Canada Goose Loss Expands Despite Surging Sales
Comprehensive net loss was C$19.0 million ($14.7 mm) against a loss of C$12.0 million in the high-end outerwear maker’s small fiscal first quarter ended Jun. 30, but revenues jumped 59% to C$44.7 million ($34.6 mm) from C$28.2 million. Direct-to-consumer sales almost tripled to C$23.2 million from C$8.3 million, driving gross margin to 64.0% from 46.8% last year. Wholesale increased 8% to C$21.5 million from increased orders at existing retailers. DTC gross margin was 74.7% compared to 50.7% ... Log in to view full article.