Canada Goose soars after beating estimates; online sales up

Canada Goose soars after beating estimates; online sales up 39%


Canada Goose jumps most since 2018 as online sales surge
Brett Bundale, The Canadian Press
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Canada Goose Holdings Inc. beat expectations in its biggest quarter of the year, returning the luxury parka maker to growth for the first time since the onset of the pandemic.
Increasing online sales, store expansions in China and expanding product diversification pushed the company's third-quarter revenues to $474 million, up from $452.1 million a year earlier with a profit of $107 million.
The results surpassed estimates and lifted the winter clothing maker's shares as much as 30 per cent during the day -- its highest since 2018 -- before closing up $10.05 or 22.4 per cent at $54.95 a share.

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