Canada Goose surpassed Wall Street expectations for fourth-quarter revenue and profit, driven by a rebound in North America and steady demand in China for its high-end puffer jackets. This success led to a 24% increase in its U.S.-listed shares. Revenue in North America surged by 24.5%, contrasting a 14% decline in the previous quarter, while wholesale revenue dropped by 9%. Increased online traffic in January, due to more seasonal weather, contributed to these results. Despite a challenging luxury market, Canada Goose's sales in Greater China rose by 30%. The company projects modest revenue growth for fiscal 2025, and it has withdrawn its long-term growth targets.
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