January 23, 2022

Wire Service Canada

Complete Canadian News World

Canada Goose exceeded turnover expectations for the last quarter. The loss expands

(Teleforza) – Canada Duck, A Canadian company specializing in winter clothing, has registered Revenue 56.3 million Canadian dollars (approximately 38.4 million euros) in the first quarter of fiscal year 2022 ending 27 June. That number has risen sharply from 26.1 million in the same period of 2020. Demand for this specialty has grown significantly as a result of recent corporate scandals, Thanks to the reopening of key economies.

Revenue was higher than market expectations, with analysts expecting an average of $ 49.7 million. Total revenue of the segment E-commerce Increased by 80.8%. There Total loss It was $ 56.7 million or 0.51 per diluted stock, compared to -50.1 million or -0.46 per diluted stock last year.

“Canada Goose got off to a great start in the first quarter,” he said Tony Reyes, Chairman and CEO – Our digital business continues to grow rapidly worldwide, as well as promoting retail trends. With strong speed Less disruptive operating environment And we are well established in fiscal year 2022, including the launch of an amazing product pipeline, new clothing and footwear at the end of the fall.

(Photo: © Veerasak Piyavathanakul)

READ  Canada's record heat mistake