Canada Goose Holdings Inc. saw full-year revenues increase 15.4 percent, or up 15.9 percent currency-neutral, to CN$958.1 million in the fiscal 2020 year ended March 29, 2020, compared to CN$830.5 million in the prior fiscal year period.
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Canada Goose Lays Off 125 Employees
Canada Goose Holdings Inc has laid off 125 workers, about 2.5 percent of its global workforce, as part of steps to cope with the impact of COVID-19 on its business.
Canada Goose Commits To Carbon Neutrality By 2025
Canada Goose launched its Sustainable Impact Strategy outlined in the company’s first-ever Sustainability Report. The accelerated strategy includes tangible commitments supporting four key UN Sustainable Development Goals (SDGs) to ensure a sustainable future.
Canada Goose Bringing Back Up To 900 Workers To Make Medical Gear
Canada Goose Holdings Inc., based in Toronto, announced its plans to ramp up domestic production of personal protective equipment (PPE) for frontline healthcare workers across Canada. Over the next two weeks, the company will begin to reopen all of its eight Canadian facilities and, at full capacity as many as 900 employees will be working to support the efforts.
Canada Goose Dedicates Manufacturing Resources To Help Fight Coronavirus
Canada Goose announced the company will leverage its manufacturing facilities to begin production of necessary medical gear for frontline health care workers and patients across Canada in the fight against the coronavirus.
Canada Goose Temporarily Closing All North American, European Stores
Canada Goose Holdings Inc. said Monday evening it will close all retail stores in North America and Europe as of March 17 until at least March 31.
Canada Goose CEO Dani Reiss Outlines Coronavirus Concerns
On Canada Goose Holdings Inc.’s fiscal third-quarter earnings call, CEO Dani Reiss addressed the disruption that the coronavirus is having on supply chain, sourcing and sales in China. The near-term impact resulted in reduced guidance for the current fiscal quarter and year, but company leaders and analysts believe Canada Goose is positioned to weather the storm.
Canada Goose Slashes Outlook On Coronavirus Fallout
Canada Goose cut its full-year forecast for sales and profit after reporting that the coronavirus is “having a material negative impact” on results. Sales are now expected to expand in the range of 13.8 percent to 15.0 percent in its year ended March 31, compared to at least 20 percent growth previously.
Kate Upton Becomes Face Of Canada Goose’s Spring 2020 Campaign
Canada Goose announced that supermodel, actress and Polar Bears International (PBI) Ambassador, Kate Upton, has been signed on as a Goose Person. Upton will become the face of the brand’s Spring 2020 global campaign.
Canada Goose Unveils New Concept Store In Toronto
Canada Goose on Wednesday announced The Journey, an innovative new retail concept located in CF Sherway Gardens, in Toronto, Ontario.
Canada Goose Shares Sink On Fears Over Hong Kong Disruption
Despite Canada Goose Holdings Inc.’s upbeat second quarter—which included revenues doubling in Asia—its shares tumbled $4.22, or 10.8 percent, to $34.82 at market close Wednesday on the news that political turmoil in Hong Kong is disrupting the company’s operations and sales.
Canada Goose’s Q2 Revenues Climb 27.7 Percent
Canada Goose reported earnings rose 24.5 percent in the second quarter ended September 29 as sales grew 27.7 percent. Both earnings and sales topped Wall Street’s targets. The outerwear maker maintained its guidance for the year.
Canada Goose Announces Election Of Directors, Reappointment Of Auditor
Canada Goose Holdings Inc. held its annual meeting of shareholders on August 15, 2019. All the nominees for election as directors listed in the Company’s management information circular dated July 2 were elected by a majority of the votes cast by shareholders virtually present or represented by proxy at the meeting.
Canada Goose Widens Loss But Also Expands Product Focus
Shares of Canada Goose Holdings Inc. didn’t take quite the nosedive Wednesday they suffered in May after the previous quarter’s softer profit outlook, but the company’s Q1 2020 performance—most notably margin decline and a widened loss—once again took a toll on its stock. CEO Dani Reiss shed some light on the reasons why in addition to what’s on the horizon for the brand.
Canada Goose Posts Earnings Miss On Robust Revenue Gain
Canada Goose Holdings Inc. on Wednesday announced an adjusted net loss for the fiscal first quarter ended June 2019 of $22.8 million, or 21 cents per basic and diluted share, missing Wall Street’s estimates by 3 cents. Revenue of $71.1 million marked a 59.1 percent jump from the same period a year ago.
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