Welcome to our dedicated page for Canada Goose Holdings news (Ticker: GOOS), a resource for investors and traders seeking the latest updates and insights on Canada Goose Holdings stock.
Canada Goose Holdings Inc. (GOOS) is a prominent Canada-based company specializing in the design, manufacturing, distribution, and retailing of premium outerwear for men, women, and children. Known for its high-quality products, Canada Goose operates primarily through three key segments: Wholesale, Direct to Consumer (DTC), and Other.
The DTC segment is a major revenue generator, encompassing sales through country-specific e-commerce platforms and company-owned retail stores situated in luxury shopping locations. In contrast, the Wholesale segment involves sales to a diverse mix of retailers, including luxury department stores, outdoor specialty shops, individual retailers, and international distributors.
Canada Goose's reach extends globally, with a significant presence in Canada, the United States, Asia, Europe, and other regions worldwide. The company prides itself on producing high-performance outerwear that is both functional and stylish, catering to those who embrace life’s adventures to the fullest.
Recently, Canada Goose has continued to expand its footprint through strategic partnerships and collaborations. The company is also focused on sustainability, incorporating eco-friendly materials and practices in its manufacturing processes.
Financially, Canada Goose remains robust, driven by its innovative product lineup and strong brand reputation. The company’s ability to blend luxury with practicality has solidified its position as a leader in the outdoor apparel industry.
Working at Canada Goose means being part of a dynamic team passionate about adventure and quality. The company offers a vibrant working environment with perks such as a private gym, a large cafeteria, and various social events, making it an attractive place for creative and collaborative individuals.
Canada Goose Holdings (NYSE, TSX: GOOS) reported a 22% increase in fourth-quarter revenue and a 9.6% rise in full-year revenue for fiscal 2024. Fourth-quarter gross profit grew by 22% to $233.0 million, with a gross margin of 65.1%. Full-year gross profit rose by 12.5% to $917.4 million, with a gross margin of 68.8%. The company saw DTC revenue increase by 19% in the fourth quarter and 18% for the full year. However, wholesale revenue declined by 9% and 16% for the fourth quarter and full year, respectively. Operating income for the fourth quarter and full year stood at $23.1 million and $124.5 million, respectively. Canada Goose opened 17 new permanent stores, expanded its product line, and implemented cost-saving measures, including workforce reductions. Looking ahead to fiscal 2025, the company plans to focus on improving retail execution, product innovation, and operational efficiency.
Canada Goose has appointed Haider Ackermann as its first Creative Director. Ackermann, celebrated in the fashion industry, will work closely with CEO Dani Reiss to enhance the brand's creative outlook.
The announcement also includes a new campaign featuring Jane Fonda to support polar bear conservation. The campaign features the -edition PBI Hoodie, made of organic cotton, with 100% of proceeds going to Polar Bears International (PBI).
Haider's first seasonal capsule collection will debut in Fall/Winter 2024.
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