Fashion Retailer’s Impressive Results Continue to Soar
- 50.2% increase in total revenue for Canada Goose in 2018
- Wholesale revenue increased to $164m from $134m
- Adjusted EBITDA increased by 59.6% to $151.1m
- Gross profit increased to $257.3m with a gross margin of 64.4%
- Higher proportion of customers purchased products in the second half of fiscal 2019 compared to the previous year
- Dani Reiss, president and CEO, is confident about future success
Canadian fashion retailer Canada Goose has reported a significant increase in revenue for 2018, with total revenue reaching $399.3 million (£309.1m), up from $265.9 million the previous year. Wholesale revenue increased to $164 million (£126m) from $134 million due to higher order values from existing partners and earlier shipment timing. Adjusted EBITDA also saw a 59.6% increase, reaching $151.1 million (£117m). The company’s gross profit increased to $257.3 million (£199.2m) with a gross margin of 64.4%, compared to the previous year’s 63.6%. In addition, more customers purchased products in the second half of fiscal 2019 than the same period last year, contributing to growth during the quarter. President and CEO Dani Reiss expressed confidence in the company’s future success, citing successful market entry, new product introductions, and increased capacity to meet growing demand in both channels.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Canada Goose’s financial performance, including revenue, wholesale revenue, adjusted EBITDA, and gross profit. It also quotes the CEO’s positive outlook on future growth potential.
Noise Level: 3
Noise Justification: The article provides relevant financial information about Canada Goose’s revenue growth and performance, as well as insights from the CEO on their strategy for future success. However, it lacks in-depth analysis or exploration of long-term trends or consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Canada Goose’s stock price may be impacted by these financial results and growth projections
Financial Rating Justification: The article discusses the company’s financial performance, including revenue, EBITDA, and gross profit, which are relevant to investors and financial markets. Additionally, the CEO’s optimistic outlook on future success may affect the company’s stock price.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text.
www.retailsector.co.uk 