Net income dropped 7% to C$107.0 million ($82.1 mm) in fiscal Q3 ended Dec. 27 from C$114.7 million on revenues that were up 5% to $474.0 million ($363.8 mm) from $452.1 million, coming in above expectations in what is the outerwear maker’s seasonally largest quarter. E-commerce saved the quarter, expanding 39% and partially shoring up declines due to peak season brick-and-mortar closures of 30 to 35 trading days in its top performing Canadian and European stores. DTC revenue inched down to C$299.4 million from C$301.8 million as those major markets posted double-digit e-commerce growth, with UK sales nearly doubling. The ... Log in to view full article.