Canadian Goose Development Such As Rocket Is Hard To Predict For 7 Consecutive Quarters.

November 14th, Italy high-end

Manufacturer Canada Goose announced its second quarter earnings in fiscal year 2019, showing that the turnover increased by 33.7% to 174 million dollars in the quarter and net income amounted to 37 million 700 thousand US dollars.

Canada goose has raised its revenue forecast for fiscal year 2019, and is expected to grow at least 30%, which is ten percentage points higher than previously predicted.

Maxime Boucher, Bloomberg intelligence analyst, said Canadian geese grew 150% in physical and online sales in the second quarter.

The performance of canadian goose surged 23% to the highest level since the listing.

Canadian goose CEO Dani Reiss said that the second quarter has continued its first quarter good results. The outstanding first half results in the financial year have made a good start for the next two sales seasons.

At the same time, he said: "Canada goose is a fast-growing company, and we are very excited. It is difficult to predict the speed of a rocket ship."

In early November, Canada goose widened its products and prepared to sell footwear products.

Canada was purchased in Canada for 32 million 500 thousand Canadian dollars (about 170 million yuan).

The brand Baffin, the paction was delivered in cash, and Canada goose also issued a restricted voting secondary stock worth 1 million 500 thousand Canadian dollars (about 7 million 930 thousand yuan) to Baffin.

After the completion of the acquisition, Baffin will become a wholly owned subsidiary of Canada goose, and will continue to be led by founder Paul Huber.

Now Canada goose is still actively developing China.

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In May this year, Canada goose announced plans to enter China.

At present, the headquarters of Greater China has been established in Shanghai, and a flagship store has been opened in Beijing, Sanlitun, IFC and Hongkong, respectively. At the same time, Tmall and its own business channel have been opened up.

This year's double eleven period, the canadian goose Tmall flagship store's pre-sale amount is millions, and the turnover is over ten million hours after the start of the event 1 hours.