Canada Goose reports record fourth quarter revenues

18/05/2021
Canada Goose reports record fourth quarter revenues
Outdoorwear company Canada Goose has reported revenue of $208.8 million for the fourth quarter 2021, higher than pre-pandemic levels.

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