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Article Date: August 2017
Word Count: 201

Canada Goose Narrows Loss in FQ1

Net loss was C$12,047,000 ($9.0 million) in fiscal Q1 ended Jun. 30 against a loss of C$14,028,000 last year, as GOOS’ sales jumped 80% to C$28,205,000 ($21.0 million) from C$15,695,000, by far its smallest quarter. Gross margin expanded to 46.9% from 29.7%, with DTC gross margin a bodacious 75.3%. Wholesale revenue gained 38% to C$19.9 million on early delivery of some Fall shipments at retailers’ request. DTC was up six fold to C$8.3 million, driven by North American e-commerce, the new retail stores in Toronto and NYC and new e-commerce sites in France and the U.K. GOOS said that its ... Log in to view full article.


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