6/11/2023 0 Comments Foot traffic![]() Part of that growth comes from an expansion of the retailer’s product mix beyond down parkas.Ĭanada Goose said it diversified its product sales mix in the quarter, with non-heavyweight down products making up 47.1 per cent of sales, up from 45.4 per cent. We ended fiscal year 2023 with repeat customers making up almost a third of our base.” “We’ve seen growth in our repeat customers cohort. “I’m pleased to see one of our most mature markets driving such strong results,” Reiss said. In Canada - the company’s home market - sales were up 41 per cent, led by 170 per cent growth in apparel sales, he said. Yet an acceleration in sales in the United States towards the end of the fourth quarter and into the current quarter offers “confidence in the business recovery,” Reiss said. “We attribute this to the macro environment in the quarter, where economic uncertainty affected consumer behaviour.” in our fourth quarter, with the overall growth we saw across our stores offset by lower e-commerce results,” he said. While Canada Goose recorded strong sales in Asia and other regions including Europe, demand in North America was more mixed, Reiss said. Revenue totalled $293.2 million, up from $223.1 million in the same quarter last year. The outerwear maker said it lost three cents per diluted share in the quarter, down from a loss of nine cents per diluted share a year earlier. The company reported a loss of $3.1 million in the final quarter of its 2023 financial year, compared with a loss of $9.1 million a year earlier. ![]() His comments came as Canada Goose recorded a more than 30 per cent increase in revenue in the fourth quarter ended April 2. “Our stores in every market performed well, with traffic rebounding” especially in the Asia Pacific region and Europe, the Middle East, Africa and Latin America, Reiss said. chairman and CEO Dani Reiss told analysts during a conference call. “Our stores were busy and the familiar lineups have returned,” Canada Goose Holdings Inc. ![]() ![]() Shoppers are once again queuing up outside Canada Goose stores amid a strong rebound in foot traffic and demand for the luxury parka maker’s expanding collection, the company said Thursday. ![]()
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