Canada Goose Holdings Inc. (NYSE:GOOS) Q1 2024 Earnings Call Transcript

And we probably benefited earlier days than maybe some other markets from tourists returning to Canada. So I don’t think it’s an either or situation, they’re just at very different stages in maturity. And you see different consumer behaviors as a result, how they’re coming into the — whether it’s stores, e-commerce, whether they’re coming into old products or new products, there’s just slight difference but they’re both performing quite well.

Jonathan Sinclair: And what I’d add on the US is also that we’ve been talking about seeing sequential improvement in the performance of the US since turn of the calendar year, which is obviously difficult and that’s continued. So I think that’s also context to think about as we reflect on our performance.

Ike Boruchow: And again I’m just — I’m not trying to nitpick on revenue, your constant currency growth is 8% in the US, it’s over 30 in Canada. I just wasn’t sure if there’s something that’s — it’s better than the negative that you had in Q4, so improvement. I was just kind of wondering like at what point do we hope that these kind of more realign, is that later in the year, is that in time for holiday, that’s kind of what I was getting at?

Jonathan Sinclair: And the other piece that goes with it is inevitably the macroeconomic backdrop is with a level of uncertainty that everyone’s working with, but we’re very confident in what we’ve got and we believe it’s starting to produce the numbers in the way we’ve seen here.

Operator: This does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Ana Raman for any further remarks.

Ana Raman : Thank you, Jonathan. And with that, this actually does conclude our first quarter 2024 conference call. Thank you everyone for joining us, and goodbye.

Operator: Thank you, ladies and gentlemen for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.