Canada Goose Holdings Inc

Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Canada Goose Quarter One Fiscal Year 26 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply press star, then the number one on your telephone keypad. I would now like to turn the call over to Neil Boden, Chief Financial Officer. Neil, please go ahead.

Good morning, everyone. With me today are Danny Reese, our chairman and CEO, Kerry Baker, president of Brandon Commercial, and Beth Clymer, president, chief operating officer. For today's call, Danny and I will start with prepared remarks, and then the four of us will take questions as usual. Today's presentation will contain forward-looking statements that are based on assumptions and therefore subject to risks and uncertainties that could cause actual results to differ materially from those projected. We undertake no obligation to update these statements except as required by law. You can read about these assumptions, risks and uncertainties in our filings with US and Canadian regulators. These documents are also available on the investor relations section of our website. We report in Canadian dollars so the amount discussed today are in Canadian dollars unless otherwise indicated. Please note the financial results described on today's call will compare first quarter results ended June 29th, 2025, but the same period ended June 30th, 2024, unless otherwise noted. With that, I'll turn the call over to Danny.

Thanks, Neil, and good morning, everyone. Since we kicked off fiscal 2026, it is clear spring is a growth opportunity and we are capitalizing on it in a big way. This season, we showed up differently with fresh product, bold marketing, and a clear point of view that sparked new energy around the brand. And as customers engaged with us, we delivered, executing with strength across every channel. The first quarter marked a strong start to the year with revenue up 22% year over year. Our -to-consumer business showed positive momentum, continuing since December of last year, delivering 15% due to see comparable sales growth for the quarter. This now marks seven consecutive months of positive comps. Our performance in North America and mainland China were particularly highlighted this quarter, which gives us confidence as we enter the peak season. Our seasonally relevant assortment, commitment to maintaining a consistent and impactful marketing presence, and our focused execution of a -to-consumer strategy is clearly working. On our fourth quarter call, we shared our operating imperatives with you. Please continue to provide the foundation for our execution. First, expanding our product offering to enhance year-round relevance. This quarter, we introduced more new units than ever before, making our stores more seasonally relevant and well positioned with the collection that resonated with consumers in the moment. The Emerson t-shirt, a new style launched this season, topped our best sellers this quarter, followed by the Beckley Polo and Chilliwack fleas. Apparel was our fastest growing category in Q1, but newness and relevance across our assortment also drove higher growth in our core outerwear products as well. Second, building brand heat through focused marketing investments. In the first quarter, we continued to drive brand momentum through strategic marketing investments in our spring, summer, and snow goose summer campaigns. The spring, summer campaign brought a fresh energy to the brand, playful and relevant with a clear message. We do summer too. It challenged old perceptions and made people take notice. Backed by more Stephen-specific product and elevated storytelling, it sparked real momentum. The snow goose campaign built on that heat, resonating globally and driving a strong lift in our media reach, engagement, and follower growth. Clear signals that that campaign landed. What Heider is doing is bold. He's reaching deep into the DNA of Canada Goose and pulling it forward, reinterpreting our heritage in a way that feels right now. Snow goose puts us squarely in the pop culture conversation, creating something that speaks to long-time fans while capturing the attention of a whole new generation. To channel development, we are executing across direct to consumer and wholesale to deliver an elevated experience at every touch point. A direct to consumer comparable sales growth has remained positive in recent months. We're seeing strong alignment across product marketing and channel operations, driving store conversion higher year over year in every region. These are clear proof points of the progress that we are making. That said, we are not standing still. Our teams around the world continue to push for more and we're seeing the translate into the second quarter, with July showing yet another strong month. Finally, I want to highlight the recent release of our fiscal 2025 impact report. We are continuously looking to improve and innovate, ensuring that our efforts lead to a more sustainable future. In fiscal 2025, we achieved a 9% reduction in scope one emissions and a 25% reduction in scope three emissions, while additionally investing in 10 renewable energy projects fully match our scope two. I'm very proud of both our progress and of our teams for their commitment every step of the way. In closing, I'm energized about the momentum we have built, especially in the uncertain economic environment. We're unlocking major growth opportunities that set Canada Goose up for continued success through the rest of the year and beyond. And with that, I'll turn it over to Neil.