Canada Goose Lowers Bottom Line Guidance
Net income was up 9% to C$143.6 million ($103.4 mm) in fiscal Q3 ended Dec. 29 from C$131.4 million on revenue that came in just south of flat at C$607.9 million ($437.7 mm) from C$609.9 million. The quarter saw several strategic moves paying dividends, with apparel lighter down outerwear posting gains as GOOS looks for greater year-round relevance. The focus on bolstering DTC retail productivity resulted in better conversion and AUR in the North American fleet despite traffic and macro pressures, with EMEA also posting meaningful conversion increases despite off-traffic. APAC ... Log in to view full article.