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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 reported a strong second quarter for fiscal 2022, achieving $232.9 million in revenue, a 40.3% increase from the previous year, excluding PPE sales. The company recorded net income of $9.0 million or $0.08 per share. Direct-to-consumer (DTC) revenue surged by 85.9% in China. Despite a slight decrease in operating margin, the firm anticipates total revenue for fiscal 2022 to exceed $1 billion, with a new guidance range of $1.125 billion to $1.175 billion.
Canada Goose Holdings Inc. (NYSE: GOOS) will release its second-quarter fiscal 2022 results on November 5, 2021, before the market opens. The conference call will occur at 9:00 am ET, with a live webcast accessible via the investor relations page of the Company's website. An archived version of the call will be available shortly after and can be accessed until November 12, 2021. Canada Goose, established in 1957, is a premier manufacturer of luxury performance apparel, committed to sustainability and functionality.
Canada Goose has launched its first store in California, situated at South Coast Plaza. The store features the innovative Snow Room, designed to simulate Arctic conditions, showcasing the brand's performance luxury apparel. The new location offers lightweight down jackets, the upcoming Footwear collection, and emphasizes sustainability through its HUMANATURE platform. Canada Goose aims for net zero carbon emissions and has committed to ending the use of fur. The store also includes art by local Canadian artists and promotes collaborations that benefit Polar Bears International.
Canada Goose is set to launch a pre-sale for its inaugural Footwear Collection exclusively for its Basecamp community, allowing fans to purchase Snow Mantra and Journey Boots ahead of the official release. The event runs from October 22 to October 27. The full footwear line will debut on November 11 in Asia and November 12 worldwide. This collection follows the brand's Footwear Campaign, showcasing personal stories from notable figures, including Romeo Beckham and Sarain Fox, emphasizing the performance aspect of Canada Goose products.
Canada Goose has launched its first Footwear Collection, featuring the Snow Mantra Boot and Journey Boot, set to debut on November 11 in Asia-Pacific and November 12 in North America and EMEA. The campaign showcases personalities like Romeo Beckham, Sarain Fox, and Jordin Tootoo, emphasizing their individual journeys and connection to nature. CEO Dani Reiss highlighted this launch as a significant milestone, merging luxury with performance. The collection promises high-quality design and functionality, aiming to strengthen the brand's presence in the luxury footwear market.
Canada Goose Holdings Inc. (NYSE:GOOS) announced an automatic share purchase plan (ASPP) as part of its normal course issuer bid (NCIB) to buy back up to 5,943,239 subordinate voting shares. This plan allows purchases during regulatory blackout periods, ensuring compliance with stock exchange rules. The NCIB, which started on August 20, 2021, will conclude by August 19, 2022. To date, Canada Goose has repurchased 2,815,348 shares under this program.
Canada Goose announced that the Toronto Stock Exchange has approved a normal course issuer bid (NCIB) to repurchase up to 5,943,239 subordinate voting shares over 12 months, starting August 20, 2021. This buyback represents about 10% of the public float as of August 6, 2021. The company believes this is a beneficial use of its excess cash as part of its capital allocation strategy. The NCIB allows purchases through the TSX and NYSE at market price plus fees, with specific conditions for weekly and daily buybacks.
Canada Goose reported strong financial results for Q1 FY2022, highlighting a total revenue increase to $56.3 million from $26.1 million year-over-year. The company's global e-Commerce revenue surged by 80.8%, with DTC revenue rising 188.7% in Mainland China. Despite ongoing retail challenges, Canada saw a 126.1% increase in revenue. Gross profit reached $30.7 million, with a gross margin of 54.5%. Operating loss was $(60.7 million), an increase from $(59.3 million), largely due to investments in marketing and foreign exchange impacts.
Canada Goose Holdings Inc. (NYSE: GOOS) announced plans to release its first quarter fiscal 2022 results on August 11, 2021, before the market opens. A live conference call will be held on the same day at 9:00 am ET, available via webcast on the investor relations page of their website. The archive of the call will be accessible for listening until September 10, 2021.
Founded in 1957, Canada Goose is known for its luxury performance apparel and commitment to sustainability through its HUMANATURE platform.
Canada Goose will eliminate fur from its products by the end of 2022 as part of its sustainability initiative, HUMANATURE. The phased approach includes halting fur purchases by the end of 2021. This decision aims to enhance product quality and align with their commitment to environmental responsibility.
Recent product launches, such as the Standard Expedition Parka, demonstrate their focus on sustainability, using 30% less carbon and 65% less water in production. The company strives for net-zero carbon emissions by 2025, transitioning to sustainable materials and practices.
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