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 (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 The June 4 presentation will be webcast live on the company's investor relations website, with an archived version available post-event.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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.