Canada Goose reports record fourth quarter revenues
18/05/2021
Total revenue increased by 33.7% compared with the same quarter in fiscal 2019, which was before the onset of the covid-19 pandemic.
Ecommerce revenue increased by 123.2%, driven by high double-digit and low triple-digit growth rates in all big markets.
CEO Dani Reiss said: “We achieved our largest ever fourth quarter by revenue. With triple digit e-commerce growth and a resilient retail performance despite disruptions, we served our global consumer base through agile and flexible direct-to-consumer distribution.”
The company expects revenue to exceed $1 billion in fiscal 2022.
Mr Reiss added: “Recognising pandemic uncertainties remain, we are highly confident in our potential for meaningful growth as we move into fiscal 2022.”
Image: Canada Goose’s Yorkdale Shopping Centre Store in Toronto