The following is a summary of the Canada Goose Holdings Inc. (GOOS) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Canada Goose reported a Q4 revenue growth of 22% and its adjusted EBIT increased by 51% year-over-year, surpassing expectations.

• The company delivered CAD 1.33 billion in total revenue for the fiscal year 2024, up 10% from the previous year, and CAD 171.8 million in adjusted EBIT.

• Q4 D2C operating income increased by CAD 14.4 million year over year to CAD 104.8 million.

• Their net debt stood at CAD 584.1 million at the end of Q4, compared to CAD 468.1 million at the same point last fiscal year.

• For FY '25, the company predicts revenues to grow in the low single digits year on year, while expecting a decrease in wholesale revenue as they reduce the supply of inventory to partners.

Business Progress:

• Throughout the year, the company expanded its global footprint to 68 permanent stores in key markets and added new product lines such as sneakers.

• The company appointed its first-ever creative director, Haider Ackermann, and launched a new hoodie with proceeds going to Polar Bears International for global climate change awareness.

• In 2025, the company plans to further focus on brand evolution, upscale retail execution, business simplification, and improving inventory management.

• Plans include opening 10 stores, streamlining company structure, improving inventory turns, and prioritizing data-driven retail execution.

• In terms of geographical segments, Asia and Asia Pacific are expected to be the strongest markets for Direct-to-Customer channels in FY '25. The company plans to control inventory in the wholesale channel to manage inventory-related issues.

More details: Canada Goose IR

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