A rendition of Canada Goose's London store, its largest to date.
Shares of Canada Goose Holdings Inc. jumped 12.6 percent in pre-market trading after the company bested fourth-quarter consensus estimates in its first quarterly report as a public firm.For the quarter ended March 31, the company posted a net loss of loss 23.3 million Canadian dollars or $20.7 million, or diluted EPS of 23 Canadian cents or 20 cents. That compares with a net loss of 9.9 million Canadian dollars, or $8.8 million, or diluted EPS of 9 Canadian cents or 8 cents, a year ago. On an adjusted basis, the net loss was 15 Canadian cents, or 13 cents, versus a loss of 8 Canadian cents, or 7 cents, a year ago. Revenues rose 21.9 percent to $51.1 million Canadian dollars, or $45.5 million, from 41.9 million Canadian dollars, or $37.3 million, a year ago. All conversions are at current exchange.Wall Street was expecting a loss of 15 cents a share on revenues of $23.2 million.Shares of Canada Goose were trading at $21.06 in the early morning. The boost to the stock was also helped in part by the company’s fiscal 2018 outlook. The company said it expects annual revenue growth on a percentage basis in the mid to high teens, and growth in adjusted net income per a diluted share of 20 percent per year.Dani Reiss, president and chief executive officer, said, “The year marked several milestones for us: We continued our rapid top- and bottom-line growth; opened our first two flagship retail stores — both of which far surpassed our expectations; solidified our position as a three-season brand by introducing our strongest spring collection yet and began our journey as a public company.”He said the fourth-quarter results — highlighted by the 21.9 percent revenue gain — reflected “exceptional direct-to-consumer performance, which more than offset the shift in wholesale shipments to the third quarter and drove a 950 basis point expansion in gross margin.”Reiss said the company’s strong performance demonstrates the performance of the brand and continued demand for the brand’s products.In the quarter, the company said wholesale revenue was 14.6 million Canadian dollars, or $13 million, compared with 28.6 million Canadian dollars, or $25.5 million, a year ago. Direct-to-consumer revenue, including e-commerce and sales from company-owned stores, jumped to 36.5 million Canadian dollars, or $32.5 million, from 13.3 million Canadian dollars, or $11.8 million, a year ago. Gross profit rose to 27.8 million Canadian dollars or $24.8 million, from 18.8 million Canadian dollars, $16.7 million, a year ago.RBC Capital Markets analyst Brian Tunick said, “Despite its 60-year history, we see Canada Goose as in the early stages of its growth trajectory, particularly in the fragmented and growing premium outerwear market.” Global growth drivers over the three to five years include 30 to 50 stores, compared with just two today; double-digit e-commerce increases with the rollout of additional country-specific sites; wholesale gain of 6 to 8 percent, and geographic expansion, he said.The company already has two more store openings scheduled for this fall, one in London and the other in Chicago.The company completed its initial public offering in March. Shares of the company trade on both the Toronto and New York Stock Exchanges.
There'll be no rest for those headed to Europe for men's, as Paris just closed the gap with Milan. According to a provisional calendar released by the Chambre Syndicale, Paris Men's Week will now open a day earlier on January 16. See new highlights on the official lineup on WWD.com. #wwdnews #wwdfashion (📷: @kukukuba)
BREAKING: Jonathan Saunders is leaving @DVF. The designer has resigned from his position as chief creative officer of Diane von Furstenberg, the company said in a statement on Friday. At the time of his hire, von Furstenberg said Saunders’ arrival symbolized and facilitated her stepping back from the day-to-day duties that occupy the work of a full-time creative director. The British designer joined DVF in May 2016 and was in charge of all product categories. #wwdnews
For @versace_official’s spring ad campaign, the brand emphasized the archival prints from the spring tribute collection dedicated to the late Gianni Versace. Closing out the show were five of Gianni’s favorite models: Cindy, Naomi, Carla, Helena, and Claudia. Bowing on December 18, the new campaign is yet another tribute to supermodel-dom as the images by Steven Meisel are fronted by @iamnaomicampbell, @cturlington, @gisele and more. #wwdfashion
Four-time Oscar-nominated actress Annette Bening has been waiting 20 years to play Gloria Graham in "Film Stars Don't Die in Liverpool," which will be released on December 29. The movie about Graham – a Hollywood star known for her controversial relationship with a younger Englishman named Peter Turner – is based off a memoir Turned wrote. "She felt vulnerable to him, because she loved him, she really did love him. And anyone that we really truly are in love with, we re vulnerable to in a very deep way," said Bening. Read our full interview with the modern icon of an actress on WWD.com. #wwdeye (📷: @ninebagatelles; Styled by @cristinaehrlich)
The crisp white button down: a staple that can be dressed up or down and accessorized throughout the decades. Here, on a Art Basel-goer in 2017 on the left and on the iconic Audrey Hepburn in “Roman Holiday” in 1953 on the right. #tbt #wwdfashion (📷: Andrew Morales)
Known for her work with @victoriassecret, 25-year-old model @georgiafowler is raising her profile in Hollywood. Fowler stars in @vincecamuto’s holiday campaign, which launched in partnership with “Pitch Perfect 3.” “Almost every shoot with Vince Camuto, I’ve had to face a fear…It was definitely a challenge. I’m so grateful for it, though. I’ve always wanted to be a pop star, so that was the perfect chance,” Fowler said. Head to WWD.com to read about Fowler’s experience modeling, including at the #VSFashionShow, and her relationship with Nick Jonas. #wwdeye (📷: @jilliansollazzo)
EXCLUSIVE: Huda Kattan just became the first beauty influencer to land a major beauty deal. Kattan's business, @hudabeauty, has received a minority investment from private equity firm TSG Consumer Partners. The brand, which industry sources say is on track to do $200 million in retail sales for 2017, will receive support on product, retail and geographic expansion through the deal. Get all the details on the deal and read @_a_collins' interview with Kattan on WWD.com. Link in bio. (📷: @jgreenery) #wwdbeauty #wwdnews
Peruvian model @juanaburga_official – who is known for walking the runways of @rodarte, @viviennewestwood and @torybuch – is making the move to the big screen with drama “Los Últimos.” The film premiered in Argentina in November and arrives in the U.S. and Europe in 2018. On making the switch from modeling to acting, Burga told WWD: “It’s a completely different thing – a lot of people think it’s similar or try to connect things, especially like getting used to the camera or being looked at all the time or playing these different characrers, but film is a completely different story.” #wwdeye (📷: @jgreenery)
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)