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Business Apr 22 - 9,862 views
Canada Goose Holdings Inc. announced it plans to open three new stores in North America this fall as part of its retail expansion plan.
The stores will be in Short Hills, N.J., Montreal and Vancouver.
The locations are expected to open ahead of the 2018 holiday shopping season.
The store announcement came as the luxury parka maker reported a fourth-quarter profit of $8.1 million or seven cents per diluted share compared with a loss of $23.4 million or 23 cents per diluted share a year ago.
Revenue for the quarter ended March 31 totalled $124.8 million, up from $51.1 million in the same quarter a year earlier.
For its full financial year, Canada Goose says it earned $96.1 million or 86 per diluted share on $591.2 million in revenue. That compared with a profit of $21.0 million or 21 cents per share on $403.8 million in revenue in the previous year.
