Just in time for a cold snap in the U.S., parka-maker Canada Goose Holdings Inc. said it was still on its growth track.
The company’s second-quarter results, reported in Canadian dollars, showed strong top- and bottom-line growth for the second quarter.
Net income rose 21.4 percent to $60.6 million, or 55 cents a diluted share, from $49.9 million, or 45 cents, a year earlier.
Revenues for the quarter ended Sept. 29 increased 27.7 percent to $294 million. In Asia, revenues nearly doubled to $48.9 million. And sales in the U.S. increased by 38.5 percent on a constant currency basis.
Dani Reiss, president and chief executive officer, said: “Our performance in the first half reflects the strength of our brand and power of our unique business model. Through global brand equity, selective distribution and operational flexibility, we delivered another set of strong results despite continuing external uncertainties. Alongside continued growth at home, we are making great strides internationally, and we believe we are well positioned going into our peak selling season.”