Canada Goose Guides for 20% Growth
The bottom line swung to a C$9.1 million ($7.2 mm) loss from C$2.5 million in income on revenues that were up 7% to C$223.1 million ($176.2 mm) over C$208.8 million for the fiscal fourth quarter ended Apr. 3, and would have been up 24% looking at comparable weeks. DTC sales gained 8% to C$185.4 million, led by higher brick-and-mortar comps partially offset by a 12% decrease in e-commerce sales. On comparable weeks over ’21, DTC was up 28%, with e-commerce up 1% on top of last year’s 123% growth. Wholesale revenue increased 4% to C$35.1 million on higher order values. ... Log in to view full article.