20:39:31 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Canada Goose Holdings Inc
Symbol GOOS
Shares Issued 47,266,126
Close 2024-02-01 C$ 17.39
Market Cap C$ 821,957,931
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FP/CP say Canada Goose does well in Asia

2024-02-02 09:04 ET - In the News

The Financial Post reports in its Friday, Feb. 2, edition that Canada Goose Holdings enjoyed skyrocketing sales in Asia last quarter, even as revenue fell sharply in North America and Europe. A Canadian Press dispatch to the Post reports that Canada Goose said in Macao and Hong Kong store traffic doubled. Sales in Asia jumped 62 per cent year over year in the quarter ended Dec. 31. Chief executive officer Dani Reiss said, "Strength in (Asia-pacific) reflects both the colder weather in greater China in Q3 as well as the end of store closures last year relating to COVID-19 restrictions." The Pacific surge fuelled a total year-over-year revenue boost of 6 per cent in its third quarter. Closer to home, however, the company saw sales drop off. Warmer weather through the fall and early winter alongside weaker consumer demand caused by high inflation and interest rates drove down revenues by nearly 14 per cent in Canada and the U.S. Canada Goose president Carrie Baker said: "Where we saw the pressure was just consumers feeling that pinch -- a little less loose with their wallets. Weather didn't help. Winter just didn't come for them. And so they didn't have that same sort of spur to get their typical winter jackets."

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