Canada Goose Sales Jump 10% in Seasonally Small FQ1
Net loss narrowed 26% to C$93.0 million ($63.9 mm) from C$125.5 million for the fiscal first quarter ended June 28, as revenue increased 10% to C$118.9 million ($84.4 mm) from C$107.8 million on direct-to-consumer gains and a comeback for wholesale. DTC was up 9% to C$84.8 million, led by double-digit gains in APAC and North America. Both the store fleet and digital posted growth, though blended comps were down 3% on softer in-store traffic, particularly in EMEA. The Other segment saw an anticipated 64% drop to C$4.3 million on lower friends ... Log in to view full article.