Canada Goose Hol Stock Price, News & Analysis

Canada Goose will eliminate fur from its products by the end of 2022 as part of its sustainability initiative, HUMANATURE. The phased approach includes halting fur purchases by the end of 2021. This decision aims to enhance product quality and align with their commitment to environmental responsibility.

Recent product launches, such as the Standard Expedition Parka, demonstrate their focus on sustainability, using 30% less carbon and 65% less water in production. The company strives for net-zero carbon emissions by 2025, transitioning to sustainable materials and practices.

Canada Goose Holdings Inc. (NYSE:GOOS) announced that CEO Dani Reiss established an Automatic Securities Disposition Plan (ASDP) compliant with U.S. and Canadian regulations. The ASDP allows for the sale of up to 326,219 subordinate voting shares, approximately 0.30% of outstanding shares, following the release of the company's interim financial statements for Q2 2021. This plan aims for orderly sales at market prices over 12 months and is designed to prevent insider trading risks by limiting Mr. Reiss’s ability to influence transactions.

Canada Goose reported a significant 33.7% revenue increase for Q4 2021, reaching $208.8 million, compared to $140.9 million in Q4 2020. The company experienced 123.2% growth in global e-Commerce revenue and a robust DTC revenue of $172.2 million. DTC operating margins improved to 44.4%. Despite challenges in Canada, overall performance led to a net income of $2.9 million or $0.03 per diluted share. The outlook for FY 2022 predicts revenues exceeding $1 billion, driven by strong DTC performance.

Canada Goose Holdings Inc. (NYSE: GOOS) will release its fourth quarter and fiscal year 2021 results on May 13, 2021, before market open. A live webcast will be held at 9:00am ET, accessible via the Company's investor relations page. Following the call, an archived version will be available on its website until June 13, 2021. Canada Goose is a leading luxury apparel manufacturer known for its exceptional quality and sustainability initiatives through its HUMANATURE platform aimed at environmental responsibility.

Canada Goose has announced a multiyear partnership with the NBA, becoming the Proud Outerwear Partner of the NBA All-Star Game. This collaboration will feature exclusive annual design collections, beginning with RHUDE, a Los Angeles-based brand known for luxury streetwear. The inaugural collection includes a four-piece unisex outerwear capsule, with items like the Freestyle Vest and Chilliwack Bomber, available starting March 5, 2021. Additionally, the Play in the Open challenge will launch on TikTok on March 4, celebrating creativity in basketball.

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.