Canada Goose Investor Day Presentation Deck
Disclaimer
All references in this presentation to "Canada Goose", the "Company", "we", "our", "us" or similar terms refer to Canada Goose Holdings Inc., together with its subsidiaries. This presentation has been prepared by
Canada Goose solely for information purposes. This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. Unless otherwise indicated, all amounts are
presented in Canadian dollars.
Long-Term Financial Outlook
General
This presentation includes, and any discussion during or following this presentation may include, financial outlook for the Company's ongoing 2023 fiscal year and financial outlook for the Company's 2028 fiscal year
and related long-term targets. Within the meaning of applicable securities laws, such financial outlook and targets constitute "financial outlook" and "forward-looking information". The purpose of this financial outlook
is to provide a description of management's expectations regarding the Company's annual and long-term financial performance and may not be appropriate for other purposes. Actual results could vary materially as
a result of numerous factors, including the risk factors referenced below under "Forward-Looking Information".
The financial outlook for fiscal 2028 and related long-term targets are based on the following key assumptions for the period from the end of fiscal 2023 to the end of fiscal 2028, among others:
The assumptions discussed above in relation to our long-term targets and strategic growth pillars, including our ability to realize on the initiatives noted therein;
Our ability to increase permanent retail store count to between 130 and 150 with growth across Asia Pacific, EMEA and North America;
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Our ability to increase store productivity and Ecommerce sales with year-round product assortments, pricing and an elevated retail and digital experience;
Our ability to optimize wholesale and other distribution, including the introduction of travel retail and the buyback of key distributor markets;
DTC revenue representing approximately 80% of total revenue in fiscal 2028;
Our ability to achieve and maintain DTC gross margin in the mid 70% range and Wholesale gross margin in the mid to high 40% range, with heavy weight down, light weight down and other product categories
representing approximately 50%, 25% and 25% of revenue, respectively, in fiscal 2028;
SG&A costs decreasing to approximately 40% of revenue with marketing costs increasing slightly faster than revenue as the Company generates more efficiency from its overhead costs and improves store
productivity;
Taxation rates consistent with historical levels; and
No material fluctuations in foreign exchange rates relative to current levels.
The Company's outlook is based on its best assessment of the current macroeconomic environment, including ongoing global supply chain and inflationary pressures, foreign currency volatility, the war in Ukraine,
COVID-19 variants and other COVID-related disruptions. Over the course of its long-term outlook, the Company expects the recovery of retail environment strength to pre-pandemic levels, decrease in inflationary
pressures to normalized levels and stability of other economic factors in the regions in which the Company operates.
The financial outlook for fiscal 2028 and related long-term targets also incorporate the Company's previously announced fiscal 2023 financial outlook. Please refer to the press release issued on February 2, 2023
under "Full Year Fiscal 2023 Outlook" for a description of the material factors and assumptions used to develop financial outlook for the Company's ongoing 2023 fiscal year.
The financial outlook for the Company's ongoing 2023 fiscal year and financial outlook for the Company's 2028 fiscal year and related long-term targets excludes certain anticipated restructuring-related and other
net charges as described under (or as incorporated by reference under) "Non-IFRS Financial Measures and Other Specified Financial Measures".
CANADA GOOSE
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