Canada Goose revenue up 33.7% in Q2 fiscal 2019

The wholesale revenue of the company increased to $179.9 million from $152.1 million in Q2 2019. The increase was attributable to higher order values from existing partners, earlier shipment timing relative to last year and favourable foreign exchange rate fluctuations.

Based on the strength of performance across the business, with a particularly significant contribution from the direct-to-consumer (DTC) channel, the company now expects fiscal 2019 results to exceed the outlook which was originally provided with the release of fourth quarter and fiscal year 2018 results on June 15, 2018, according to a press release by the company. The company now expects an annual revenue growth of at least 30 per cent.

“Continuing the momentum of the first quarter, the results we delivered in the second quarter are exceptional. With such an outstanding first half of the fiscal, we are in a strong position ahead of our peak selling season,” said Dani Reiss, president & CEO. “Our wholesale growth and DTC sales productivity further accelerated, which more than offset strategic growth investments that will carry us into the future, including opening a third manufacturing facility in Winnipeg, the build-out of our Greater China business, and the commercial launch of our DTC channel in that market.” (PC)

Fibre2Fashion News Desk – India