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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 Inc. (NYSE: GOOS) hosted an Investor Day on February 7, 2023, unveiling its five-year financial targets and strategic priorities. The company aims to achieve $3 billion in revenue by fiscal 2028, representing a CAGR of approximately 20%. Their strategy focuses on three pillars: accelerating consumer growth, expanding their direct-to-consumer (DTC) network, and diversifying product categories, including apparel and footwear. The expected adjusted EBIT margin is 30%. The initiative is underpinned by historical revenue growth since its IPO and aims for a balanced geographical revenue split between North America, EMEA, and Asia-Pacific.
Canada Goose Holdings announced Q3 2023 financial results, reporting revenue of $576.7 million, a 1.6% decline from the previous year, primarily due to COVID-19 disruptions in Mainland China. Despite a 72.2% gross margin, net income fell to $137.5 million, reflecting a 10.8% decrease compared to last year. The company expects total revenue for fiscal 2023 to be $1.175 billion to $1.195 billion, down from a previous outlook of $1.200 billion to $1.300 billion. CEO Dani Reiss expressed optimism about a rebound in Mainland China despite acknowledging challenges in North America.
Canada Goose has launched its recommerce platform, Canada Goose Generations, focusing on sustainability and quality craftsmanship. This platform allows consumers to trade-in pre-loved Canada Goose apparel while shopping for a curated selection of vintage and limited-edition pieces. It emphasizes the brand's commitment to the circular economy, ensuring products can have multiple lifetimes. The initiative is powered by Trove, a leader in branded resale, and will initially operate in the U.S. with plans to expand to Canada later. The launch aligns with Canada Goose's broader Sustainable Impact Strategy.
Canada Goose Holdings Inc. (NYSE: GOOS, TSX: GOOS) has announced its Investor Day scheduled for February 7, 2023, at its Toronto headquarters. The event will highlight the Company's long-term strategic initiatives and financial outlook, featuring presentations and a Q&A session with the executive management team. Starting at 10:00 a.m. ET and concluding by 3:00 p.m., attendance is by invitation only, and pre-registration is required. A live video broadcast will be available on the Investor Relations website, with an archived replay accessible post-event.
Canada Goose Holdings Inc. (NYSE: GOOS) will release its third quarter fiscal year 2023 results, concluding January 1, 2023, on February 2, 2023, before market open. An investor conference call to discuss the results is scheduled for 9:00 AM ET on the same day, accessible via the company's investor website. Established in 1957 in Toronto, Canada Goose is a leading luxury apparel manufacturer focused on performance. With a commitment to sustainable practices encapsulated in its HUMANATURE platform, the company continues to emphasize innovation and craftsmanship across its product lines. Further details will be available on the company’s website.
Canada Goose Holdings Inc. (NYSE:GOOS) announced the approval of a normal course issuer bid (NCIB) by the Toronto Stock Exchange, permitting the repurchase of up to 5,421,685 subordinate voting shares over a twelve-month period, starting November 22, 2022. This buyback represents approximately 10% of the public float, aimed at utilizing excess cash effectively as part of their capital allocation strategy. The NCIB will be executed through TSX and NYSE markets, and the company also established an automatic share purchase plan (ASPP) for the buyback.
Canada Goose has announced a significant humanitarian initiative, donating over 10,000 parkas and jackets, along with $135,000 CAD to
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.
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