Core Insights - Canada Goose reported a 1.8% increase in total revenue to CAD 272.6 million for the second quarter of fiscal 2026, with direct-to-consumer (DTC) revenue growing by 21.8% to CAD 126.6 million, driven by a 10.2% increase in DTC comparable sales [3][9] - The company experienced an operating loss of CAD 17.6 million, compared to an operating income of CAD 1.6 million in the prior year, primarily due to increased selling, general, and administrative (SG&A) expenses [3][9] - Net loss attributable to shareholders was CAD 15.2 million, or CAD 0.16 per share, compared to a net income of CAD 5.4 million, or CAD 0.06 per share, in the same quarter last year [9][20] Business Highlights - The launch of the Fall/Winter 2025 collection emphasized modern urban storytelling and bold designs, enhancing brand engagement through partnerships, including a collaboration with NBA MVP Shai Gilgeous-Alexander [2][3] - The company relocated its Paris store to Champs-Élysées, enhancing the consumer experience with a new design and curated selections from its art collection [3] - Canada Goose opened one new store during the quarter, bringing the total permanent store count to 77 [3] Financial Performance - DTC revenue growth was attributed to improved execution, a stronger mix of in-season products, and consistent marketing efforts [3] - Wholesale revenue decreased by 1.0% to CAD 135.9 million, aligning with revenue from the comparative quarter [3] - Other revenue saw a significant decline of 62.0% to CAD 10.1 million, primarily due to fewer Friends & Family events and employee sales [3] Balance Sheet and Debt Management - Inventory decreased by 3% year-over-year to CAD 460.7 million, reflecting higher demand and proactive inventory management [4] - The company ended the quarter with net debt of CAD 707.1 million, down from CAD 826.4 million a year earlier, due to disciplined working capital management and cash generated from operations [5] Corporate Governance - Stephen Gunn retired from the Board of Directors, and Belinda Wong was appointed as an audit committee financial expert [6] Shareholder Returns - Canada Goose announced an early renewal of its normal course issuer bid (NCIB), allowing for the purchase of up to 4,578,677 subordinate voting shares over the next twelve months [7][8]

Core Viewpoint - Partners Value Investments Inc. has received approval to initiate a normal course issuer bid to repurchase up to 2,493,940 of its non-voting exchangeable shares, representing approximately 10% of the public float, effective from September 12, 2025, to September 11, 2026 [1][3]. Group 1: Bid Details - The issuer bid will be executed by RBC Capital Markets through various trading platforms in Canada, with purchases made at the market price at the time of acquisition [2]. - The total number of outstanding exchangeable shares as of September 10, 2025, is 27,870,970 [2]. - This marks the Corporation's first issuer bid for exchangeable shares, indicating a strategic move to utilize available funds for repurchasing its own securities [3]. Group 2: Automatic Purchase Plan - An automatic purchase plan has been established with RBC Capital Markets to facilitate share purchases during internal trading blackout periods and in compliance with applicable laws [4]. - Outside of blackout periods, share repurchases will be conducted at management's discretion [4]. Group 3: Market Value Consideration - The Corporation believes that the market price of its securities may not always reflect their true value, making the repurchase of outstanding securities a desirable use of funds [3].