Canada Goose is slowly creeping its way into the U.S. market. According to a press release, the luxury jacket retailer will open at The Mall at Short Hills in New Jersey before the 2018 holiday shopping season.
Canada Goose, who specializes in premium-priced parkas that retail north of $1,000 continues to double down on its quest to dominate the high-end outerwear market.
According to recent financial results Canada Goose increased total revenue by a whopping 46.4% to $591.2 million. Net income was $96.1 million, or $0.86 per diluted share. Adjusted EBITDA margin expanded by 517 basis points to 25.2% from 20.1%. Adjusted net income per diluted share increased by 95.3% to $0.84
Dani Reiss, President & Chief Executive Officer went on to say “Our execution in fiscal 2018 was exceptional across all growth strategies and key metrics. These results reinforce my belief that we are still just scratching the surface of our global potential. As we continue to bring more Canada Goose to more of the world, we are resolutely focused on the long term and what we need to get there. Fiscal 2019 will be another exciting year, as we make significant strategic investments in infrastructure and people to support our foundation for enduring growth.”
Founded in a small warehouse in Toronto, Canada in 1957, Canada Goose has grown into one of the world’s leading makers of performance luxury apparel. Every collection is informed by the rugged demands of the Arctic and inspired by relentless innovation and uncompromised craftsmanship. From Antarctic research facilities and the Canadian High Arctic, to the streets of New York, London, Milan, Paris, and Tokyo, people are proud to wear Canada Goose products. Employing more than 2,700 people worldwide, Canada Goose is a recognized leader for its Made in Canada commitment, and is a long-time partner of Polar Bears International. Visit canadagoose.com for more information.
From the backwoods of Michigan, Thomas Dishaw is writer and health hacker. Thomas currently resides outside Philadelphia with his wife and dog. You can support Thomas' work by making a donation below or following him on Instagram. You can reach Thomas via email at firstname.lastname@example.org.