Canada Goose Reports $74 Million Q1 Loss

Canada Goose Holdings Inc. reported a net loss of $74 million for the first quarter ending June 30, a slight improvement from the $85 million loss a year earlier. Despite the loss, the company posted higher-than-expected revenues of C$88.1 million, driven by strong sales in the Asia Pacific region and the introduction of new lightweight products. Revenues in Asia grew by 25%, while North American sales saw a 3% decline. The company also launched its first rain boot and saw year-over-year growth in apparel, wind wear, and footwear sales. Although the stock has underperformed, declining 2.5% year-to-date, the company has surpassed earnings estimates in three of the last four quarters. The firm maintained its fiscal 2025 revenue growth target and expects annual adjusted profit to rise in the mid-teen percentage range.