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Bloomberg
Parka maker Canada Goose Holdings Inc struck an upbeat tone for the coming year, with plans to add 10 stores, launch a footwear line and spend more on marketing, all while forecasting record revenue.
With no tourism recovery in sight and spending plans putting pressure on margins,
investors flinched. The Toronto-based company reported fourth-quarter earnings that beat analysts’ forecasts, thanks to a surge in e-commerce, and predicted sales topping $820 million this fiscal year. The commercial momentum allows for a boost in investment, Chief Financial Officer Jonathan Sinclair said.
“We believe that the time is right to play more offense and to drive our agenda even harder,†Sinclair said.