Canada Goose Surges on Surprise Profit, China Growth Prospects
- Parka maker expects earnings growth of at least 25% this year
- ‘Just scratching the surface’ of global potential, CEO says
Photographer: Galit Rodan/Bloomberg
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Canada Goose Holdings Inc.’s forecast proved to be conservative again.
The luxury parka maker reported a profit in the fourth quarter while analysts had projected a loss. Earnings almost doubled for the fiscal year, the company said Friday, outpacing the at least 35 percent growth outlook it provided seven months ago. Canada Goose predicted an increase of at least 25 percent for the current year.