Comprehensive loss expanded to CAD 48.1 million ($34.7 mm) from a loss of CAD 25.5 million last year, on revenues that dropped 63% to CAD 26.1 million ($18.8 mm) from CAD 71.1 million. The first fiscal quarter is a small one for the outerwear maker, and typically results in a loss, even in normal circumstances. Faced with plunging revenues, GOOS made drastic reductions in spending and investment, sending SG&A down 15% and reducing cash used by operations by $110.4 million compared to last year. Liquidity is ample, it avers, with $329.4 million of cash on hand and undrawn borrowing capacity.

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