Canada Goose Profits Jump, Guides for Modest Growth
Net income bounded back to C$7.6 million ($5.1 mm) from last year’s loss of C$10 million on revenue that was up 22% to C$358.0 million ($238.3 mm) over C$293.2 million in the fiscal fourth quarter. DTC increased 19% to C$271.5 million, with blended DTC comps up 3.5% as flat store results were beat by e-commerce strength. APAC led the channel with healthy traffic ahead of the Lunar New Year, while North America saw an online traffic boost. EMEA was dinged by heavy promotions from competitors. Wholesale declined 9% to C$41.4 million ... Log in to view full article.