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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 and Sazaby League have launched a joint venture, Canada Goose Japan, aimed at expanding direct-to-consumer (DTC) channels and retail stores in Japan. This collaboration replaces their previous exclusive distribution agreement and is anticipated to enhance revenue and gross profit per unit. Projected revenue for fiscal 2023 is between C$60 million and C$65 million, doubling that of fiscal 2022. The venture positions Canada Goose to improve its market presence in one of the largest luxury markets globally.
Canada Goose Holdings Inc. (NYSE: GOOS) has appointed Belinda Wong, Chairman of Starbucks China, to its Board of Directors. Wong brings over 20 years of leadership experience in China and the Asia Pacific region, where she previously served as CEO of Starbucks China, significantly expanding its operations. Under her leadership, Starbucks China reached nearly US$4 billion in revenue and opened close to 6,000 stores. CEO Dani Reiss believes Wong's expertise will enhance Canada Goose's growth strategies.
Canada Goose (NYSE: GOOS) is responding to the ongoing conflict in Ukraine by donating $100,000 CAD to the UNHCR to support humanitarian efforts. The company has also suspended all wholesale and e-commerce sales to Russia due to the challenging operating environment and evolving sanctions. Although Canada Goose retail locations remain unaffected, the organization is closely monitoring the situation and advocates for peace. Founded in 1957, Canada Goose is known for its performance luxury apparel, embodying uncompromised craftsmanship.
Canada Goose announced that the Ontario Securities Commission has granted it exemptive relief to repurchase up to 10% of its public float of subordinate voting shares. This buyback can occur through the New York Stock Exchange and other U.S. trading systems as part of its normal course issuer bid initiated on August 13, 2021. Previously, such purchases were restricted to 5% of outstanding shares. This exemption remains valid for 36 months and involves compliance with U.S. trading rules.
Canada Goose Holdings reported strong third-quarter fiscal 2022 results, with total revenue of $586.1 million, up 26.5% year-over-year, excluding PPE sales. Net income rose to $151.9 million or $1.41 per diluted share, while non-IFRS adjusted EBIT was $206.9 million, a margin of 35.3%. Despite growth, the company revised its fiscal 2022 outlook downwards, expecting total revenue of $1.090–$1.105 billion due to COVID-19 disruptions. Key revenue drivers included a 35.1% increase in DTC revenue in China and significant growth in non-parka product lines.
Canada Goose Holdings Inc. (NYSE: GOOS) announced it will release third quarter fiscal 2022 results on February 10, 2022, before market open. Investors can participate in a live webcast at 9:00 AM ET on the same day via the company's investor relations page. An archive of the webcast will be available shortly after the call, accessible until February 17, 2022. Founded in 1957, Canada Goose is known for its luxury performance apparel, emphasizing sustainability and innovation.
Canada Goose announced a collaboration with designer Salehe Bembury for a limited-edition capsule collection in celebration of the NBA's 75th Anniversary, to be launched on February 11, 2022. This collection features four unisex pieces showcasing bold, functional designs influenced by 90's NBA culture. The collection will be available for All-Star players at the NBA All-Star Game on February 20, 2022, in Cleveland. Canada Goose emphasizes quality and function in this partnership, blending its heritage with contemporary style.
Canada Goose has launched its 2022 Project Atigi collection, designed in collaboration with Inuk designer Victoria Kakuktinniq. This initiative honors Inuit women in Canada's North, promoting their traditions and craftsmanship. The collection features three limited-edition outerwear styles, with proceeds benefitting Inuit communities through Inuit Tapiriit Kanatami. Previous collections raised over $165,000 for cultural and educational programs. The new designs merge traditional Inuit elements with modern styles and aim to exceed past fundraising efforts starting on January 24, 2022.
Canada Goose has appointed Paul Cadman as President of Asia-Pacific (APAC), responsible for all business operations in the region. Previously, Cadman held leadership roles at prestigious luxury brands and has over 30 years of experience. The company has established a business worth over $250 million in APAC over three years. This strategic move is aimed at strengthening their brand presence and advancing their growth strategy, especially following recent store openings in cities like Beijing and Harbin.
Canada Goose (NYSE:GOOS) has launched its inaugural Footwear Collection, featuring the Snow Mantra Boots and Journey Boots for both men and women. This expansion is pivotal in enhancing the brand's product offerings, aimed at fulfilling consumer demand. The footwear, built for extreme environments, showcases innovative features and is handcrafted using high-quality materials. The collection also aligns with Canada Goose's sustainability goals, utilizing responsibly sourced leather and advanced insulation technologies. Available worldwide, this launch is supported by a global marketing campaign.
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