Canada Goose reports $18.7 million loss amid international expansion plans

TORONTO — Luxury jacket maker Canada Goose Holdings Inc. says it incurred a net loss of $18.7 million in its first quarter as it eyed international markets for expansion.

The Toronto-based company’s loss of 17 cents per share is smaller than analyst expectations of 21 cents per share, according to Thomson Reuters Eikon.

Canada Goose executives attribute the loss to their expenses almost doubling as they hire staff for two stores they will open in Beijing and Hong Kong and a regional office coming in Shanghai in the fall.

As the locations launch, they say they expect marketing expenses to grow, but to remain in proportion with revenues.

Revenue in the quarter hit $44.7 million, up from the $28.2 million it recorded in the quarter the year before.

Executives say the company’s Canadian operations benefited from tourist consumers and strength in product categories including knitwear.

Just Posted

One airlifted to hospital after avalanche on glacier in Yoho National Park

LAKE LOUISE, Alta. — Parks Canada says it has responded to an… Continue reading

Hundreds of Canadian troops deployed to flood zones in Quebec and N.B.

MONTREAL — Quebec Premier Francois Legault will visit flood-damaged regions north of… Continue reading

Soldiers deploying to flood-prone areas as water levels rise in New Brunswick

MONTREAL — A woman in her 70s has died after driving her… Continue reading

Canada looks to United States for help on solving no-fly list headaches

OTTAWA — Canadian security officials have turned to their U.S. counterparts for… Continue reading

Celebrating 4-20 in Red Deer

For years, 4-20 was a time to protest for the legalization of… Continue reading

WATCH: An ‘Eggstemely Fun Easter’ at Bower Place in Red Deer

Bower Place mall made sure Red Deer families were able to have… Continue reading

President attends Easter service following slew of tweets

PALM BEACH, Fla. — President Donald Trump is using Easter morning to… Continue reading

Easter Sunday blasts kill at least 207 in Sri Lanka

COLOMBO, Sri Lanka — At least 207 people were killed and hundreds… Continue reading

Soldiers deploying to flood-prone areas as water levels rise in New Brunswick

FREDERICTON — About 120 Canadian soldiers will soon be deployed in western… Continue reading

Soldiers deploy across Quebec after flood-caused sinkhole claims woman’s life

MONTREAL — Canadian Armed Forces are deploying in three regions across Quebec,… Continue reading

Dozens hurt in collapse of deck during wedding celebration in Langley, B.C.

LANGLEY, B.C. — Police say dozens of people were injured, some critically,… Continue reading

No winning ticket for Friday night’s $25 million Lotto Max jackpot

TORONTO — No winning ticket was sold for the $25.5 million jackpot… Continue reading

Uber driver charged in two sexual assault investigations: Toronto police

Toronto police say an Uber driver is facing sexual assault charges in… Continue reading

Most Read