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 an automatic share purchase plan (ASPP) as part of its normal course issuer bid (NCIB) to buy back up to 5,943,239 subordinate voting shares. This plan allows purchases during regulatory blackout periods, ensuring compliance with stock exchange rules. The NCIB, which started on August 20, 2021, will conclude by August 19, 2022. To date, Canada Goose has repurchased 2,815,348 shares under this program.
Canada Goose announced that the Toronto Stock Exchange has approved a normal course issuer bid (NCIB) to repurchase up to 5,943,239 subordinate voting shares over 12 months, starting August 20, 2021. This buyback represents about 10% of the public float as of August 6, 2021. The company believes this is a beneficial use of its excess cash as part of its capital allocation strategy. The NCIB allows purchases through the TSX and NYSE at market price plus fees, with specific conditions for weekly and daily buybacks.
Canada Goose reported strong financial results for Q1 FY2022, highlighting a total revenue increase to $56.3 million from $26.1 million year-over-year. The company's global e-Commerce revenue surged by 80.8%, with DTC revenue rising 188.7% in Mainland China. Despite ongoing retail challenges, Canada saw a 126.1% increase in revenue. Gross profit reached $30.7 million, with a gross margin of 54.5%. Operating loss was $(60.7 million), an increase from $(59.3 million), largely due to investments in marketing and foreign exchange impacts.
Canada Goose Holdings Inc. (NYSE: GOOS) announced plans to release its first quarter fiscal 2022 results on August 11, 2021, before the market opens. A live conference call will be held on the same day at 9:00 am ET, available via webcast on the investor relations page of their website. The archive of the call will be accessible for listening until September 10, 2021.
Founded in 1957, Canada Goose is known for its luxury performance apparel and commitment to sustainability through its HUMANATURE platform.
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.
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