Canada Goose Sees Revenue Surge on Strong U.S. and China Sales
The luxury outerwear brand reports a significant increase in earnings, driven by robust demand in key markets and strategic retail expansion.
- Revenue for the fourth quarter reached $358 million, surpassing analyst expectations of $316 million.
- Sales in China grew by approximately 30%, while North American sales increased by nearly 25%.
- Direct-to-consumer revenue rose 19%, bolstered by strong e-commerce and retail performance.
- Canada Goose opened three new stores in the fourth quarter, contributing to its global retail network expansion.
- The company forecasts slow revenue growth but higher profitability for fiscal 2025.