Not knowing what ever-changing trade policies will do to the global economy means the luxury clothing company won’t estimate its results in the year to come, chief financial officer Neil Bowden said on an earnings call Wednesday. The company reported net income of $103.6 million in its last fiscal year, nearly double its profit in the previous year. (The Logic)
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Not knowing what ever-changing trade policies will do to the global economy means the luxury clothing company won’t estimate its results in the year to come, chief financial officer Neil Bowden said on an earnings call Wednesday. The company reported net income of $103.6 million in its last fiscal year, nearly double its profit in the previous year. (The Logic)
Talking point: About 75 per cent of Canada Goose’s products are made in Canada and are USMCA-compliant, meaning they’re currently exempt from U.S. tariffs, company executives said on the earnings call. But, said Bowden, “the indirect effect of these [trade] actions on the global economy and changing landscape create greater uncertainty for us,” and frequent changes in U.S. policy make it hard to project what will happen months from now. Canada Goose’s share price climbed more than 25 per cent at mid-day.
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