Reported 2 days ago
Canada Goose has reported a larger-than-expected quarterly loss due to rising costs from retail expansion and marketing initiatives, although sales increased by 22.4% in the first quarter. The company's collaboration with designer Haider Ackermann and its diversification into eyewear and other apparel have helped boost consumer interest. Despite challenges, including tariff uncertainties, Canada Goose remains optimistic about its long-term growth, especially as U.S. revenue surged 45.4%. The company plans to open new stores and views in-store staff as a critical investment for revenue growth.
Source: YAHOO