Canada Goose Hol Stock Price, News & Analysis

Canada Goose has announced a significant humanitarian initiative, donating over 10,000 parkas and jackets, along with $135,000 CAD to UNHCR for support efforts in Ukraine. This contribution aims to aid individuals impacted by the ongoing conflict and harsh winter conditions. The funds were raised by Canada Goose employees to assist in delivering essential relief to displaced people. This follows an earlier donation of $100,000 CAD to UNHCR in March 2022, reinforcing the brand's commitment to humanitarian efforts.

Canada Goose has appointed Jess Johannson as its new Chief Human Resources Officer. Johannson will oversee the company's HR strategy across corporate, manufacturing, and retail sectors, focusing on talent acquisition and employee experience. She brings over 20 years of HR leadership experience from various industries, most recently at Tucows. Dani Reiss, Chairman & CEO, expressed confidence in her ability to enhance the company's culture and support its global expansion. Canada Goose is known for its luxury performance apparel and commitment to sustainability through its HUMANATURE platform.

Canada Goose is expanding its U.S. presence with new permanent stores in Las Vegas and Denver, alongside pop-up locations in Aspen and Detroit. The Las Vegas store at Wynn opens on November 5, and Denver’s location follows in December. These expansions introduce new product categories and exclusive collections, enhancing the brand’s year-round offerings. Customers can experience unique retail features, including a Snow Room demonstrating product functionality in extreme temperatures. This initiative aims to elevate brand visibility and reach diverse audiences.

Canada Goose Holdings (GOOS) reported a 19.0% revenue growth in Q2 2023, totaling $277.2 million, boosted by strong performance in North America and Wholesale in EMEA. The gross margin improved to 59.8%, up 180 basis points, while adjusted EBIT rose 70.1% to $29.6 million. However, net income dropped to $5.0 million, reflecting a 66.7% decline in earnings per share. The company revised its fiscal 2023 guidance, lowering revenue expectations to $1.200-1.300 billion due to ongoing Covid-19 impacts in China and wider macroeconomic uncertainty.

Canada Goose Holdings Inc. (NYSE: GOOS) will release its Q2 fiscal 2023 results on November 2, 2022, before the market opens. A live conference call is scheduled for 9:00 am ET on the same day, accessible via the investor relations page of its website. The archived webcast will be available within two hours post-call, until November 1, 2023. Founded in 1957, Canada Goose is a leading luxury apparel manufacturer, emphasizing quality and sustainability through its HUMANATURE platform.

Canada Goose has launched its Fall/Winter campaign featuring an all-female cast photographed by Annie Leibovitz. The campaign centers on the theme 'Live in the Open' and showcases new womenswear offerings designed to inspire female consumers. Set against the Scottish Highlands, the initiative highlights the stories of women like Jodie Turner-Smith, Soo Joo Park, and Khadijha Red Thunder, while emphasizing the brand's commitment to performance and style. The collection, featuring parkas, jackets, and vests, is available globally.

Canada Goose Holdings Inc. (NYSE:GOOS) will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 8:50 a.m. ET. The event will take place at the Conrad Hotel in New York City, featuring a fireside chat with CEO Dani Reiss, President Carrie Baker, and CFO Jonathan Sinclair. The discussion will be available via live webcast on the company's investor relations website, with an archived version accessible afterward.

Canada Goose has appointed Larry Li as President of China, effective immediately. Based in Shanghai, Li will manage all commercial, marketing, and financial activities in the region, reporting to Paul Cadman, President of Asia Pacific. With nearly 20 years in the luxury sector, including leadership roles at Dunhill and LVMH, Li aims to leverage his expertise to enhance the brand's presence. Canada Goose continues to expand in China, having opened 16 stores since entering the market in 2018 and planning to launch three more this fall.

Canada Goose Holdings Inc. (NYSE:GOOS) held its annual general and special meeting on August 12, 2022, announcing the election results for its board of directors and the reappointment of Deloitte LLP as the company’s auditor. All director nominees received majority shareholder approval, with votes for ranging from 97.93% to 99.96%. Additionally, an amendment to the Omnibus Incentive Plan was approved, increasing the share reserve by 5,266,699 subordinate voting shares, representing approximately 8.9% of outstanding shares. The meeting reflects strong shareholder support for the company’s governance and strategic direction.