Canada Geese Announced Fiscal Year 2022 Exceeding Analysts' Expectations

In the 12 months to April 3, 2022, Canada goose, a well-known down jacket luxury brand, released its fourth quarter performance report for fiscal year 2022 and its outlook for fiscal year 2023, according to fashion business express.

According to the data, the brand's direct to consumer income rose 21.5% to 1.098 billion Canadian dollars on a year-on-year basis, 23% at the fixed exchange rate, 66.8% in gross profit and 34.5% in net profit to $946 million. Retail sales also rose to $240 million to $240 million, according to retail sales. In addition, e-commerce revenue increased by 1.2% year-on-year.

In response, Dani Reiss, CEO of Canada geese, said that although revenue in the Asia Pacific region fell 9% in the fourth quarter due to the suspension of some businesses in China, it is expected that with the improvement of the epidemic situation, brand sales in China will rebound in the second half of this year. The company expects to record revenue of $60 million to $65 million in the first quarter of fiscal year 2023, Revenue for the full fiscal year will be $1.3 billion to $1.4 billion. Driving revenue to continue to grow to between $1.3 billion and $1.4 billion in fiscal year 2023, exceeding analysts' expectations.

As of Thursday's close, canadian goose shares were up nearly 10%, with a market value of about $2.2 billion.