Earnings release
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Canada Goose Reports Results for Second Quarter Fiscal 2022 and Raises Fiscal 2022 Outlook CANADA GOOSE ARCTIC PROGRAM Second Quarter Fiscal 2022 Highlights ( in Canadian dollars ) : • Total revenue $ 232.9m • Net income $ 9.0m , or $ 0.08 per diluted share • • Non - IFRS adjusted EBIT $ 16.1m Non - IFRS adjusted net income per diluted share $ 0.12 TORONTO , ON ( November 5 , 2021 ) - Canada Goose Holdings Inc. ( " Canada Goose " or the " Company " ) ( NYSE : GOOS , TSX : GOOS ) today announced financial results for the second quarter ended September 26 , 2021 . " Our second quarter results demonstrate our momentum , ” said Dani Reiss , President & CEO . “ Across all channels , we are seeing strong leading indicators of peak season demand . With accelerating DTC trends , growing lifestyle relevance and unique supply chain flexibility , we believe we have the right foundation in place for an outstanding fiscal 2022. " Second Quarter Fiscal 2022 Business Highlights ( compared to Second Quarter Fiscal 2021 ) • Total revenue increased by 40.3 % , excluding $ 28.8m of temporary PPE sales in the comparative quarter . Including temporary PPE sales , total revenue increased by 19.6 % . Global e - Commerce revenue increased by 33.8 % , driven by growth in all major existing markets . • DTC revenue in Mainland China increased by 85.9 % . Second Quarter Fiscal 2022 Results ( compared to Second Quarter Fiscal 2021 ) • Total revenue was $ 232.9m from $ 194.8m . • • • DTC revenue was $ 83.2m from $ 46.2m . The majority of the increase was driven by higher sales from existing retail stores , complemented by e - Commerce growth and retail expansion . Wholesale revenue was $ 147.9m from $ 118.5m . The increase was a result of earlier order shipment timing relative to fiscal 2021. This was driven by wholesale partner requests due to a lower level of COVID - 19 disruptions to their operations . Other revenue was $ 1.8m from $ 30.1m . The decrease was attributable to PPE sales in the comparative quarter , which were temporarily manufactured in support of COVID - 19 response efforts . Gross profit was $ 135.0m , a gross margin of 58.0 % , compared to $ 94.2m and 48.4 % . 1