Vancouver-based retailer said net revenue for the quarter was $462.7 million, up 13.4 per cent from $407.9 million during the same quarter last year.
The company said its gross profit margin was lower due to higher product-related costs amid inflationary pressures, temporary warehousing costs related to inventory management, and other headwinds partially offset by lower expedited freight costs.
“Results continued to be fuelled by our business in the United States,” said CEO Jennifer Wong in the press release Tuesday. “While we are seeing a more challenging consumer environment to start the second quarter … we remain disciplined in making further progress against our Fiscal 2024 priorities,” Wong said.
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