CBJ — Canada Goose Holdings posted a net loss of $18.7 million in its first quarter as it looked to expand further into untapped international markets.
The Toronto-based company, whose core business is luxury winter jackets, attributes the losses primarily due to expansion in Beijing and Hong Kong and a regional office coming in Shanghai in the fall.
Revenue in the quarter hit $44.7 million, up from the $28.2 million it recorded in the quarter the year before, proving that domestic sales are still incredibly robust.
Shared from The Canadian Business Journal
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