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Canada Goose Reports Robust Growth for Year Ended March 31, 2024   Canada Goose has posted an impressive performance with a 22% sales growth in Q4, thus beating revenue estimates and exceeding expectations with a C$358 million ($263 million) reported revenue. As a result, stock price jumped 12% in yesterday’s trading. The strong sales momentum in Q4 was driven by excellent retail performances in China and the USA, with sales increasing about 30 % in greater China and nearly 25 % in North America YoY. Full-year revenue grew by 10% to $1333.8 compared to the prior year, with the gross margin expanding from 67% to 68.8% YoY. For the full year, DTC revenue increased by 18%, while wholesale revenue decreased by 16%. The company is focused on boosting Asian sales, a crucial asset for their growth, with over 40% of their stores located there. They have also expanded their physical presence by opening 3 new permanent locations in Q4.   Canada Goose predicts slower overall sales growth for fiscal 2025 but aims to boost profits and margins significantly. The company plans to raise prices in the mid-single digits and increase its margin by decreasing the wholesale channel and prioritizing the DTC channel.   #CXG #CX #customerexperiencegroup #customerexperience #financialresults #canadagoose

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