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 has appointed Jess Johannson as its new Chief Human Resources Officer. Johannson will oversee the company's HR strategy across corporate, manufacturing, and retail sectors, focusing on talent acquisition and employee experience. She brings over 20 years of HR leadership experience from various industries, most recently at Tucows. Dani Reiss, Chairman & CEO, expressed confidence in her ability to enhance the company's culture and support its global expansion. Canada Goose is known for its luxury performance apparel and commitment to sustainability through its HUMANATURE platform.
Canada Goose is expanding its U.S. presence with new permanent stores in Las Vegas and Denver, alongside pop-up locations in Aspen and Detroit. The Las Vegas store at Wynn opens on November 5, and Denver’s location follows in December. These expansions introduce new product categories and exclusive collections, enhancing the brand’s year-round offerings. Customers can experience unique retail features, including a Snow Room demonstrating product functionality in extreme temperatures. This initiative aims to elevate brand visibility and reach diverse audiences.
Canada Goose Holdings (GOOS) reported a 19.0% revenue growth in Q2 2023, totaling $277.2 million, boosted by strong performance in North America and Wholesale in EMEA. The gross margin improved to 59.8%, up 180 basis points, while adjusted EBIT rose 70.1% to $29.6 million. However, net income dropped to $5.0 million, reflecting a 66.7% decline in earnings per share. The company revised its fiscal 2023 guidance, lowering revenue expectations to $1.200-1.300 billion due to ongoing Covid-19 impacts in China and wider macroeconomic uncertainty.
Canada Goose Holdings Inc. (NYSE: GOOS) will release its Q2 fiscal 2023 results on November 2, 2022, before the market opens. A live conference call is scheduled for 9:00 am ET on the same day, accessible via the investor relations page of its website. The archived webcast will be available within two hours post-call, until November 1, 2023. Founded in 1957, Canada Goose is a leading luxury apparel manufacturer, emphasizing quality and sustainability through its HUMANATURE platform.
Canada Goose has launched its Fall/Winter campaign featuring an all-female cast photographed by Annie Leibovitz. The campaign centers on the theme 'Live in the Open' and showcases new womenswear offerings designed to inspire female consumers. Set against the Scottish Highlands, the initiative highlights the stories of women like Jodie Turner-Smith, Soo Joo Park, and Khadijha Red Thunder, while emphasizing the brand's commitment to performance and style. The collection, featuring parkas, jackets, and vests, is available globally.
Canada Goose Holdings Inc. (NYSE:GOOS) will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 8:50 a.m. ET. The event will take place at the Conrad Hotel in New York City, featuring a fireside chat with CEO Dani Reiss, President Carrie Baker, and CFO Jonathan Sinclair. The discussion will be available via live webcast on the company's investor relations website, with an archived version accessible afterward.
Canada Goose has appointed Larry Li as President of China, effective immediately. Based in Shanghai, Li will manage all commercial, marketing, and financial activities in the region, reporting to Paul Cadman, President of Asia Pacific. With nearly 20 years in the luxury sector, including leadership roles at Dunhill and LVMH, Li aims to leverage his expertise to enhance the brand's presence. Canada Goose continues to expand in China, having opened 16 stores since entering the market in 2018 and planning to launch three more this fall.
Canada Goose Holdings Inc. (NYSE:GOOS) held its annual general and special meeting on August 12, 2022, announcing the election results for its board of directors and the reappointment of Deloitte LLP as the company’s auditor. All director nominees received majority shareholder approval, with votes for ranging from 97.93% to 99.96%. Additionally, an amendment to the Omnibus Incentive Plan was approved, increasing the share reserve by 5,266,699 subordinate voting shares, representing approximately 8.9% of outstanding shares. The meeting reflects strong shareholder support for the company’s governance and strategic direction.
Canada Goose Holdings reported strong Q1 2023 results, with revenue of $69.9 million, reflecting a 24.2% increase year-over-year.
Key drivers included a remarkable 75% revenue growth in North America and 10.7% growth in DTC comparable sales. Gross margin improved to 61.1% from 54.5%.
However, the company registered an operating loss of $80.7 million and a net loss of $62.4 million, with increased expenses impacting profitability.
Canada Goose Holdings Inc. (NYSE: GOOS) will release its first quarter fiscal 2023 results, covering the period ending July 3, 2022, on August 11, 2022. Investors are invited to join a live webcast of the conference call at 9:00 AM ET on the same day, accessible via the Company's investor relations page. An archived version of the webcast will be available within two hours post-call and will remain accessible until September 8, 2022.
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