Government grants

12 Months Ended

Mar. 30, 2024

In response to the COVID-19 pandemic, various government programs were announced to provide financial relief for affected businesses such as the Canada Emergency Wage Subsidy (“CEWS”) program in April 2020 and the Canada Emergency Rent Subsidy (“CERS”) program in October 2020.

CEWS provide

a wage subsidy on eligible paid compensation, subject to limits per employee, to eligible employers based on certain criteria, including demonstration of certain revenue declines as a result of COVID-19. During fiscal 2024 and 2023, the Company did not recognize any CEWS

funding. In fiscal 2022

$0.5

million

was

recorded as a reduction to the eligible employee compensation expense incurred by the Company during

such

period (within selling, general, and administrative expenses). As at March 30, 2024 and March 25, 2023

, nil

is included within Account Receivable

and other receivables

on the consolidated balance sheet.

CERS provide

a rent subsidy for eligible property expenses, such as occupancy costs, based on certain criteria and is proportional to revenue declines as a result of COVID-19. For the fiscal year ended March 30, 2024, the Company did

not recognize any CERS

funding. In

fiscal 2023 and

fiscal 2022

, nil and

$0.5 million

respectively was

recorded as a reduction to the eligible occupancy expense incurred by the Company during

uch

period (within selling, general and administrative expenses). As at March 30, 2024 and March 25, 2023, nil is included within Account Receivable

and other receivables

on the consolidated balance sheet.