Canada Goose prof­its soar­ing

Toronto Star - - BUSINESS -

Canada Goose Hold­ings Inc. raised its out­look on Thurs­day as it re­ported dou­ble-digit im­prove­ments to its se­cond-quar­ter profit and rev­enue com­pared with a year ago.

The Toronto-based maker of high-end parkas says it earned $37.1 mil­lion for the three months ended Sept. 30. That’s up 85.5 per cent from $20 mil­lion in last year’s se­cond quar­ter.

The profit amounted to 33 cents per share, up from 20 cents per share a year ear­lier when Canada Goose had fewer shares out­stand­ing.

Rev­enue climbed 35 per cent from $127.9 mil­lion to $172.3 mil­lion.

In its re­vised out­look, Canada Goose says it now ex­pects an­nual rev­enue growth of at least 25 per cent com­pared with ear­lier ex­pec­ta­tions of growth in the mid-to-high teens.

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