2024, the Company was in compliance with all covenants.

As the Term Loan is denominated in U.S. dollars, the Company remeasures the outstanding balance plus accrued interest at each balance sheet date.

The amount outstanding with respect to the Term Loan is as follows:

	March 31, 2024	April 2, 2023
	$	$
Term Loan	393.1	396.3
Unamortized portion of deferred transaction costs	(0.6)	(0.6)
Term Loan, net of unamortized deferred transaction costs	392.5	395.7

Mainland China Facilities

A subsidiary of the Company in Mainland China has two uncommitted loan facilities in the aggregate amount of RMB266.4m ($50.0m) ("Mainland China Facilities"). The term of each draw on the loans is one, three or six months or such other period as agreed upon and shall not exceed 12 months (including any extension or rollover). The interest rate on each facility is equal to loan prime rate of 1 year, minus a marginal rate between 0.35% and 0.45%, and payable at one, three or six months, depending on the term of each draw. Proceeds drawn on the Mainland China Facilities are being used to support working capital requirements and build up of inventory for peak season sales. As at March 31, 2024, the Company had no amounts owing on the Mainland China Facilities (April 2, 2023 - $9.8m (RMB50.0m)).

Japan Facility

A subsidiary of the Company in Japan has a loan facility in the aggregate amount of JPY4,000.0m ($35.8m) ("Japan Facility") with a floating interest rate of Japanese Bankers Association Tokyo Interbank Offered Rate (“JBA TIBOR”) plus an applicable margin of 0.30%. The term of the facility is 12 months and each draw on the facility is payable within the term. Proceeds drawn on the Japan Facility are being used to support build up of inventory for peak season sales. As at March 31, 2024, the Company had $5.4m (JPY600.0m) owing on the Japan Facility (April 2, 2023 - $13.7m (JPY1,350.0m)).

Short-term Borrowings

As at March 31, 2024, the Company has short-term borrowings in the amount of $9.4m. Short-term borrowings include $5.4m (April 2, 2023 - $13.7m) owing on the Japan Facility, and $4.0m (April 2, 2023 - $4.1m) for the current portion of the quarterly principal repayments on the Term Loan. For the year ended April 2, 2023, short-term borrowings included $9.8m on the Mainland China Facilities. Short-term borrowings are all due within the next 12 months.

Net interest, finance and other costs consist of the following:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
		Reclassified	Reclassified
Interest expense
Mainland China Facilities	0.9	0.5	0.4
Japan Facility	0.1	0.1	—
Revolving Facility	2.8	1.1	1.8
Term Loan	19.9	18.8	17.4
Lease liabilities	17.7	11.6	9.1
Standby fees	1.2	1.8	0.9
Acceleration of unamortized costs on debt extinguishment	—	—	9.5
Foreign exchange losses on Term Loan net of hedges	2.1	12.1	2.8
Fair value remeasurement on the put option liability (note 21)	1.6	10.9	—
Fair value remeasurement on the contingent consideration (note 21)	2.8	(2.9)	—
Interest income	(1.3)	(0.9)	(0.4)
Other costs	1.0	1.0	0.3
Net interest, finance and other costs	48.8	54.1	41.8

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Shareholders' equity

12 Months Ended

Mar. 31, 2024

Share Capital, Reserves And Other Equity Interest [Abstract]

Shareholders' equity

Shareholders’ equity

The authorized and issued share capital of the Company are as follows:

Authorized

The authorized share capital of the Company consists of an unlimited number of subordinate voting shares without par value, an unlimited number of multiple voting shares without par value, and an unlimited number of preferred shares without par value, issuable in series.

Issued

Multiple voting shares - Holders of the multiple voting shares are entitled to 10 votes per multiple voting share. Multiple voting shares are convertible at any time at the option of the holder into one subordinate voting share. The multiple voting shares will automatically be converted into subordinate voting shares when they cease to be owned by one of the principal shareholders. In addition, the multiple voting shares of either of the principal shareholders will automatically be converted to subordinate voting shares at such time as the beneficial ownership of that shareholder falls below 15% of the outstanding subordinate voting shares and multiple voting shares outstanding, or additionally, in the case of DTR, when the current Chairman and Chief Executive Officer no longer serves as a director of the Company or in a senior management position.

Subordinate voting shares - Holders of the subordinate voting shares are entitled to one vote per subordinate voting share.

The rights of the subordinate voting shares and the multiple voting shares are substantially identical, except for voting and conversion. Subject to the prior rights of any preferred shares, the holders of subordinate and multiple voting shares participate equally in any dividends declared and share equally in any distribution of assets on liquidation, dissolution, or winding up.

Share capital transactions for the year ended March 31, 2024

Normal course issuer bid for Fiscal 2024

The Board of Directors has authorized the Company to initiate a normal course issuer bid, in accordance with the requirements of the Toronto Stock Exchange, to purchase up to 4,980,505 subordinate voting shares over the 12-month period from November 22, 2023 and ending no later than November 21, 2024 (the "Fiscal 2024 NCIB"). Purchased subordinate voting shares will be cancelled.

In connection with the Fiscal 2024 NCIB, the Company also entered an automatic share purchase plan (the “Fiscal 2024 ASPP”) under which a designated broker may purchase subordinate voting shares under the Fiscal 2024 NCIB during the regularly scheduled quarterly trading blackout periods of the Company. The repurchases made under the Fiscal 2024 ASPP will be made in accordance with certain purchasing parameters and will continue until the earlier of the date in which the Company has acquired the maximum limit of subordinate voting shares pursuant to the Fiscal 2024 ASPP or upon the date of expiry of the Fiscal 2024 NCIB.

During the year ended March 31, 2024, under the Fiscal 2024 NCIB, the Company purchased 3,586,124 subordinate voting shares for cancellation for total cash consideration of $56.9m. The amount to purchase the subordinate voting shares was charged to share capital, with the remaining $48.8m charged to retained earnings. Of the 3,586,124 subordinate voting shares purchased, 3,088,648 were purchased under the Fiscal 2024 ASPP for total cash consideration of $49.6m.

For the trading blackout period relating to the fiscal year ended March 31, 2024, the Company elected not to rely on the Fiscal 2024 ASPP. Therefore, there was no liability due to the designated broker as at March 31, 2024.

Normal course issuer bid for Fiscal 2023

The Board of Directors authorized the Company to initiate a normal course issuer bid, in accordance with the requirements of the Toronto Stock Exchange, to purchase and cancel up to 5,421,685 subordinate voting shares over the 12-month period from November 22, 2022 and concluded on November 21, 2023 (the “Fiscal 2023 NCIB”).

In connection with the Fiscal 2023 NCIB, the Company also entered an automatic share purchase plan (the “Fiscal 2023 ASPP”) under which a designated broker purchased subordinate voting shares under the Fiscal 2023 NCIB during the regularly scheduled quarterly trading blackout periods of the Company. This Fiscal 2023 ASPP terminated on November 21, 2023, along with the Fiscal 2023 NCIB, and the liability to the broker was fully settled at the end of the plan.

During the three fiscal quarters ended December 31, 2023, under the Fiscal 2023 NCIB until its expiration, the Company purchased 4,268,883 subordinate voting shares for cancellation for total cash consideration of $83.3m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $73.6m charged to retained earnings. Of the

4,268,883 subordinate voting shares purchased, 1,184,152 were purchased under the ASPP for total cash consideration of $25.3m.

Since the commencement of the Fiscal 2023 NCIB, the Company purchased 5,421,685, which represents the total authorized subordinate voting shares for cancellation for total cash consideration of $111.2m.

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
April 2, 2023	51,004,076	1.4	53,184,912	117.3	104,188,988	118.7
Purchase of subordinate voting shares	—	—	(7,855,007)	(17.8)	(7,855,007)	(17.8)
Total share purchases	—	—	(7,855,007)	(17.8)	(7,855,007)	(17.8)
Exercise of stock options	—	—	64,058	0.2	64,058	0.2
Settlement of RSUs	—	—	134,475	3.8	134,475	3.8
Total share issuances	—	—	198,533	4.0	198,533	4.0
March 31, 2024	51,004,076	1.4	45,528,438	103.5	96,532,514	104.9

Share capital transactions for the year ended April 2, 2023

In connection with the Fiscal 2023 NCIB, during the year ended April 2, 2023, the Company purchased 1,152,802 subordinate voting shares for cancellation for total cash consideration of $26.7m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $25.4m charged to retained earnings. Of the 1,152,802 subordinate voting shares purchased, 821,622 were purchased under the Fiscal 2023 ASPP for total cash consideration of $20.0m.

A liability representing the maximum amount that the Company could be required to pay the designated broker under the Fiscal 2023 ASPP was $20.0m as at April 2, 2023. The amount was charged to contributed surplus.

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
April 3, 2022	51,004,076	1.4	54,190,432	117.1	105,194,508	118.5
Purchase of subordinate voting shares	—	—	(1,103,102)	(2.4)	(1,103,102)	(2.4)
Purchase of subordinate voting shares held for cancellation	—	—	(49,700)	(0.1)	(49,700)	(0.1)
Total share purchases	—	—	(1,152,802)	(2.5)	(1,152,802)	(2.5)
Exercise of stock options	—	—	60,248	—	60,248	—
Settlement of RSUs	—	—	87,034	2.7	87,034	2.7
Total share issuances	—	—	147,282	2.7	147,282	2.7
April 2, 2023	51,004,076	1.4	53,184,912	117.3	104,188,988	118.7

Share capital transactions for the year ended April 3, 2022

The Company previously maintained another NCIB in relation to its subordinate voting shares. The Company was authorized to make purchases from August 20, 2021 to August 19, 2022, in accordance with the requirements of the TSX. The Board of Directors of the Company had authorized the Company to repurchase up to 5,943,239 subordinate voting shares, representing approximately 10% of the issued and outstanding subordinate voting shares as at August 6, 2021. Purchases were made during the validity of such NCIB by means of open market transactions on the TSX, the NYSE and one Canadian alternative trading system.

During the year ended April 3, 2022, the Company purchased 5,636,763 subordinate voting shares for cancellation for total cash consideration of $253.2m. The amount to purchase the subordinate voting shares has been charged to share capital, with the remaining $241.3m charged to retained earnings.

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
March 28, 2021	51,004,076	1.4	59,435,079	119.1	110,439,155	120.5
Purchase of subordinate voting shares	—	—	(5,636,763)	(11.9)	(5,636,763)	(11.9)
Total share purchases	—	—	(5,636,763)	(11.9)	(5,636,763)	(11.9)
Exercise of stock options	—	—	342,148	8.5	342,148	8.5
Settlement of RSUs	—	—	49,968	1.4	49,968	1.4
Total share issuances	—	—	392,116	9.9	392,116	9.9
April 3, 2022	51,004,076	1.4	54,190,432	117.1	105,194,508	118.5

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Share-based payments

12 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangements [Abstract]

Share-based payments

Share-based payments

Stock options

The Company has issued stock options to purchase subordinate voting shares under its incentive plans, prior to the public share offering on March 21, 2017, the Legacy Plan, and subsequently, the Omnibus Plan. All options are issued at an exercise price that is not less than market value at the time of grant and expire 10 years after the grant date.

Legacy Plan

Under the terms of the Legacy Plan, options were granted to certain executives of the Company which are exercisable to purchase subordinate voting shares. All Legacy Plan options have fully vested or been cancelled prior to the year ended March 31, 2024. No new options will be issued under the Legacy Plan.

Omnibus Plan

Under the terms of the Omnibus Plan, options are granted to certain employees of the Company which are exercisable to purchase subordinate voting shares. The options vest over four years contingent upon meeting the service conditions of the Omnibus Plan, 25% on each anniversary of the date of grant.

Stock option transactions are as follows:

	Year ended
	March 31, 2024			April 2, 2023
	Weighted average exercise price		Number of shares	Weighted average exercise price		Number of shares
Options outstanding, beginning of period	$	36.58	4,055,199	$	42.99	2,722,690
Granted to purchase shares	$	19.77	1,278,211	$	24.63	1,580,506
Exercised	$	1.61	(64,058)	$	0.23	(60,248)
Cancelled	$	28.83	(660,575)	$	40.66	(187,749)
Options outstanding, end of period	$	33.51	4,608,777	$	36.58	4,055,199

The following table summarizes information about stock options outstanding and exercisable at March 31, 2024:

	Options Outstanding		Options Exercisable
Exercise price	Number	Weighted average remaining life in years	Number	Weighted average remaining life in years
$0.02	15,434	0.0	15,434	0.0
$1.79	44,307	0.8	44,307	0.8
$8.94	122,221	2.8	122,221	2.8
$14.29	2,565	9.6	—	0.0
$16.21	519,884	9.9	—	0.0
$22.24	611,798	9.1	—	0.0
$23.64	42,576	3.4	42,576	3.4
$23.77	12,285	8.2	3,072	8.2
$24.64	1,169,619	7.9	322,809	7.2
$30.73	48,730	3.0	48,730	3.0
$31.79	35,622	3.6	35,622	3.6
$33.97	635,096	5.8	462,427	5.6
$45.34	33,708	4.0	33,708	4.0
$48.93	541,197	6.9	284,064	6.6
$50.00	250,000	6.2	187,500	6.2
$63.03	359,157	4.8	359,157	4.8
$83.53	164,578	3.8	164,578	3.8
	4,608,777	7.0	2,126,205	5.3

Restricted share units

The Company has granted shares as part of the RSU program under the Omnibus Plan to employees of the Company. The RSUs are treated as equity instruments for accounting purposes. We expect that vested RSUs will be paid at settlement through the issuance of one subordinate voting share per RSU. The RSUs vest over a period of three years, a third on each anniversary of the date of grant.

RSUs transactions are as follows:

	Year ended
	March 31, 2024	April 2, 2023
	Number of shares	Number of shares
RSUs outstanding, beginning of period	318,082	215,590
Granted	438,814	209,187
Settled	(134,475)	(87,034)
Cancelled	(141,903)	(19,661)
RSUs outstanding, end of period	480,518	318,082

Performance share units

In May 2023, the Company implemented a PSU program under the Omnibus Plan. A PSU represents the right to receive a subordinate voting share settled by the issuance of shares at the vesting date. PSUs vest on the third anniversary of the award date and are earned only if certain performance targets are achieved. Shares issued per PSU at the vesting date can decrease or increase if minimum or maximum performance targets are achieved ranging from 0% to 200% of the PSU award granted. PSUs are treated as equity instruments for accounting purposes.

PSUs transactions are as follows:

	Year ended
	March 31, 2024	April 2, 2023
	Number of shares	Number of shares
PSUs outstanding, beginning of period	—	—
Granted	399,349	—
Cancelled	(56,424)	—
PSUs outstanding, end of period	342,925	—

Shares reserved for issuance

As at March 31, 2024, subordinate voting shares, to a maximum of 5,310,387 shares, have been reserved for issuance under equity incentive plans to select employees of the Company, with vesting contingent upon meeting the service, performance goals and other conditions of the Omnibus Plan.

Accounting for share-based awards

For the year ended March 31, 2024, the Company recorded $10.4m as compensation expense for stock options, RSUs and PSUs (April 2, 2023 - $15.0m, April 3, 2022 - $14.0m). Share-based compensation expense is included in SG&A expenses.

The assumptions used to measure the fair value of options granted under the Black-Scholes option pricing model at the grant date were as follows:

	Year ended
	March 31, 2024			April 2, 2023
Weighted average stock price valuation	$	19.77		$	24.63
Weighted average exercise price	$	19.77		$	24.63
Risk-free interest rate	4.09		%	2.52		%
Expected life in years	5.4			5.0
Expected dividend yield	—		%	—		%
Volatility	40		%	40		%
Weighted average fair value of options issued	$	6.82		$	7.86

RSU and PSU fair values are determined based on the market value of the subordinate voting shares at the time of grant. As at March 31, 2024, the weighted average fair value of RSUs was $21.37 (April 2, 2023 - $24.63). As at March 31, 2024, the weighted average fair value of PSUs was $22.21.

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Related party transactions

12 Months Ended

Mar. 31, 2024

Related party transactions [abstract]

Related party transactions

Related party transactions

The Company enters into transactions from time to time with its principal shareholders and organizations affiliated with members of the Board of Directors by incurring expenses for business services. During the year ended March 31, 2024, the Company had transactions with related parties of $1.1m (April 2, 2023 - $1.3m, April 3, 2022 - $1.7m) from companies related to certain shareholders. Net balances owing to related parties as at March 31, 2024 were $0.2m (April 2, 2023 - $0.4m).

A lease liability due to the previous controlling shareholder of the acquired Baffin Inc. business (the "Baffin Vendor") for leased premises was $2.5m as at March 31, 2024 (April 2, 2023 - $3.1m). During the year ended March 31, 2024, the Company paid principal and interest on the lease liability, net of rent concessions, and other operating costs to entities affiliated with the Baffin Vendor totaling $1.6m (April 2, 2023 - $1.4m, April 3, 2022 - $1.4m). No amounts were owing to Baffin entities as at March 31, 2024 and April 2, 2023.

The joint venture between the Company and the Sazaby League (“Japan Joint Venture”), has lease liabilities due to the non-controlling shareholder, Sazaby League for leased premises. Lease liabilities were $1.9m as at March 31, 2024 (April 2, 2023 - $2.7m). During the year ended March 31, 2024, the Company incurred principal and interest on lease liabilities, royalty fees, and other operating costs to Sazaby League totalling $5.2m (April 2, 2023 - $5.9m, April 3, 2022 - $nil). Balances owing to Sazaby League as at March 31, 2024 were $0.3m (April 2, 2023 - $0.2m).

During the year ended March 31, 2024, the Japan Joint Venture sold inventory of $1.5m to companies wholly owned by Sazaby League (April 2, 2023 - $1.7m, April 3, 2022 - $nil). As at

March 31, 2024, the Japan Joint Venture recognized a trade receivable of $0.1m from these companies (April 2, 2023 - $0.1m).

Pursuant to the agreement entered between the Company and Sazaby League to form the Japan Joint Venture (“Joint Venture Agreement”), during the year ended April 2, 2023 the Company sold inventory of $11.9m to Sazaby League for repurchase by the Japan Joint Venture, and subsequently the Japan Joint Venture repurchased $11.9m of inventory from Sazaby League. These transactions were measured based on pricing established through the Joint Venture Agreement at market terms and were not recognized as sales transactions. There were no similar inventory transactions for the year ended March 31, 2024. The repurchase of inventory pursuant to this Joint Venture Agreement was completed during the fourth quarter ended April 2, 2023.

In connection with the business combination during the year ended March 31, 2024, the Company recognized $1.5m of remuneration costs related to the Earn-Out based on the estimated value of $7.4m for the payout. These costs have been included in other long-term liabilities on the statement of financial position, and reflects the amount owing to the PCML Vendors as at March 31, 2024.

A lease liability due to one of the PCML Vendors for leased premises was $1.2m as at March 31, 2024. During the year ended March 31, 2024, the Company paid principal and interest on the lease liability, to one of the PCML Vendors totalling less than $0.1m. No amounts were owing to one of the PCML Vendors as at March 31, 2024.

Terms and conditions of transactions with related parties

Transactions with related parties are conducted on terms pursuant to an approved agreement, or are approved by the Board of Directors.

Key management compensation

Key management consists of the Board of Directors, the Chairman and Chief Executive Officer and the executives who report directly to the Chairman and Chief Executive Officer.

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Short term employee benefits	10.8	10.1	12.5
Long term employee benefits	0.2	0.1	0.1
Termination benefits	1.0	—	—
Share-based compensation	7.3	11.2	11.5
Compensation expense	19.3	21.4	24.1

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Financial instruments and fair values

12 Months Ended

Mar. 31, 2024

Financial Instruments And Fair Value Measurement [Abstract]

Financial Instruments and Fair Values

Financial instruments and fair values

The Company’s derivative financial assets and financial liabilities are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets and financial liabilities are determined, in particular, the valuation technique(s) and inputs used.

Financial assets/ financial liabilities	Fair value hierarchy	Valuation technique(s) and key input(s)
Foreign currency forward contracts	Level 2	Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Foreign currency and interest rate swap contracts	Level 2	Future cash flows are estimated based on forward exchange rates (from observable forward exchange and interest swap rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Revolving Facility, Term Loan and Japan Facility	Level 2	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Mainland China Facilities	Level 3	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	Level 3	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised.
Contingent consideration	Level 3	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate.
Earn-Out (note 5)	Level 3	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments.

The following table presents the fair values and fair value hierarchy of the Company’s financial instruments and excludes financial instruments carried at amortized cost that are short-term in nature, where fair value approximates carrying values:

	March 31, 2024					April 2, 2023
	Level 1	Level 2	Level 3	Carrying value	Fair value	Level 1	Level 2	Level 3	Carrying value	Fair value
	$	$	$	$	$	$	$	$	$	$
Financial assets
Derivatives included in other current assets	—	15.1	—	15.1	15.1	—	12.4	—	12.4	12.4
Derivatives included in other long-term assets	—	6.9	—	6.9	6.9	—	12.4	—	12.4	12.4
Financial liabilities
Derivatives included in accounts payable and accrued liabilities	—	1.9	—	1.9	1.9	—	3.3	—	3.3	3.3
Mainland China Facilities	—	—	—	—	—	—	—	9.8	9.8	9.8
Japan Facility	—	5.4	—	5.4	5.4	—	13.7	—	13.7	13.7
Term Loan	—	392.5	—	392.5	389.2	—	395.7	—	395.7	433.1
Derivatives included in other long-term liabilities	—	5.3	—	5.3	5.3	—	6.0	—	6.0	6.0
Put option liability included in other long-term liabilities	—	—	29.4	29.4	29.4	—	—	32.1	32.1	32.1
Contingent consideration included in other long-term liabilities	—	—	17.7	17.7	17.7	—	—	16.8	16.8	16.8
Earn-Out included in other long-term liabilities (note 5)	—	—	1.5	1.5	1.5	—	—	—	—	—

In connection with the Japan Joint Venture, for the year ended March 31, 2024, the Company recorded an increase of JPY327.0m ($0.9m, excluding translation losses of $1.9m) on the remeasurement of the contingent consideration. The Company recorded an increase of JPY129.3m (a decrease of $2.7m, excluding translation losses of $4.3m) on the remeasurement of the put option liability during the year ended March 31, 2024. The change in fair values of the contingent consideration and put option liability were driven by updated cash flow forecasts, progression through the 4-year and 10-year terms, respectively, and lower cost of equity in the market.

For the year ended April 2, 2023, the Company recorded a decrease of JPY301.2m ($3.2m, excluding translation losses of $0.3m) on the remeasurement of the contingent consideration. The Company recorded an increase of JPY1,079.9m ($10.9m, excluding translation gains of less than $0.1m) on the remeasurement of the put option liability during the year ended April 2, 2023.

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Financial risk management objectives and policies

12 Months Ended

Mar. 31, 2024

Financial Risk Management [Abstract]

Financial risk management objectives and policies

Financial risk management objectives and policies

The Company’s primary risk management objective is to protect the Company’s assets and cash flow, in order to increase the Company’s enterprise value.

The Company is exposed to capital management risk, liquidity risk, credit risk, market risk, foreign exchange risk, and interest rate risk. The Company’s senior management and Board of Directors oversee the management of these risks. The Board of Directors reviews and agrees policies for managing each of these risks which are summarized below.

Capital management

The Company manages its capital and capital structure with the objectives of safeguarding sufficient working capital over the annual operating cycle and providing sufficient financial resources to grow operations to meet long-term consumer demand. The Board of Directors of the Company monitors the Company’s capital management on a regular basis. The Company will continually assess the adequacy of the Company’s capital structure and capacity and make adjustments within the context of the Company’s strategy, economic conditions, and risk characteristics of the business.

Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to satisfy the requirements for business operations, capital expenditures, debt service and general corporate purposes, under normal and stressed conditions. The primary source of liquidity is funds generated by operating activities; the Company also relies on the Revolving Facility, the Mainland China Facilities, and Japan Facility as sources of funds for short term working capital needs. The Company continuously reviews both actual and forecasted cash flows to ensure that the Company has appropriate capital capacity.

The following table summarizes the amount of contractual undiscounted future cash flow requirements as at March 31, 2024:

	2025	2026	2027	2028	2029	Thereafter	Total
	$	$	$	$	$	$	$
Accounts payable and accrued liabilities	177.7	—	—	—	—	—	177.7
Japan Facility	5.4	—	—	—	—	—	5.4
Term Loan	4.0	4.1	4.1	380.9	—	—	393.1
Interest commitments relating to borrowings1	35.2	35.2	35.2	17.5	—	—	123.1
Lease obligations	92.0	75.8	66.3	42.1	32.5	81.6	390.3
Pension obligation	—	—	—	—	—	1.8	1.8
Total contractual obligations	314.3	115.1	105.6	440.5	32.5	83.4	1,091.4

1    Interest commitments are calculated based on the loan balance and the interest rate payable on the Japan Facility and the Term Loan of 0.45% and 8.94% respectively, as at March 31, 2024.

As at March 31, 2024, we had additional liabilities which included provisions for warranty, sales returns, asset retirement obligations, deferred income tax liabilities, the Earn-Out to the PCML Vendors, the put option liability and the contingent consideration on the Japan Joint Venture.

These liabilities have not been included in the table above as the timing and amount of future payments are uncertain.

Letter of guarantee facility

On April 14, 2020, Canada Goose Inc. entered into a letter of guarantee facility in the amount of $10.0m. Within the facility, letters of guarantee are available for terms of up to 12 months from the date of issuance and will be charged a fee equal to 1.0% per annum calculated against the face amount and over the term of the guarantee. Amounts issued on the facility will be used to finance working capital requirements through letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit, or similar credits. The Company immediately reimburses the issuing bank for amounts drawn on issued letters of guarantees. At March 31, 2024, the Company had $7.4m outstanding.

In addition, a subsidiary of the Company in Mainland China entered into letters of guarantee and as at March 31, 2024 the amount outstanding was $9.1m. Amounts will be used to support retail operations of such subsidiaries through letters of guarantee, standby letters of credit, performance bonds, counter guarantees, counter standby letters of credit, or similar credits.

Credit risk

Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.

Credit risk arises from the possibility that certain parties will be unable to discharge their obligations. The Company manages its credit risk through a combination of third party credit insurance and internal house risk. Credit insurance is provided by a third party for customers and is subject to continuous monitoring of the credit worthiness of the Company's customers. Insurance covers a specific amount of revenue, which may be less than the Company's total revenue with a specific customer. The Company has an agreement with a third party who has insured the risk of loss for up to 90% of trade accounts receivable from certain designated customers subject to a total deductible of $0.1m, to a maximum of $30.0m per year. As at March 31, 2024, trade accounts receivable totaling approximately $14.8m (April 2, 2023 - $10.3m) were insured subject to the policy cap. Complementary to the third party insurance, the Company establishes payment terms with customers to mitigate credit risk and continues to closely monitor its trade accounts receivable credit risk exposure.

Within CG Japan, the Company has an agreement with a third party who has insured the risk of trade accounts receivable for certain designated customers for a maximum of JPY540.0m per annum subject to a deductible of 10% and applicable only to accounts with receivables over JPY100k. As at March 31, 2024, trade accounts receivable totalling approximately $0.3m (JPY32.5m) were insured subject to the policy cap (April 2, 2023 - $0.7m (JPY72.8m)).

Customer deposits are received in advance from certain customers for seasonal orders to further mitigate credit risk, and applied to reduce accounts receivable when goods are shipped. As at March 31, 2024, customer deposits of $22.9m (April 2, 2023 - $0.2m) were included in accounts payable and accrued liabilities.

The aging of trade receivables was as follows:

			Past due
	Total	Current	< 30 days	31-60 days	> 61 days
	$	$	$	$	$
Trade accounts receivable	57.1	33.5	10.0	5.1	8.5
Credit card receivables	3.7	3.7	—	—	—
Other receivables	12.3	11.8	0.3	—	0.2
March 31, 2024	73.1	49.0	10.3	5.1	8.7
Trade accounts receivable	30.4	22.2	4.4	1.1	2.7
Credit card receivables	2.5	2.5	—	—	—
Other receivables	19.5	18.9	0.5	—	0.1
April 2, 2023	52.4	43.6	4.9	1.1	2.8

Trade accounts receivable factoring program

A subsidiary of the Company in Europe has an agreement to factor, on a limited recourse basis, certain of its trade accounts receivable up to a limit of EUR20.0m in exchange for advanced funding equal to 100% of the principal value of the invoice. Accepted currencies include euros, British pounds sterling, and Swiss francs. The Company is charged a fee of the applicable sterling overnight index average reference rate plus 1.15% per annum, based on the number of days between the purchase date and the invoice due date, which is lower than the Company’s average borrowing rate under its Revolving Facility. The program is utilized to provide sufficient liquidity to support its international operating cash needs. Upon transfer of the receivables, the Company receives cash proceeds and continues to service the receivables on behalf of the third-party financial institution. The program meets the derecognition requirements in accordance with IFRS 9, Financial Instruments as the Company transfers substantially all the risks and rewards of ownership upon the sale of a receivable. These proceeds are classified as cash flows from operating activities in the statement of cash flows.

For the year ended March 31, 2024, the Company received total cash proceeds from the sale of trade accounts receivable with carrying values of $46.3m which were derecognized from the Company's statement of financial position (April 2, 2023 - $45.7m). Fees of $0.4m were incurred during the year ended March 31, 2024 (April 2, 2023 - $0.3m) and included in net interest, finance and other costs in the statements of income. As at March 31, 2024, the outstanding amount of trade accounts receivable derecognized from the Company’s statement of financial position, but which the Company continued to service was $0.6m (April 2, 2023 - $1.1m). Subsequent to the year ended March 31, 2024, the Company has terminated its factoring program.

Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise foreign exchange risk and interest rate risk.

Foreign exchange risk

Foreign exchange risk in operating cash flows

The Company’s consolidated financial statements are expressed in Canadian dollars, but a substantial portion of the Company’s revenues, purchases, and expenses are denominated in other currencies, primarily U.S. dollars, euros, British pounds sterling, Swiss francs, Chinese yuan, Hong Kong dollars and Japanese yen. The Company has entered into forward foreign exchange contracts to reduce the foreign exchange risk associated with revenues, purchases, and expenses denominated in these currencies. Certain forward foreign exchange contracts were designated at inception and accounted for as cash flow hedges.

Revenues and expenses of all foreign operations are translated into Canadian dollars at the foreign currency exchange rates that approximate the rates in effect at the dates when such items are recognized. As a result, we are exposed to foreign currency translation gains and losses. Appreciating foreign currencies relative to the Canadian dollar, to the extent they are not hedged, will positively impact operating income and net income by increasing our revenue, while depreciating foreign currencies relative to the Canadian dollar will have the opposite impact.

The Company recognized the following unrealized gains and losses in the fair value of derivatives designated as cash flow hedges in other comprehensive income:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	Net gain	Tax recovery	Net loss	Tax recovery	Net loss	Tax expense
	$	$	$	$	$	$
Forward foreign exchange contracts designated as cash flow hedges	1.3	0.1	(3.7)	0.9	(4.5)	(0.1)

The Company reclassified the following losses and gains from other comprehensive income on derivatives designated as cash flow hedges to locations in the consolidated financial statements described below:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
Loss (gain) from other comprehensive income	$	$	$
Forward foreign exchange contracts designated as cash flow hedges
Revenue	1.8	5.5	3.9
SG&A expenses	(0.4)	0.1	(0.4)
Inventory	0.5	0.8	(0.9)

During the year ended March 31, 2024, an unrealized gain of $1.7m (April 2, 2023 - unrealized gain of $4.5m, April 3, 2022 - unrealized gain of $4.7m) on forward exchange contracts that were not treated as hedges was recognized in SG&A expenses in the statements of income.

Foreign currency forward exchange contracts outstanding as at March 31, 2024 related to operating cash flows were:

(in millions)	Aggregate Amounts		Currency
Forward contract to purchase Canadian dollars	USD	62.1	U.S. dollars
	€	89.3	euros
	¥	2,085.8	Japanese yen
Forward contract to sell Canadian dollars	USD	22.4	U.S. dollars
	€	40.1	euros
Forward contract to purchase euros	CNY	525.4	Chinese yuan
	£	25.5	British pounds sterling
	HKD	32.9	Hong Kong dollars
	CHF	0.1	Swiss francs
Forward contract to sell euros	CHF	3.3	Swiss francs
	£	1.5	British pounds sterling
	CNY	9.2	Chinese yuan
	HKD	7.0	Hong Kong dollars

Foreign exchange risk on borrowings

The Company enters into derivative transactions to hedge a portion of its exposure to interest rate risk and foreign currency exchange risk related to principal and interest payments on the Term Loan denominated in U.S. dollars (see “Note 17. Borrowings”). The Company also entered into a five-year forward exchange contract by selling $368.5m and receiving USD270.0m as measured on the trade date, to fix the foreign exchange risk on a portion of the term loan borrowings.

The Company recognized the following unrealized losses and gains in the fair value of derivatives designed as hedging instruments in other comprehensive income:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	Net loss	Tax recovery	Net gain	Tax expense	Net gain	Tax expense
	$	$	$	$	$	$
Swaps designated as cash flow hedges	(1.8)	0.3	4.1	(0.8)	13.2	(4.5)

The Company reclassified the following gains and losses from other comprehensive income on derivatives designated as hedging instruments to net interest, finance and other costs:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
(Gain) loss from other comprehensive income	$	$	$
Swaps designated as cash flow hedges	(2.0)	0.5	0.9

During the year ended March 31, 2024, an unrealized loss of $1.3m (April 2, 2023 - unrealized gain of $17.5m, April 3, 2022 - unrealized loss of $4.6m) in the fair value of the long-dated forward exchange contract related to a portion of the Term Loan balance has been recognized in net interest, finance and other costs in the consolidated statements of income.

Interest rate risk

The Company is exposed to interest rate risk related to the effect of interest rate changes on the borrowings outstanding under the Japan Facility, and the Term Loan, which currently bear interest rates at 0.45%, and 8.94%, respectively.

Interest rate risk on the Term Loan is partially mitigated by interest rate swap hedges. The Company entered into five-year interest rate swaps agreements terminating December 31, 2025 to pay fixing interest rate and receiving floating interest rates on notional debt of USD270.0m. Effective June 30, 2023, the floating interest benchmark reference rate contained within the swap agreements were amended from LIBOR to SOFR and the average fixed rates were reduced from 1.97% to 1.76%. These swap agreements fix the interest rate on the USD300.0m Term Loan. Following the amendment, the interest rate swaps continue to be designated and accounted for as cash flow hedges.

Based on the closing balance of outstanding borrowings, a 1.00% increase in the closing interest rate during the year ended March 31, 2024 would have increased interest expense on the Japan Facility and the Term Loan before hedging by $0.1m and $3.9m, respectively (April 2, 2023 - $0.3m, and $3.9m, respectively).

Until the third quarter ended December 31, 2023, the Company calculated interest rate sensitivity on debt facilities using the average balance of the facility and average interest rate in the reporting period. Following the third quarter, and applicable for the fourth quarter and fiscal year ended March 31, 2024, the Company calculated interest rate sensitivity on debt facilities using the closing balance of the facility and the closing interest rate. The Company believes this change provides more relevant information on interest rate sensitivity. The Company has recognized this change as a change in estimates and had adjusted the disclosure prospectively.

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Selected cash flow information

12 Months Ended

Mar. 31, 2024

Cash Flow Information [Abstract]

Selected cash flow information

Selected cash flow information

Changes in non-cash operating items

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Trade receivables	(12.4)	(4.6)	(8.7)
Inventories	27.2	(49.9)	(60.7)
Other current assets	2.8	(9.4)	(3.4)
Accounts payable and accrued liabilities	(9.5)	(16.8)	(8.5)
Provisions	5.2	9.0	3.7
Other	(2.8)	(3.7)	(5.2)
Change in non-cash operating items	10.5	(75.4)	(82.8)

Changes in liabilities and equity arising from financing activities

	Mainland China Facilities	Japan Facility	Revolving Facility	Term Loan	Lease liabilities	Share capital
	$	$	$	$	$	$
April 2, 2023	9.8	13.7	(0.5)	395.7	334.8	118.7
Cash flows:
Mainland China Facilities borrowings	(9.8)	—	—	—	—	—
Japan Facility borrowings	—	(8.3)	—	—	—	—
Term Loan repayments	—	—	—	(4.0)	—	—
Transactions costs on financing activities	—	—	(0.1)	(0.1)	—	—
Normal course issuer bid purchase of subordinate voting shares	—	—	—	—	—	(140.2)
Principal payments on lease liabilities	—	—	—	—	(69.2)	—
Issuance of shares	—	—	—	—	—	0.1
Additions from business combination	—	—	—	—	1.2	—
Non-cash items:
Accrued transaction costs	—	—	(0.7)	—	—	—
Amortization of deferred transaction costs	—	—	0.3	0.2	—	—
Unrealized foreign exchange loss (gain)	—	—	—	0.7	(2.2)	—
Additions and amendments to lease liabilities (note 13)	—	—	—	—	65.9	—
Share purchase charge to retained earnings (note 18)	—	—	—	—	—	122.4
Contributed surplus on share issuances (note 18)	—	—	—	—	—	3.9
March 31, 2024	—	5.4	(1.0)	392.5	330.5	104.9

	Mainland China Facilities	Japan Facility	Revolving Facility	Term Loan	Lease liabilities	Net derivative asset on terminated contracts	Share capital
	$	$	$	$	$	$	$
April 3, 2022	—	—	(0.9)	370.0	250.7	(7.3)	118.5
Cash flows:
Cash inflow from business combination	—	19.4	—	—	3.2	—	—
Mainland China Facilities borrowings	9.8	—	—	—	—	—	—
Japan Facility repayments	—	(5.7)	—	—	—	—	—
Term Loan repayments	—	—	—	(4.0)	—	—	—
Normal course issuer bid purchase of subordinate voting shares	—	—	—	—	—	—	(26.7)
Principal payments on lease liabilities	—	—	—	—	(62.2)	—	—
Settlement of term loan derivative contracts	—	—	—	—	—	8.6	—
Non-cash items:
Amortization of deferred transaction costs	—	—	0.4	0.2	—	—	—
Fair market valuation	—	—	—	—	—	(0.6)	—
Unrealized foreign exchange loss (gain)	—	—	—	29.5	11.5	(0.7)	—
Additions and amendments to lease liabilities (note 13)	—	—	—	—	132.3	—	—
Derecognition on termination of lease liabilities (note 13)	—	—	—	—	(0.7)	—	—
Share purchase charge to retained earnings (note 18)	—	—	—	—	—	—	24.3
Normal course issuer bid purchase of subordinate voting shares held for cancellation (note 18)	—	—	—	—	—	—	(0.1)
Contributed surplus on share issuances (note 18)	—	—	—	—	—	—	2.7
April 2, 2023	9.8	13.7	(0.5)	395.7	334.8	—	118.7

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Subsequent Events

12 Months Ended

Mar. 31, 2024

Disclosure of non-adjusting events after reporting period [abstract]

Subsequent Events

Subsequent Events

Subsequent to the year ended March 31, 2024, the Company and Sazaby League amended the Joint Venture Agreement to extend the period by which the deferred contingent consideration is payable if an agreed cumulative adjusted EBIT target is not reached through the period ended June 30, 2026 to April 2, 2028.

Subsequent to the year ended March 31, 2024, the Company has terminated its trade receivables factoring program.

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Schedule I - Condensed Financial Information of Canada Goose Holdings Inc.

12 Months Ended

Mar. 31, 2024

Consolidated And Separate Financial Statements [Abstract]

Schedule I - Condensed Financial Information of Canada Goose Holdings Inc.

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF

CANADA GOOSE HOLDINGS INC.

(PARENT COMPANY)

All operating activities of Canada Goose Holdings Inc. (the “Parent Company”) are conducted by its subsidiaries. The Parent Company is a holding company and does not have any material assets or conduct business operations other than investments in its subsidiaries. The credit agreement of Canada Goose Inc., a wholly owned subsidiary of the Parent Company, contains provisions whereby Canada Goose Inc. has restrictions on the ability to pay dividends, loan funds and make other upstream distributions to the Parent Company.

These condensed parent company financial statements have been prepared using the same accounting principles and policies described in the notes to the consolidated financial statements. See the consolidated financial statements and notes presented above for additional information and disclosures with respect to these condensed financial statements.

Schedule I – Condensed Statements of Income

(in millions of Canadian dollars)

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Equity in comprehensive income of subsidiary	63.6	97.5	88.6
Fee income from subsidiary	6.9	10.2	10.8
	70.5	107.7	99.4
Selling, general and administration expenses	16.7	16.8	16.9
Net interest, finance and other costs	—	0.5	1.9
Income before income taxes	53.8	90.4	80.6
Income tax recovery	(2.5)	(1.6)	(2.0)
Net income	56.3	92.0	82.6
Attributable to:
Shareholders of the Company	57.8	95.7	82.6
Non-controlling interest	(1.5)	(3.7)	—
Net income	56.3	92.0	82.6

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

Schedule I – Condensed Statements of Financial Position

(in millions of Canadian dollars)

	March 31, 2024	April 2, 2023
		Reclassified
Assets	$	$
Current assets
Cash	—	6.9
Total current assets	—	6.9
Note receivable from subsidiary	92.6	76.4
Investment in subsidiary	408.9	479.8
Deferred income taxes	13.4	10.9
Total assets	514.9	574.0
Liabilities
Current liabilities
Accounts payable and accrued liabilities	1.6	20.1
Due to subsidiary	60.4	44.3
Total current liabilities	62.0	64.4
Other non-current liabilities	29.4	32.1
Total liabilities	91.4	96.5
Equity
Equity attributable to shareholders of the Company	417.0	469.5
Non-controlling interests	6.5	8.0
Total equity	423.5	477.5
Total liabilities and equity	514.9	574.0

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

Schedule I – Condensed Statements of Changes in Equity

(in millions of Canadian dollars)

	Share capital	Contributed surplus	Retained earnings	Total attributable to shareholders	Non-controlling interest	Total
	$	$	$	$	$	$
Balance at March 28, 2021	120.5	25.2	431.9	577.6	—	577.6
Normal course issuer bid purchase of subordinate voting shares	(11.9)	—	(241.3)	(253.2)	—	(253.2)
Issuance of shares	9.9	(2.8)	—	7.1	—	7.1
Net income	—	—	82.6	82.6	—	82.6
Share-based payment	—	14.0	—	14.0	—	14.0
Deferred tax on share-based payment	—	(0.2)	—	(0.2)	—	(0.2)
Balance at April 3, 2022	118.5	36.2	273.2	427.9	—	427.9
Non-controlling interest on business combination	—	—	—	—	11.7	11.7
Put option for non-controlling interest	—	—	(21.2)	(21.2)	—	(21.2)
Normal course issuer bid purchase of subordinate voting shares	(2.4)	—	(24.3)	(26.7)	—	(26.7)
Normal course issuer bid purchase of subordinate voting shares held for cancellation	(0.1)	—	(1.1)	(1.2)	—	(1.2)
Liability to broker under automatic share purchase plan	—	(20.0)	—	(20.0)	—	(20.0)
Issuance of shares	2.7	(2.7)	—	—	—	—
Net income	—	—	95.7	95.7	(3.7)	92.0
Share-based payment	—	15.0	—	15.0	—	15.0
Balance at April 2, 2023	118.7	28.5	322.3	469.5	8.0	477.5
Normal course issuer bid purchase of subordinate voting shares	(17.8)	—	(122.4)	(140.2)	—	(140.2)
Liability to broker under automatic share purchase plan	—	20.0	—	20.0	—	20.0
Issuance of shares	4.0	(3.9)	—	0.1	—	0.1
Net income	—	—	57.8	57.8	(1.5)	56.3
Share-based payment	—	9.8	—	9.8	—	9.8
Balance at March 31, 2024	104.9	54.4	257.7	417.0	6.5	423.5

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

Schedule I – Condensed Statements of Cash Flows

(in millions of Canadian dollars)

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Operating activities
Net income	56.3	92.0	82.6
Items not affecting cash:
Equity in undistributed earnings of subsidiary	(63.6)	(97.5)	(88.6)
Net interest expense	—	0.5	1.9
Income tax recovery	(2.5)	(1.6)	(2.0)
Share-based compensation	9.8	15.0	14.0
	—	8.4	7.9
Changes in assets and liabilities	1.7	(493.5)	(20.2)
Intercompany accounts payable	—	240.0	242.5
Net cash from (used in) operating activities	1.7	(245.1)	230.2
Investing activities
Dividend received	131.5	198.4	—
Investment in shares of subsidiary	—	80.0	—
Net cash from investing activities	131.5	278.4	—
Financing activities
Subordinate voting shares purchased and cancelled under NCIB	(140.2)	(26.7)	(241.3)
Exercise of stock options	0.1	—	7.1
Net cash used in financing activities	(140.1)	(26.7)	(234.2)
(Decrease) increase in cash	(6.9)	6.6	(4.0)
Cash, beginning of year	6.9	0.3	4.3
Cash, end of year	—	6.9	0.3

The accompanying notes to the condensed financial statements are an integral part of these financial statements.

Schedule I – Notes to the Condensed Financial Statements

(in millions of Canadian dollars)

1.BASIS OF PRESENTATION

The Parent Company is a holding company that conducts substantially all of its business operations through its subsidiaries. The Parent Company (a British Columbia corporation) was incorporated on November 21, 2013.

The Parent Company has accounted for the earnings of its subsidiaries under the equity method in these unconsolidated condensed financial statements.

Certain comparative figures have been reclassified to conform with the current year presentation.

2.TRANSACTIONS WITH SUBSIDIARIES

The Parent Company received cash dividends from its consolidated subsidiaries totaling $131.5m during the year ended March 31, 2024, $198.4m dividends were received for the year ended April 2, 2023, and no dividends were received for the year ended April 3, 2022.

3.COMMITMENTS AND CONTINGENCIES

The Parent Company has no material commitments or contingencies during the reported periods.

4.SHAREHOLDERS’ EQUITY

See the Annual Consolidated Financial Statements note 18 Shareholders’ equity during the year ended March 31, 2024.

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Insider Trading Policies and Procedures	12 Months Ended
	Mar. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

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Material accounting policy information (Policies)

12 Months Ended

Mar. 31, 2024

Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]

Statement of compliance

Statement of compliance

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Operating segments

Operating segments

The Company classifies its business in three operating and reportable segments: Direct-to-Consumer (“DTC”), Wholesale, and Other. The DTC segment comprises sales through country-specific e-Commerce platforms available across numerous markets, which includes the newly launched recommerce platform Canada Goose Generations, currently available in the United States and Canada, and our Company-owned retail stores located in luxury shopping locations.

The Wholesale segment comprises sales made to a mix of retailers and international distributors, who are partners that have exclusive rights to an entire market. The Wholesale segment includes the introduction of travel retail in the second quarter of fiscal 2024.

The Other segment comprises revenue and costs that are not related to the Company’s DTC or Wholesale segments, such as sales to employees, friends and family sales, and results from the

newly acquired Paola Confectii business (see "Note 5. Business Combinations" for details and definitions).

Seasonality

Seasonality

Our business is seasonal, and we have historically realized a significant portion of our Wholesale revenue and operating income in the second and third quarters of the fiscal year and DTC revenue and operating income in the third and fourth quarters of the fiscal year. Thus, lower-than-expected revenue in these periods could have an adverse impact on our annual operating results.

Cash flows from operating activities are typically highest in the third and fourth quarters of the fiscal year due to revenue from the DTC segment and the collection of trade receivables from Wholesale revenue earlier in the year. Working capital requirements typically increase as inventory builds. Borrowings have historically increased in the first and second quarters and been repaid in the third quarter of the fiscal year.

Basis of presentation

Basis of presentation

The consolidated financial statements are presented in Canadian dollars, the Company’s functional and presentation currency.

These consolidated financial statements have been prepared on the historical cost basis except for the following items, which are recorded at fair value:

•financial instruments, including derivative financial instruments, at fair value in other comprehensive income and through profit or loss as described in “Note 21. Financial instruments and fair values” and

•initial recognition of assets acquired and liabilities assumed in a business combination.

Certain comparative figures have been reclassified to conform with the current year presentation. Foreign exchange gains and losses related to the outstanding principal balance on the Term Loan, net of hedging, are reflected in the presentation of net interest, finance and other costs as outlined below (see “Note 17. Borrowings” for details and definitions); previously this was presented in SG&A expenses. This change was made to present all financing costs related to the Term Loan within the same financial statement caption in the consolidated statements of income. For the year ended April 2, 2023 and April 3, 2022, the Company reclassified foreign exchange losses of $12.1m and $2.8m, respectively. This reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year.

As at March 31, 2024, the Company amended the allocation basis for certain SG&A expenses between the operating segments to provide more relevant information on financial performance of each operating segment. The reclassification did not impact net income, earnings per share, or the consolidated statements of financial position in the comparative year. Comparative figures have been reclassified to conform with the current year presentation.

Principles of consolidation

Principles of consolidation

The consolidated financial statements include the accounts of Canada Goose Holdings Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.

Foreign currency translation and transactions

Foreign currency translation and transactions

The functional currency of each of the Company’s subsidiaries is the currency of the primary economic environment in which each entity operates. The assets and liabilities of subsidiaries whose functional currency is not the Canadian dollar are translated into the functional currency of the Company using the exchange rate at the reporting date. Revenues and expenses are translated at exchange rates prevailing at the transaction date. The resulting foreign exchange translation differences are recorded as a currency translation adjustment in other comprehensive income.

Foreign currency transactions are translated into the functional currency of each of the Company’s subsidiaries using the exchange rates prevailing at the date of the transactions or valuation when items are remeasured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the changes at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in the statements of income in SG&A expenses, except when included in other comprehensive income for qualifying cash flow and net investment hedges.

    Functional currency of subsidiary

Each entity within the Company determines its functional currency based on the primary economic environment in which the entity operates. Once an entity's functional currency is determined, it is not changed unless there is a change to the underlying transactions, events, and conditions that determine the entity's primary economic environment.

Revenue recognition

Revenue recognition

Revenue comprises DTC, Wholesale and Other segment revenues. Revenue is measured at the amount of consideration to which the Company expects to be entitled in exchange for the sale of goods in the ordinary course of the Company’s activities. Revenue is presented net of sales tax, estimated returns, sales allowances, and discounts. The Company recognizes revenue when the Company has agreed terms with its customers, the contractual rights and payment terms have been identified, the contract has commercial substance, it is probable that consideration will be collected by the Company, and when control of the goods is transferred to the customer.

It is the Company’s policy to sell merchandise through the DTC channel with a limited right of return, typically within 30 days. Accumulated experience is used to estimate and provide for such returns.

Business combination

Business combination

Acquisitions of businesses are accounted for using the acquisition method as of the acquisition date, which is the date when control is transferred to the Company. The consideration transferred in a business combination is measured at fair value, calculated as the sum of the acquisition date fair values of the assets transferred, liabilities incurred by the Company, and the equity interests issued by the Company in exchange for control of the acquiree. Transaction costs that the Company incurs in connection with a business combination are recognized in the statements of income as incurred.

Goodwill is measured as the excess of the sum of the fair value of the consideration transferred over the net of the acquisition date amounts of the identifiable assets acquired and the liabilities assumed.

When the consideration transferred in a business combination includes contingent consideration, the contingent consideration is measured at its acquisition date fair value. Contingent consideration is remeasured at subsequent reporting dates at its fair value, and the resulting gain or loss recognized in the statements of income.

Non-controlling interest

Non-controlling interest

Non-controlling interest is measured based on the proportionate share of the acquiree's identifiable net assets. Transactions with non-controlling interests are treated as transactions with equity owners of the Company. Changes in the Company's ownership interest are accounted for as equity transactions.

Earnings per share

Earnings per share

Basic earnings per share is calculated by dividing net income attributable to ordinary equity holders by the weighted average number of multiple and subordinate voting shares outstanding during the year.

Diluted earnings per share is calculated by dividing net income attributable to ordinary equity holders of the Company by the weighted average number of multiple and subordinate voting shares outstanding during the year plus the weighted average number of subordinate shares that would be issued on the exercise of stock options and settlement of restricted share units (“RSUs”) and performance share units (“PSUs”).

Income taxes

Income taxes

Current and deferred income taxes are recognized in the statements of income, except when it relates to a business combination, or items recognized in equity or in other comprehensive income.

Current income tax

Current income tax is the expected income tax payable or receivable on the taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to income tax payable in respect of previous years.

Deferred income tax

Deferred income tax is provided using the liability method for temporary differences at the reporting date between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred income tax is measured using enacted or substantively enacted income tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. A deferred tax asset is recognized for unused income tax losses and credits to the extent that it is probable that future taxable income will be available against which they can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable income will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.

Deferred income tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current income tax assets against current income tax liabilities and the deferred tax relates to the same taxable entity and the same taxation authority.

Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future.

As disclosed in Note 4. Changes in accounting policies, the Company has applied the mandatory exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two rules in accordance with amendments to IAS 12 Income Taxes.

Deferred income tax

Deferred income tax

Deferred income tax is provided using the liability method for temporary differences at the reporting date between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

Deferred income tax is measured using enacted or substantively enacted income tax rates expected to apply in the years in which those temporary differences are expected to be recovered or settled. A deferred tax asset is recognized for unused income tax losses and credits to the extent that it is probable that future taxable income will be available against which they can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable income will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.

Deferred income tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in other comprehensive income or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current income tax assets against current income tax liabilities and the deferred tax relates to the same taxable entity and the same taxation authority.

Deferred income tax is provided on temporary differences arising on investments in subsidiaries, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future.

As disclosed in Note 4. Changes in accounting policies, the Company has applied the mandatory exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two rules in accordance with amendments to IAS 12 Income Taxes.

Cash

Cash

Cash consists of cash and cash equivalents, including cash on hand, deposits in banks, and short-term deposits with maturities of less than three months. The Company uses the indirect method of reporting cash flows from operating activities.

Trade receivables

Trade receivables

Trade receivables, including credit card receivables, consist of amounts owing on product sales where we have extended credit to customers, and are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less expected credit loss and sales allowances. The allowance for expected credit losses is recorded against trade receivables and is based on historical experience.

Inventories

Inventories

Raw materials, work-in-process, and finished goods are valued at the lower of cost and net realizable value. Cost is determined using the weighted average cost method. The cost of work-in-process and finished goods inventories include the cost of raw materials and an applicable share of the cost of labour and fixed and variable production overhead costs, including the depreciation of property, plant and equipment used in the production of finished goods, design costs, and other costs incurred to bring the inventories to their present location and condition.

The Company estimates net realizable value as the amount at which inventories are expected to be sold, taking into consideration fluctuations in selling prices due to seasonality, less estimated costs necessary to complete the sale.

Inventories are written down to net realizable value when the cost of inventories is estimated to be unrecoverable due to obsolescence, damage, or declining selling prices. Inventory is adjusted to reflect estimated loss (“shrinkage”) incurred since the last inventory count. Shrinkage is based on historical experience. When circumstances that previously caused inventories to be written down below cost no longer exist or when there is clear evidence of an increase in realizable value, the amount of the write-down previously recorded is reversed.

Storage costs, indirect administrative overhead and certain selling costs related to inventories are expensed in the period that these costs are incurred.

Property, plant and equipment

Property, plant and equipment

Property, plant and equipment is stated at cost, net of accumulated depreciation and any accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset, including costs incurred to prepare the asset for its intended use and capitalized borrowing costs, when the recognition criteria are met. The commencement date for capitalization of costs occurs when the Company first incurs expenditures for the qualifying assets and undertakes the required activities to prepare the assets for their intended use.

Property, plant and equipment assets are depreciated on a straight-line basis over their estimated useful lives when the assets are available for use. When significant parts of a fixed asset have different useful lives, they are accounted for as separate components and depreciated separately. Depreciation methods and useful lives are reviewed annually and are adjusted for prospectively, if appropriate. Estimated useful lives are as follows:

Asset Category	Estimated Useful Life
Plant equipment (except moulds)	10 years
Footwear moulds	5 years
Computer equipment	3 years
Leasehold improvements	Lesser of the lease term or useful life of the asset
Show displays	5 years
Furniture and fixtures	5 to 10 years

An item of property, plant and equipment and any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset, calculated as the difference between the net disposal proceeds and the carrying amount of the asset, is included in the statements of income when the asset is derecognized.

The cost of repairs and maintenance of property, plant and equipment is expensed as incurred and recognized in the statements of income.

Property, plant and equipment are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Impairment losses are recorded in the statements of income.

Intangible assets

Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. The cost of an intangible asset acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets with finite lives are carried at cost less any accumulated amortization and any accumulated impairment losses.

The useful lives of intangible assets are assessed as either finite or indefinite.

Asset Category	Estimated Useful Life
Brand name	Indefinite
Domain name	Indefinite
Software	5 to 7 years
Intellectual property	1 to 8 years
Customer lists (Canada Goose)	10 years
Customer lists (Paola Confectii SRL)	4 years
Distribution rights	10 years

In connection with the acquisition of the business of Paola Confectii SRL during fiscal 2024 (See “Note 5. Business combinations” for more details), identifiable intangible assets acquired consist of the customer list and brand.

Intangible assets with indefinite useful lives consists of the Canada Goose, Baffin, and Paola Confectii SRL brand names, as well as the Canada Goose and Baffin domain names, which were acquired as part of an acquisition and were recorded at their estimated fair value. The brand names and domain name are considered to have an indefinite life based on a history of revenue and cash flow performance, and the intent and ability of the Company to support the brand with spending to maintain its value for the foreseeable future. The brand names and domain name are tested at least annually for impairment, at the cash-generating unit (“CGU”) level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is made on a prospective basis.

Intangible assets with finite lives are amortized over the useful economic life on a straight-line basis. The amortization period and the amortization method for an intangible

asset with a finite useful life are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in the statements of income over the asset’s estimated useful life.

An intangible asset is derecognized on disposal or when no future economic benefits are expected from its use. Gains or losses arising from the derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are included in the statements of income when the asset is derecognized.

Intangible assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Any resulting impairment loss is recorded in the statements of income.

Leases

Leases

The Company recognizes a right-of-use asset and a lease liability based on the present value of the future lease payments at the commencement date. The commencement date is when the lessor makes the leased asset available for use by the Company, typically the possession date. The discount rate used in the present value calculation for lease payments is the incremental borrowing rate, if the rate implicit in the lease is not readily determinable, for each leased asset or portfolio of leased assets with similar characteristics by reference to the Company’s creditworthiness, the security, term and value of the underlying leased asset, and the economic environment in which the leased asset operates. The lease term is determined as the non-cancellable periods of a lease, together with periods covered by a renewal option if the Company is reasonably certain to exercise that option and a termination option if the Company is reasonably certain not to exercise that option.

Leases of low-value assets and short-term leases are not included in the calculation of lease liabilities. These lease expenses are recognized in cost of sales or SG&A expenses on a straight-line or other systematic basis.

    Lease liabilities

Lease liabilities are measured at the present value of future lease payments, discounted using the Company’s incremental borrowing rates, and include the fixed payments, variable lease payments that depend on an index or a rate, less any lease incentives receivable. Subsequent to initial measurement, the Company measures lease liabilities at amortized cost using the effective interest rate method. Lease liabilities are remeasured when there are changes to the lease payments, lease term, assessment of an option to purchase the underlying asset, expected residual value guarantee, or future lease payments due to a change in the index or rate tied to the payment.

    Right-of-use assets

Right-of-use assets are measured at the initial amount of the lease liabilities, lease payments made at or before the commencement date less any lease incentives received, initial direct costs, if any, and decommissioning costs to restore the site to the

condition required by the terms and conditions of the lease, and net of accumulated impairment losses. Subsequent to initial measurement, the Company applies the cost model to the right-of-use assets and measures the asset at cost less any accumulated depreciation, accumulated impairment losses in accordance with IAS 36, Impairment of Assets and any remeasurements of the lease liabilities. Assets are depreciated from the commencement date on a straight-line basis over the earlier of the end of the assets’ useful lives or the end of the lease terms.

Right-of-use assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication exists, the asset is then tested for impairment by comparing its recoverable amount to its carrying value. Impairment losses are recorded in the statements of income.

Goodwill

Goodwill

Goodwill represents the difference between the purchase price of an acquired business and the Company’s share of the net identifiable assets acquired and liabilities assumed and any contingent liabilities assumed. It is initially recorded at cost and subsequently measured at cost less any accumulated impairment losses.

For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to CGUs based on the lowest level within the entity in which the goodwill is monitored for internal management purposes. The allocation is made to the CGUs that are expected to benefit from the business combination in which the goodwill arose. Any potential impairment of goodwill is identified by comparing the recoverable amount of a CGU to its carrying value. An impairment loss is recognized if the carrying amount of CGU exceeds its recoverable amount. Any loss identified is first applied to reduce the carrying amount of goodwill allocated to the CGU, and then to reduce the carrying amounts of the remaining assets in the CGU on a pro-rata basis. The Company tests goodwill for impairment annually at the reporting date.

The recoverable amount of a CGU is the higher of the estimated fair value less costs of disposal or value-in-use of the CGU. In assessing the recoverable amount, the estimated future cash flows are discounted using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.

The Company has determined that there are 12 CGUs, 11 for which goodwill contributes to the cash flows (April 2, 2023 - 11 CGUs, 10 for which goodwill contributed to the cash flows). The increase in CGUs from the comparative period is attributable to the Paola Confectii acquisition which represents an additional CGU. No other changes were made to the existing CGUs from the previous year. See “Note 5. Business combinations” for more details.

Provisions

Provisions

Provisions are recognized when the Company has a present obligation, legal or constructive, as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Where the Company expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the statements of income net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized in the statements of income.

The provision for warranty returns relates to the Company’s obligation for defective goods sold to customers that have yet to be returned for exchange or repair. Accruals for warranty returns are estimated on the basis of historical returns and are recorded so as to allocate them to the same period the corresponding revenue is recognized.

Fair values

Fair values

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

•in the principal market for the asset or liability, or

•in the absence of a principal market, in the most advantageous market for the asset or liability.

The Company uses valuation techniques that it believes are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

Level 2: inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: unobservable inputs for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.

For the purpose of fair value disclosures, the Company determines classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

There was no change in the valuation techniques applied to financial instruments during all periods presented. The following table describes the valuation techniques used in the determination of the fair values of financial instruments:

Type	Valuation Approach
Cash, trade receivables, accounts payable and accrued liabilities	The carrying amount approximates fair value due to the short term maturity of these instruments.
Derivatives (included in other current assets, other long-term assets, accounts payable and accrued liabilities or other long-term liabilities)	Specific valuation techniques used to value derivative financial instruments include: - quoted market prices or dealer quotes for similar instruments; - observable market information as well as valuations determined by external valuators with experience in the financial markets.
Revolving Facility, Term Loan, Mainland China Facilities, and Japan Facility	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised. Subsequent changes in the present value of the amount that could be required to be paid at each reporting date are recorded with the statements of income until the put option is exercised or expires.
Contingent consideration	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate. Subsequent changes in the fair value is recognized in the statements of income.
Earn-Out included in other long-term liabilities	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. Subsequent changes in the fair value are recognized in the statements of income.

Financial instruments

Financial instruments

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities classified at fair value through profit or loss) are added to, or deducted from, the fair value of the financial

assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities classified at fair value through profit or loss are recognized immediately in profit or loss.

Financial assets and financial liabilities are measured subsequently as described below.

i)Non-derivative financial assets

Non-derivative financial assets include cash and trade receivables which are measured at amortized cost. The Company initially recognizes receivables and deposits on the date that they are originated. The Company derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred.

ii)Non-derivative financial liabilities

Non-derivative financial liabilities include accounts payable, accrued liabilities, the Revolving Facility (as defined below), the Term Loan (as defined below), the Mainland China Facilities (as defined below), and the Japan Facility (as defined below). The Company initially recognizes debt instruments on the date that they are originated. All other financial liabilities are recognized initially on the trade date on which the Company becomes a party to the contractual provisions of the instrument. Financial liabilities are recognized initially at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these financial liabilities are measured at amortized cost using the effective interest method. The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled or expire.

In respect of non-controlling interests, a financial liability is recognized for the put option based on the present value of the amount expected to be paid to the non-controlling shareholder if exercised. Subsequently, the put option liability is adjusted to reflect changes in the present value of the amount that could be required to be paid at each reporting date, with fluctuations being recorded within the statements of income, until it is exercised or expires. The put option is measured at fair value through profit or loss.

iii)Derivative financial instruments

Derivatives are initially recognized at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The method of recognizing the resulting gain or loss depends on whether the derivative is designated and effective as a hedging instrument. When a derivative financial instrument, including an embedded derivative, is not designated and effective in a qualifying hedge relationship, all changes in its fair value are recognized immediately in the statements of income; attributable transaction costs are recognized in the statements of income as incurred. The Company does not use derivatives for trading or speculative purposes.

Embedded derivatives are separated from a host contract and accounted for separately if the economic characteristics and risks of the host contract and the embedded derivative are not closely related.

iv)Hedge accounting

The Company is exposed to the risk of currency fluctuations and has entered into currency derivative contracts to hedge its exposure on the basis of planned transactions. Where hedge accounting is applied, the criteria are documented at the inception of the hedge and updated at each reporting date. The Company documents the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking the hedging transactions. The Company also documents its assessment, at hedge inception and on an ongoing basis, of whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of hedged items.

The fair value of a hedging derivative is classified as a current asset or liability when the maturity of the hedged item is less than 12 months, and as a non-current asset or liability when the maturity of the hedged item is more than 12 months.

The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognized, net of tax, in other comprehensive income. The gain or loss relating to the ineffective portion is recognized immediately in the statements of income. Amounts accumulated in other comprehensive income are transferred to the statements of income in the periods when the hedged item affects net income. When a forecasted transaction that is hedged results in the recognition of a non-financial asset or liability, such as inventory, the amounts are included in the measurement of the cost of the related asset or liability. The deferred amounts are ultimately recognized in the statements of income.

Hedges of net investments are accounted for similarly to cash flow hedges, with unrealized gains and losses recognized, net of tax, in other comprehensive income. Amounts included in other comprehensive income are transferred to the statements of income in the period when the foreign operation is disposed of or sold.

Share-based payments

Share-based payments

Share-based payments are valued based on the grant date fair value of these awards and the Company records compensation expense over the corresponding service period. The fair value of the share-based payments is determined using acceptable valuation techniques.

The Company has issued stock options to purchase subordinate voting shares, RSUs, and PSUs under its equity incentive plans, prior to the public offering on March 21, 2017 (the “Legacy Plan”) and subsequently (the “Omnibus Plan”). All Legacy Plan options have fully vested or been cancelled prior to the year ended March 31, 2024. Under the terms of the Omnibus Plan, options are granted to certain executives of the Company with vesting, generally over four years, contingent upon meeting the service conditions of the Omnibus Plan. The compensation expense related to the options, RSUs, and PSUs is recognized ratably over the requisite service period, provided it is probable that the

vesting conditions will be achieved and the occurrence of the exit event, if applicable, is probable.

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Material accounting policy information (Tables)

12 Months Ended

Mar. 31, 2024

Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]

Schedule of Useful Lives of Property, Plant and Equipment

Estimated useful lives are as follows:

Asset Category	Estimated Useful Life
Plant equipment (except moulds)	10 years
Footwear moulds	5 years
Computer equipment	3 years
Leasehold improvements	Lesser of the lease term or useful life of the asset
Show displays	5 years
Furniture and fixtures	5 to 10 years

The following table presents changes in the cost and the accumulated depreciation on the Company’s property, plant and equipment:

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Cost	$	$	$	$	$	$	$
April 3, 2022	30.9	12.8	125.1	9.4	34.8	4.1	217.1
Additions	—	0.9	8.8	—	2.2	63.3	75.2
Additions from business combinations (note 5)	—	—	0.9	—	0.3	—	1.2
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Transfers	1.1	1.5	15.5	1.6	1.6	(21.3)	—
Impact of foreign currency translation	—	0.2	2.1	0.4	1.0	0.4	4.1
April 2, 2023	32.0	15.3	151.4	11.4	39.8	46.5	296.4
Additions	0.2	1.9	11.5	0.2	3.7	42.9	60.4
Additions from business combinations (note 5)	2.4	0.1	0.1	—	—	—	2.6
Disposals	(0.1)	(0.3)	(6.4)	(1.0)	(1.1)	(0.1)	(9.0)
Transfers	2.9	4.4	70.4	(0.4)	7.7	(85.0)	—
Impact of foreign currency translation	(0.1)	(0.1)	(1.8)	0.1	(0.4)	(0.2)	(2.5)
March 31, 2024	37.3	21.3	225.2	10.3	49.7	4.1	347.9

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Accumulated depreciation	$	$	$	$	$	$	$
April 3, 2022	12.1	9.3	53.9	7.3	20.3	—	102.9
Depreciation	3.2	2.7	23.1	1.1	7.3	—	37.4
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	0.2	(0.1)	0.3	0.7	—	1.1
April 2, 2023	15.3	12.1	76.1	8.7	28.2	—	140.4
Depreciation	3.7	3.4	30.2	1.2	6.9	—	45.4
Disposals	(0.1)	(0.2)	(6.4)	(1.0)	(1.0)	—	(8.7)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	—	(1.0)	—	(0.2)	—	(1.2)
March 31, 2024	18.9	15.3	99.1	8.9	33.9	—	176.1
Net book value
April 2, 2023	16.7	3.2	75.3	2.7	11.6	46.5	156.0
March 31, 2024	18.4	6.0	126.1	1.4	15.8	4.1	171.8

Schedule of Useful Lives of Intangible Assets

The useful lives of intangible assets are assessed as either finite or indefinite.

Asset Category	Estimated Useful Life
Brand name	Indefinite
Domain name	Indefinite
Software	5 to 7 years
Intellectual property	1 to 8 years
Customer lists (Canada Goose)	10 years
Customer lists (Paola Confectii SRL)	4 years
Distribution rights	10 years

Intangible assets comprise the following:

	March 31, 2024	April 2, 2023
	$	$
Intangible assets with finite lives	18.3	19.3
Intangible assets with indefinite lives:
Brand name	116.5	115.5
Domain name	0.3	0.3
	135.1	135.1

The following table presents the changes in cost and accumulated amortization of the Company’s intangible assets with finite lives:

	Intangible assets with finite lives
	Software	Intellectual property	Customer lists	Distribution rights	Total
Cost	$	$	$	$	$
April 3, 2022	8.5	18.2	—	—	26.7
Additions	1.8	0.1	—	—	1.9
Additions from business combinations (note 5)	—	—	7.7	7.2	14.9
April 2, 2023	10.3	18.3	7.7	7.2	43.5
Additions	0.8	0.1	—	—	0.9
Additions from business combinations (note 5)	—	—	3.5	—	3.5
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	(0.1)	0.1	(0.7)	(0.9)	(1.6)
March 31, 2024	10.9	18.5	10.5	6.3	46.2

	Software	Intellectual property	Customer lists	Distribution rights	Total
Accumulated amortization	$	$	$	$	$
April 3, 2022	3.6	16.7	—	—	20.3
Amortization	1.8	0.7	0.7	0.7	3.9
April 2, 2023	5.4	17.4	0.7	0.7	24.2
Amortization	1.8	0.5	0.8	0.7	3.8
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	—	—	0.1	(0.1)	—
March 31, 2024	7.1	17.9	1.6	1.3	27.9
Net book value
April 2, 2023	4.9	0.9	7.0	6.5	19.3
March 31, 2024	3.8	0.6	8.9	5.0	18.3

Schedule of Valuation Techniques Used in Determining Fair Value of Financial Instruments

The following table describes the valuation techniques used in the determination of the fair values of financial instruments:

Type	Valuation Approach
Cash, trade receivables, accounts payable and accrued liabilities	The carrying amount approximates fair value due to the short term maturity of these instruments.
Derivatives (included in other current assets, other long-term assets, accounts payable and accrued liabilities or other long-term liabilities)	Specific valuation techniques used to value derivative financial instruments include: - quoted market prices or dealer quotes for similar instruments; - observable market information as well as valuations determined by external valuators with experience in the financial markets.
Revolving Facility, Term Loan, Mainland China Facilities, and Japan Facility	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised. Subsequent changes in the present value of the amount that could be required to be paid at each reporting date are recorded with the statements of income until the put option is exercised or expires.
Contingent consideration	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate. Subsequent changes in the fair value is recognized in the statements of income.
Earn-Out included in other long-term liabilities	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments. Subsequent changes in the fair value are recognized in the statements of income.

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Business combinations (Tables)

12 Months Ended

Mar. 31, 2024

Disclosure of detailed information about business combination [abstract]

Schedule of Assets and Liabilities Assumed in Business Combination

The aggregate purchase consideration for the business combination is as follows:

	$
Cash	16.4
Working capital adjustments	(0.5)
Total purchase consideration	15.9

Assets acquired and liabilities assumed have been recorded at the date of acquisition as follows:

	$
Assets acquired
Trade receivables	7.2
Inventories	1.6
Prepaid expenses	0.1
Property, plant and equipment	2.6
Intangible assets
Customer list	3.5
Brand	1.0
Right-of-use assets	1.2
Goodwill	8.3
Accounts payable and accrued liabilities	(8.4)
Lease liability	(1.2)
Total assets acquired, net of liabilities assumed	15.9

Assets acquired and liabilities assumed have been recorded based on the final valuation of their fair values at the date of acquisition as follows:

	$
Assets acquired
Cash	5.4
Inventories	27.3
Property, plant and equipment	1.2
Intangible assets	14.9
Right-of-use assets	3.3
Goodwill	10.8
Other assets	2.4
	65.3
Liabilities assumed
Bank loan	19.4
Lease liabilities	3.2
Warranty provision	0.3
	22.9
Total identifiable net assets acquired	42.4
Less: Deferred tax liability	(8.1)
Less: Non-controlling interests	(11.7)
Net assets acquired	22.6
Consideration
Cash paid	2.6
Contingent consideration	20.0
Total purchase consideration	22.6
Cash consideration paid	(2.6)
Plus: Cash balance acquired	5.4
Net cash inflow on business combination	2.8

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Segment information (Tables)

12 Months Ended

Mar. 31, 2024

Disclosure of operating segments [abstract]

Schedule of Operating Segments

The following table presents key performance information of the Company’s reportable operating segments:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Revenue
DTC	950.7	807.3	740.4
Wholesale	312.3	373.8	348.5
Other	70.8	35.9	9.5
Total segment revenue	1,333.8	1,217.0	1,098.4
Operating income (loss)		Reclassified	Reclassified
DTC	387.1	347.4	322.9
Wholesale	114.0	131.2	121.5
Other	14.0	10.5	4.1
Total segment operating income	515.1	489.1	448.5

The following table reconciles the Company’s reportable total segment operating income to income before income taxes:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Total segment operating income	515.1	489.1	448.5
Corporate expenses	(390.6)	(341.5)	(289.0)
Total operating income	124.5	147.6	159.5
Net interest, finance and other costs	48.8	54.1	41.8
Income before incomes taxes	75.7	93.5	117.7

The following table summarizes depreciation and amortization in SG&A expenses of each reportable operating segment and depreciation and amortization included in corporate expenses:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Depreciation and amortization expense
DTC	96.5	81.6	78.1
Wholesale	3.9	3.9	2.3
Other	—	—	—
Total segment depreciation and amortization expense	100.4	85.5	80.4
Corporate expenses	15.8	14.9	8.3
Total depreciation and amortization expense	116.2	100.4	88.7

Schedule of Geographical Areas

The Company determines the geographic location of revenue based on the location of its customers.

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Canada	246.3	241.0	213.1
United States	324.6	340.2	305.9
North America	570.9	581.2	519.0
Greater China1	422.2	287.3	288.8
Asia Pacific (excluding Greater China1)	84.7	66.9	38.3
Asia Pacific	506.9	354.2	327.1
EMEA2	256.0	281.6	252.3
Total revenue	1,333.8	1,217.0	1,098.4

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

The Company’s non-current, non-financial assets (comprising of property, plant and equipment, intangible assets and right-of-use assets) are geographically located as follows:

	Year ended
	March 31, 2024	April 2, 2023
	$	$
Canada	222.1	232.9
United States	140.7	111.7
North America	362.8	344.6
Greater China1	63.6	73.6
Asia Pacific (excluding Greater China1)	34.1	33.1
Asia Pacific	97.7	106.7
EMEA2	126.2	131.6
Non-current, non-financial assets	586.7	582.9

1.Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan.

2.EMEA comprises Europe, the Middle East, Africa, and Latin America.

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Income taxes (Tables)

12 Months Ended

Mar. 31, 2024

Income taxes paid (refund) [abstract]

Schedule of Major Components of Tax Expense (Income)

The components of the provision for income tax are as follows:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
Current income tax expense	$	$	$
Current period	15.4	44.0	35.6
Adjustment in respect of prior periods	9.5	(1.9)	(0.4)
	24.9	42.1	35.2
Deferred income tax recovery
Origination and reversal of temporary differences	(0.8)	(18.5)	(11.9)
Effect of change in income tax rates	(0.2)	(0.6)	—
Adjustment in respect of prior periods	(6.3)	1.6	(0.2)
	(7.3)	(17.5)	(12.1)
Income tax expense	17.6	24.6	23.1

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rates differ from the weighted average basic Canadian federal and provincial statutory income tax rates for the following reasons:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	$		$		$
Income before income taxes	75.7		93.5		117.7
Expected Statutory Rate	25.5	%	25.3	%	25.4	%
Income tax at expected statutory rate	19.3		23.7		29.8
Non-deductible (taxable) items	(0.1)		0.8		(0.8)
Non-deductible stock option expense	1.7		3.0		2.9
Effect of foreign tax rates	(10.3)		(10.0)		(14.6)
Non-deductible (taxable) remeasurement of contingent consideration and put option	1.4		2.4		—
Non-deductible (taxable) foreign exchange loss (gain)	0.9		1.4		0.2
Change in tax rates	(0.2)		(0.4)		0.1
Change in deferred tax asset not recognized	1.7		4.1		6.1
Adjustments in respect of prior years	3.2		(0.4)		(0.6)
Income tax expense	17.6		24.6		23.1

Schedule of Components and Changes in Deferred Tax Assets and Liabilities

The change in the year in the components of deferred tax assets and liabilities are as follows:

		Change in the year affecting
	April 2, 2023	Net income	Foreign exchange translation	Other comprehensive income (loss)	March 31, 2024
	$	$	$	$	$
Losses carried forward	11.5	15.5	—	—	27.0
Employee future benefits	0.1	—	—	0.1	0.2
Other liabilities	1.9	5.0	0.8	—	7.7
Inventory capitalization	6.8	(4.2)	—	—	2.6
Capital lease	9.3	3.0	—	—	12.3
Tax relief from Swiss tax reform	7.6	(5.9)	—	—	1.7
Unrealized profit in inventory	36.9	(1.6)	0.1	—	35.4
Provisions and other temporary differences	7.6	0.4	—	—	8.0
Total deferred tax asset	81.7	12.2	0.9	0.1	94.9
Unrealized foreign exchange	(3.1)	0.7	—	(0.3)	(2.7)
Intangible assets	(18.8)	(0.8)	—	—	(19.6)
Property, plant and equipment	(8.7)	(4.8)	—	—	(13.5)
Total deferred tax liabilities	(30.6)	(4.9)	—	(0.3)	(35.8)
Net deferred tax assets (liabilities)	51.1	7.3	0.9	(0.2)	59.1

The change in deferred tax assets and liabilities as presented in the statement of financial position are as follows:

		Changes in the year affecting
	April 2, 2023	Net income	Foreign exchange translation	Other comprehensive loss	March 31, 2024
	$	$	$	$	$
Deferred tax assets	67.5	8.8	0.2	(0.2)	76.3
Deferred tax liabilities	(16.4)	(1.5)	0.7	—	(17.2)
	51.1	7.3	0.9	(0.2)	59.1

Schedule of Tax Loss Carryforwards

The corporate entities within the Company have the following tax-loss carry-forwards that are expected to expire in the following years, if not utilized.

	$
2040 and prior	13.1
2041	8.8
2042	8.5
2043	7.5
2044	8.1
	46.0

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Earnings per share (Tables)

12 Months Ended

Mar. 31, 2024

Earnings per share [abstract]

Schedule of Earnings per Share

The following table presents details for the calculation of basic and diluted earnings per share:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	$		$		$
Net income attributable to shareholders of the Company	58.4		72.7		94.6
Weighted average number of multiple and subordinate voting shares outstanding	100,816,758		105,058,643		108,296,802
Weighted average number of shares on exercise of stock options, RSUs and PSUs1	1,006,315		563,669		857,919
Diluted weighted average number of multiple and subordinate voting shares outstanding	101,823,073		105,622,312		109,154,721
Earnings per share attributable to shareholders of the Company
Basic	$	0.58	$	0.69	$	0.87
Diluted	$	0.57	$	0.69	$	0.87

1    Subordinate voting shares issuable on exercise of stock options are not treated as dilutive if including them would decrease the loss per share, or if the weighted average daily closing share price for the period was greater than the exercise price. As at March 31, 2024, there were 3,904,366 shares (April 2, 2023 - 2,231,231 shares, April 3, 2022 - 1,475,545 shares) that were not taken into account in the calculation of diluted earnings per share because their effect was anti-dilutive.

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Trade receivables (Tables)

12 Months Ended

Mar. 31, 2024

Subclassifications of assets, liabilities and equities [abstract]

Schedule of Net Trade Receivables

	March 31, 2024	April 2, 2023
	$	$
Trade accounts receivable	57.1	30.4
Credit card receivables	3.7	2.5
Other receivables	12.3	19.5
	73.1	52.4
Less: expected credit loss and sales allowances	(2.7)	(1.5)
Trade receivables	70.4	50.9

Schedule of Allowance for Expected Credit Losses and Sales Allowances

The following are the continuities of the Company’s expected credit loss and sales allowances deducted from trade receivables:

	March 31, 2024			April 2, 2023
	Expected credit loss	Sales allowances	Total	Expected credit loss	Sales allowances	Total
	$	$	$	$	$	$
Balance at the beginning of the year	(0.4)	(1.1)	(1.5)	(0.3)	(0.8)	(1.1)
Losses recognized	(1.8)	—	(1.8)	(0.1)	(0.3)	(0.4)
Amounts settled or written off during the year	0.1	0.5	0.6	—	—	—
Balance at the end of the year	(2.1)	(0.6)	(2.7)	(0.4)	(1.1)	(1.5)

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Inventories (Tables)

12 Months Ended

Mar. 31, 2024

Inventories [Abstract]

Schedule of Inventories

	March 31, 2024	April 2, 2023
	$	$
Raw materials	48.4	60.3
Work in progress	25.8	17.5
Finished goods	371.0	394.8
Total inventories at the lower of cost and net realizable value	445.2	472.6

Schedule of Breakdown of Provision for Obsolescence

The breakdown of the provision for obsolescence is presented as follows:

	March 31, 2024	April 2, 2023
	$	$
Raw material shrink reserves	0.1	0.2
Finished goods shrink reserves	0.9	0.4
Raw material obsolete inventory reserves	22.1	20.5
Finished goods obsolete inventory reserves	37.7	22.1
Provision for obsolescence	60.8	43.2

Schedule of Cost of Sales

Amounts charged to cost of sales comprise the following:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Cost of goods manufactured	405.5	392.1	350.1
Depreciation and amortization included in costs of sales	10.9	9.7	14.7
Cost of sales	416.4	401.8	364.8

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Property, plant and equipment (Tables)

12 Months Ended

Mar. 31, 2024

Property, plant and equipment [abstract]

Schedule of Property, Plant and Equipment

Estimated useful lives are as follows:

Asset Category	Estimated Useful Life
Plant equipment (except moulds)	10 years
Footwear moulds	5 years
Computer equipment	3 years
Leasehold improvements	Lesser of the lease term or useful life of the asset
Show displays	5 years
Furniture and fixtures	5 to 10 years

The following table presents changes in the cost and the accumulated depreciation on the Company’s property, plant and equipment:

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Cost	$	$	$	$	$	$	$
April 3, 2022	30.9	12.8	125.1	9.4	34.8	4.1	217.1
Additions	—	0.9	8.8	—	2.2	63.3	75.2
Additions from business combinations (note 5)	—	—	0.9	—	0.3	—	1.2
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Transfers	1.1	1.5	15.5	1.6	1.6	(21.3)	—
Impact of foreign currency translation	—	0.2	2.1	0.4	1.0	0.4	4.1
April 2, 2023	32.0	15.3	151.4	11.4	39.8	46.5	296.4
Additions	0.2	1.9	11.5	0.2	3.7	42.9	60.4
Additions from business combinations (note 5)	2.4	0.1	0.1	—	—	—	2.6
Disposals	(0.1)	(0.3)	(6.4)	(1.0)	(1.1)	(0.1)	(9.0)
Transfers	2.9	4.4	70.4	(0.4)	7.7	(85.0)	—
Impact of foreign currency translation	(0.1)	(0.1)	(1.8)	0.1	(0.4)	(0.2)	(2.5)
March 31, 2024	37.3	21.3	225.2	10.3	49.7	4.1	347.9

	Plant equipment	Computer equipment	Leasehold improvements	Show displays	Furniture and fixtures	In progress	Total
Accumulated depreciation	$	$	$	$	$	$	$
April 3, 2022	12.1	9.3	53.9	7.3	20.3	—	102.9
Depreciation	3.2	2.7	23.1	1.1	7.3	—	37.4
Disposals	—	(0.1)	(1.0)	—	(0.1)	—	(1.2)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	0.2	(0.1)	0.3	0.7	—	1.1
April 2, 2023	15.3	12.1	76.1	8.7	28.2	—	140.4
Depreciation	3.7	3.4	30.2	1.2	6.9	—	45.4
Disposals	(0.1)	(0.2)	(6.4)	(1.0)	(1.0)	—	(8.7)
Impairment losses	—	—	0.2	—	—	—	0.2
Impact of foreign currency translation	—	—	(1.0)	—	(0.2)	—	(1.2)
March 31, 2024	18.9	15.3	99.1	8.9	33.9	—	176.1
Net book value
April 2, 2023	16.7	3.2	75.3	2.7	11.6	46.5	156.0
March 31, 2024	18.4	6.0	126.1	1.4	15.8	4.1	171.8

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Intangible assets (Tables)

12 Months Ended

Mar. 31, 2024

Intangible assets other than goodwill [abstract]

Schedule of Intangible Assets and Changes of Intangible Assets with Finite Lives

The useful lives of intangible assets are assessed as either finite or indefinite.

Asset Category	Estimated Useful Life
Brand name	Indefinite
Domain name	Indefinite
Software	5 to 7 years
Intellectual property	1 to 8 years
Customer lists (Canada Goose)	10 years
Customer lists (Paola Confectii SRL)	4 years
Distribution rights	10 years

Intangible assets comprise the following:

	March 31, 2024	April 2, 2023
	$	$
Intangible assets with finite lives	18.3	19.3
Intangible assets with indefinite lives:
Brand name	116.5	115.5
Domain name	0.3	0.3
	135.1	135.1

The following table presents the changes in cost and accumulated amortization of the Company’s intangible assets with finite lives:

	Intangible assets with finite lives
	Software	Intellectual property	Customer lists	Distribution rights	Total
Cost	$	$	$	$	$
April 3, 2022	8.5	18.2	—	—	26.7
Additions	1.8	0.1	—	—	1.9
Additions from business combinations (note 5)	—	—	7.7	7.2	14.9
April 2, 2023	10.3	18.3	7.7	7.2	43.5
Additions	0.8	0.1	—	—	0.9
Additions from business combinations (note 5)	—	—	3.5	—	3.5
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	(0.1)	0.1	(0.7)	(0.9)	(1.6)
March 31, 2024	10.9	18.5	10.5	6.3	46.2

	Software	Intellectual property	Customer lists	Distribution rights	Total
Accumulated amortization	$	$	$	$	$
April 3, 2022	3.6	16.7	—	—	20.3
Amortization	1.8	0.7	0.7	0.7	3.9
April 2, 2023	5.4	17.4	0.7	0.7	24.2
Amortization	1.8	0.5	0.8	0.7	3.8
Disposals	(0.1)	—	—	—	(0.1)
Impact of foreign currency translation	—	—	0.1	(0.1)	—
March 31, 2024	7.1	17.9	1.6	1.3	27.9
Net book value
April 2, 2023	4.9	0.9	7.0	6.5	19.3
March 31, 2024	3.8	0.6	8.9	5.0	18.3

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Leases (Tables)

12 Months Ended

Mar. 31, 2024

Leases, Assets And Liabilities [Abstract]

Schedule of Changes in Right-of-Use Assets

The following table presents changes in the cost and the accumulated depreciation of the Company’s right-of-use assets:

	Retail stores	Manufacturing facilities	Other	Total
Cost	$	$	$	$
April 3, 2022	296.3	36.7	17.4	350.4
Additions	82.8	8.2	39.6	130.6
Additions from business combinations (note 5)	1.5	—	1.8	3.3
Lease modifications	2.4	—	—	2.4
Derecognition on termination	(1.8)	—	(1.0)	(2.8)
Impact of foreign currency translation	15.5	—	0.6	16.1
April 2, 2023	396.7	44.9	58.4	500.0
Additions	29.8	0.2	2.7	32.7
Additions from business combinations (note 5)	—	1.2	—	1.2
Lease modifications	31.9	—	1.8	33.7
Derecognition on termination	(5.1)	(2.1)	(1.8)	(9.0)
Impact of foreign currency translation	(3.0)	—	(0.2)	(3.2)
March 31, 2024	450.3	44.2	60.9	555.4

	Retail stores	Manufacturing facilities	Other	Total
Accumulated depreciation	$	$	$	$
April 3, 2022	110.1	15.2	9.9	135.2
Depreciation	55.5	5.4	7.2	68.1
Derecognition on termination	(1.2)	—	(1.0)	(2.2)
Impairment losses	0.8	—	—	0.8
Impact of foreign currency translation	5.9	—	0.4	6.3
April 2, 2023	171.1	20.6	16.5	208.2
Depreciation	63.8	5.5	7.3	76.6
Derecognition on termination	(5.1)	(2.1)	(1.8)	(9.0)
Impairment losses	1.0	—	—	1.0
Impact of foreign currency translation	(1.1)	—	(0.1)	(1.2)
March 31, 2024	229.7	24.0	21.9	275.6
Net book value
April 2, 2023	225.6	24.3	41.9	291.8
March 31, 2024	220.6	20.2	39.0	279.8

Schedule of Changes in and Classification of Lease Liabilities

The following table presents the changes in the Company's lease liabilities:

	Retail stores	Manufacturing facilities	Other	Total
	$	$	$	$
April 3, 2022	217.2	24.8	8.7	250.7
Additions	82.1	8.2	39.6	129.9
Additions from business combinations (note 5)	1.5	—	1.7	3.2
Lease modifications	2.4	—	—	2.4
Derecognition on termination	(0.7)	—	—	(0.7)
Principal payments	(54.5)	(5.3)	(2.4)	(62.2)
Impact of foreign currency translation	11.2	—	0.3	11.5
April 2, 2023	259.2	27.7	47.9	334.8
Additions	29.7	0.2	2.3	32.2
Additions from business combinations (note 5)	—	1.2	—	1.2
Lease modifications	31.9	—	1.8	33.7
Principal payments	(63.0)	(5.3)	(0.9)	(69.2)
Impact of foreign currency translation	(2.1)	—	(0.1)	(2.2)
March 31, 2024	255.7	23.8	51.0	330.5

Lease liabilities are classified as current and non-current liabilities as follows:

	Retail stores	Manufacturing facilities	Other	Total
	$	$	$	$
Current lease liabilities	64.7	6.1	5.3	76.1
Non-current lease liabilities	194.5	21.6	42.6	258.7
April 2, 2023	259.2	27.7	47.9	334.8
Current lease liabilities	65.8	6.3	7.8	79.9
Non-current lease liabilities	189.9	17.5	43.2	250.6
March 31, 2024	255.7	23.8	51.0	330.5

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Goodwill (Tables)

12 Months Ended

Mar. 31, 2024

Intangible assets and goodwill [abstract]

Schedule of Changes in Goodwill

Goodwill arising from business combinations is as follows:

	March 31, 2024	April 2, 2023
	$	$
Opening balance	63.9	53.1
Business combination (note 5)	8.3	10.8
Impact of foreign currency translation	(1.4)	—
Goodwill	70.8	63.9

Disclosure of Goodwill Allocation by Cash-Generating Units

The following table outlines the goodwill allocation for the applicable CGUs for the current year:

	March 31, 2024	April 2, 2023
	$	$
North America DTC - Retail	11.7	11.7
North America DTC - e-Commerce	6.6	6.6
North America Wholesale	5.7	5.7
Asia Pacific DTC - Retail	9.8	9.8
Asia Pacific DTC - e-Commerce	2.6	2.6
Asia Pacific Wholesale	3.6	3.6
EMEA1 DTC - Retail	4.3	4.3
EMEA1 DTC - e-Commerce	2.8	2.8
EMEA1 Wholesale	6.0	6.0
Japan Joint Venture2	9.4	10.8
Paola Confectii	8.3	—
Goodwill	70.8	63.9

1EMEA comprises Europe, the Middle East, Africa, and Latin America.

2Goodwill for the Japan Joint Venture is JPY1,059.3m; year-over-year movement in the balance in Canadian Dollars is due to the impact of foreign exchange translation from JPY to CAD of $1.4m.

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Accounts payables and accrued liabilities (Tables)

12 Months Ended

Mar. 31, 2024

Subclassifications of assets, liabilities and equities [abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:

	March 31, 2024	April 2, 2023
	$	$
Trade payables	57.6	60.1
Accrued liabilities	73.5	82.4
Employee benefits	38.6	21.9
Derivative financial instruments	1.9	3.3
ASPP liability (note 18)	—	20.0
Other payables	6.1	7.9
Accounts payable and accrued liabilities	177.7	195.6

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Provisions (Tables)

12 Months Ended

Mar. 31, 2024

Provisions [abstract]

Schedule of Reconciliation of Provisions

	Warranty	Sales returns	Asset retirement obligations	Total
	$	$	$	$
April 3, 2022	29.2	12.9	7.7	49.8
Additional provisions recognized	7.6	10.8	4.1	22.5
Reductions resulting from settlement	(6.4)	(7.5)	—	(13.9)
Release of provisions	—	(1.3)	—	(1.3)
Other	—	0.7	0.3	1.0
April 2, 2023	30.4	15.6	12.1	58.1
Additional provisions recognized	6.6	20.8	2.6	30.0
Reductions resulting from settlement	(6.8)	(16.9)	—	(23.7)
Release of provisions	—	(0.7)	(0.1)	(0.8)
Other	0.1	—	(0.3)	(0.2)
March 31, 2024	30.3	18.8	14.3	63.4

Schedule of Current and Non-Current Provisions

Provisions are classified as current and non-current liabilities based on management’s expectation of the timing of settlement, as follows:

	March 31, 2024	April 2, 2023
	$	$
Current provisions	26.1	21.6
Non-current provisions	37.3	36.5
Provisions	63.4	58.1

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Borrowings (Tables)

12 Months Ended

Mar. 31, 2024

Borrowings [abstract]

Schedule of Term Loan

The amount outstanding with respect to the Term Loan is as follows:

	March 31, 2024	April 2, 2023
	$	$
Term Loan	393.1	396.3
Unamortized portion of deferred transaction costs	(0.6)	(0.6)
Term Loan, net of unamortized deferred transaction costs	392.5	395.7

Schedule of Net Interest and Other Finance Costs

Net interest, finance and other costs consist of the following:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
		Reclassified	Reclassified
Interest expense
Mainland China Facilities	0.9	0.5	0.4
Japan Facility	0.1	0.1	—
Revolving Facility	2.8	1.1	1.8
Term Loan	19.9	18.8	17.4
Lease liabilities	17.7	11.6	9.1
Standby fees	1.2	1.8	0.9
Acceleration of unamortized costs on debt extinguishment	—	—	9.5
Foreign exchange losses on Term Loan net of hedges	2.1	12.1	2.8
Fair value remeasurement on the put option liability (note 21)	1.6	10.9	—
Fair value remeasurement on the contingent consideration (note 21)	2.8	(2.9)	—
Interest income	(1.3)	(0.9)	(0.4)
Other costs	1.0	1.0	0.3
Net interest, finance and other costs	48.8	54.1	41.8

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Shareholders' equity (Tables)

12 Months Ended

Mar. 31, 2024

Share Capital, Reserves And Other Equity Interest [Abstract]

Schedule of Transactions Affecting Issued and Outstanding Share Capital

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
April 2, 2023	51,004,076	1.4	53,184,912	117.3	104,188,988	118.7
Purchase of subordinate voting shares	—	—	(7,855,007)	(17.8)	(7,855,007)	(17.8)
Total share purchases	—	—	(7,855,007)	(17.8)	(7,855,007)	(17.8)
Exercise of stock options	—	—	64,058	0.2	64,058	0.2
Settlement of RSUs	—	—	134,475	3.8	134,475	3.8
Total share issuances	—	—	198,533	4.0	198,533	4.0
March 31, 2024	51,004,076	1.4	45,528,438	103.5	96,532,514	104.9

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
April 3, 2022	51,004,076	1.4	54,190,432	117.1	105,194,508	118.5
Purchase of subordinate voting shares	—	—	(1,103,102)	(2.4)	(1,103,102)	(2.4)
Purchase of subordinate voting shares held for cancellation	—	—	(49,700)	(0.1)	(49,700)	(0.1)
Total share purchases	—	—	(1,152,802)	(2.5)	(1,152,802)	(2.5)
Exercise of stock options	—	—	60,248	—	60,248	—
Settlement of RSUs	—	—	87,034	2.7	87,034	2.7
Total share issuances	—	—	147,282	2.7	147,282	2.7
April 2, 2023	51,004,076	1.4	53,184,912	117.3	104,188,988	118.7

The transactions affecting the issued and outstanding share capital of the Company are described below:

	Multiple voting shares		Subordinate voting shares		Total
	Number	$	Number	$	Number	$
March 28, 2021	51,004,076	1.4	59,435,079	119.1	110,439,155	120.5
Purchase of subordinate voting shares	—	—	(5,636,763)	(11.9)	(5,636,763)	(11.9)
Total share purchases	—	—	(5,636,763)	(11.9)	(5,636,763)	(11.9)
Exercise of stock options	—	—	342,148	8.5	342,148	8.5
Settlement of RSUs	—	—	49,968	1.4	49,968	1.4
Total share issuances	—	—	392,116	9.9	392,116	9.9
April 3, 2022	51,004,076	1.4	54,190,432	117.1	105,194,508	118.5

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Share-based payments (Tables)

12 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangements [Abstract]

Schedule of Stock Option, RSU and PSU Transactions

Stock option transactions are as follows:

	Year ended
	March 31, 2024			April 2, 2023
	Weighted average exercise price		Number of shares	Weighted average exercise price		Number of shares
Options outstanding, beginning of period	$	36.58	4,055,199	$	42.99	2,722,690
Granted to purchase shares	$	19.77	1,278,211	$	24.63	1,580,506
Exercised	$	1.61	(64,058)	$	0.23	(60,248)
Cancelled	$	28.83	(660,575)	$	40.66	(187,749)
Options outstanding, end of period	$	33.51	4,608,777	$	36.58	4,055,199

RSUs transactions are as follows:

	Year ended
	March 31, 2024	April 2, 2023
	Number of shares	Number of shares
RSUs outstanding, beginning of period	318,082	215,590
Granted	438,814	209,187
Settled	(134,475)	(87,034)
Cancelled	(141,903)	(19,661)
RSUs outstanding, end of period	480,518	318,082

PSUs transactions are as follows:

	Year ended
	March 31, 2024	April 2, 2023
	Number of shares	Number of shares
PSUs outstanding, beginning of period	—	—
Granted	399,349	—
Cancelled	(56,424)	—
PSUs outstanding, end of period	342,925	—

Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at March 31, 2024:

	Options Outstanding		Options Exercisable
Exercise price	Number	Weighted average remaining life in years	Number	Weighted average remaining life in years
$0.02	15,434	0.0	15,434	0.0
$1.79	44,307	0.8	44,307	0.8
$8.94	122,221	2.8	122,221	2.8
$14.29	2,565	9.6	—	0.0
$16.21	519,884	9.9	—	0.0
$22.24	611,798	9.1	—	0.0
$23.64	42,576	3.4	42,576	3.4
$23.77	12,285	8.2	3,072	8.2
$24.64	1,169,619	7.9	322,809	7.2
$30.73	48,730	3.0	48,730	3.0
$31.79	35,622	3.6	35,622	3.6
$33.97	635,096	5.8	462,427	5.6
$45.34	33,708	4.0	33,708	4.0
$48.93	541,197	6.9	284,064	6.6
$50.00	250,000	6.2	187,500	6.2
$63.03	359,157	4.8	359,157	4.8
$83.53	164,578	3.8	164,578	3.8
	4,608,777	7.0	2,126,205	5.3

Schedule of Assumptions Used to Measure Fair Value of Options Granted

The assumptions used to measure the fair value of options granted under the Black-Scholes option pricing model at the grant date were as follows:

	Year ended
	March 31, 2024			April 2, 2023
Weighted average stock price valuation	$	19.77		$	24.63
Weighted average exercise price	$	19.77		$	24.63
Risk-free interest rate	4.09		%	2.52		%
Expected life in years	5.4			5.0
Expected dividend yield	—		%	—		%
Volatility	40		%	40		%
Weighted average fair value of options issued	$	6.82		$	7.86

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Related party transactions (Tables)

12 Months Ended

Mar. 31, 2024

Related party transactions [abstract]

Schedule of Transactions between Related Parties

Key management consists of the Board of Directors, the Chairman and Chief Executive Officer and the executives who report directly to the Chairman and Chief Executive Officer.

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Short term employee benefits	10.8	10.1	12.5
Long term employee benefits	0.2	0.1	0.1
Termination benefits	1.0	—	—
Share-based compensation	7.3	11.2	11.5
Compensation expense	19.3	21.4	24.1

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Financial instruments and fair values (Tables)

12 Months Ended

Mar. 31, 2024

Financial Instruments And Fair Value Measurement [Abstract]

Schedule of Fair Value Measurement

The following table gives information about how the fair values of these financial assets and financial liabilities are determined, in particular, the valuation technique(s) and inputs used.

Financial assets/ financial liabilities	Fair value hierarchy	Valuation technique(s) and key input(s)
Foreign currency forward contracts	Level 2	Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Foreign currency and interest rate swap contracts	Level 2	Future cash flows are estimated based on forward exchange rates (from observable forward exchange and interest swap rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties.
Revolving Facility, Term Loan and Japan Facility	Level 2	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Mainland China Facilities	Level 3	The fair value is based on the present value of contractual cash flows, discounted at the Company’s current incremental borrowing rate for similar types of borrowing arrangements or, where applicable, market rates.
Put option liability	Level 3	The fair value is based on the present value of the amount expected to be paid to the non-controlling shareholder if the put option is exercised.
Contingent consideration	Level 3	The fair value of the applicable contingent consideration is determined based on the estimated financial outcome and the resulting expected contingent consideration to be paid, discounted using an appropriate rate.
Earn-Out (note 5)	Level 3	The fair value is based on a pre-determined percentage of net equity value of Paola Confectii SRL, determined as a multiple of EBITDA and EBITDA margin for the fiscal year ending March 30, 2025, subject to a floor, less net debt adjustments.

Schedule of Fair Value Measurement of Assets

The following table presents the fair values and fair value hierarchy of the Company’s financial instruments and excludes financial instruments carried at amortized cost that are short-term in nature, where fair value approximates carrying values:

	March 31, 2024					April 2, 2023
	Level 1	Level 2	Level 3	Carrying value	Fair value	Level 1	Level 2	Level 3	Carrying value	Fair value
	$	$	$	$	$	$	$	$	$	$
Financial assets
Derivatives included in other current assets	—	15.1	—	15.1	15.1	—	12.4	—	12.4	12.4
Derivatives included in other long-term assets	—	6.9	—	6.9	6.9	—	12.4	—	12.4	12.4
Financial liabilities
Derivatives included in accounts payable and accrued liabilities	—	1.9	—	1.9	1.9	—	3.3	—	3.3	3.3
Mainland China Facilities	—	—	—	—	—	—	—	9.8	9.8	9.8
Japan Facility	—	5.4	—	5.4	5.4	—	13.7	—	13.7	13.7
Term Loan	—	392.5	—	392.5	389.2	—	395.7	—	395.7	433.1
Derivatives included in other long-term liabilities	—	5.3	—	5.3	5.3	—	6.0	—	6.0	6.0
Put option liability included in other long-term liabilities	—	—	29.4	29.4	29.4	—	—	32.1	32.1	32.1
Contingent consideration included in other long-term liabilities	—	—	17.7	17.7	17.7	—	—	16.8	16.8	16.8
Earn-Out included in other long-term liabilities (note 5)	—	—	1.5	1.5	1.5	—	—	—	—	—

Schedule of Fair Value Measurement of Liabilities

The following table presents the fair values and fair value hierarchy of the Company’s financial instruments and excludes financial instruments carried at amortized cost that are short-term in nature, where fair value approximates carrying values:

	March 31, 2024					April 2, 2023
	Level 1	Level 2	Level 3	Carrying value	Fair value	Level 1	Level 2	Level 3	Carrying value	Fair value
	$	$	$	$	$	$	$	$	$	$
Financial assets
Derivatives included in other current assets	—	15.1	—	15.1	15.1	—	12.4	—	12.4	12.4
Derivatives included in other long-term assets	—	6.9	—	6.9	6.9	—	12.4	—	12.4	12.4
Financial liabilities
Derivatives included in accounts payable and accrued liabilities	—	1.9	—	1.9	1.9	—	3.3	—	3.3	3.3
Mainland China Facilities	—	—	—	—	—	—	—	9.8	9.8	9.8
Japan Facility	—	5.4	—	5.4	5.4	—	13.7	—	13.7	13.7
Term Loan	—	392.5	—	392.5	389.2	—	395.7	—	395.7	433.1
Derivatives included in other long-term liabilities	—	5.3	—	5.3	5.3	—	6.0	—	6.0	6.0
Put option liability included in other long-term liabilities	—	—	29.4	29.4	29.4	—	—	32.1	32.1	32.1
Contingent consideration included in other long-term liabilities	—	—	17.7	17.7	17.7	—	—	16.8	16.8	16.8
Earn-Out included in other long-term liabilities (note 5)	—	—	1.5	1.5	1.5	—	—	—	—	—

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Financial risk management objectives and policies (Tables)

12 Months Ended

Mar. 31, 2024

Financial Risk Management [Abstract]

Schedule of Contractual Undiscounted Future Cash Flow Requirements

The following table summarizes the amount of contractual undiscounted future cash flow requirements as at March 31, 2024:

	2025	2026	2027	2028	2029	Thereafter	Total
	$	$	$	$	$	$	$
Accounts payable and accrued liabilities	177.7	—	—	—	—	—	177.7
Japan Facility	5.4	—	—	—	—	—	5.4
Term Loan	4.0	4.1	4.1	380.9	—	—	393.1
Interest commitments relating to borrowings1	35.2	35.2	35.2	17.5	—	—	123.1
Lease obligations	92.0	75.8	66.3	42.1	32.5	81.6	390.3
Pension obligation	—	—	—	—	—	1.8	1.8
Total contractual obligations	314.3	115.1	105.6	440.5	32.5	83.4	1,091.4

1    Interest commitments are calculated based on the loan balance and the interest rate payable on the Japan Facility and the Term Loan of 0.45% and 8.94% respectively, as at March 31, 2024.

Schedule of Aging of Trade Receivables

The aging of trade receivables was as follows:

			Past due
	Total	Current	< 30 days	31-60 days	> 61 days
	$	$	$	$	$
Trade accounts receivable	57.1	33.5	10.0	5.1	8.5
Credit card receivables	3.7	3.7	—	—	—
Other receivables	12.3	11.8	0.3	—	0.2
March 31, 2024	73.1	49.0	10.3	5.1	8.7
Trade accounts receivable	30.4	22.2	4.4	1.1	2.7
Credit card receivables	2.5	2.5	—	—	—
Other receivables	19.5	18.9	0.5	—	0.1
April 2, 2023	52.4	43.6	4.9	1.1	2.8

Schedule of Unrealized Gains (Losses) in Fair Value of Derivatives in Other Comprehensive Income

The Company recognized the following unrealized gains and losses in the fair value of derivatives designated as cash flow hedges in other comprehensive income:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	Net gain	Tax recovery	Net loss	Tax recovery	Net loss	Tax expense
	$	$	$	$	$	$
Forward foreign exchange contracts designated as cash flow hedges	1.3	0.1	(3.7)	0.9	(4.5)	(0.1)

The Company recognized the following unrealized losses and gains in the fair value of derivatives designed as hedging instruments in other comprehensive income:

	Year ended
	March 31, 2024		April 2, 2023		April 3, 2022
	Net loss	Tax recovery	Net gain	Tax expense	Net gain	Tax expense
	$	$	$	$	$	$
Swaps designated as cash flow hedges	(1.8)	0.3	4.1	(0.8)	13.2	(4.5)

Schedule of Losses (Gains) Reclassified from Other Comprehensive Income on Derivatives to the Consolidated Financial Statements

The Company reclassified the following losses and gains from other comprehensive income on derivatives designated as cash flow hedges to locations in the consolidated financial statements described below:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
Loss (gain) from other comprehensive income	$	$	$
Forward foreign exchange contracts designated as cash flow hedges
Revenue	1.8	5.5	3.9
SG&A expenses	(0.4)	0.1	(0.4)
Inventory	0.5	0.8	(0.9)

The Company reclassified the following gains and losses from other comprehensive income on derivatives designated as hedging instruments to net interest, finance and other costs:

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
(Gain) loss from other comprehensive income	$	$	$
Swaps designated as cash flow hedges	(2.0)	0.5	0.9

Schedule of Foreign Currency Forward Exchange Contracts

Foreign currency forward exchange contracts outstanding as at March 31, 2024 related to operating cash flows were:

(in millions)	Aggregate Amounts		Currency
Forward contract to purchase Canadian dollars	USD	62.1	U.S. dollars
	€	89.3	euros
	¥	2,085.8	Japanese yen
Forward contract to sell Canadian dollars	USD	22.4	U.S. dollars
	€	40.1	euros
Forward contract to purchase euros	CNY	525.4	Chinese yuan
	£	25.5	British pounds sterling
	HKD	32.9	Hong Kong dollars
	CHF	0.1	Swiss francs
Forward contract to sell euros	CHF	3.3	Swiss francs
	£	1.5	British pounds sterling
	CNY	9.2	Chinese yuan
	HKD	7.0	Hong Kong dollars

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Selected cash flow information (Tables)

12 Months Ended

Mar. 31, 2024

Cash Flow Information [Abstract]

Schedule of Changes in Non-Cash Operating Items

Changes in non-cash operating items

	Year ended
	March 31, 2024	April 2, 2023	April 3, 2022
	$	$	$
Trade receivables	(12.4)	(4.6)	(8.7)
Inventories	27.2	(49.9)	(60.7)
Other current assets	2.8	(9.4)	(3.4)
Accounts payable and accrued liabilities	(9.5)	(16.8)	(8.5)
Provisions	5.2	9.0	3.7
Other	(2.8)	(3.7)	(5.2)
Change in non-cash operating items	10.5	(75.4)	(82.8)

Schedule of Changes in Liabilities and Equity Arising from Financing Activities

Changes in liabilities and equity arising from financing activities

	Mainland China Facilities	Japan Facility	Revolving Facility	Term Loan	Lease liabilities	Share capital
	$	$	$	$	$	$
April 2, 2023	9.8	13.7	(0.5)	395.7	334.8	118.7
Cash flows:
Mainland China Facilities borrowings	(9.8)	—	—	—	—	—
Japan Facility borrowings	—	(8.3)	—	—	—	—
Term Loan repayments	—	—	—	(4.0)	—	—
Transactions costs on financing activities	—	—	(0.1)	(0.1)	—	—
Normal course issuer bid purchase of subordinate voting shares	—	—	—	—	—	(140.2)
Principal payments on lease liabilities	—	—	—	—	(69.2)	—
Issuance of shares	—	—	—	—	—	0.1
Additions from business combination	—	—	—	—	1.2	—
Non-cash items:
Accrued transaction costs	—	—	(0.7)	—	—	—
Amortization of deferred transaction costs	—	—	0.3	0.2	—	—
Unrealized foreign exchange loss (gain)	—	—	—	0.7	(2.2)	—
Additions and amendments to lease liabilities (note 13)	—	—	—	—	65.9	—
Share purchase charge to retained earnings (note 18)	—	—	—	—	—	122.4
Contributed surplus on share issuances (note 18)	—	—	—	—	—	3.9
March 31, 2024	—	5.4	(1.0)	392.5	330.5	104.9

	Mainland China Facilities	Japan Facility	Revolving Facility	Term Loan	Lease liabilities	Net derivative asset on terminated contracts	Share capital
	$	$	$	$	$	$	$
April 3, 2022	—	—	(0.9)	370.0	250.7	(7.3)	118.5
Cash flows:
Cash inflow from business combination	—	19.4	—	—	3.2	—	—
Mainland China Facilities borrowings	9.8	—	—	—	—	—	—
Japan Facility repayments	—	(5.7)	—	—	—	—	—
Term Loan repayments	—	—	—	(4.0)	—	—	—
Normal course issuer bid purchase of subordinate voting shares	—	—	—	—	—	—	(26.7)
Principal payments on lease liabilities	—	—	—	—	(62.2)	—	—
Settlement of term loan derivative contracts	—	—	—	—	—	8.6	—
Non-cash items:
Amortization of deferred transaction costs	—	—	0.4	0.2	—	—	—
Fair market valuation	—	—	—	—	—	(0.6)	—
Unrealized foreign exchange loss (gain)	—	—	—	29.5	11.5	(0.7)	—
Additions and amendments to lease liabilities (note 13)	—	—	—	—	132.3	—	—
Derecognition on termination of lease liabilities (note 13)	—	—	—	—	(0.7)	—	—
Share purchase charge to retained earnings (note 18)	—	—	—	—	—	—	24.3
Normal course issuer bid purchase of subordinate voting shares held for cancellation (note 18)	—	—	—	—	—	—	(0.1)
Contributed surplus on share issuances (note 18)	—	—	—	—	—	—	2.7
April 2, 2023	9.8	13.7	(0.5)	395.7	334.8	—	118.7

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The Company (Details)	12 Months Ended
	Mar. 31, 2024 segment
Corporate information and statement of IFRS compliance [abstract]
Proportion of total outstanding shares owned by principal shareholder	52.80%
Proportion of voting shares owned by principal shareholder	91.80%
Proportion of total outstanding shares owned by public markets	47.20%
Proportion of voting shares owned by public markets	8.20%
Number of operating segments	3
Number of reportable segments	3

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Material accounting policy information - Basis of Presentation (Details) - CAD ($) $ in Millions	12 Months Ended
	Apr. 02, 2023	Apr. 03, 2022
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]
Foreign exchange loss	$ 12.1	$ 2.8

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Material accounting policy information - Revenue Recognition (Details)	12 Months Ended
	Mar. 31, 2024
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue recognition, return period	30 days
DTC
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenue recognition, return period	30 days

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Material accounting policy information - Schedule of Useful Lives of Property, Plant and Equipment (Details)	12 Months Ended
	Mar. 31, 2024
Plant equipment (except moulds)
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life	10 years
Footwear moulds
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life	5 years
Computer equipment
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life	3 years
Show displays
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life	5 years
Furniture and fixtures | Minimum
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life	5 years
Furniture and fixtures | Maximum
Disclosure of detailed information about property, plant and equipment [line items]
Estimated Useful Life	10 years

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Material accounting policy information - Schedule of Useful Lives of Intangible Assets (Details)	12 Months Ended
	Mar. 31, 2024
Software | Minimum
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	5 years
Software | Maximum
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	7 years
Intellectual property | Minimum
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	1 year
Intellectual property | Maximum
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	8 years
Customer Lists
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	10 years
Customer Lists | Paola Confectii
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	4 years
Distribution rights
Disclosure of intangible assets with indefinite useful life [line items]
Useful life measured as period of time, intangible assets other than goodwill	10 years

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Material accounting policy information - Goodwill (Details) - cashGeneratingUnit	Mar. 31, 2024	Apr. 02, 2023
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]
Number of cash generating units	12	11
Number of cash generating units that contribute to cash flows	11	10

XML

Material accounting policy information - Share-Based Payments (Details)	12 Months Ended
	Mar. 31, 2024
Performance-based options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period	4 years

XML

Significant accounting judgments, estimates, and assumptions (Details) - cashGeneratingUnit	Mar. 31, 2024	Apr. 02, 2023
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]
Number of cash generating units that contribute to cash flows	11	10

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Business combinations - Narrative (Details) ¥ in Millions, $ in Millions			12 Months Ended
	Nov. 01, 2023 CAD ($)	Apr. 04, 2022 CAD ($)	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 CAD ($)	Apr. 03, 2022 CAD ($)	Apr. 04, 2022 JPY (¥)
Disclosure of detailed information about business combination [line items]
Goodwill			$ 70.8	$ 63.9	$ 53.1
Net cash inflow on business combination			(15.9)	2.8	0.0
Paola Confectii
Disclosure of detailed information about business combination [line items]
Total purchase consideration	$ 16.4
Acquisition-related costs			0.8
Goodwill	8.3
Total purchase consideration	$ 15.9
Contingent liabilities recognised in business combination			$ 7.4
Contingent liabilities recognised in business combination, period			2 years
Paola Confectii | Customer-related intangible assets
Disclosure of detailed information about business combination [line items]
Useful life measured as period of time, intangible assets other than goodwill	4 years
Intangible assets	$ 3.5
Paola Confectii | Brand name
Disclosure of detailed information about business combination [line items]
Intangible assets	$ 1.0
Canada Goose Japan, K.K.
Disclosure of detailed information about business combination [line items]
Percentage of voting equity interests acquired		50.00%				50.00%
Cash transferred		$ (2.6)				¥ (250.0)
Contingent consideration recognised as of acquisition date		20.0				1,958.9
Total purchase consideration		22.6				2,208.9
Acquisition-related costs				1.3	$ 0.7
Goodwill		10.8		$ 10.8
Useful life measured as period of time, intangible assets other than goodwill				10 years
Revenue of acquiree since acquisition date				$ 54.0
Profit (loss) of acquiree since acquisition date				$ 1.0
Proportion of ownership interests held by non-controlling interests				50.00%
Put option, period				6 months
Put option for non-controlling interest		21.2				¥ 2,076.4
Net cash inflow on business combination		2.8
Intangible assets		$ 14.9		$ 14.9

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Business combinations - Schedule of Assets and Liabilities Acquired Paola Confectii (Details) - CAD ($) $ in Millions	Nov. 01, 2023	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of detailed information about business combination [line items]
Goodwill		$ 70.8	$ 63.9	$ 53.1
Paola Confectii
Disclosure of detailed information about business combination [line items]
Total purchase consideration	$ 16.4
Working capital adjustments	(0.5)
Total purchase consideration	15.9
Trade receivables	7.2
Inventories	1.6
Prepaid expenses	0.1
Property, plant and equipment	2.6
Contingent liabilities recognised in business combination, period		2 years
Right-of-use assets	1.2
Goodwill	8.3
Accounts payable and accrued liabilities	(8.4)
Lease liabilities	(1.2)
Total identifiable net assets acquired	15.9
Paola Confectii | Customer-related intangible assets
Disclosure of detailed information about business combination [line items]
Intangible assets	3.5
Paola Confectii | Brand
Disclosure of detailed information about business combination [line items]
Intangible assets	$ 1.0

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Business combinations - Schedule of Assets and Liabilities Assumed in Sazaby League Business Combination (Details) ¥ in Millions, $ in Millions		12 Months Ended
	Apr. 04, 2022 CAD ($)	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 CAD ($)	Apr. 03, 2022 CAD ($)	Apr. 04, 2022 JPY (¥)
Assets acquired
Goodwill		$ 70.8	$ 63.9	$ 53.1
Consideration
Net cash (outflow) inflow from business combination		$ (15.9)	2.8	$ 0.0
Canada Goose Japan, K.K.
Assets acquired
Cash	$ 5.4
Inventories	27.3
Property, plant and equipment	1.2
Intangible assets	14.9		14.9
Right-of-use assets	3.3
Goodwill	10.8		$ 10.8
Other assets	2.4
Assets acquired	65.3
Liabilities assumed
Bank loan	19.4
Lease liabilities	3.2
Warranty provision	0.3
Liabilities assumed	22.9
Total identifiable net assets acquired	42.4
Less: Deferred tax liability	(8.1)
Less: Non-controlling interests	(11.7)
Net assets acquired	22.6
Consideration
Cash transferred	2.6				¥ 250.0
Contingent consideration recognised as of acquisition date	20.0				1,958.9
Total purchase consideration	22.6				¥ 2,208.9
Net cash (outflow) inflow from business combination	$ 2.8

XML

Segment information - Narrative (Details)	12 Months Ended
	Mar. 31, 2024 segment
Disclosure of operating segments [abstract]
Number of reportable segments	3

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Segment information - Schedule of Operating Segments (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of operating segments [line items]
Revenue	$ 1,333.8	$ 1,217.0	$ 1,098.4
Operating income	124.5	147.6	159.5
Net interest, finance and other costs	48.8	54.1	41.8
Income before income taxes	75.7	93.5	117.7
Depreciation and amortisation expense	116.2	100.4	88.7
Operating segments
Disclosure of operating segments [line items]
Operating income	515.1	489.1	448.5
Depreciation and amortisation expense	100.4	85.5	80.4
Corporate expenses
Disclosure of operating segments [line items]
Operating income	(390.6)	(341.5)	(289.0)
Depreciation and amortisation expense	15.8	14.9	8.3
DTC
Disclosure of operating segments [line items]
Revenue	950.7	807.3	740.4
DTC | Operating segments
Disclosure of operating segments [line items]
Operating income	387.1	347.4	322.9
Depreciation and amortisation expense	96.5	81.6	78.1
Wholesale
Disclosure of operating segments [line items]
Revenue	312.3	373.8	348.5
Wholesale | Operating segments
Disclosure of operating segments [line items]
Operating income	114.0	131.2	121.5
Depreciation and amortisation expense	3.9	3.9	2.3
Other
Disclosure of operating segments [line items]
Revenue	70.8	35.9	9.5
Other | Operating segments
Disclosure of operating segments [line items]
Operating income	14.0	10.5	4.1
Depreciation and amortisation expense	$ 0.0	$ 0.0	$ 0.0

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Segment information - Schedule of Geographical Areas (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of geographical areas [line items]
Revenue	$ 1,333.8	$ 1,217.0	$ 1,098.4
Other non-current non-financial assets	586.7	582.9
North America
Disclosure of geographical areas [line items]
Revenue	570.9	581.2	519.0
Other non-current non-financial assets	362.8	344.6
Canada
Disclosure of geographical areas [line items]
Revenue	246.3	241.0	213.1
Other non-current non-financial assets	222.1	232.9
United States
Disclosure of geographical areas [line items]
Revenue	324.6	340.2	305.9
Other non-current non-financial assets	140.7	111.7
Asia Pacific
Disclosure of geographical areas [line items]
Revenue	506.9	354.2	327.1
Other non-current non-financial assets	97.7	106.7
Greater China
Disclosure of geographical areas [line items]
Revenue	422.2	287.3	288.8
Other non-current non-financial assets	63.6	73.6
Asia Pacific (excluding Greater China)
Disclosure of geographical areas [line items]
Revenue	84.7	66.9	38.3
Other non-current non-financial assets	34.1	33.1
EMEA
Disclosure of geographical areas [line items]
Revenue	256.0	281.6	$ 252.3
Other non-current non-financial assets	$ 126.2	$ 131.6

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Income taxes - Schedule of Major Components of Tax Expense (Income) (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Current income tax expense
Current period	$ 15.4	$ 44.0	$ 35.6
Adjustment in respect of prior periods	9.5	(1.9)	(0.4)
Current income tax expense	24.9	42.1	35.2
Deferred income tax recovery
Origination and reversal of temporary differences	(0.8)	(18.5)	(11.9)
Effect of change in income tax rates	(0.2)	(0.6)	0.0
Adjustment in respect of prior periods	(6.3)	1.6	(0.2)
Deferred income tax recovery	(7.3)	(17.5)	(12.1)
Income tax expense	$ 17.6	$ 24.6	$ 23.1

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Income taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Income taxes paid (refund) [abstract]
Income before income taxes	$ 75.7	$ 93.5	$ 117.7
Reconciliation of average effective tax rate and applicable tax rate [abstract]
Expected Statutory Rate	25.50%	25.30%	25.40%
Income tax at expected statutory rate	$ 19.3	$ 23.7	$ 29.8
Non-deductible (taxable) items	(0.1)	0.8	(0.8)
Non-deductible stock option expense	1.7	3.0	2.9
Effect of foreign tax rates	(10.3)	(10.0)	(14.6)
Non-deductible (taxable) remeasurement of contingent consideration and put option	1.4	2.4	0.0
Non-deductible (taxable) foreign exchange loss (gain)	0.9	1.4	0.2
Change in tax rates	(0.2)	(0.4)	0.1
Change in deferred tax asset not recognized	1.7	4.1	6.1
Adjustment in respect of prior periods	3.2	(0.4)	(0.6)
Income tax expense	$ 17.6	$ 24.6	$ 23.1
Effective tax rate that most jurisdictions are above	15.00%

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Income taxes - Schedule of Components of Deferred Tax Assets and Liabilities (Details) $ in Millions	12 Months Ended
	Mar. 31, 2024 CAD ($)
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	$ 67.5
Deferred tax liabilities, beginning balance	(16.4)
Net deferred tax assets, beginning balance	51.1
Change in the year affecting net income	7.3
Change in the year affecting foreign exchange translation	0.9
Change in the year affecting other comprehensive (loss) income	(0.2)
Deferred tax assets, ending balance	76.3
Deferred tax liabilities, ending balance	(17.2)
Net deferred tax assets, ending balance	59.1
Total deferred tax asset
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	81.7
Change in the year affecting net income	12.2
Change in the year affecting foreign exchange translation	0.9
Change in the year affecting other comprehensive (loss) income	0.1
Deferred tax assets, ending balance	94.9
Losses carried forward
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	11.5
Change in the year affecting net income	15.5
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	27.0
Employee future benefits
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	0.1
Change in the year affecting net income	0.0
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.1
Deferred tax assets, ending balance	0.2
Other liabilities
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	1.9
Change in the year affecting net income	5.0
Change in the year affecting foreign exchange translation	0.8
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	7.7
Inventory capitalization
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	6.8
Change in the year affecting net income	(4.2)
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	2.6
Capital lease
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	9.3
Change in the year affecting net income	3.0
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	12.3
Tax relief from Swiss tax reform
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	7.6
Change in the year affecting net income	(5.9)
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	1.7
Unrealized profit in inventory
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	36.9
Change in the year affecting net income	(1.6)
Change in the year affecting foreign exchange translation	0.1
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	35.4
Provisions and other temporary differences
Changes in deferred tax liability (asset) [abstract]
Deferred tax assets, beginning balance	7.6
Change in the year affecting net income	0.4
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax assets, ending balance	8.0
Total deferred tax liabilities
Changes in deferred tax liability (asset) [abstract]
Deferred tax liabilities, beginning balance	(30.6)
Change in the year affecting net income	(4.9)
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	(0.3)
Deferred tax liabilities, ending balance	(35.8)
Unrealized foreign exchange
Changes in deferred tax liability (asset) [abstract]
Deferred tax liabilities, beginning balance	(3.1)
Change in the year affecting net income	0.7
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	(0.3)
Deferred tax liabilities, ending balance	(2.7)
Intangible assets
Changes in deferred tax liability (asset) [abstract]
Deferred tax liabilities, beginning balance	(18.8)
Change in the year affecting net income	(0.8)
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax liabilities, ending balance	(19.6)
Property, plant and equipment
Changes in deferred tax liability (asset) [abstract]
Deferred tax liabilities, beginning balance	(8.7)
Change in the year affecting net income	(4.8)
Change in the year affecting foreign exchange translation	0.0
Change in the year affecting other comprehensive (loss) income	0.0
Deferred tax liabilities, ending balance	$ (13.5)

XML

Income taxes - Schedule of Changes in Deferred Tax Assets and Liabilities (Details) $ in Millions	12 Months Ended
	Mar. 31, 2024 CAD ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets, beginning balance	$ 67.5
Deferred tax liabilities, beginning balance	(16.4)
Net deferred tax assets, beginning balance	51.1
Change in the year affecting net income	7.3
Change in the year affecting foreign exchange translation	0.9
Change in the year affecting other comprehensive income	(0.2)
Deferred tax assets, ending balance	76.3
Deferred tax liabilities, ending balance	(17.2)
Net deferred tax assets, ending balance	59.1
Deferred tax assets
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Change in the year affecting net income	8.8
Change in the year affecting foreign exchange translation	0.2
Change in the year affecting other comprehensive income	(0.2)
Deferred tax liabilities
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Change in the year affecting net income	(1.5)
Change in the year affecting foreign exchange translation	0.7
Change in the year affecting other comprehensive income	$ 0.0

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Income taxes - Narrative (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unremitted earnings from foreign subsidiaries	$ 419.8	$ 417.7	$ 356.4
Deferred tax on share-based payment			0.2
Stock options
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax on share-based payment	0.0	0.0	0.0
RSU
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax on share-based payment	0.0	0.0	0.2
PSU
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax on share-based payment	0.0	$ 0.0	$ 0.0
Capital losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Decrease in deferred tax asset	0.5
Tax relief from Swiss tax reform
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Decrease in deferred tax asset	$ 31.8

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Income taxes - Schedule of Tax Loss Carryforwards (Details) $ in Millions	Mar. 31, 2024 CAD ($)
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 46.0
2040 and prior
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	13.1
2041
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	8.8
2042
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	8.5
2043
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	7.5
2044
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	8.1
Carry forward indefinitely
Tax Loss Carry Forwards [Line Items]
Unused tax losses for which no deferred tax asset recognised	$ 52.2

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Earnings per share (Details) - CAD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Earnings per share [abstract]
Net income attributable to shareholders of the Company	$ 58.4	$ 72.7	$ 94.6
Weighted average number of multiple and subordinate voting shares outstanding (in shares)	100,816,758	105,058,643	108,296,802
Weighted average number of shares on exercise of stock options and RSUs (in shares)	1,006,315	563,669	857,919
Diluted weighted average number of multiple and subordinate voting shares outstanding (in shares)	101,823,073	105,622,312	109,154,721
Basic (in CAD per share)	$ 0.58	$ 0.69	$ 0.87
Diluted (in CAD per share)	$ 0.57	$ 0.69	$ 0.87
Share options
Earnings per share [line items]
Number of instruments that are antidilutive in period presented (in shares)	3,904,366	2,231,231	1,475,545

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Trade receivables - Schedule of Net Trade Receivables (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Subclassifications of assets, liabilities and equities [abstract]
Trade accounts receivable	$ 57.1	$ 30.4
Credit card receivables	3.7	2.5
Other receivables	12.3	19.5
Current receivables	73.1	52.4
Less: expected credit loss and sales allowances	(2.7)	(1.5)
Trade receivables	$ 70.4	$ 50.9

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Trade receivables - Schedule of Allowance for Expected Credit Losses and Sales Allowances (Details) - Accumulated impairment - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Trade And Other Current Receivables [Line Items]
Financial assets at beginning of period	$ (1.5)	$ (1.1)
Losses recognized	(1.8)	(0.4)
Amounts settled or written off during the year	0.6	0.0
Financial assets at end of period	(2.7)	(1.5)
Expected credit loss
Trade And Other Current Receivables [Line Items]
Financial assets at beginning of period	(0.4)	(0.3)
Losses recognized	(1.8)	(0.1)
Amounts settled or written off during the year	0.1	0.0
Financial assets at end of period	(2.1)	(0.4)
Sales allowances
Trade And Other Current Receivables [Line Items]
Financial assets at beginning of period	(1.1)	(0.8)
Losses recognized	0.0	(0.3)
Amounts settled or written off during the year	0.5	0.0
Financial assets at end of period	$ (0.6)	$ (1.1)

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Inventories - Schedule of Inventories (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Inventories [Abstract]
Raw materials	$ 48.4	$ 60.3
Work in progress	25.8	17.5
Finished goods	371.0	394.8
Total inventories at the lower of cost and net realizable value	$ 445.2	$ 472.6

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Inventories - Narrative (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Inventories [Abstract]
Provisions for obsolescence and inventory shrinkage	$ 60.8	$ 43.2

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Inventories - Schedule of Breakdown of Provision for Obsolescence (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Inventories [Abstract]
Raw material shrink reserves	$ 0.1	$ 0.2
Finished goods shrink reserves	0.9	0.4
Raw material obsolete inventory reserves	22.1	20.5
Finished goods obsolete inventory reserves	37.7	22.1
Provision for obsolescence	$ 60.8	$ 43.2

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Inventories - Schedule of Cost of Sales (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Inventories [Abstract]
Cost of goods manufactured	$ 405.5	$ 392.1	$ 350.1
Depreciation and amortization included in costs of sales	10.9	9.7	14.7
Total cost of sales	$ 416.4	$ 401.8	$ 364.8

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Property, plant and equipment (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	$ 156.0
Property, plant and equipment, ending balance	171.8	$ 156.0
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	296.4	217.1
Additions	60.4	75.2
Additions from business combinations (note 5)	2.6	1.2
Disposals	9.0	1.2
Transfers	0.0	0.0
Impact of foreign currency translation	(2.5)	4.1
Property, plant and equipment, ending balance	347.9	296.4
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(140.4)	(102.9)
Depreciation	45.4	37.4
Disposals	(8.7)	(1.2)
Impairment losses	0.2	0.2
Impact of foreign currency translation	(1.2)	1.1
Property, plant and equipment, ending balance	(176.1)	(140.4)
Plant equipment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	16.7
Property, plant and equipment, ending balance	18.4	16.7
Plant equipment | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	32.0	30.9
Additions	0.2	0.0
Additions from business combinations (note 5)	2.4	0.0
Disposals	0.1	0.0
Transfers	2.9	1.1
Impact of foreign currency translation	(0.1)	0.0
Property, plant and equipment, ending balance	37.3	32.0
Plant equipment | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(15.3)	(12.1)
Depreciation	3.7	3.2
Disposals	(0.1)	0.0
Impairment losses	0.0	0.0
Impact of foreign currency translation	0.0	0.0
Property, plant and equipment, ending balance	(18.9)	(15.3)
Computer equipment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	3.2
Property, plant and equipment, ending balance	6.0	3.2
Computer equipment | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	15.3	12.8
Additions	1.9	0.9
Additions from business combinations (note 5)	0.1	0.0
Disposals	0.3	0.1
Transfers	4.4	1.5
Impact of foreign currency translation	(0.1)	0.2
Property, plant and equipment, ending balance	21.3	15.3
Computer equipment | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(12.1)	(9.3)
Depreciation	3.4	2.7
Disposals	(0.2)	(0.1)
Impairment losses	0.0	0.0
Impact of foreign currency translation	0.0	0.2
Property, plant and equipment, ending balance	(15.3)	(12.1)
Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	75.3
Property, plant and equipment, ending balance	126.1	75.3
Leasehold improvements | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	151.4	125.1
Additions	11.5	8.8
Additions from business combinations (note 5)	0.1	0.9
Disposals	6.4	1.0
Transfers	70.4	15.5
Impact of foreign currency translation	(1.8)	2.1
Property, plant and equipment, ending balance	225.2	151.4
Leasehold improvements | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(76.1)	(53.9)
Depreciation	30.2	23.1
Disposals	(6.4)	(1.0)
Impairment losses	0.2	0.2
Impact of foreign currency translation	(1.0)	(0.1)
Property, plant and equipment, ending balance	(99.1)	(76.1)
Show displays
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	2.7
Property, plant and equipment, ending balance	1.4	2.7
Show displays | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	11.4	9.4
Additions	0.2	0.0
Additions from business combinations (note 5)	0.0	0.0
Disposals	1.0	0.0
Transfers	(0.4)	1.6
Impact of foreign currency translation	0.1	0.4
Property, plant and equipment, ending balance	10.3	11.4
Show displays | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(8.7)	(7.3)
Depreciation	1.2	1.1
Disposals	(1.0)	0.0
Impairment losses	0.0	0.0
Impact of foreign currency translation	0.0	0.3
Property, plant and equipment, ending balance	(8.9)	(8.7)
Furniture and fixtures
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	11.6
Property, plant and equipment, ending balance	15.8	11.6
Furniture and fixtures | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	39.8	34.8
Additions	3.7	2.2
Additions from business combinations (note 5)	0.0	0.3
Disposals	1.1	0.1
Transfers	7.7	1.6
Impact of foreign currency translation	(0.4)	1.0
Property, plant and equipment, ending balance	49.7	39.8
Furniture and fixtures | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(28.2)	(20.3)
Depreciation	6.9	7.3
Disposals	(1.0)	(0.1)
Impairment losses	0.0	0.0
Impact of foreign currency translation	(0.2)	0.7
Property, plant and equipment, ending balance	(33.9)	(28.2)
In progress
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	46.5
Property, plant and equipment, ending balance	4.1	46.5
In progress | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	46.5	4.1
Additions	42.9	63.3
Additions from business combinations (note 5)	0.0	0.0
Disposals	0.1	0.0
Transfers	(85.0)	(21.3)
Impact of foreign currency translation	(0.2)	0.4
Property, plant and equipment, ending balance	4.1	46.5
In progress | Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	0.0	0.0
Depreciation	0.0	0.0
Disposals	0.0	0.0
Impairment losses	0.0	0.0
Impact of foreign currency translation	0.0	0.0
Property, plant and equipment, ending balance	$ 0.0	$ 0.0

XML

Intangible assets - Schedule of Intangible Assets (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 135.1	$ 135.1
Intangible assets with finite lives
Disclosure of detailed information about intangible assets [line items]
Intangible assets	18.3	19.3
Intangible assets with indefinite lives: | Brand name
Disclosure of detailed information about intangible assets [line items]
Intangible assets	116.5	115.5
Intangible assets with indefinite lives: | Domain name
Disclosure of detailed information about intangible assets [line items]
Intangible assets	$ 0.3	$ 0.3

XML

Intangible assets - Schedule of Changes in Intangible Assets with Finite Lives (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	$ 135.1
Intangible assets, ending balance	135.1	$ 135.1
Intangible assets with finite lives
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	19.3
Intangible assets, ending balance	18.3	19.3
Intangible assets with finite lives | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	43.5	26.7
Additions	0.9	1.9
Additions from business combinations (note 5)	3.5	14.9
Disposals	0.1
Impact of foreign currency translation	(1.6)
Intangible assets, ending balance	46.2	43.5
Intangible assets with finite lives | Accumulated amortization
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	(24.2)	(20.3)
Amortization	3.8	3.9
Disposals	(0.1)
Impact of foreign currency translation	0.0
Intangible assets, ending balance	(27.9)	(24.2)
Intangible assets with finite lives | Software
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	4.9
Intangible assets, ending balance	3.8	4.9
Intangible assets with finite lives | Software | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	10.3	8.5
Additions	0.8	1.8
Additions from business combinations (note 5)	0.0	0.0
Disposals	0.1
Impact of foreign currency translation	(0.1)
Intangible assets, ending balance	10.9	10.3
Intangible assets with finite lives | Software | Accumulated amortization
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	(5.4)	(3.6)
Amortization	1.8	1.8
Disposals	(0.1)
Impact of foreign currency translation	0.0
Intangible assets, ending balance	(7.1)	(5.4)
Intangible assets with finite lives | Intellectual property
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	0.9
Intangible assets, ending balance	0.6	0.9
Intangible assets with finite lives | Intellectual property | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	18.3	18.2
Additions	0.1	0.1
Additions from business combinations (note 5)	0.0	0.0
Disposals	0.0
Impact of foreign currency translation	0.1
Intangible assets, ending balance	18.5	18.3
Intangible assets with finite lives | Intellectual property | Accumulated amortization
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	(17.4)	(16.7)
Amortization	0.5	0.7
Disposals	0.0
Impact of foreign currency translation	0.0
Intangible assets, ending balance	(17.9)	(17.4)
Intangible assets with finite lives | Customer-related intangible assets
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	7.0
Intangible assets, ending balance	8.9	7.0
Intangible assets with finite lives | Customer-related intangible assets | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	7.7	0.0
Additions	0.0	0.0
Additions from business combinations (note 5)	3.5	7.7
Disposals	0.0
Impact of foreign currency translation	(0.7)
Intangible assets, ending balance	10.5	7.7
Intangible assets with finite lives | Customer-related intangible assets | Accumulated amortization
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	(0.7)	0.0
Amortization	0.8	0.7
Disposals	0.0
Impact of foreign currency translation	0.1
Intangible assets, ending balance	(1.6)	(0.7)
Intangible assets with finite lives | Distribution rights
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	6.5
Intangible assets, ending balance	5.0	6.5
Intangible assets with finite lives | Distribution rights | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	7.2	0.0
Additions	0.0	0.0
Additions from business combinations (note 5)	0.0	7.2
Disposals	0.0
Impact of foreign currency translation	(0.9)
Intangible assets, ending balance	6.3	7.2
Intangible assets with finite lives | Distribution rights | Accumulated amortization
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	(0.7)	0.0
Amortization	0.7	0.7
Disposals	0.0
Impact of foreign currency translation	(0.1)
Intangible assets, ending balance	$ (1.3)	$ (0.7)

XML

Intangible assets - Narrative (Details) - CAD ($)	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Intangible assets other than goodwill [abstract]
Impairment loss on intangible assets	$ 0	$ 0

XML

Leases - Schedule of Changes in Right-of-Use Assets (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Right-of-use assets
Right-of-use assets, beginning balance	$ 291.8
Right-of-use assets, ending balance	279.8	$ 291.8
Retail stores
Right-of-use assets
Right-of-use assets, beginning balance	225.6
Right-of-use assets, ending balance	220.6	225.6
Manufacturing facilities
Right-of-use assets
Right-of-use assets, beginning balance	24.3
Right-of-use assets, ending balance	20.2	24.3
Other
Right-of-use assets
Right-of-use assets, beginning balance	41.9
Right-of-use assets, ending balance	39.0	41.9
Cost
Right-of-use assets
Right-of-use assets, beginning balance	500.0	350.4
Additions	32.7	130.6
Additions from business combinations (note 5)	1.2	3.3
Lease modifications	33.7	2.4
Derecognition on termination	(9.0)	(2.8)
Impact of foreign currency translation	(3.2)	16.1
Right-of-use assets, ending balance	555.4	500.0
Cost | Retail stores
Right-of-use assets
Right-of-use assets, beginning balance	396.7	296.3
Additions	29.8	82.8
Additions from business combinations (note 5)	0.0	1.5
Lease modifications	31.9	2.4
Derecognition on termination	(5.1)	(1.8)
Impact of foreign currency translation	(3.0)	15.5
Right-of-use assets, ending balance	450.3	396.7
Cost | Manufacturing facilities
Right-of-use assets
Right-of-use assets, beginning balance	44.9	36.7
Additions	0.2	8.2
Additions from business combinations (note 5)	1.2	0.0
Lease modifications	0.0	0.0
Derecognition on termination	(2.1)	0.0
Impact of foreign currency translation	0.0	0.0
Right-of-use assets, ending balance	44.2	44.9
Cost | Other
Right-of-use assets
Right-of-use assets, beginning balance	58.4	17.4
Additions	2.7	39.6
Additions from business combinations (note 5)	0.0	1.8
Lease modifications	1.8	0.0
Derecognition on termination	(1.8)	(1.0)
Impact of foreign currency translation	(0.2)	0.6
Right-of-use assets, ending balance	60.9	58.4
Accumulated depreciation
Right-of-use assets
Right-of-use assets, beginning balance	(208.2)	(135.2)
Depreciation	76.6	68.1
Derecognition on termination	(9.0)	(2.2)
Impairment losses	1.0	0.8
Impact of foreign currency translation	(1.2)	6.3
Right-of-use assets, ending balance	(275.6)	(208.2)
Accumulated depreciation | Retail stores
Right-of-use assets
Right-of-use assets, beginning balance	(171.1)	(110.1)
Depreciation	63.8	55.5
Derecognition on termination	(5.1)	(1.2)
Impairment losses	1.0	0.8
Impact of foreign currency translation	(1.1)	5.9
Right-of-use assets, ending balance	(229.7)	(171.1)
Accumulated depreciation | Manufacturing facilities
Right-of-use assets
Right-of-use assets, beginning balance	(20.6)	(15.2)
Depreciation	5.5	5.4
Derecognition on termination	(2.1)	0.0
Impairment losses	0.0	0.0
Impact of foreign currency translation	0.0	0.0
Right-of-use assets, ending balance	(24.0)	(20.6)
Accumulated depreciation | Other
Right-of-use assets
Right-of-use assets, beginning balance	(16.5)	(9.9)
Depreciation	7.3	7.2
Derecognition on termination	(1.8)	(1.0)
Impairment losses	0.0	0.0
Impact of foreign currency translation	(0.1)	0.4
Right-of-use assets, ending balance	$ (21.9)	$ (16.5)

XML

Leases - Schedule of Changes in Lease Liabilities (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Lease liabilities
Lease liabilities, beginning balance	$ 334.8	$ 250.7
Additions	32.2	129.9
Additions from business combinations (note 5)	1.2	3.2
Lease modifications	33.7	2.4
Derecognition on termination		(0.7)
Principal payments	(69.2)	(62.2)
Impact of foreign currency translation	(2.2)	11.5
Lease liabilities, ending balance	330.5	334.8
Retail stores
Lease liabilities
Lease liabilities, beginning balance	259.2	217.2
Additions	29.7	82.1
Additions from business combinations (note 5)	0.0	1.5
Lease modifications	31.9	2.4
Derecognition on termination		(0.7)
Principal payments	(63.0)	(54.5)
Impact of foreign currency translation	(2.1)	11.2
Lease liabilities, ending balance	255.7	259.2
Manufacturing facilities
Lease liabilities
Lease liabilities, beginning balance	27.7	24.8
Additions	0.2	8.2
Additions from business combinations (note 5)	1.2	0.0
Lease modifications	0.0	0.0
Derecognition on termination		0.0
Principal payments	(5.3)	(5.3)
Impact of foreign currency translation	0.0	0.0
Lease liabilities, ending balance	23.8	27.7
Other
Lease liabilities
Lease liabilities, beginning balance	47.9	8.7
Additions	2.3	39.6
Additions from business combinations (note 5)	0.0	1.7
Lease modifications	1.8	0.0
Derecognition on termination		0.0
Principal payments	(0.9)	(2.4)
Impact of foreign currency translation	(0.1)	0.3
Lease liabilities, ending balance	$ 51.0	$ 47.9

XML

Leases - Schedule of Classification of Lease Liabilities (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Schedule of Detailed Information About Lease Liabilities [Line Items]
Current lease liabilities	$ 79.9	$ 76.1
Non-current lease liabilities	250.6	258.7
Lease liabilities	330.5	334.8	$ 250.7
Retail stores
Schedule of Detailed Information About Lease Liabilities [Line Items]
Current lease liabilities	65.8	64.7
Non-current lease liabilities	189.9	194.5
Lease liabilities	255.7	259.2	217.2
Manufacturing facilities
Schedule of Detailed Information About Lease Liabilities [Line Items]
Current lease liabilities	6.3	6.1
Non-current lease liabilities	17.5	21.6
Lease liabilities	23.8	27.7	24.8
Other
Schedule of Detailed Information About Lease Liabilities [Line Items]
Current lease liabilities	7.8	5.3
Non-current lease liabilities	43.2	42.6
Lease liabilities	$ 51.0	$ 47.9	$ 8.7

XML

Leases - Narrative (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Leases, Assets And Liabilities [Abstract]
Lease payments not included in the measurement of lease liabilities	$ 39.6	$ 23.5	$ 21.5

XML

Goodwill - Schedule of Changes in Goodwill (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Reconciliation of changes in goodwill [abstract]
Goodwill at beginning of period	$ 63.9	$ 53.1
Business combination (note 5)	8.3	10.8
Increase (decrease) through net exchange differences, goodwill	(1.4)	0.0
Goodwill at end of period	$ 70.8	$ 63.9

XML

Goodwill - Narrative (Details) $ in Millions	12 Months Ended
	Mar. 31, 2024 CAD ($) cashGeneratingUnit	Apr. 02, 2023 CAD ($) cashGeneratingUnit
Disclosure of reconciliation of changes in goodwill [line items]
Number of cash generating units that contribute to cash flows | cashGeneratingUnit	11	10
Impairment loss recognised in profit or loss, goodwill | $	$ 0.0	$ 0.0
Excess of recoverable value over carrying value per CGU	23.50%
Discount rate applied to cash flow projections	12.80%	12.67%
Cash flow projections, period	5 years
Growth rate used to extrapolate cash flow projections	2.00%

XML

Goodwill - Disclosure of Goodwill Allocation by Cash-Generating Units (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 CAD ($)	Mar. 31, 2024 JPY (¥)	Apr. 03, 2022 CAD ($)
Disclosure of information for cash-generating units [line items]
Goodwill	$ 70.8	$ 63.9		$ 53.1
Increase (decrease) through net exchange differences, goodwill	(1.4)	0.0
North America DTC - Retail
Disclosure of information for cash-generating units [line items]
Goodwill	11.7	11.7
North America DTC - e-Commerce
Disclosure of information for cash-generating units [line items]
Goodwill	6.6	6.6
North America Wholesale
Disclosure of information for cash-generating units [line items]
Goodwill	5.7	5.7
Asia Pacific DTC - Retail
Disclosure of information for cash-generating units [line items]
Goodwill	9.8	9.8
Asia Pacific DTC - e-Commerce
Disclosure of information for cash-generating units [line items]
Goodwill	2.6	2.6
Asia Pacific Wholesale
Disclosure of information for cash-generating units [line items]
Goodwill	3.6	3.6
EMEA DTC - Retail
Disclosure of information for cash-generating units [line items]
Goodwill	4.3	4.3
EMEA DTC - e-Commerce
Disclosure of information for cash-generating units [line items]
Goodwill	2.8	2.8
EMEA Wholesale
Disclosure of information for cash-generating units [line items]
Goodwill	6.0	6.0
Japan Joint Venture
Disclosure of information for cash-generating units [line items]
Goodwill	9.4	10.8	¥ 1,059.3
Increase (decrease) through net exchange differences, goodwill	1.4
Paola Confectii
Disclosure of information for cash-generating units [line items]
Goodwill	$ 8.3	$ 0.0

XML

Accounts payables and accrued liabilities (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Subclassifications of assets, liabilities and equities [abstract]
Trade payables	$ 57.6	$ 60.1
Accrued liabilities	73.5	82.4
Employee benefits	38.6	21.9
Derivative financial instruments	1.9	3.3
ASPP liability (note 18)	0.0	20.0
Other payables	6.1	7.9
Accounts payable and accrued liabilities	$ 177.7	$ 195.6

XML

Provisions - Narrative (Details)	12 Months Ended
	Mar. 31, 2024
Provisions [abstract]
Revenue recognition, return period	30 days

XML

Provisions - Schedule of Reconciliation of Provisions (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Reconciliation of changes in other provisions [abstract]
Provisions, beginning balance	$ 58.1	$ 49.8
Additional provisions recognized	30.0	22.5
Reductions resulting from settlement	(23.7)	(13.9)
Release of provisions	(0.8)	(1.3)
Other	(0.2)	1.0
Provisions, ending balance	63.4	58.1
Warranty
Reconciliation of changes in other provisions [abstract]
Provisions, beginning balance	30.4	29.2
Additional provisions recognized	6.6	7.6
Reductions resulting from settlement	(6.8)	(6.4)
Release of provisions	0.0	0.0
Other	0.1	0.0
Provisions, ending balance	30.3	30.4
Sales returns
Reconciliation of changes in other provisions [abstract]
Provisions, beginning balance	15.6	12.9
Additional provisions recognized	20.8	10.8
Reductions resulting from settlement	(16.9)	(7.5)
Release of provisions	(0.7)	(1.3)
Other	0.0	0.7
Provisions, ending balance	18.8	15.6
Asset retirement obligations
Reconciliation of changes in other provisions [abstract]
Provisions, beginning balance	12.1	7.7
Additional provisions recognized	2.6	4.1
Reductions resulting from settlement	0.0	0.0
Release of provisions	(0.1)	0.0
Other	(0.3)	0.3
Provisions, ending balance	$ 14.3	$ 12.1

XML

Provisions - Schedule of Current and Non-Current Provisions (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Provisions [abstract]
Current provisions	$ 26.1	$ 21.6
Non-current provisions	37.3	36.5
Provisions	$ 63.4	$ 58.1	$ 49.8

XML

Borrowings - Amendments to borrowings (Details) $ in Millions	Jul. 02, 2023 CAD ($)
Deferred financing costs netting | The Revolving Facility
Disclosure of detailed information about borrowings [line items]
Borrowings	$ (0.7)

XML

Borrowings - Revolving Facility (Details) - The Revolving Facility - CAD ($)	Mar. 31, 2024	Apr. 02, 2023	Feb. 24, 2020
Disclosure of detailed information about borrowings [line items]
Line of credit facility, maximum borrowing capacity			$ 467,500,000
Line of credit facility, increase in credit facility commitments			$ 517,500,000
Line of credit facility, repayment		$ 0
Line of credit facility, interest and administrative fees, outstanding	$ 0	0
Line of credit facility, unused borrowing capacity	203,700,000	238,400,000
Line of credit facility, credit commitment	25,000,000
Line of credit facility, credit sub-commitment	5,000,000
Line of credit facility, swingline commitment	25,000,000
Deferred financing charges | Other noncurrent liabilities
Disclosure of detailed information about borrowings [line items]
Borrowings	1,000,000	500,000
Letters of credit outstanding
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 1,500,000	$ 1,800,000

XML

Borrowings - Term Loan (Details) - Term Loan $ in Thousands, $ in Millions	Mar. 31, 2024 CAD ($)	Mar. 31, 2024 USD ($)	Apr. 02, 2023 CAD ($)	Apr. 02, 2023 USD ($)	Oct. 07, 2020 USD ($)
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 392.5		$ 395.7		$ 300,000
Borrowings, quarterly repayment					$ 750
Borrowings, interest rate	8.94%	8.94%
Borrowings, outstanding amount	$ 393.1	$ 290,300	$ 396.3	$ 293,300
Secured Overnight Financing Rate
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate					3.50%
Borrowings interest rate, additional rate (%)					0.11448%
Minimum | Secured Overnight Financing Rate
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate					0.75%

XML

Borrowings - Schedule of Term Loan (Details) - Term Loan $ in Millions, $ in Millions	Mar. 31, 2024 CAD ($)	Mar. 31, 2024 USD ($)	Apr. 02, 2023 CAD ($)	Apr. 02, 2023 USD ($)	Oct. 07, 2020 USD ($)
Disclosure of detailed information about borrowings [line items]
Term Loan	$ 393.1	$ 290.3	$ 396.3	$ 293.3
Unamortized portion of deferred transaction costs	(0.6)		(0.6)
Total borrowings	$ 392.5		$ 395.7		$ 300.0

XML

Borrowings - Mainland China Facilities (Details) ¥ in Millions, ¥ in Millions	12 Months Ended
	Mar. 31, 2024 CAD ($) segment	Mar. 31, 2024 JPY (¥) segment	Mar. 31, 2024 CNY (¥) segment	Apr. 02, 2023 CAD ($)	Apr. 02, 2023 JPY (¥)	Apr. 02, 2023 CNY (¥)
Disclosure of detailed information about borrowings [line items]
Short-term borrowings | $	$ 9,400,000			$ 27,600,000
Mainland China Facilities
Disclosure of detailed information about borrowings [line items]
Borrowings, number of loan facilities | segment	2	2	2
Borrowings	$ 50,000,000		¥ 266.4
Borrowings, interest rate in terms of loan rate	1 year
Short-term borrowings	$ 0			9,800,000		¥ 50.0
Mainland China Facilities | Minimum
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	0.35%	0.35%	0.35%
Mainland China Facilities | Maximum
Disclosure of detailed information about borrowings [line items]
Borrowings, term	12 months
Borrowings, adjustment to interest rate basis	0.45%	0.45%	0.45%
Mainland China Facilities | Term one
Disclosure of detailed information about borrowings [line items]
Borrowings, term	1 month
Borrowings, interest rate payable, period	1 month
Mainland China Facilities | Term two
Disclosure of detailed information about borrowings [line items]
Borrowings, term	3 months
Borrowings, interest rate payable, period	3 months
Mainland China Facilities | Term three
Disclosure of detailed information about borrowings [line items]
Borrowings, term	6 months
Borrowings, interest rate payable, period	6 months
Japan Facility
Disclosure of detailed information about borrowings [line items]
Borrowings, term	12 months
Short-term borrowings	$ 5,400,000	¥ 600.0		$ 13,700,000	¥ 1,350.0
Borrowings, interest rate	0.45%	0.45%	0.45%

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Borrowings - Japan Facility (Details) ¥ in Millions, ¥ in Millions	12 Months Ended
	Mar. 31, 2024 JPY (¥)	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 JPY (¥)	Apr. 02, 2023 CAD ($)	Apr. 02, 2023 CNY (¥)
Disclosure of detailed information about borrowings [line items]
Short-term borrowings		$ 9,400,000		$ 27,600,000
Japan Facility
Disclosure of detailed information about borrowings [line items]
Line of credit facility, maximum borrowing capacity	¥ 4,000.0	$ 35,800,000
Borrowings, interest rate	0.45%	0.45%
Borrowings, term	12 months
Short-term borrowings	¥ 600.0	$ 5,400,000	¥ 1,350.0	13,700,000
Japan Facility | TIBOR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	0.30%	0.30%
Mainland China Facilities
Disclosure of detailed information about borrowings [line items]
Short-term borrowings		$ 0		$ 9,800,000	¥ 50.0

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Borrowings - Short-term Borrowings (Details) ¥ in Millions, ¥ in Millions	Mar. 31, 2024 CAD ($)	Mar. 31, 2024 JPY (¥)	Apr. 02, 2023 CAD ($)	Apr. 02, 2023 JPY (¥)	Apr. 02, 2023 CNY (¥)
Disclosure of detailed information about borrowings [line items]
Short-term borrowings	$ 9,400,000		$ 27,600,000
Mainland China Facilities
Disclosure of detailed information about borrowings [line items]
Short-term borrowings	0		9,800,000		¥ 50.0
Japan Facility
Disclosure of detailed information about borrowings [line items]
Short-term borrowings	5,400,000	¥ 600.0	13,700,000	¥ 1,350.0
Term Loan
Disclosure of detailed information about borrowings [line items]
Short-term borrowings	$ 4,000,000		$ 4,100,000

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Borrowings - Schedule of Net Interest and Other Finance Costs (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of detailed information about borrowings [line items]
Standby fees	$ 1.2	$ 1.8	$ 0.9
Acceleration of unamortized costs on debt extinguishment	0.0	0.0	9.5
Foreign exchange losses on Term Loan net of hedges	2.1	12.1	2.8
Fair value remeasurement on the put option liability (note 21)	1.6	10.9	0.0
Fair value remeasurement on the contingent consideration (note 21)	2.8	(2.9)	0.0
Interest income	(1.3)	(0.9)	(0.4)
Other costs	1.0	1.0	0.3
Net interest, finance and other costs	48.8	54.1	41.8
Mainland China Facilities
Disclosure of detailed information about borrowings [line items]
Interest expense	0.9	0.5	0.4
Japan Facility
Disclosure of detailed information about borrowings [line items]
Interest expense	0.1	0.1	0.0
Revolving Facility
Disclosure of detailed information about borrowings [line items]
Interest expense	2.8	1.1	1.8
Term Loan
Disclosure of detailed information about borrowings [line items]
Interest expense	19.9	18.8	17.4
Lease liabilities
Disclosure of detailed information about borrowings [line items]
Interest expense	$ 17.7	$ 11.6	$ 9.1

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Shareholders' equity - Issued Share Capital (Details)	12 Months Ended
	Mar. 31, 2024 vote
Multiple voting shares
Disclosure of classes of share capital [line items]
Number of votes per share	10
Conversion ratio of multiple voting shares to subordinate shares	1
Percentage beneficial ownership when shares will automatically be converted (less than)	0.15
Subordinate voting shares
Disclosure of classes of share capital [line items]
Number of votes per share	1

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Shareholders' equity - Normal Course Issuer Bid (Details) - CAD ($) $ in Millions		9 Months Ended	12 Months Ended					16 Months Ended
	Aug. 06, 2021	Dec. 31, 2023	Nov. 21, 2024	Mar. 31, 2024	Nov. 21, 2023	Apr. 02, 2023	Apr. 03, 2022	Mar. 31, 2024
Disclosure of classes of share capital [line items]
Number of shares repurchased (in shares)				7,855,007		1,152,802	5,636,763
Normal course issuer bid purchase of subordinate voting shares				$ 140.2		$ 26.7	$ 253.2
Share repurchase program, liability to broker				$ 0.0		$ 20.0		$ 0.0
Share repurchase program, percentage of issued and outstanding shares	10.00%
Subordinate voting shares
Disclosure of classes of share capital [line items]
Share repurchase program, period			12 months		12 months
Number of shares repurchased (in shares)		4,268,883		7,855,007		1,152,802	5,636,763	5,421,685
Normal course issuer bid purchase of subordinate voting shares		$ 83.3				$ 26.7	$ 253.2	$ 111.2
Subordinate voting shares | Maximum
Disclosure of classes of share capital [line items]
Number of shares authorized for repurchase (in shares)			4,980,505		5,421,685		5,943,239
Subordinate voting shares | Automatic Share Purchase Plan (“ASPP”)
Disclosure of classes of share capital [line items]
Number of shares repurchased (in shares)		1,184,152		3,088,648		821,622
Normal course issuer bid purchase of subordinate voting shares		$ 25.3		$ 49.6		$ 20.0
Subordinate voting shares | Fiscal 2024 NCIB
Disclosure of classes of share capital [line items]
Number of shares repurchased (in shares)				3,586,124
Normal course issuer bid purchase of subordinate voting shares				$ 56.9
Retained earnings
Disclosure of classes of share capital [line items]
Normal course issuer bid purchase of subordinate voting shares				122.4		24.3	$ 241.3
Retained earnings | Subordinate voting shares
Disclosure of classes of share capital [line items]
Normal course issuer bid purchase of subordinate voting shares		$ 73.6				$ 25.4	$ 241.3
Retained earnings | Subordinate voting shares | Fiscal 2024 NCIB
Disclosure of classes of share capital [line items]
Normal course issuer bid purchase of subordinate voting shares				$ 48.8

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Shareholders' equity - Schedule of Transactions Affecting Issued and Outstanding Share Capital (Details) - CAD ($) $ in Millions	9 Months Ended	12 Months Ended			16 Months Ended
	Dec. 31, 2023	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022	Mar. 31, 2024
Number
Number of shares outstanding, beginning balance (in shares)	104,188,988	104,188,988	105,194,508	110,439,155
Purchase of subordinate voting shares (in shares)		(7,855,007)	(1,103,102)	(5,636,763)
Purchase of subordinate voting shares held for cancellation (in shares)			(49,700)
Purchase of subordinate voting shares (in shares)		(7,855,007)	(1,152,802)	(5,636,763)
Exercise of stock options (in shares)		64,058	60,248	342,148
Settlement of RSUs (in shares)		134,475	87,034	49,968
Total share issuances (in shares)		198,533	147,282	392,116
Number of shares outstanding, ending balance (in shares)		96,532,514	104,188,988	105,194,508	96,532,514
$
Shareholders’ equity, beginning balance	$ 477.5	$ 477.5	$ 427.9	$ 577.6
Total share issuances		0.1	0.0	7.1
Shareholders’ equity, ending balance		$ 423.5	$ 477.5	$ 427.9	$ 423.5
Multiple voting shares
Number
Number of shares outstanding, beginning balance (in shares)	51,004,076	51,004,076	51,004,076	51,004,076
Purchase of subordinate voting shares (in shares)		0	0	0
Purchase of subordinate voting shares held for cancellation (in shares)			0
Purchase of subordinate voting shares (in shares)		0	0	0
Exercise of stock options (in shares)		0	0	0
Settlement of RSUs (in shares)		0	0	0
Total share issuances (in shares)		0	0	0
Number of shares outstanding, ending balance (in shares)		51,004,076	51,004,076	51,004,076	51,004,076
Subordinate voting shares
Number
Number of shares outstanding, beginning balance (in shares)	53,184,912	53,184,912	54,190,432	59,435,079
Purchase of subordinate voting shares (in shares)		(7,855,007)	(1,103,102)	(5,636,763)
Purchase of subordinate voting shares held for cancellation (in shares)			(49,700)
Purchase of subordinate voting shares (in shares)	(4,268,883)	(7,855,007)	(1,152,802)	(5,636,763)	(5,421,685)
Exercise of stock options (in shares)		64,058	60,248	342,148
Settlement of RSUs (in shares)		134,475	87,034	49,968
Total share issuances (in shares)		198,533	147,282	392,116
Number of shares outstanding, ending balance (in shares)		45,528,438	53,184,912	54,190,432	45,528,438
Share capital
$
Shareholders’ equity, beginning balance	$ 118.7	$ 118.7	$ 118.5	$ 120.5
Purchase of subordinate voting shares (in $ per share)		(17.8)	(2.4)	(11.9)
Purchase of subordinate voting shares held for cancellation			(0.1)
Total share purchases		(17.8)	(2.5)	(11.9)
Exercise of stock options (in $ per share)		0.2	0.0	8.5
Settlement of RSUs		3.8	2.7	1.4
Total share issuances		4.0	2.7	9.9
Shareholders’ equity, ending balance		104.9	118.7	118.5	$ 104.9
Share capital | Multiple voting shares
$
Shareholders’ equity, beginning balance	1.4	1.4	1.4	1.4
Purchase of subordinate voting shares (in $ per share)		0.0	0.0	0.0
Purchase of subordinate voting shares held for cancellation			0.0
Total share purchases		0.0	0.0	0.0
Exercise of stock options (in $ per share)		0.0	0.0	0.0
Settlement of RSUs		0.0	0.0	0.0
Total share issuances		0.0	0.0	0.0
Shareholders’ equity, ending balance		1.4	1.4	1.4	1.4
Share capital | Subordinate voting shares
$
Shareholders’ equity, beginning balance	$ 117.3	117.3	117.1	119.1
Purchase of subordinate voting shares (in $ per share)		(17.8)	(2.4)	(11.9)
Purchase of subordinate voting shares held for cancellation			(0.1)
Total share purchases		(17.8)	(2.5)	(11.9)
Exercise of stock options (in $ per share)		0.2	0.0	8.5
Settlement of RSUs		3.8	2.7	1.4
Total share issuances		4.0	2.7	9.9
Shareholders’ equity, ending balance		$ 103.5	$ 117.3	$ 117.1	$ 103.5

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Share-based payments - Narrative (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expiration term of options	10 years
Contributed surplus and compensation expense for the vesting of stock options	$ 10.4	$ 15.0	$ 14.0
Legacy Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of future share options issuable in share-based payment arrangement (in shares)	0
Omnibus Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Vesting period of stock options	4 years
Vesting rate	25.00%
Vesting period of RSUs	3 years
Subordinate voting shares | Omnibus Plan
Disclosure of terms and conditions of share-based payment arrangement [line items]
Stock issued per RSU upon settlement (in shares)	1
Maximum number of shares reserved for issuance under equity incentive plans (in shares)	5,310,387

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Share-based payments - Schedule of Stock Option Transactions (Details)	12 Months Ended
	Mar. 31, 2024 shares $ / shares	Apr. 02, 2023 shares $ / shares	Apr. 03, 2022 shares $ / shares
Weighted average exercise price
Options outstanding, beginning balance (in CAD per share) | $ / shares	$ 36.58	$ 42.99
Granted to purchase shares (in CAD per share) | $ / shares	19.77	24.63
Exercised (in CAD per share) | $ / shares	1.61	0.23
Cancelled (in CAD per share) | $ / shares	28.83	40.66
Options outstanding, ending balance (in CAD per share) | $ / shares	$ 33.51	$ 36.58	$ 42.99
Number of shares
Options/RSUs/PSUs outstanding, beginning balance (in shares) | shares	4,055,199	2,722,690
Granted to purchase shares (in shares) | shares	1,278,211	1,580,506
Exercised (in shares) | shares	(64,058)	(60,248)	(342,148)
Cancelled (in shares) | shares	(660,575)	(187,749)
Options/RSUs/PSUs outstanding, ending balance (in shares) | shares	4,608,777	4,055,199	2,722,690

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Share-based payments - Schedule of Stock Options Outstanding and Exercisable (Details)	12 Months Ended
	Mar. 31, 2024 shares $ / shares	Apr. 02, 2023 shares	Apr. 03, 2022 shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding (in shares)	4,608,777	4,055,199	2,722,690
Weighted average remaining life in years, options outstanding	7 years
Number of options exercisable (in shares)	2,126,205
Weighted average remaining life in years, options exercisable	5 years 3 months 18 days
$0.02
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 0.02
Number of options outstanding (in shares)	15,434
Weighted average remaining life in years, options outstanding	0 years
Number of options exercisable (in shares)	15,434
Weighted average remaining life in years, options exercisable	0 years
$1.79
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 1.79
Number of options outstanding (in shares)	44,307
Weighted average remaining life in years, options outstanding	9 months 18 days
Number of options exercisable (in shares)	44,307
Weighted average remaining life in years, options exercisable	9 months 18 days
$8.94
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 8.94
Number of options outstanding (in shares)	122,221
Weighted average remaining life in years, options outstanding	2 years 9 months 18 days
Number of options exercisable (in shares)	122,221
Weighted average remaining life in years, options exercisable	2 years 9 months 18 days
$14.29
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 14.29
Number of options outstanding (in shares)	2,565
Weighted average remaining life in years, options outstanding	9 years 7 months 6 days
Number of options exercisable (in shares)	0
Weighted average remaining life in years, options exercisable	0 years
$16.21
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 16.21
Number of options outstanding (in shares)	519,884
Weighted average remaining life in years, options outstanding	9 years 10 months 24 days
Number of options exercisable (in shares)	0
Weighted average remaining life in years, options exercisable	0 years
$22.24
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 22.24
Number of options outstanding (in shares)	611,798
Weighted average remaining life in years, options outstanding	9 years 1 month 6 days
Number of options exercisable (in shares)	0
Weighted average remaining life in years, options exercisable	0 years
$23.64
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 23.64
Number of options outstanding (in shares)	42,576
Weighted average remaining life in years, options outstanding	3 years 4 months 24 days
Number of options exercisable (in shares)	42,576
Weighted average remaining life in years, options exercisable	3 years 4 months 24 days
$23.77
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 23.77
Number of options outstanding (in shares)	12,285
Weighted average remaining life in years, options outstanding	8 years 2 months 12 days
Number of options exercisable (in shares)	3,072
Weighted average remaining life in years, options exercisable	8 years 2 months 12 days
$24.64
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 24.64
Number of options outstanding (in shares)	1,169,619
Weighted average remaining life in years, options outstanding	7 years 10 months 24 days
Number of options exercisable (in shares)	322,809
Weighted average remaining life in years, options exercisable	7 years 2 months 12 days
$30.73
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 30.73
Number of options outstanding (in shares)	48,730
Weighted average remaining life in years, options outstanding	3 years
Number of options exercisable (in shares)	48,730
Weighted average remaining life in years, options exercisable	3 years
$31.79
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 31.79
Number of options outstanding (in shares)	35,622
Weighted average remaining life in years, options outstanding	3 years 7 months 6 days
Number of options exercisable (in shares)	35,622
Weighted average remaining life in years, options exercisable	3 years 7 months 6 days
$33.97
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 33.97
Number of options outstanding (in shares)	635,096
Weighted average remaining life in years, options outstanding	5 years 9 months 18 days
Number of options exercisable (in shares)	462,427
Weighted average remaining life in years, options exercisable	5 years 7 months 6 days
$45.34
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 45.34
Number of options outstanding (in shares)	33,708
Weighted average remaining life in years, options outstanding	4 years
Number of options exercisable (in shares)	33,708
Weighted average remaining life in years, options exercisable	4 years
$48.93
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 48.93
Number of options outstanding (in shares)	541,197
Weighted average remaining life in years, options outstanding	6 years 10 months 24 days
Number of options exercisable (in shares)	284,064
Weighted average remaining life in years, options exercisable	6 years 7 months 6 days
$50.00
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 50.00
Number of options outstanding (in shares)	250,000
Weighted average remaining life in years, options outstanding	6 years 2 months 12 days
Number of options exercisable (in shares)	187,500
Weighted average remaining life in years, options exercisable	6 years 2 months 12 days
$63.03
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 63.03
Number of options outstanding (in shares)	359,157
Weighted average remaining life in years, options outstanding	4 years 9 months 18 days
Number of options exercisable (in shares)	359,157
Weighted average remaining life in years, options exercisable	4 years 9 months 18 days
$83.53
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price (in CAD per share) | $ / shares	$ 83.53
Number of options outstanding (in shares)	164,578
Weighted average remaining life in years, options outstanding	3 years 9 months 18 days
Number of options exercisable (in shares)	164,578
Weighted average remaining life in years, options exercisable	3 years 9 months 18 days

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Share-based payments - Schedule of RSU and PSU Transactions (Details)	12 Months Ended
	Mar. 31, 2024 shares share	Apr. 02, 2023 shares share
Number of shares
Options/RSUs/PSUs outstanding, beginning balance (in shares)	4,055,199	2,722,690
Granted (in shares)	1,278,211	1,580,506
Cancelled (in shares)	(660,575)	(187,749)
Options/RSUs/PSUs outstanding, ending balance (in shares)	4,608,777	4,055,199
RSU
Number of shares
Options/RSUs/PSUs outstanding, beginning balance (in shares)	318,082	215,590
Granted (in shares)	438,814	209,187
Settled (in shares)	(134,475)	(87,034)
Cancelled (in shares)	(141,903)	(19,661)
Options/RSUs/PSUs outstanding, ending balance (in shares)	480,518	318,082
PSU
Number of shares
Options/RSUs/PSUs outstanding, beginning balance (in shares) | share	0	0
Granted (in shares) | share	399,349	0
Cancelled (in shares) | share	(56,424)	0
Options/RSUs/PSUs outstanding, ending balance (in shares) | share	342,925	0
PSU | Minimum
Number of shares
Percentage of the vesting conditions	0.00%
PSU | Maximum
Number of shares
Percentage of the vesting conditions	200.00%

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Share-based payments - Schedule of Assumptions Used to Measure Fair Value of Options Granted (Details)	12 Months Ended
	Mar. 31, 2024 Year $ / shares	Apr. 02, 2023 Year $ / shares
Share-Based Payment Arrangements [Abstract]
Weighted average stock price valuation (in CAD per share)	$ 19.77	$ 24.63
Weighted average exercise price (in CAD per share)	$ 19.77	$ 24.63
Risk-free interest rate	4.09%	2.52%
Expected life in years | Year	5.4	5.0
Expected dividend yield	0.00%	0.00%
Volatility	40.00%	40.00%
Weighted average fair value of options issued (in CAD per share)	$ 6.82	$ 7.86

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Share-based payment arrangements - Schedule of Assumptions Used to Measure Fair Value of Options Granted - Narrative (Details) - $ / shares	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
PSU
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average fair value of restricted share units (in CAD per share)	$ 22.21
RSU
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average fair value of restricted share units (in CAD per share)	$ 21.37	$ 24.63

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Related party transactions - Narrative (Details) - CAD ($)	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of transactions between related parties [line items]
Expenses incurred with related parties	$ 1,100,000	$ 1,300,000	$ 1,700,000
Amounts payable, related party transactions	200,000	400,000
Lease liabilities	330,500,000	334,800,000	250,700,000
Baffin Inc.
Disclosure of transactions between related parties [line items]
Amounts payable, related party transactions	0	0
Lease liabilities	2,500,000	3,100,000
Leases as lessee, related party transactions	1,600,000	1,400,000	1,400,000
Sazaby League Ltd
Disclosure of transactions between related parties [line items]
Amounts payable, related party transactions	300,000	200,000
Lease liabilities	1,900,000	2,700,000
Leases as lessee, related party transactions	5,200,000	5,900,000	0
Sales of inventory, related party transactions		11,900,000
Sazaby League Ltd | Japan Joint Venture
Disclosure of transactions between related parties [line items]
Purchases of inventory, related party transactions		11,900,000
Sazaby League Group | Japan Joint Venture
Disclosure of transactions between related parties [line items]
Sales of inventory, related party transactions	1,500,000	1,700,000	$ 0
Amounts receivable, related party transactions	100,000	$ 100,000
PCML Vendor
Disclosure of transactions between related parties [line items]
Lease liabilities	1,200,000
Operating expense excluding cost of sales	1,500,000
Cash outflow for leases	$ 100,000

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Related party transactions - Schedule of Transactions between Related Parties (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Related party transactions [abstract]
Short term employee benefits	$ 10.8	$ 10.1	$ 12.5
Long term employee benefits	0.2	0.1	0.1
Termination benefits	1.0	0.0	0.0
Share-based compensation	7.3	11.2	11.5
Compensation expense	$ 19.3	$ 21.4	$ 24.1

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Financial instruments and fair values (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	$ 1,481.6	$ 1,590.0
Financial liabilities	1,058.1	1,112.5
Carrying value | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	1.9	3.3
Carrying value | Mainland China Facilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	9.8
Carrying value | Japan Facility
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5.4	13.7
Carrying value | Term Loan
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	392.5	395.7
Carrying value | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5.3	6.0
Carrying value | Put option liability included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	29.4	32.1
Carrying value | Contingent consideration included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	17.7	16.8
Carrying value | Earn-Out included in other long-term liabilities (note 5)
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	1.5	0.0
Carrying value | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	15.1	12.4
Carrying value | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	6.9	12.4
Fair value | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	1.9	3.3
Fair value | Mainland China Facilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	9.8
Fair value | Japan Facility
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5.4	13.7
Fair value | Term Loan
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	389.2	433.1
Fair value | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5.3	6.0
Fair value | Put option liability included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	29.4	32.1
Fair value | Contingent consideration included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	17.7	16.8
Fair value | Earn-Out included in other long-term liabilities (note 5)
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	1.5	0.0
Fair value | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	15.1	12.4
Fair value | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	6.9	12.4
Level 1 | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Mainland China Facilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Japan Facility
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Term Loan
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Put option liability included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Contingent consideration included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Earn-Out included in other long-term liabilities (note 5)
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 1 | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	0.0	0.0
Level 1 | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	0.0	0.0
Level 2 | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	1.9	3.3
Level 2 | Mainland China Facilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 2 | Japan Facility
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5.4	13.7
Level 2 | Term Loan
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	392.5	395.7
Level 2 | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5.3	6.0
Level 2 | Put option liability included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 2 | Contingent consideration included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 2 | Earn-Out included in other long-term liabilities (note 5)
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 2 | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	15.1	12.4
Level 2 | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	6.9	12.4
Level 3 | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 3 | Mainland China Facilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	9.8
Level 3 | Japan Facility
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 3 | Term Loan
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 3 | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	0.0	0.0
Level 3 | Put option liability included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	29.4	32.1
Level 3 | Contingent consideration included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	17.7	16.8
Level 3 | Earn-Out included in other long-term liabilities (note 5)
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	1.5	0.0
Level 3 | Derivatives included in accounts payable and accrued liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	0.0	0.0
Level 3 | Derivatives included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	$ 0.0	$ 0.0

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Financial instruments and fair values - Narrative (Details) ¥ in Millions	12 Months Ended
	Mar. 31, 2024 JPY (¥)	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 JPY (¥)	Apr. 02, 2023 CAD ($)
Contingent consideration included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Gains (losses) recognised in profit or loss excluding exchange differences, fair value measurement, liabilities	¥ (327.0)	$ (900,000)	¥ 301.2	$ 3,200,000
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, liabilities		(1,900,000)		$ (300,000)
Cash flow forecasts, term (in years)			4 years	4 years
Put option liability included in other long-term liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Gains (losses) recognised in profit or loss excluding exchange differences, fair value measurement, liabilities	¥ (129.3)	2,700,000	¥ (1,079.9)	$ (10,900,000)
Gains (losses) recognised in profit or loss on exchange differences, fair value measurement, liabilities		$ (4,300,000)		$ (100,000)
Cash flow forecasts, term (in years)	10 years	10 years

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Financial risk management objectives and policies - Schedule of Contractual Undiscounted Future Cash Flow Requirements (Details) $ in Millions	Mar. 31, 2024 CAD ($)
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	$ 177.7
Lease obligations	390.3
Pension obligation	1.8
Total contractual obligations	1,091.4
Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	$ 5.4
Borrowings, interest rate	0.45%
Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	$ 393.1
Borrowings, interest rate	8.94%
Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	$ 123.1
2025
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	177.7
Lease obligations	92.0
Pension obligation	0.0
Total contractual obligations	314.3
2025 | Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	5.4
2025 | Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	4.0
2025 | Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	35.2
2026
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0.0
Lease obligations	75.8
Pension obligation	0.0
Total contractual obligations	115.1
2026 | Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
2026 | Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	4.1
2026 | Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	35.2
2027
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0.0
Lease obligations	66.3
Pension obligation	0.0
Total contractual obligations	105.6
2027 | Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
2027 | Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	4.1
2027 | Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	35.2
2028
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0.0
Lease obligations	42.1
Pension obligation	0.0
Total contractual obligations	440.5
2028 | Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
2028 | Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	380.9
2028 | Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	17.5
2029
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0.0
Lease obligations	32.5
Pension obligation	0.0
Total contractual obligations	32.5
2029 | Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
2029 | Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
2029 | Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	0.0
Thereafter
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Accounts payable and accrued liabilities	0.0
Lease obligations	81.6
Pension obligation	1.8
Total contractual obligations	83.4
Thereafter | Japan Facility
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
Thereafter | Term Loan
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Contractual obligations with banks	0.0
Thereafter | Interest commitments relating to borrowings
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest commitments relating to borrowings	$ 0.0

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Financial risk management objectives and policies - Narrative (Details) ¥ in Thousands, ¥ in Millions, $ in Millions			12 Months Ended
	Apr. 14, 2020 CAD ($)	Dec. 23, 2019 EUR (€)	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 CAD ($)	Apr. 03, 2022 CAD ($)	Mar. 31, 2024 JPY (¥)	Mar. 31, 2024 CAD ($)	Mar. 31, 2024 CNY (¥)	Jun. 30, 2023 USD ($)	Apr. 02, 2023 JPY (¥)	Apr. 02, 2023 CAD ($)	Oct. 30, 2020 CAD ($)	Oct. 30, 2020 USD ($)	Oct. 07, 2020 USD ($)
Disclosure of credit risk exposure [line items]
Current deposits from customers							$ 22,900,000				$ 200,000
Trade accounts receivable factored limit | €		€ 20,000,000
Exchange rate of cash received for trade accounts receivable		100.00%
Trade accounts receivable factor fee rate		1.15%
Proceeds from sale of trade accounts receivable			$ 46,300,000	$ 45,700,000
Trade accounts receivable factor fee expense (less than)			400,000	300,000
Trade accounts receivable derecognized but serviced							600,000				1,100,000
Settlement of term loan derivative contracts			0	8,600,000	$ 0
Foreign exchange risk
Disclosure of credit risk exposure [line items]
Unrealized gains (losses) on foreign exchange contracts not treated as hedges			1,700,000	4,500,000	4,700,000
Fair value hedges | Foreign currency risk | Forward contract
Disclosure of credit risk exposure [line items]
Borrowings													$ 270.0
Hedging instrument, term												5 years	5 years
Notional amount of derivative												$ 368,500,000
Cash flow hedges | Foreign exchange risk | Long-dated forward exchange contract
Disclosure of credit risk exposure [line items]
Unrealized gains (losses) on foreign exchange contracts not treated as hedges			$ (1,300,000)	$ 17,500,000	$ (4,600,000)
Third party | Credit risk
Disclosure of credit risk exposure [line items]
Accounts receivable, insurance lossess, deductible amount							100,000
Accounts receivable, insurance losses, maximum annual amount insured							30,000,000
Accounts receivable insured under the agreement							14,800,000				10,300,000
Third party | Credit risk | Canada Goose Japan, K.K.
Disclosure of credit risk exposure [line items]
Accounts receivable, insurance losses, maximum annual amount insured | ¥						¥ 540,000
Accounts receivable insured under the agreement						¥ 32,500	$ 300,000			¥ 72,800	700,000
Accounts receivable, insurance losses, percentage deductible						10.00%	10.00%	10.00%
Accounts receivable, insurance losses, minimum account receivables | ¥						¥ 100
Third party | Maximum | Credit risk
Disclosure of credit risk exposure [line items]
Accounts receivable, insurance losses, coverage percentage						90.00%	90.00%	90.00%
Short-term borrowings
Disclosure of credit risk exposure [line items]
Line of credit facility, maximum borrowing capacity	$ 10,000,000
Line of credit facility, maximum term	12 months
Line of credit, annual percentage	1.00%
Line of credit, outstanding amount							$ 7,400,000
Short-term borrowings | Mainland China Facilities
Disclosure of credit risk exposure [line items]
Line of credit, outstanding amount							9,100,000
Mainland China Facilities
Disclosure of credit risk exposure [line items]
Borrowings							50,000,000	¥ 266.4
Japan Facility
Disclosure of credit risk exposure [line items]
Line of credit facility, maximum borrowing capacity						¥ 4,000,000	$ 35,800,000
Borrowings, interest rate						0.45%	0.45%	0.45%
Japan Facility | Interest rate risk
Disclosure of credit risk exposure [line items]
Borrowings, interest rate						0.45%	0.45%	0.45%
Term Loan
Disclosure of credit risk exposure [line items]
Borrowings							$ 392,500,000				$ 395,700,000			$ 300.0
Borrowings, interest rate						8.94%	8.94%	8.94%
Term Loan | Interest rate risk
Disclosure of credit risk exposure [line items]
Borrowings, interest rate						8.94%	8.94%	8.94%
Term Loan | Interest rate risk | Interest rate swap contract
Disclosure of credit risk exposure [line items]
Hedging instrument, term												5 years	5 years
Notional amount of derivative									$ 300.0				$ 270.0

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Financial risk management objectives and policies - Schedule of Aging of Trade Receivables (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023
Trade And Other Current Receivables [Line Items]
Trade accounts receivable	$ 57.1	$ 30.4
Credit card receivables	3.7	2.5
Other receivables	12.3	19.5
Current receivables	73.1	52.4
Credit risk | Carrying value
Trade And Other Current Receivables [Line Items]
Trade accounts receivable	57.1	30.4
Credit card receivables	3.7	2.5
Other receivables	12.3	19.5
Current receivables	73.1	52.4
Credit risk | Current | Carrying value
Trade And Other Current Receivables [Line Items]
Trade accounts receivable	33.5	22.2
Credit card receivables	3.7	2.5
Other receivables	11.8	18.9
Current receivables	49.0	43.6
Credit risk | Less than 30 days | Carrying value
Trade And Other Current Receivables [Line Items]
Trade accounts receivable	10.0	4.4
Credit card receivables	0.0	0.0
Other receivables	0.3	0.5
Current receivables	10.3	4.9
Credit risk | 31-60 days | Carrying value
Trade And Other Current Receivables [Line Items]
Trade accounts receivable	5.1	1.1
Credit card receivables	0.0	0.0
Other receivables	0.0	0.0
Current receivables	5.1	1.1
Credit risk | > 61 days | Carrying value
Trade And Other Current Receivables [Line Items]
Trade accounts receivable	8.5	2.7
Credit card receivables	0.0	0.0
Other receivables	0.2	0.1
Current receivables	$ 8.7	$ 2.8

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Financial risk management objectives and policies - Schedule of Unrealized Losses in Fair Value of Cash Flow Hedges in Other Comprehensive Income (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of detailed information about hedges [line items]
Gains (losses) on cash flow hedges, net of tax	$ (0.5)	$ 0.4	$ 8.7
Foreign exchange risk | Operating hedge program | Cash flow hedges
Disclosure of detailed information about hedges [line items]
Gains (losses) on cash flow hedges, net of tax	1.3	(3.7)	(4.5)
Tax expense (recovery)	$ 0.1	$ 0.9	$ (0.1)

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Financial risk management objectives and policies - Schedule of Losses (Gains) Reclassified from Other Comprehensive Income on Cash Flow Hedges to the Consolidated Financial Statements (Details) - Foreign exchange risk - Operating hedge program - Cash flow hedges - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of detailed information about hedges [line items]
Revenue	$ 1.8	$ 5.5	$ 3.9
SG&A expenses	(0.4)	0.1	(0.4)
Inventory	$ 0.5	$ 0.8	$ (0.9)

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Financial risk management objectives and policies - Schedule of Foreign Currency Forward Exchange Contracts (Details) - Mar. 31, 2024 € in Millions, ¥ in Millions, ¥ in Millions, £ in Millions, SFr in Millions, $ in Millions, $ in Millions	USD ($)	EUR (€)	JPY (¥)	CNY (¥)	GBP (£)	HKD ($)	CHF (SFr)
Forward contract to purchase Canadian dollars
Disclosure of nature and extent of risks arising from financial instruments [line items]
Aggregate Amounts	$ 62.1	€ 89.3	¥ 2,085.8
Forward contract to sell Canadian dollars
Disclosure of nature and extent of risks arising from financial instruments [line items]
Aggregate Amounts	$ 22.4	€ 40.1
Forward contract to purchase euros
Disclosure of nature and extent of risks arising from financial instruments [line items]
Aggregate Amounts				¥ 525.4	£ 25.5	$ 32.9	SFr 0.1
Forward contract to sell euros
Disclosure of nature and extent of risks arising from financial instruments [line items]
Aggregate Amounts				¥ 9.2	£ 1.5	$ 7.0	SFr 3.3

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Financial risk management objectives and policies - Schedule of Unrealized Gains (Losses) in Fair Value of Hedging Instruments in Other Comprehensive Income (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of detailed information about hedges [line items]
Net loss	$ (0.5)	$ 0.4	$ 8.7
Foreign exchange risk | Cross currency swap | Cash flow hedges
Disclosure of detailed information about hedges [line items]
Net loss	(1.8)	4.1	13.2
Tax recovery	$ 0.3	$ (0.8)	$ (4.5)

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Financial risk management objectives and policies - Schedule of Losses (Gains) Reclassified from Other Comprehensive Income on Hedging Instruments to the Consolidated Financial Statements (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of detailed information about hedges [line items]
Swaps designated as cash flow hedges	$ 1.1	$ (6.0)	$ (4.7)
Foreign exchange risk | Cross currency swap | Cash flow hedges
Disclosure of detailed information about hedges [line items]
Swaps designated as cash flow hedges	$ (2.0)	$ 0.5	$ 0.9

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Financial risk management objectives and policies - Schedule of Sensitivity Analysis for Interest Rate Risk (Details) $ in Millions, $ in Millions	12 Months Ended
	Mar. 31, 2024 CAD ($)	Apr. 02, 2023 CAD ($)	Jun. 30, 2023 USD ($)	Jun. 29, 2023	Oct. 30, 2020 USD ($)
Interest rate risk
Disclosure of credit risk exposure [line items]
Reasonably possible increase in average interest rate	1.00%
Floating interest rate [member] | Interest rate swap contract
Disclosure of credit risk exposure [line items]
Average rate of hedging instrument			1.76%	1.97%
Japan Facility
Disclosure of credit risk exposure [line items]
Borrowings, interest rate	0.45%
Japan Facility | Interest rate risk
Disclosure of credit risk exposure [line items]
Borrowings, interest rate	0.45%
Increase in interest expense from change in average interest rate	$ 0.1	$ 0.3
Term Loan
Disclosure of credit risk exposure [line items]
Borrowings, interest rate	8.94%
Term Loan | Interest rate risk
Disclosure of credit risk exposure [line items]
Borrowings, interest rate	8.94%
Increase in interest expense from change in average interest rate	$ 3.9	$ 3.9
Term Loan | Interest rate risk | Interest rate swap contract
Disclosure of credit risk exposure [line items]
Hedging instrument, term					5 years
Notional amount of derivative			$ 300.0		$ 270.0

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Selected cash flow information - Schedule of Changes in Non-Cash Operating Items (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Cash Flow Information [Abstract]
Trade receivables	$ (12.4)	$ (4.6)	$ (8.7)
Inventories	27.2	(49.9)	(60.7)
Other current assets	2.8	(9.4)	(3.4)
Amounts settled or written off during the year	(9.5)	(16.8)	(8.5)
Provisions	5.2	9.0	3.7
Other	(2.8)	(3.7)	(5.2)
Change in non-cash operating items	$ 10.5	$ (75.4)	$ (82.8)

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Selected cash flow information - Schedule of Changes in Liabilities and Equity Arising from Financing Activities (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023
Share capital
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	$ 118.7	$ 118.5
Cash flows:
Normal course issuer bid purchase of subordinate voting shares	(140.2)	(26.7)
Issuance of shares	0.1
Non-cash items:
Share purchase charge to retained earnings (note 18)	122.4	24.3
Normal course issuer bid purchase of subordinate voting shares held for cancellation (note 18)		(0.1)
Contributed surplus on share issuances (note 18)	3.9	2.7
Liabilities arising from financing activities at end of period	104.9	118.7
Mainland China Facilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	9.8	0.0
Cash flows:
Repayments and principal payments	(9.8)
Mainland China Facilities borrowings		9.8
Non-cash items:
Liabilities arising from financing activities at end of period	0.0	9.8
Japan Facility
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	13.7	0.0
Cash flows:
Repayments and principal payments	(8.3)	(5.7)
Cash inflow from business combination		19.4
Non-cash items:
Liabilities arising from financing activities at end of period	5.4	13.7
Revolving Facility
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	(0.5)	(0.9)
Cash flows:
Transactions costs on financing activities	(0.1)
Non-cash items:
Accrued transaction costs	(0.7)
Amortization of deferred transaction costs	0.3	0.4
Liabilities arising from financing activities at end of period	(1.0)	(0.5)
Term Loan
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	395.7	370.0
Cash flows:
Repayments and principal payments	(4.0)	(4.0)
Transactions costs on financing activities	(0.1)
Non-cash items:
Amortization of deferred transaction costs	0.2	0.2
Unrealized foreign exchange loss (gain)	0.7	29.5
Liabilities arising from financing activities at end of period	392.5	395.7
Lease liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	334.8	250.7
Cash flows:
Repayments and principal payments	(69.2)	(62.2)
Cash inflow from business combination	1.2	3.2
Non-cash items:
Unrealized foreign exchange loss (gain)	(2.2)	11.5
Additions and amendments to lease liabilities (note 13)	65.9	132.3
Derecognition on termination of lease liabilities (note 13)		(0.7)
Liabilities arising from financing activities at end of period	330.5	334.8
Net derivative asset on terminated contracts
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Liabilities arising from financing activities at beginning of period	$ 0.0	(7.3)
Cash flows:
Settlement of term loan derivative contracts		8.6
Non-cash items:
Fair market valuation		(0.6)
Unrealized foreign exchange loss (gain)		(0.7)
Liabilities arising from financing activities at end of period		$ 0.0

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Subsequent Events (Details)	Mar. 31, 2024
Term Loan
Disclosure of non-adjusting events after reporting period [line items]
Borrowings, interest rate	8.94%

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Schedule I - Condensed Financial Information of Canada Goose Holdings Inc. - Condensed Statements of Income (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of transactions between related parties [line items]
Gross profit	$ 917.4	$ 815.2	$ 733.6
Selling, general & administrative expenses	792.9	667.6	574.1
Net interest, finance and other costs	48.8	54.1	41.8
Income before income taxes	75.7	93.5	117.7
Income tax recovery	17.6	24.6	23.1
Net income	58.1	68.9	94.6
Attributable to:
Shareholders of the Company	58.4	72.7	94.6
Non-controlling interest	(0.3)	(3.8)	0.0
Net income	58.1	68.9	94.6
Parent company
Disclosure of transactions between related parties [line items]
Equity in comprehensive income of subsidiary	63.6	97.5	88.6
Fee income from subsidiary	6.9	10.2	10.8
Gross profit	70.5	107.7	99.4
Selling, general & administrative expenses	16.7	16.8	16.9
Net interest, finance and other costs	0.0	0.5	1.9
Income before income taxes	53.8	90.4	80.6
Income tax recovery	(2.5)	(1.6)	(2.0)
Net income	56.3	92.0	82.6
Attributable to:
Shareholders of the Company	57.8	95.7	82.6
Non-controlling interest	(1.5)	(3.7)	0.0
Net income	$ 56.3	$ 92.0	$ 82.6

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Schedule I - Condensed Financial Information of Canada Goose Holdings Inc. - Condensed Statements of Financial Position (Details) - CAD ($) $ in Millions	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022	Mar. 28, 2021
Current assets
Cash	$ 144.9	$ 286.5	$ 287.7	$ 477.9
Total current assets	740.8	863.2
Deferred income taxes	76.3	67.5
Total assets	1,481.6	1,590.0
Current liabilities
Accounts payable and accrued liabilities	177.7	195.6
Total current liabilities	309.9	352.4
Total liabilities	1,058.1	1,112.5
Equity
Equity attributable to shareholders of the Company	417.0	469.5
Non-controlling interests	6.5	8.0
Total equity	423.5	477.5	427.9	577.6
Total liabilities and equity	1,481.6	1,590.0
Parent company
Current assets
Cash	0.0	6.9	0.3	4.3
Total current assets	0.0	6.9
Note receivable from subsidiary	92.6	76.4
Investment in subsidiary	408.9	479.8
Deferred income taxes	13.4	10.9
Total assets	514.9	574.0
Current liabilities
Accounts payable and accrued liabilities	1.6	20.1
Due to subsidiary	60.4	44.3
Total current liabilities	62.0	64.4
Other non-current liabilities	29.4	32.1
Total liabilities	91.4	96.5
Equity
Equity attributable to shareholders of the Company	417.0	469.5
Non-controlling interests	6.5	8.0
Total equity	423.5	477.5	$ 427.9	$ 577.6
Total liabilities and equity	$ 514.9	$ 574.0

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Schedule I - Condensed Financial Information of Canada Goose Holdings Inc. - Condensed Statements of Changes in Equity (Details) - CAD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	$ 477.5	$ 427.9	$ 577.6
Non-controlling interest on business combination		11.7
Put option for non-controlling interest		(21.2)
Normal course issuer bid purchase of subordinate voting shares	(140.2)	(26.7)	(253.2)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(1.2)
Liability to broker under automatic share purchase plan	20.0	(20.0)
Issuance of shares	0.1	0.0	7.1
Net income	58.1	68.9	94.6
Share-based payment	9.8	15.0	14.0
Deferred tax on share-based payment			(0.2)
Shareholders’ equity, ending balance	423.5	477.5	427.9
Total attributable to shareholders
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	469.5	427.9	577.6
Put option for non-controlling interest		(21.2)
Normal course issuer bid purchase of subordinate voting shares	(140.2)	(26.7)	(253.2)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(1.2)
Liability to broker under automatic share purchase plan	20.0	(20.0)
Issuance of shares	0.1	0.0	7.1
Net income	58.4	72.7	94.6
Share-based payment	9.8	15.0	14.0
Deferred tax on share-based payment			(0.2)
Shareholders’ equity, ending balance	417.0	469.5	427.9
Share capital
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	118.7	118.5	120.5
Normal course issuer bid purchase of subordinate voting shares	(17.8)	(2.4)	(11.9)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(0.1)
Issuance of shares	4.0	2.7	9.9
Shareholders’ equity, ending balance	104.9	118.7	118.5
Contributed surplus
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	28.5	36.2	25.2
Liability to broker under automatic share purchase plan	20.0	(20.0)
Issuance of shares	(3.9)	(2.7)	(2.8)
Share-based payment	9.8	15.0	14.0
Deferred tax on share-based payment			(0.2)
Shareholders’ equity, ending balance	54.4	28.5	36.2
Retained earnings
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	316.5	290.4	437.1
Put option for non-controlling interest		(21.2)
Normal course issuer bid purchase of subordinate voting shares	(122.4)	(24.3)	(241.3)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(1.1)
Net income	58.4	72.7	94.6
Shareholders’ equity, ending balance	252.5	316.5	290.4
Non-controlling interest
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	8.0	0.0	0.0
Non-controlling interest on business combination		11.7
Net income	(0.3)	(3.8)
Shareholders’ equity, ending balance	6.5	8.0	0.0
Parent company
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	477.5	427.9	577.6
Non-controlling interest on business combination		11.7
Put option for non-controlling interest		(21.2)
Normal course issuer bid purchase of subordinate voting shares	(140.2)	(26.7)	(253.2)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(1.2)
Liability to broker under automatic share purchase plan	20.0	(20.0)
Issuance of shares	0.1	0.0	7.1
Net income	56.3	92.0	82.6
Share-based payment	9.8	15.0	14.0
Deferred tax on share-based payment			(0.2)
Shareholders’ equity, ending balance	423.5	477.5	427.9
Parent company | Total attributable to shareholders
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	469.5	427.9	577.6
Put option for non-controlling interest		(21.2)
Normal course issuer bid purchase of subordinate voting shares	(140.2)	(26.7)	(253.2)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(1.2)
Liability to broker under automatic share purchase plan	20.0	(20.0)
Issuance of shares	0.1	0.0	7.1
Net income	57.8	95.7	82.6
Share-based payment	9.8	15.0	14.0
Deferred tax on share-based payment			(0.2)
Shareholders’ equity, ending balance	417.0	469.5	427.9
Parent company | Share capital
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	118.7	118.5	120.5
Normal course issuer bid purchase of subordinate voting shares	(17.8)	(2.4)	(11.9)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(0.1)
Issuance of shares	4.0	2.7	9.9
Shareholders’ equity, ending balance	104.9	118.7	118.5
Parent company | Contributed surplus
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	28.5	36.2	25.2
Liability to broker under automatic share purchase plan	20.0	(20.0)
Issuance of shares	(3.9)	(2.7)	(2.8)
Share-based payment	9.8	15.0	14.0
Deferred tax on share-based payment			(0.2)
Shareholders’ equity, ending balance	54.4	28.5	36.2
Parent company | Retained earnings
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	322.3	273.2	431.9
Put option for non-controlling interest		(21.2)
Normal course issuer bid purchase of subordinate voting shares	(122.4)	(24.3)	(241.3)
Normal course issuer bid purchase of subordinate voting shares held for cancellation		(1.1)
Net income	57.8	95.7	82.6
Shareholders’ equity, ending balance	257.7	322.3	273.2
Parent company | Non-controlling interest
Disclosure of transactions between related parties [line items]
Shareholders’ equity, beginning balance	8.0	0.0	0.0
Non-controlling interest on business combination		11.7
Net income	(1.5)	(3.7)
Shareholders’ equity, ending balance	$ 6.5	$ 8.0	$ 0.0

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Schedule I - Condensed Financial Information of Canada Goose Holdings Inc. - Condensed Statements of Cash Flows (Details) - CAD ($)	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Operating activities
Net income (loss)	$ 58,100,000	$ 68,900,000	$ 94,600,000
Items not affecting cash:
Income tax recovery	17,600,000	24,600,000	23,100,000
Share-based compensation	10,200,000	15,000,000.0	14,000,000.0
Total items not affecting cash	262,800,000	260,800,000	291,900,000
Changes in non-cash operating items	10,500,000	(75,400,000)	(82,800,000)
Net cash from operating activities	164,600,000	116,300,000	151,600,000
Investing activities
Net cash used in investing activities	(72,400,000)	(45,300,000)	(37,200,000)
Financing activities
Normal course issuer bid purchase of subordinate voting shares	(141,400,000)	(26,700,000)	(253,200,000)
Exercise of stock options	100,000	0	7,100,000
Net cash used in financing activities	(232,800,000)	(80,700,000)	(298,200,000)
Decrease in cash	(141,600,000)	(1,200,000)	(190,200,000)
Cash, beginning of period	286,500,000	287,700,000	477,900,000
Cash, end of period	144,900,000	286,500,000	287,700,000
Parent company
Operating activities
Net income (loss)	56,300,000	92,000,000.0	82,600,000
Items not affecting cash:
Equity in undistributed earnings of subsidiary	(63,600,000)	(97,500,000)	(88,600,000)
Net interest expense	0	500,000	1,900,000
Income tax recovery	(2,500,000)	(1,600,000)	(2,000,000.0)
Share-based compensation	9,800,000	15,000,000.0	14,000,000.0
Total items not affecting cash	0	8,400,000	7,900,000
Changes in non-cash operating items	1,700,000	(493,500,000)	(20,200,000)
Intercompany accounts payable	0	240,000,000.0	242,500,000
Net cash from operating activities	1,700,000	(245,100,000)	230,200,000
Investing activities
Dividend received	131,500,000	198,400,000	0
Investment in shares of subsidiary	0	80,000,000.0	0
Net cash used in investing activities	131,500,000	278,400,000	0
Financing activities
Normal course issuer bid purchase of subordinate voting shares	(140,200,000)	(26,700,000)	(241,300,000)
Exercise of stock options	100,000	0	7,100,000
Net cash used in financing activities	(140,100,000)	(26,700,000)	(234,200,000)
Decrease in cash	(6,900,000)	6,600,000	(4,000,000.0)
Cash, beginning of period	6,900,000	300,000	4,300,000
Cash, end of period	$ 0	$ 6,900,000	$ 300,000

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Schedule I - Condensed Financial Information of Canada Goose Holdings Inc. - Narrative (Details) - CAD ($)	12 Months Ended
	Mar. 31, 2024	Apr. 02, 2023	Apr. 03, 2022
Parent company
Disclosure of transactions between related parties [line items]
Dividend received	$ 131,500,000	$ 198,400,000	$ 0