Canada Goose Hol Stock Price, News & Analysis

Canada Goose announces five new appointments to its Leadership Team as part of a five-year strategic growth plan. Key appointments include Matt Blonder as Chief Digital Officer, Juliette Streichenberger as President of EMEA, Ana Mihaljevic as Head of Global Stores, Daniel Binder as Chief Transformation Officer, and Patrick Bourke as SVP of Strategy & Corporate Development. These leaders bring extensive experience from notable brands such as Hermès, LVMH, and Wolverine Worldwide. The company's strategy aims to enhance its direct-to-consumer business, expand e-commerce, and retail presence, while also focusing on digital innovation. Canada Goose is positioned to capitalize on growth opportunities in the luxury market, particularly in EMEA, where luxury performance is gaining traction.

Canada Goose Holdings Inc. (NYSE: GOOS) hosted an Investor Day on February 7, 2023, unveiling its five-year financial targets and strategic priorities. The company aims to achieve $3 billion in revenue by fiscal 2028, representing a CAGR of approximately 20%. Their strategy focuses on three pillars: accelerating consumer growth, expanding their direct-to-consumer (DTC) network, and diversifying product categories, including apparel and footwear. The expected adjusted EBIT margin is 30%. The initiative is underpinned by historical revenue growth since its IPO and aims for a balanced geographical revenue split between North America, EMEA, and Asia-Pacific.

Canada Goose Holdings announced Q3 2023 financial results, reporting revenue of $576.7 million, a 1.6% decline from the previous year, primarily due to COVID-19 disruptions in Mainland China. Despite a 72.2% gross margin, net income fell to $137.5 million, reflecting a 10.8% decrease compared to last year. The company expects total revenue for fiscal 2023 to be $1.175 billion to $1.195 billion, down from a previous outlook of $1.200 billion to $1.300 billion. CEO Dani Reiss expressed optimism about a rebound in Mainland China despite acknowledging challenges in North America.

Canada Goose has launched its recommerce platform, Canada Goose Generations, focusing on sustainability and quality craftsmanship. This platform allows consumers to trade-in pre-loved Canada Goose apparel while shopping for a curated selection of vintage and limited-edition pieces. It emphasizes the brand's commitment to the circular economy, ensuring products can have multiple lifetimes. The initiative is powered by Trove, a leader in branded resale, and will initially operate in the U.S. with plans to expand to Canada later. The launch aligns with Canada Goose's broader Sustainable Impact Strategy.

Canada Goose Holdings Inc. (NYSE: GOOS, TSX: GOOS) has announced its Investor Day scheduled for February 7, 2023, at its Toronto headquarters. The event will highlight the Company's long-term strategic initiatives and financial outlook, featuring presentations and a Q&A session with the executive management team. Starting at 10:00 a.m. ET and concluding by 3:00 p.m., attendance is by invitation only, and pre-registration is required. A live video broadcast will be available on the Investor Relations website, with an archived replay accessible post-event.

Canada Goose Holdings Inc. (NYSE: GOOS) will release its third quarter fiscal year 2023 results, concluding January 1, 2023, on February 2, 2023, before market open. An investor conference call to discuss the results is scheduled for 9:00 AM ET on the same day, accessible via the company's investor website. Established in 1957 in Toronto, Canada Goose is a leading luxury apparel manufacturer focused on performance. With a commitment to sustainable practices encapsulated in its HUMANATURE platform, the company continues to emphasize innovation and craftsmanship across its product lines. Further details will be available on the company’s website.