Canada Goose Boosted by Strong DTC Growth
Net income jumped 264% to C$27.7 million ($19.4 mm) in fiscal Q4 ended Mar. 31 from C$7.6 million, on revenue that was up 7% (+4% CC) to $384.6 million ($269.2 mm) from $358.0 million. Direct-to-consumer increased 16% to $314.1 million, comping up 6.8% as North America led global growth across stores and e-commerce. Wholesale decreased 23% to $31.8 million on the lower planned order book in EMEA and timing of shipments there. The wholesale set closed the year with channel inventory reported much healthier and partner alignment making progress. The Other ... Log in to view full article.