In its third quarter ended January 02, 2022, globally renowned outerwear brand Canada Goose, registered a 26.2 per cent rise in sales. As per an Apparel Resources report, known for its parkas and jackets, the brand’s non-parka revenues surged by 74.9 per cent. Its global online revenues grew 28.1 per cent while direct-to-consumer (DTC) revenues grew to Can$ 445.4 million from Can$299.4 million. Most of this increase was driven by higher sales from existing retail stores, complemented by online growth and retail expansion.

The brand’s DTC revenue in Mainland China surged 35.1 per cent while its wholesale revenues declined to Can$ 136.7 million this quarter. Gross profit grew 66.8 per cent to Can$ 413.8 million from Can$ 316.4 million in Q3’ 21. Canada Goose has lowered total revenue guidance in the current quarter from Can$ 1.090 billion to Can$ 1.105 billion, compared to previous guidance in the range of Can$ 1.125 billion to Can$ 1.175 billion. The decision was driven by the brand’s lower than expected revenue and retail traffic in APAC and EMEA in the current quarter.

Founded in 1957, Canada Goose sells a variety of jackets, parkas, vests, hats, gloves, shells and other garments through various sale channels,