Canada Goose Soars on Outlook; CEO Says Supply Chain Is Healthy
Parka maker Canada Goose Holdings Inc. posted better-than-expected earnings for the quarter that ended Sept. 26 and raised projections for the full year. The shares jumped 12% during pre-market trading in New York.
Supply-chain bottlenecks that are slowing the global economy aren’t affecting Canada Goose, Chief Executive Officer Dani Reiss said in an interview. The company has “all the finished goods and all the raw materials that we need to satisfy all of demand for this year” and enough to make inventory for next year, he said.