Canada Goose boasts revenue gains, profit in Q3 earnings

Winter clothing brand Canada Goose (GOOS) reported third-quarter revenue gains and upbeat guidance tied to record Black Friday shopping traffic. Yahoo Finance Live breaks down Canada Goose's sales figures across regional markets.

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Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

SEANA SMITH: All right. Let's take a look at Canada Goose flying high after seeing revenue climb 6%. And direct-to-consumer sales jumping 14% from a year ago. Now, the luxury retailer also posting upbeat guidance for the full year. They saw record customer traffic over the Black Friday shopping weekend. So, certainly, strong holiday report here from the company.

They did see an uptick in terms of traffic. They're also seeing the recovery in the Asia-Pacific region, which is critical here for Canada Goose. And also, in the Americas, where we know they have been boosting the number of stores. So that initiative really paying off at least for now. But you've got to keep a close eye on this name. Because when you talk about any pressure that we could see on the consumer, a name like Canada Goose could feel the results of that.

BRAD SMITH: I was in Montreal to start the year. And I got to go to my first Canada Goose store in Canada. They had a freeze chamber--

SEANA SMITH: Are they fancier than the ones here?

BRAD SMITH: --in there. It was fancier. They had like a whole frozen chamber that you could go in. I posted the video to my Twitter or X.

SEANA SMITH: How effective was the jacket?

BRAD SMITH: Very jacket-- I mean, very effective. And I'm glad to know that it was because it was the one that I owned.

SEANA SMITH: Good marketing technique.

BRAD SMITH: Oh, my goodness. It was good. But you point out Asia-Pacific. Extremely important here because that actually offset the declines that we had seen. Revenue were down-- was down in EMEA and North America, as well. In Europe, Middle East, Africa, it was down 26%. 14% lower in North America. A year-over-year decline in e-commerce and wholesale revenue, they mentioned. But 62% higher in Asia-Pacific.

So it's about the lean in to We Should Pacific that we could continue to see from this company and across a different range of product types as well.

SEANA SMITH: They're still really expensive, though.

BRAD SMITH: Well, actually, yes. So the other thing that I was considering too is they have a new trade-in program that, I think, started this year too. And so with that, I've been poking around on that part of the website as well.

SEANA SMITH: It makes it cheaper.

BRAD SMITH: Yes.

SEANA SMITH: You can trade in the one that you have for a new one. Is that how it works?

BRAD SMITH: Right. You can trade in yours. They'll evaluate it. And then give you a discount or just a voucher to use towards a new one.

SEANA SMITH: I don't know. If I'm paying $1,000 for a jacket, I'm holding on to that thing for life.

BRAD SMITH: Oh, yeah.

SEANA SMITH: It better. It better hold up.

BRAD SMITH: It's getting passed down to everybody in the family.