Canada Goose Holdings Inc. Files 20-F Annual Report

TL;DR

<b>Canada Goose Holdings Inc. has filed its annual 20-F report for the fiscal year ending March 31, 2024.</b>

AI Summary

Canada Goose Holdings Inc. (GOOS) filed a Foreign Annual Report (20-F) with the SEC on May 16, 2024. Filed 20-F annual report for the period ending March 31, 2024. Company name: Canada Goose Holdings Inc. Central Index Key: 0001690511. Standard Industrial Classification: APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]. Incorporated in: A1.

Why It Matters

For investors and stakeholders tracking Canada Goose Holdings Inc., this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance and business operations for the past fiscal year. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential risks.

Risk Assessment

Risk Level: low — Canada Goose Holdings Inc. shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, significant new information that would alter the risk profile.

Analyst Insight

Review the full 20-F filing for detailed financial statements, risk factors, and management discussion to understand Canada Goose's performance and outlook.

Key Numbers

• 2024-03-31 — Conformed Period of Report (Fiscal year end)
• 2024-05-16 — Filed as of Date (Date of filing)
• 001-38027 — SEC File Number (SEC filing identifier)
• 24953585 — Film Number (SEC film identifier)

Key Players & Entities

• Canada Goose Holdings Inc. (company) — Filer name
• 0001690511 (company) — Central Index Key
• 2300 (regulator) — Standard Industrial Classification
• 250 BOWIE AVENUE (company) — Business Address Street 1
• TORONTO (company) — Business Address City
• A6 (company) — Business Address State
• M6E 4Y2 (company) — Business Address ZIP
• 416-780-9850 (company) — Business Phone

FAQ

Industry Context

Canada Goose Holdings Inc. operates in the apparel industry, specifically focusing on luxury outerwear.

Regulatory Implications

The filing is a Form 20-F, which is an annual report required by the U.S. Securities and Exchange Commission (SEC) for foreign private issuers.

What Investors Should Do

1. Analyze the detailed financial statements within the 20-F for revenue, profitability, and balance sheet changes.
2. Review the 'Risk Factors' section (if available in the full document) for any new or evolving risks.
3. Compare key financial metrics to previous years to identify trends and performance changes.

Year-Over-Year Comparison

This is the initial filing of the 20-F for the fiscal year ending March 31, 2024. Previous filings would cover earlier periods.

Key Financial Figures

• $ — in Canadian dollars, all references to "$," "C$," "CDN$," "CAD$," and "dollars" m
• $203.7m — ondition. As of March 31, 2024, we had $203.7m of unused borrowing capacity under our
• $393.1m — , with no principal amount outstanding, $393.1m of term loans under our Term Loan (as d
• $5.4m — nder the Mainland China Facilities, and $5.4m owing on our Japan Facility (as defined
• $398.5m — fined below), for total indebtedness of $398.5m. As at March 31, 2024, cash on hand was
• $144.9m — As at March 31, 2024, cash on hand was $144.9m (April 2, 2023 - $286.5m). We also gene
• $286.5m — sh on hand was $144.9m (April 2, 2023 - $286.5m). We also generally experience signific

Filing Documents

• goos-20240331.htm (20-F) — 4159KB
• exhibit81fy2024.htm (EX-8.1) — 15KB
• exhibit121fy2024.htm (EX-12.1) — 18KB
• exhibit122fy2024.htm (EX-12.2) — 18KB
• exhibit131fy2024.htm (EX-13.1) — 7KB
• exhibit132fy2024.htm (EX-13.2) — 7KB
• exhibit151fy2024.htm (EX-15.1) — 3KB
• exhibit191insidertradingpo.htm (EX-19.1) — 50KB
• exhibit971clawbackpolicy.htm (EX-97.1) — 30KB
• goos-20240331_g1.jpg (GRAPHIC) — 206KB
• image_0.jpg (GRAPHIC) — 388KB
• image_1.jpg (GRAPHIC) — 26KB
• 0001690511-24-000010.txt (&nbsp;) — 19251KB
• goos-20240331.xsd (EX-101.SCH) — 145KB
• goos-20240331_cal.xml (EX-101.CAL) — 141KB
• goos-20240331_def.xml (EX-101.DEF) — 708KB
• goos-20240331_lab.xml (EX-101.LAB) — 1113KB
• goos-20240331_pre.xml (EX-101.PRE) — 959KB
• goos-20240331_htm.xml (XML) — 3408KB

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 8

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 8

OFFER STATISTICS AND EXPECTED TIMETABLE 8

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 8

KEY INFORMATION 8

ITEM 3. KEY INFORMATION 8

INFORMATION ON THE COMPANY 31

ITEM 4. INFORMATION ON THE COMPANY 31

UNRESOLVED STAFF COMMENTS 43

ITEM 4A. UNRESOLVED STAFF COMMENTS 43

OPERATING AND FINANCIAL REVIEW AND PROSPECTS 43

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 43

DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 94

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 94

MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 112

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 112

FINANCIAL INFORMATION 117

ITEM 8. FINANCIAL INFORMATION 117

THE OFFER AND LISTING 117

ITEM 9. THE OFFER AND LISTING 117

ADDITIONAL INFORMATION 117

ITEM 10. ADDITIONAL INFORMATION 117

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 133

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 133

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 133

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 133

DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 134

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 134

MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 134

ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 134

CONTROLS AND PROCEDURES 134

ITEM 15. CONTROLS AND PROCEDURES 134

AUDIT COMMITTEE FINANCIAL EXPERT 134

ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 134

CODE OF ETHICS 134

ITEM 16B. CODE OF ETHICS 134

PRINCIPAL ACCOUNTANT FEES AND SERVICES 135

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 135

EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 135

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 135

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 135

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 135

CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 137

ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 137

CORPORATE GOVERNANCE 137

ITEM 16G. CORPORATE GOVERNANCE 137

MINE SAFETY DISCLOSURE 138

ITEM 16H. MINE SAFETY DISCLOSURE 138

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 139

ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 139

FINANCIAL STATEMENTS 141

ITEM 17. FINANCIAL STATEMENTS 141

FINANCIAL STATEMENTS 141

ITEM 18. FINANCIAL STATEMENTS 141

EXHIBITS 142

ITEM 19. EXHIBITS 142 EXHIBIT INDEX 142 SIGNATURES 144

FINANCIAL STATEMENTS F- 1

FINANCIAL STATEMENTS F- 1 - 4 - 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 a

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

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 availab

View Full Filing

View this 20-F filing on SEC EDGAR