Overview
- Canada Goose reported a $15.2 million net loss for the second quarter, equal to 16 cents per share, reversing a profit a year earlier.
- On an adjusted basis, the company posted a loss of 14 cents per diluted share versus an adjusted profit of five cents a year ago.
- Total revenue ticked up to $272.6 million from $267.8 million, with direct-to-consumer sales rising to $126.6 million from $103.9 million.
- Wholesale revenue slipped to $135.9 million and other revenue fell to $10.1 million, as management cited higher expenses.
- Its TSX-listed shares fell more than 18% to $16.26 by mid-afternoon, while executives highlighted a pivot to DTC and year-round apparel and noted strong Chilliwack parka demand.