This fall, Canada Goose will open its first store in California, at the South Coast Plaza Mall, where it will house its first Snow Room in the United States.
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Canada Goose And NBA Announce Multiyear Partnership
Canada Goose announced a multi-year partnership with the National Basketball Association (NBA) that makes Canada Goose the Outerwear Partner of the NBA All-Stars.
Inside The Call: Shares of Canada Goose Pop As Sales Growth Returns
Shares of Canada Goose surged $7.73, or 22.0 percent, to $42.90 Thursday after the outerwear specialist delivered its first quarterly revenue increase since the onset of the pandemic. The gains were boosted by a 39.3 percent hike in global e-commerce revenue and a 41.7 percent DTC revenue gain in Mainland China.
Canada Goose Returns To Quarterly Growth
Canada Goose reported net earnings were down 9.3 percent in the third quarter ended December 27 as sales gained 4.8 percent. Both earnings and sales topped Wall Street’s consensus estimates. Total revenue increased for the first time since the onset of the pandemic.
Canada Goose Appoints Asia-Pacific President
Canada Goose announced the appointment of Scott Cameron as president, Asia-Pacific (APAC), effective April 1, as well as the appointment of Michael D. Armstrong, executive vice president, ViacomCBS, to its Board of Directors as an independent director, effective immediately.
Inside The Call: Canada Goose Beats Fiscal Q2 Estimates On E-commerce, China Growth
Canada Goose Holdings Inc. beat Wall Street expectations for the fiscal second quarter ended September 27, posting a profit on lower revenues in the period. GOOS shares were up nearly 7 percent on Thursday after the company pointed to strength in China and the e-commerce business.
Canada Goose’s Q2 Revenues Slump 34 Percent
Canada Goose Holdings Inc. reported earnings fell 82.8 percent in the second quarter ended September 27 as revenues declined 33.7 percent. Canada Goose noted that Mainland China has returned to growth and adjusted EBIT margin was positive for the first time since the onset of the pandemic.
Cowen Upgrades Canada Goose On Burgeoning China Opportunity
Cowen upgraded Canada Goose to “Outperform” from “Market Perform” as analyst Oliver Chen believes the outerwear brand is well-positioned as an outdoor resource amid the pandemic, a leading brand in stores and a likely strong beneficiary of China as it recovers faster than other regions.
Canada Goose Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.
Inside The Call: Canada Goose To Accelerate DTC Shift Amid Pandemic
Canada Goose Inc. reported sales collapsed 63.3 percent in its seasonally-slow first quarter while predicting a significant decline in the second quarter and lower wholesale revenues for the full fiscal year. Continued investments in digital and retail are expected to support DTC growth. Said Dani Reiss, CEO, “We made the call early in the pandemic to temporarily put our wholesale business on pause. This helped us maintain whole price integrity in what became a promotional environment for many other brands.”
Canada Goose’s Q1 Sales Plunge
Canada Goose Inc. reported sales collapsed 63.3 percent in its seasonally-slow first quarter ended June 28 due to the impact of store closings due to COVID-19 and slow reopening phases. The loss widened in the period. The company now expects a decline in wholesale segment sales in its fiscal year.
Canada Goose Journeys Into Footwear With Strategic Hire
Canada Goose today announced the appointment of Adam Meek to the new role of GM Footwear & Accessories. Most recently, he served as Senior VP of Product at Sperry–Wolverine Worldwide.
Canada Goose Artist In Residence Program Moves To London
Canada Goose has been hosting a global Artist In Residence program to celebrate its stores reopening. The latest artists work to be showcased is in London and will be on view June 26.
Canada Goose Appoints North America President And Chief Of Staff
Canada Goose has appointed of Carrie Baker as President, North America and Kara MacKillop as Chief of Staff and EVP People & Culture.
Canada Goose Sees DTC Growth Only Accelerating Post-COVID-19
Canada Goose Holdings Inc told analysts during its fourth-quarter conference call that the brand plans to limit shipments to wholesale accounts and focus on its own stores and online to bolster profit margins as it looks to cushion the blow from the COVID-19 pandemic.
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