Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025.
Here's how the company did:Earnings per share: 5 Canadian cents, which may not compare with estimates of 7 Canadian cents5 Canadian cents, which may not compare with estimates of 7 Canadian cents Revenue: CA$358 million (US$263 million), which may not compare with the CA$315.5 million (US$232 million) expected by LSEG.
The broader Asia-Pacific region excluding Greater China was up 29.1%, and North American sales saw an increase of 24.5%.
This upbeat performance comes after the company announced back in March that it was going to cut 17% of its corporate workforce.
Canada Goose reported the layoffs had generated about CA$20 million (US$14.7 million) in productivity improvements and cost savings for the fiscal fourth quarter.
Persons:
Canada Goose, Neil Bowden, Bowden
Organizations:
Canada, LSEG, Revenue, North, Asia Pacific
Locations:
Canada, Greater China, Mainland China, Hong Kong, Macau, Taiwan, Asia, Pacific, China, Macao, North America