Canada Goose Reports Second Quarter Fiscal 2024 Results
Retrieved on:
Thursday, November 2, 2023
Retail, Luxury, Fashion, Gossypium, National Transformation Program 2020 (Saudi Arabia), Waistcoat, System, Tax, Pressure, Polo neck, Clothing, Concept, Frankfurt Airport, EBIT, Environment, Garnet, Growth, Travel, Risk, OVO, Hong Kong Fashion Week for Fall/Winter, Partnership, Bank statement, BAPE, Lumina, Woman, DTC, Collection, Pharmaceutical industry, Tourism, Wool, Telescopic sight, Security (finance)
Inventory was $519.7m for the second quarter ended October 1, 2023, up 2% from the second quarter ended October 2, 2022, with decelerating year-over-year growth compared to the first quarter of fiscal 2024.
Key Points:
- Inventory was $519.7m for the second quarter ended October 1, 2023, up 2% from the second quarter ended October 2, 2022, with decelerating year-over-year growth compared to the first quarter of fiscal 2024.
- During the second quarter of fiscal 2024, the Company repurchased 1,364,542 subordinate voting shares for a total cash consideration of $29.9m, ending the quarter with a cash balance of $37.5m, compared with $97.1m at first quarter ended October 2, 2022.
- Non-Heavyweight Down category grew year-over-year in the second quarter of fiscal 2024, expanding its share of revenue within the overall mix.
- As a result, we saw early momentum gathered in our second quarter of fiscal 2024 begin to slow noticeably in September.