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CANADA GOOSE (GOOS) Stocks

ABOUT CANADA GOOSE

πŸ“Š Canada Goose Holdings Inc. is a Canadian public holding company. Through its subsidiaries the company designs, manufactures and distributes winter clothing. It retails outerwear for women, men and children and serves customers across the globe.

πŸ“Š Its products include jackets, vests, parkas, gloves, hats and other apparel.

πŸ“Š These products can be bought wholesale or directly sold to the public through the company’s own retail stores. The company also sells its products online and has retail stores in Montreal, Calgary, Chicago, Vancouver, New York, London, Boston and Tokyo.

πŸ“Š Canada Goose Holdings, Inc.’s history dates back to 1957 when it was founded.

πŸ“Š Its headquarters is in York, Toronto, Canada and today it employs approximately 1 000 employees.

HISTORY OF CANADA GOOSE

  • Metro Sportswear is founded in 1957. It makes raincoats, woollen vests, snowmobile suits and other outerwear.
  • In the 1970’s the company starts producing down-filled jackets and heavy duty parkas. The company’s main clients are city police departments, the Canadian Rangers, municipal workers, the Ontario Provincial Police, the Ministry of Correctional Services and the Ministry of Environment.
  • By the early 1980s the company has 50 employees. Metro Sportswear starts producing clothing under its own brand, Snow Goose, in 1985. The company starts selling its products in Europe in the early 1990s but as the Snow Goose name is already in use in Europe, it sells its European products under the brand name Canada Goose.
  • By 2001 Canada Goose generates approximately $3 million in annual revenue. This is achieved mostly by licensing its designs to other companies. The business expands through the 1990s and revenue is around $ 17.5 million by 2008. This amount reflects the increase of its Canada Goose product sales in Scandinavia where it started selling its products in 1998.
  • In 2010 the company opens an office in Stockholm, Sweden. Canada Goose buys a new plant in Winnipeg, Manitoba, Canada in 2011. Bain Capital, the Boston based private equity firm, buys a 70% stake in Canada Goose in 2013. The value of this transaction is $ 250 million and it includes a deal to keep manufacturing in Canada. Canada Goose buys a factory in York, Toronto, previously owned by ACCO Brands’ Hilroy stationery.
  • In 2014 the company opens an office and a showroom in New York City. It buys a second manufacturing facility in Scarborough in 2015. At this point Canada Goose’s revenue is a reported $ 200 million – which include warm weather countries like the Middle East and India. In 2016 the company starts preparing for an IPO and reports that it generated $ 291 million in revenue, $ 27 million in profit and had $ 278 million in debt in 2016. .
  • In March 2017 Canada Goose starts trading on both the Toronto Stock Exchange and the New York Stock Exchange.

VISION & VALUES OF CANADA GOOSE

  • Canada Goose Holdings, Inc. believes its employees should love what they do as it shapes them into who they are. The company must continue to be creative, bold and seek new frontiers without any excuses. Canada Goose Holdings, Inc. has Canada Goose Resource Centres in the Canadian Arctic where leftover fabric, buttons, lining, zippers and other items are donated to for various communities to put to good use.
  • The company is also in partnership with Polar Bears International and funding from every sale goes to PBI to support the conservation of these bears.

MARKET PERFORMANCE OF CANADA GOOSE

  • Canada Goose Holdings, Inc. trades on the New York Stock Exchange under the NYSE stock symbol β€œGOOS”.
  • In August 2019 the company reports its results for First Quarter Fiscal Year 2020 (in millions of Canadian dollars), as total revenue increased by 59.1% to $ 71.1m, adjusted EBIT is $ 25.9 m. Net loss is $ 29.4 m, or $ 0.27 per basic and diluted share. Adjusted net loss is $ 22.8 m, or $ 0.21 per basic and diluted share.
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