Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Canada Goose Fourth-Quarter Revenue More Than Doubles

The luxury apparel maker reported quarterly revenue that more than doubled compared to last year's results.
Canada Goose store | Source: Canada Goose
By
  • Reuters

LONDON, United Kingdom — Luxury apparel maker Canada Goose Holdings Inc reported a surprise quarterly profit on Friday, driven by strong retail and online sales.

The company's U.S. listed shares rose 10.7 pct to $52.99 before the bell.

The company said it expects revenue to grow at a rate of at least 20 percent for the next three years and adjusted net income per share growth of at least 25 percent.

Canada Goose, known for its $900 parkas, has been trying to boost margins by expanding its direct-to-consumer business, manufacturing more of its coats itself and launching new product lines including knitwear.

ADVERTISEMENT

The company reported a net income of C$8.1 million ($6.16 million), or 7 Canadian cents per share, in the three months ended Mar. 31, compared to a loss of C$23.4 million, or 23 Canadian cents per share, a year earlier.

Excluding items, the company earned 9 cents per share.

Revenue more than doubled to C$124.8 million.

Analysts on average were expecting the company to report a loss of 8 cents per share and revenue of C$74.6 million, according to Thomson Reuters I/B/E/S.

By Parikshit Mishra; editor: Shounak Dasgupta.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.


The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.


The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections