Canada Goose Surges 25% on Revenue Beat, Buoyant Profit Outlook
- Parka maker plans to raise prices, sees margins expanding
- Sales increased nearly 30% in Asia Pacific in fourth quarter
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High-end coat maker Canada Goose Holdings Inc. reported higher-than-expected sales growth, thanks to big gains at stores in China and the US, sending the shares to their biggest rise in more than three years.
The Toronto-based company reported revenue of C$358 million ($263 million) for the fiscal fourth quarter ended March 31, compared with the average analyst estimate of C$316 million.