Canada Goose (GOOS) announced that an arbitrator has awarded financial compensation to a former vendor in connection with a previous commercial dispute. The case relates to the termination of a contract in 2021, and the award communicated today has resulted in a one-time financial charge of approximately $30M. Canada Goose disagrees with the legal basis for this award and is assessing available options. This judgment is not related to current vendor relationships or ongoing business operations. This matter is not expected to have any material impact on the company’s long-term financial position or strategy. The company will reflect the charge in its financial results for 1Q26.
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