The net loss expanded 57% to C$29.4 million ($22.0 mm) in its fiscal first quarter from a C$18.7 million loss last year as revenue jumped 59% to C$71.1 million ($53.2 mm) from C$44.7 million on strong demand across channels for both current seasonal offerings and off-season fall/winter collections. Gross margin contracted 650 b.p. to 57.5%, due to channel mix, partially offset by pricing. SG&A was up by C$12.4 million on higher store opening costs and investments in expanded in-house manufacturing capacity, but still leveraged as a percentage of sales.

Growth was up in each region, with revenue increasing 40% in Canada, ... Log in to view full article.