The Case of the Surging Shares
Ah dear Watson the game is afoot! Shares of Canada Goose have taken flight much like the fabled bird itself soaring 16% after announcing their fiscal fourth quarter earnings and predicting sales growth for the mystical year of 2025.
The Game is Afoot
Earnings per share may have been 5 Canadian cents not quite the 7 cents expected by those London Stock Exchange Group folks but fear not revenue reached a staggering CA$358 million a 22% increase from the previous year. Elementary my dear investor!
A Study in Sales Growth
The genius behind the numbers Neil Bowden revealed the true gems of the latest sales figures. The crown jewel? Greater China led the charge with a 29.7% increase in sales followed closely by the Asia Pacific region at 29.1% and North America at 24.5%. The game is truly afoot across the globe!
The Lunar New Year Campaign Mystery
"The game is afoot Watson!" exclaimed Bowden attributing the sales boost to their cunning Lunar New Year marketing campaign. The mystery unfolds as online and in store sales were bolstered by this strategic move proving once again that timing is everything.
The Adventure Continues
As we look to the future Canada Goose anticipates mid single digit revenue growth and low single digit comparable store sales growth. The luxury business landscape is ever changing Watson but our friends at Canada Goose seem poised for success.
The Reichenbach Falls of March Layoffs
In a twist worthy of Moriarty himself Canada Goose previously announced layoffs to the tune of 17% of their workforce in March. However these sacrifices led to productivity improvements and cost savings that would make even Mycroft Holmes proud.
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