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Article Date: August 2022
Word Count: 394

Canada Goose FY Starts Strong, But Costs Rise


Net loss in the fiscal first quarter widened to C$63.6 million ($49.8 mm) from C$57.5 million on higher operating expenses as revenue grew 24% to $69.9 million ($54.8 mm) from C$56.3 million. The company’s gross margin improved 660 b.p. to 61.1% pricing and production efficiencies protected from supply chain issues by its domestic production. SG&A grew 33%, outstripping revenue by another 1,220 b.p. at 176.5% of sales compared to 164.3% in the prior year. The spike came on timing of C$12.6 million in marketing spend ahead of the peak selling season, ... Log in to view full article.

 


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