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Canada Goose Holdings Inc. reports recurring developments in its premium outerwear business, including quarterly and fiscal results, direct-to-consumer sales, wholesale activity, retail-store execution and e-commerce performance. The company designs, manufactures, distributes and retails outerwear for men, women and children, with revenue reported across DTC, Wholesale and Other categories.
Company updates often address regional performance in North America, Greater China, Asia Pacific and EMEA, along with product-assortment expansion across down-filled and non-down-filled outerwear. News also includes leadership and organizational changes, investor conference participation and other corporate communications tied to the company’s NYSE and TSX-listed shares.
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 Following the call, an archived version will be available on its website until June 13, 2021.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.
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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.
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.