Canada Goose Hol - GOOS STOCK NEWS

Canada Goose announced its fiscal Q3 2021 results, showing a total revenue increase to $474.0m, up from $452.1m, with e-Commerce revenue growth of 39.3%. DTC revenue in Mainland China rose by 41.7%. Despite lower retail revenue due to COVID-19, gross profit increased to $316.4m, achieving a gross margin of 66.8%. Operating income was $153.3m, but net income fell to $107.0m, or $0.96 per share. The company reported $469.0m in cash, significantly up from $72.0m. Canada Goose refrained from providing an outlook for fiscal 2021 due to ongoing uncertainties.

Canada Goose Holdings Inc. (NYSE: GOOS) will announce its third-quarter fiscal 2021 results for the period ending December 27, 2020, before market opening on February 4, 2021. Investors can join a live conference call at 9:00 AM ET on the same day, accessible via the Company's investor relations website. The call will be archived for later access until May 5, 2021. Canada Goose, established in 1957, is renowned for its high-quality performance luxury apparel, committed to sustainability and innovation through its HUMANATURE platform.

Canada Goose has launched its first-ever capsule collection in collaboration with guest designer Angel Chen, unveiled on January 15, 2021. The collection features a fusion of Eastern and Western aesthetics, highlighted by 13 exclusive pieces for men and women, including the Women's Cropped Snow Mantra ($1,595 CAD) and Men's Convertible Snow Mantra ($1,795 CAD). Designed for versatility and functionality, the collection embodies Canada Goose’s commitment to high-quality materials developed for harsh weather. It incorporates innovative digital experiences, including AR technology in store displays, enhancing customer interaction.

Canada Goose (NYSE: GOOS; TSX: GOOS) announced the appointment of Michael D. Armstrong as an independent director on its Board, effective immediately. Armstrong brings over 22 years of experience from ViacomCBS, where he oversaw worldwide television licensing and operations. In addition, Scott Cameron has been appointed as President, Asia-Pacific (APAC), effective April 1, 2021, after successfully establishing the brand's presence in Asia. Both appointments aim to enhance the company's growth strategy and operational excellence in the global market.

Canada Goose (NYSE:GOOS) has launched HUMANATURE, its purpose-driven platform blending sustainability and community initiatives. This includes a Sustainable Impact Strategy aimed at reducing greenhouse gas emissions and promoting responsible sourcing. Notably, Canada Goose will debut its Standard Expedition Parka in January 2021, featuring eco-friendly materials and a 30% reduction in carbon footprint compared to previous models. The initiative reflects Canada Goose's commitment to social responsibility and innovation in product design.

Canada Goose Holdings reported financial results for Q2 fiscal 2021, noting a total revenue of $194.8 million, down from $294.0 million in Q2 fiscal 2020. DTC revenue in Mainland China grew by over 30%, while global e-commerce revenue increased by more than 10%. Adjusted EBIT margin turned positive despite revenue disruptions. Gross profit fell to $94.2 million (48.4% margin), down from $160.4 million (54.6% margin). The net income decreased to $10.4 million ($0.09 per diluted share), compared to $60.6 million ($0.55 per diluted share) last year. The company did not provide fiscal 2021 outlook due to uncertainties.

Canada Goose Holdings Inc. (NYSE: GOOS) announced it will release its second quarter fiscal 2021 results on November 5, 2020, before market opening. A live conference call will take place at 9:00 AM ET on the same day, available for investors via webcast on the Company's website. An archive of the call will be accessible for a limited time. Founded in 1957, Canada Goose is a leading maker of luxury apparel, known for its commitment to quality and craftsmanship.

Canada Goose, in partnership with Ryan Reynolds, is donating over 300 parkas and Baffin footwear to Inuujaq School in Arctic Bay, Nunavut. The initiative addresses the urgent need for winter clothing amid COVID-19 disruptions. Additionally, Canada Goose is expanding its Resource Centre Program, committing to donate thousands of repurposed parkas to Inuit communities across Nunavut starting November 2020. This program aims to promote sustainability while supporting local needs, building on over a decade of contributions to northern communities.

Canada Goose (NYSE:GOOS) announced the appointments of Carrie Baker as President, North America, and Kara MacKillop as Chief of Staff and EVP People & Culture. Carrie, who joined in 2012, will oversee marketing and commercial operations in North America, driving growth strategy and customer engagement. Kara, with the company since 2014, will lead People & Culture and manage strategic projects. Both leaders have significantly contributed to the company's growth and brand recognition.