Canadian Goose's First Quarter Revenue Increased By 59.1% To 29 Million 400 Thousand Canadian Dollars.

Zhitong finance and economics APP learned that before the US stock market opened on Wednesday, a quarterly report in the 2020 fiscal year, published by GOOS.US, showed that revenue increased by nearly 60%, but the net loss was the same as that of Bela. At 20:01 Beijing time, the stock market fell 5.11% before reporting 43.21 dollars.

According to the financial report, in the first quarter of fiscal year 2020, the total revenue of the company increased from 59.1% yuan to 44 million 700 thousand Canadian dollars and increased by 58.6% at fixed exchange rate.

Among them, DTC revenue increased from 23 million 200 thousand Canadian dollars to 34 million 800 thousand Canadian dollars, driven by the incremental revenue generated by the newly opened five retail stores and a new e-commerce market in fiscal 2019; wholesale revenue increased from $21 million 500 thousand to $36 million 300 thousand, driven by the higher order value of existing partners, and the requirements of European and Asian customers for earlier delivery orders (relative to last year).

In every region, each geographical area has been growing strongly, Canada's revenue has increased by 40.4%, the United States has increased by 15.8%, and Europe and the rest of the world have increased by 79.7%. In Asia, revenues rose nearly two times from $6 million 600 thousand to $18 million 100 thousand. This includes the earlier shipments to international distributors in Japan and Korea, and the incremental contribution of DTC to greater China business.

In the first quarter, the company lost a net loss of 29 million 400 thousand yuan, or a loss of 0.27 yuan per share, a net loss of 18 million 700 thousand yuan a year and a loss of $0.17 per share in the same period last year. In addition to the expected increase in operating losses, net losses were also affected by the non amortized cost of $7 million.

Canadian goose president and chief executive officer Dani Reiss said the 2020 fiscal year started well, showing strong performance in the first quarter and achieving regional growth. As companies continue to invest in capacity, they will make full use of the strong demand for the entire business.