Canada Goose’s New Summerwear Sends Sales Higher
Net loss expanded 70% to C$125.5 million ($90.4 mm) from C$74.0 million in GOOS’ fiscal first quarter on a 22% sales gain to C$107.8 million ($77.6 mm) from C$88.1 million as the push for year-round relevance and warm weather styles drove apparel sales. A one-time arbitration award of C$43.8 million to a former supplier hit the bottom line. Direct-to-consumer was up 24% to C$78.1 million, on both new store contributions and a +$14.8% comp. Wholesale posted 12% growth to C$17.9 million on both higher sell-in through order book deliveries, including travel ... Log in to view full article.