Page 1

Canada Goose Reports Results for Third Quarter Fiscal 2021 CANADA GOOSE ARCTIC PROGRAM Third Quarter Fiscal 2021 Highlights ( in Canadian dollars ) : • Total revenue $ 474.0m • Net income $ 107.0m , or $ 0.96 per diluted share • • Non - IFRS adjusted EBIT margin 33.3 % Non - IFRS adjusted net income per diluted share $ 1.01 TORONTO , ON ( February 4 , 2021 ) - Canada Goose Holdings Inc. ( " Canada Goose ” or the “ Company ” ) ( NYSE : GOOS , TSX : GOOS ) today announced financial results for the third quarter ended December 27 , 2020 . " The global strength of our brand and digital business has returned Canada Goose to growth in our biggest quarter . Through HUMANATURE , we are also rapidly advancing our sustainability and purpose - based commitments , ” said Dani Reiss , President & CEO . " While we remain in an uncertain world , we are very encouraged by our strong momentum as we finish the fiscal year . " Third Quarter Fiscal 2021 Business Highlights ( compared to Third Quarter Fiscal 2020 ) • Global e - Commerce revenue increased by 39.3 % . • DTC revenue in Mainland China increased by 41.7 % . • Total revenue increased for the first time since the onset of the pandemic . Third Quarter Fiscal 2021 Results ( compared to Third Quarter Fiscal 2020 ) • Total revenue was $ 474.0m from $ 452.1m . • • • DTC revenue was $ 299.4m from $ 301.8m driven by e - Commerce growth and continued store expansion in Mainland China , offset by lower retail revenue due to COVID - 19 disruptions globally . Wholesale revenue was $ 160.8m from $ 145.3m . The increase was a result of the later timing of shipments as requested from partners and international distributors relative to the comparative quarter . Other revenue was $ 13.8m from $ 5.0m . The increase was driven by PPE sales in support of COVID - 19 response efforts . Gross profit was $ 316.4m , a gross margin of 66.8 % , compared to $ 298.4m and 66.0 % . The increase in gross profit was attributable to revenue growth and $ 4.8m of government subsidies . The increase in gross margin was a result of higher DTC and Wholesale gross margins , partially offset by a lower Other gross margin . 1