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Canada Goose Holdings Inc. - GOOS STOCK NEWS

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.

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Canada Goose Holdings Inc announced that Neil Bowden has been named Chief Financial Officer and Jonathan Sinclair has been named President, APAC, effective April 1, 2024. Neil brings extensive financial expertise and a deep understanding of the brand, while Jonathan has over 20 years of global financial and operational experience. Larry Li has also been named Chief Operating Officer, APAC, effective January 1, 2024.
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Canada Goose Holdings Inc. reported a 1% increase in revenue to $281.1 million for the second quarter of fiscal 2024. Gross profit grew 8% to $179.5 million, and gross margin expanded to 63.9%. DTC revenue grew 15% to $109.4 million, while wholesale revenue decreased 10%. Operating income was $2.3 million, and adjusted EBIT was $15.6 million. Net income attributable to shareholders was $3.9 million.
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Canada Goose Holdings Inc. reported second quarter fiscal 2024 results with a 1% increase in revenue year-over-year to $281.1 million. The company also reported a net income of $4.1 million and adjusted EBIT of $15.6 million. DTC revenue grew 15% to $109.4 million, driven by growth in in-store retail sales. Wholesale revenue decreased 10% due to planned streamlining of wholesale relationships. Gross profit grew 8% to $179.5 million, with a gross margin of 63.9%. Operating income was $2.3 million, a decrease from $21.5 million in the prior year. The company repurchased 1,364,542 subordinate voting shares for $29.9 million during the quarter.
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Canada Goose Holdings to announce Q2 2024 results on November 1, 2023
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Canada Goose appoints Gary Saage and Jennifer Davis to its Board of Directors, while Marjan Anwar Khan joins as Chief Technology Officer. Woody Blackford and Paul Cadman have left the company. Saage and Davis bring extensive knowledge in finance and luxury retail, supporting strategic growth. Khan will lead technological evolution. No concrete positive or negative business takes affecting stock price.
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Canada Goose unveils fall season brand campaign featuring trailblazing women in New Mexico
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Canada Goose Holdings Inc. announced the voting results from its annual meeting of shareholders. All the nominees for election as directors were elected by a majority of the votes cast. Deloitte LLP was reappointed as the Company's auditor. Mr. John Davison was appointed as the new Lead Director.
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FAQ

What is the current stock price of Canada Goose Holdings (GOOS)?

The current stock price of Canada Goose Holdings (GOOS) is $10.13 as of December 20, 2024.

What is the market cap of Canada Goose Holdings (GOOS)?

The market cap of Canada Goose Holdings (GOOS) is approximately 969.0M.

What does Canada Goose Holdings Inc. do?

Canada Goose designs, manufactures, distributes, and retails premium outerwear for men, women, and children.

What are the main business segments of Canada Goose?

The main segments are Wholesale, Direct to Consumer (DTC), and Other.

Where does Canada Goose operate?

Canada Goose operates in Canada, the United States, Asia, Europe, and the Rest of the World.

What is the DTC segment?

The Direct to Consumer segment includes sales via e-commerce platforms and company-owned retail stores in luxury shopping locations.

What is the Wholesale segment?

The Wholesale segment covers sales to luxury department stores, outdoor specialty shops, individual retailers, and international distributors.

Is Canada Goose involved in sustainability?

Yes, Canada Goose incorporates eco-friendly materials and practices in its manufacturing processes.

What makes Canada Goose's products unique?

Canada Goose's products are known for their high performance, functionality, and stylish design.

What are the benefits of working at Canada Goose?

Benefits include a vibrant work environment, private gym, large cafeteria, and various social events.

What kind of people does Canada Goose seek to hire?

Canada Goose seeks creative and collaborative individuals who share a passion for adventure.

What recent achievements has Canada Goose made?

Canada Goose has expanded its global presence and formed strategic partnerships, maintaining a strong financial performance.

Canada Goose Holdings Inc.

NYSE:GOOS

GOOS Rankings

GOOS Stock Data

969.01M
44.86M
1.57%
82.49%
9.48%
Apparel Manufacturing
Consumer Cyclical
Link
United States of America
Toronto