Canada Goose Loss Grows on Marketing Spend
Net loss widened 51% to C$26.3 million ($18.8 mm) from C$17.4 million for the fiscal second quarter ended Sep. 27 on a 6% revenue increase to C$274.0 million ($195.7 mm) from C$258.8 million. GOOS divested the Baffin brand during the quarter and excluded its results from the top line while recording a C$7.8 million loss from discontinued operations. By channel, direct-to-consumer was up 3% to C$129.6 million, but comps fell 7.5%, as softer store traffic across regions more than offset conversion gains. North America and APAC led E-commerce gains. Wholesale increased ... Log in to view full article.