Despite inflation and global supply chain issues, luxury brand Canada Goose has been surpassing revenue targets.
The company’s Toronto-listed shares rose by about 3%, as its second-quarter revenue forecast came in above estimates.
Their revenue rose by 24% to $69.9 million ins the first quarter, beating expectations of $62.6 million.
According to Reuters, the demand for the brand’s luxury cold-weather outerwear has been mostly driven up by higher-income consumers finally being able to travel after the past two years of restrictions due to COVID.
Canada Goose also says their Asia-Pacific revenue was down by 6.3% due to the country still going through lockdowns.
What’s also interesting is that their sales in Europe haven’t been negatively affected, despite the continent currently seeing record-high temperatures.
