Canada Goose's DTC Channel Came In Better Than Feared -- Market Talk
Dow Jones
May 21, 2025
0737 ET - Canada Goose's direct-to-consumer channel performed better than expected despite warnings of softer consumer trends a quarter ago. DTC, which includes retail stores and ecommerce, saw revenue grow 5.1% to C$998.9 million in FY25, topping analyst expectations of a more modest rise to C$974.4 million. In 3Q, the company downgraded its DTC expectations largely due to softer trends in global luxury consumer spending. Total revenue for FY25 was up 1.1% to C$1.35 billion, beating analyst views. Still, the company thought it prudent to hold off on disclosing its projections for FY26, given what is calls "ongoing macroeconomic uncertainty." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 07:37 ET (11:37 GMT)
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