Why Canada Goose Holdings Inc. Shares Leaped 25% in November
Stock in premium outerwear retailer Canada Goose Holdings Inc. (NYSE: GOOS) gained 25.1% last month, according to data from S&P Global Market Intelligence .
Canada Goose stock surged 14% on Nov. 9, after the release of its fiscal second-quarter 2018 earnings. Revenue expanded nearly 35% to $172.3 million. While investors were happy with the brisk top-line growth, the composition of sales proved particularly exciting: Direct-to-consumer (DTC) sales almost quadrupled during the quarter to $20.3 million.
Canada Goose employs a diversified retail strategy to move its upscale inventory, which includes parkas approaching $1,000 price points. At present, most of its goods are sold wholesale through traditional department stores. Wholesale volume of $152.1 million in the third quarter represented roughly 88% of total revenue.
Source: Fool.com
