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Canada Goose Holdings Inc. (GOOS) delivers premium outerwear combining extreme-weather functionality with luxury design. This news hub provides investors and industry observers with verified updates directly from corporate sources and trusted financial publications.
Access timely announcements including earnings reports, product innovations, and strategic partnerships. Our curated collection eliminates search fragmentation, offering a single destination for tracking this luxury apparel leader's wholesale expansion, DTC growth, and sustainability initiatives.
Key updates on manufacturing developments, retail expansions, and material innovations are organized chronologically for efficient research. Bookmark this page for ongoing insights into Canada Goose's global market strategies and competitive positioning in high-performance apparel.
Canada Goose Holdings Inc. (NYSE, TSX: GOOS) held its annual meeting of shareholders on August 2, 2024, where all nominated directors were successfully elected by a majority vote. The voting results showed strong support for each nominee, with approval percentages ranging from 98.25% to 99.97%. Notable directors elected include Dani Reiss, Michael D. Armstrong, and Maureen Chiquet. Additionally, Deloitte LLP was reappointed as the company's auditor for the upcoming year. The full voting results are available on SEDAR+ at www.sedarplus.ca under Canada Goose's profile.
Canada Goose (NYSE, TSX: GOOS) reported Q1 fiscal 2025 results with revenue increasing 4% to $88.1M. Key highlights include:
- DTC revenue grew 13% to $63.1M, driven by strong retail sales in Asia Pacific
- Wholesale revenue decreased 41% to $16.0M due to planned lower order book
- Gross profit decreased 5% to $52.6M, with gross margin at 59.7%
- Net loss of $77.4M or $0.80 per basic share
The company progressed on brand evolution, retail execution, and operational efficiency. Notable developments include appointing Haider Ackermann as Creative Director and launching the Spring-Summer 2024 collection. Canada Goose opened two new stores in China and Macau, bringing the total to 70 permanent stores.
Canada Goose Holdings Inc. (NYSE, TSX: GOOS) has appointed Alfredo C. M. Tan as the new Chief Digital & Information Officer effective August 7, 2024. Alfredo will replace Matt Blonder and will oversee consumer-facing digital platforms, IT, Digital Media & Marketing, and Consumer Insights.
Alfredo will be responsible for driving the brand's digital capabilities and implementing a digital roadmap across sales channels. He will also spearhead Canada Goose's future Data and AI Strategy to enhance commercial and enterprise performance.
Alfredo brings extensive global experience from senior roles at Loblaw Companies , Meta Platforms, Rogers Sports & Media, and WestJet Airlines. His appointment aims to strengthen Canada Goose's digital transformation and improve customer experiences.
Canada Goose (NYSE, TSX: GOOS) will release its first quarter fiscal year 2025 financial results on Thursday, August 1, 2024, before market opens. The quarter ended on June 30, 2024. A conference call and webcast to discuss these results will be held the same day at 8:30am ET. Interested parties can access the live webcast on the company's investor relations website. A replay of the webcast will be available shortly after the event.
Canada Goose Holdings (NYSE, TSX: GOOS) announced participation in upcoming investor conferences. On June 4, 2024, the company will attend the TD Cowen 8th Annual Future of the Consumer Conference at Conrad New York Downtown, New York, NY, with a fireside chat at 1:05pm ET. On June 5, 2024, Canada Goose will join the Baird 2024 Global Consumer, Technology & Services Conference at the Intercontinental New York Barclay, New York, NY, hosting another fireside chat at 1:25pm ET. Chief Financial Officer Neil Bowden and President of Finance, Strategy, and Administration Beth Clymer will attend both events. The June 4 presentation will be webcast live on the company's investor relations website, with an archived version available post-event.
Canada Goose Holdings (NYSE, TSX: GOOS) reported a 22% increase in fourth-quarter revenue and a 9.6% rise in full-year revenue for fiscal 2024. Fourth-quarter gross profit grew by 22% to $233.0 million, with a gross margin of 65.1%. Full-year gross profit rose by 12.5% to $917.4 million, with a gross margin of 68.8%. The company saw DTC revenue increase by 19% in the fourth quarter and 18% for the full year. However, wholesale revenue declined by 9% and 16% for the fourth quarter and full year, respectively. Operating income for the fourth quarter and full year stood at $23.1 million and $124.5 million, respectively. Canada Goose opened 17 new permanent stores, expanded its product line, and implemented cost-saving measures, including workforce reductions. Looking ahead to fiscal 2025, the company plans to focus on improving retail execution, product innovation, and operational efficiency.
Canada Goose has appointed Haider Ackermann as its first Creative Director. Ackermann, celebrated in the fashion industry, will work closely with CEO Dani Reiss to enhance the brand's creative outlook.
The announcement also includes a new campaign featuring Jane Fonda to support polar bear conservation. The campaign features the -edition PBI Hoodie, made of organic cotton, with 100% of proceeds going to Polar Bears International (PBI).
Haider's first seasonal capsule collection will debut in Fall/Winter 2024.
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