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Article Date: February 2018
Word Count: 324

Canada Goose Flies High in FQ3

Net income surged 58% to C$61,262,000 ($48.2 mm) from C$38,766,000 on 27% higher revenues at C$265,825,000 ($209.1 mm) compared to C$209,051,000 in fiscal Q3 ended Dec. 31, its seasonally most important quarter. Direct-to-consumer revenue jumped 82% to C$131.6 million from C$72.0 million on strong sales at GOOS’ six own retail stores and the seven new e-commerce sites which have opened this year so far. Wholesale revenue declined 2% to C$134.2 million from C$137.0 million because C$18 million in Q3 orders were pulled forward into Q2 by eager retailers. Gross margin was up 30 basis points at 76.4% for the DTC ... Log in to view full article.


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