Comprehensive income increased 36% to C$52.0 million ($39.8 mm) from C$38.3 million in GOOS’ important fiscal second quarter ended Sep. 30 on 34% higher revenues of C$230.3 million ($176.2 mm) compared to $172.3 million. Gross margin expanded 520 basis points to 55.8% on a greater proportion of DTC sales as well as overall production efficiencies and a reduction of import duties from the CETA trade agreement with Europe. But a C$23.3 million, or 480 b.p., increase in SG&A prevented more of that gross profit from reaching the bottom line, as GOOS ramped up spending on marketing, corporate headcount and IT ... Log in to view full article.