Canada Goose Gains from Warm Weather Styles
Net loss narrowed 13% to C$74.0 million from a loss of C$85.0 million on revenue that was up 4% to C$88.1 million from C$84.8 million in the seasonally small fiscal Q1. DTC led gains with 13% growth to C$63.1 million, while a higher mix of the spring/summer ’24 collection and lower North America conversion rates pushed store comps down 4.4%. Total store sales were up across all regions, partially offset by lower e-commerce performance in North America and EMEA. The push for all-year relevancy saw non-heavyweight down units up over 20%, ... Log in to view full article.