Canada Goose’s Summer Heats UpThe company’s first-quarter sales rose 59 percent, although losses widened on spending for more growth.

[Collection]Summer isn’t exactly Canada Goose Holdings Inc.’s busy season, but the brand continued its rapid growth even as temperatures rose. The company’s revenues increased 59 percent to $44.7 million during the fiscal first quarter, which ended June 30 and is the slowest stretch of the parka maker’s year. Losses widened to $19 million from $12 million a year earlier. Gross margins expanded, to 64 percent from 46.8 percent, but selling, general and administrative expenses also rose, increasing to $45.1 million from $25.8 million. Dani Reiss, president and chief executive officer, said: “Our products and our brand continue to resonate with people around the world, and our direct-to-consumer channel was a standout performer in the quarter. Productivity across our retail store network in this off-peak period was exceptional, reducing the loss impact of our strategic growth investments and giving us a favorable tailwind for the rest of the year.” Investors liked what they heard and pushed shares of the company up 7 percent to $59.80 in premarket trading on Wall Street. Canada Goose’s wholesale business increased by 8 percent to $21.5 million for the quarter, but most of its company’s growth came in its direct to business, which drove sales up 180 percent to $23.2 million. “The

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