The luxury outerwear maker swung to a profit of C$6,632,000 ($5.2 mm) against a loss of C$23,312,000 in the seasonally small fiscal Q4 ended Mar. 31, on revenues that more than doubled to C$124,821,000 ($98.7 mm) from C$51,096,000. Gross margin was a bodacious 62.7%, up 1280 basis points, largely from the surging direct-to-consumer business, which has about 30 percentage points higher margins than wholesale. The top line expansion was helped by better than expected re-orders due to the persistent cold weather through the quarter. GOOS shares gained 30% on the news.

For the full fiscal year, the bottom line more than ... Log in to view full article.