Net income was cut 9% to C$137.5 million ($105.3 mm) from C$151.3 million ($115.8 mm) on revenue declined 2% to C$576.7 million ($441.6 mm) from C$586.1 million for the fiscal third quarter ended Jan. 1. China accounted for an estimated $60 million of lost revenue in the quarter, as lockdowns, temporary store closures and lower traffic due to the Zero Covid policy early in the quarter gave way to a surge in infections with the Dec. reopening.

North America saw about $25 million in lost revenue from softer conversion as the quarter ... Log in to view full article.