Boosted by third quarter 2022 revenues up 26.5% over previous year, Canada Goose is on track to exceed C$1 billion for the first time ever
Taking a broader view of company performance through the first three quarters, Canada Goose reached C$875.3 million this year, up 26% over last year’s C$694.9 and 7% over C$817.2 in fiscal 2020.
“We view these disruptions as temporary,” Reiss said in the earnings call. “And in the case of APAC, we’ve seen sequential improvement in the past two weeks.” On the other hand, CFO Jonathan Sinclair reported that the EMEA is further behind in reaching normal retail operations. The company relies heavily on retail traffic in Asia and Europe. Out of its total 45 stores, including popups, there are 20 stores in APAC, ten in EMEA, nine in Canada and only six in the U.S. As such, the U.S. hits well above its weight and the company expects the U.S. to exceed pre-pandemic levels once international travel resumes.
Next quarter a spring footwear range will be released, as the company senses strong potential in the category. And through its 2018 acquisition of the Canadian footwear company Baffin, it has the resources in place to take advantage of it.
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