Canada Goose Holdings, a manufacturer of performance luxury apparel, has reported 33 per cent revenue growth to $208.8 million (Canadian dollars) in its fourth quarter (Q4) FY21, ended on March 28, 2021, compared to $140.9 million in the corresponding quarter previous fiscal. The company’s net income for Q4 FY21 was $2.9 million (Q4 FY20: $2.5 million).
Canada Goose Holdings, a manufacturer of performance luxury apparel, has reported 33 per cent revenue growth to $208.8 million (Canadian dollars) in its fourth quarter (Q4) FY21, ended on March 28, 2021, compared to $140.9 million in the corresponding quarter previous fiscal. The company's net income for Q4 FY21 was $2.9 million (Q4 FY20: $2.5 million).#
“Canada Goose has shifted from recovery to growth beyond pre-pandemic levels,” Dani Reiss, president and CEO at Canada Goose, said in a press release. “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 DTC distribution.”
Canada Goose Holdings, a manufacturer of performance luxury apparel, has reported 33 per cent revenue growth to $208.8 million (Canadian dollars) in its fourth quarter (Q4) FY21, ended on March 28, 2021, compared to $140.9 million in the corresponding quarter previous fiscal. The company's net income for Q4 FY21 was $2.9 million (Q4 FY20: $2.5 million).#
Gross profit for the reported quarter rose to $138.6 million ($93.6 million), while selling, general and administrative expenses was $111.6 million ($95.9 million). The company’s operating income improved to $7.8 million (operating loss: $17.2 million).
Canada Goose Holdings, a manufacturer of performance luxury apparel, has reported 33 per cent revenue growth to $208.8 million (Canadian dollars) in its fourth quarter (Q4) FY21, ended on March 28, 2021, compared to $140.9 million in the corresponding quarter previous fiscal. The company's net income for Q4 FY21 was $2.9 million (Q4 FY20: $2.5 million).#
According to the company, its revenue during Q4 FY21 increased significantly in all geographic regions except Canada, which declined 6.9 per cent despite elevated mandatory retail closures relative to other markets. Whereas DTC revenue in Mainland China, which was heavily impacted by Covid-19 disruptions in the comparative quarter, increased 101.4 per cent.
Canada Goose Holdings, a manufacturer of performance luxury apparel, has reported 33 per cent revenue growth to $208.8 million (Canadian dollars) in its fourth quarter (Q4) FY21, ended on March 28, 2021, compared to $140.9 million in the corresponding quarter previous fiscal. The company's net income for Q4 FY21 was $2.9 million (Q4 FY20: $2.5 million).#
“Our new Cypress and Crofton collection, as well as the NBA All-Star collaboration, also showcase our ability to relentlessly drive brand heat. Recognising pandemic uncertainties remain, we are highly confident in our potential for meaningful growth as we move into fiscal 2022,” Reiss concluded.
Fibre2Fashion News Desk (JL)
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