Q2 2025 Canada Goose Holdings Inc Earnings Call Transcript
Key Points
- Canada Goose Holdings Inc (GOOS) has made significant progress in simplifying operations and advancing retail execution, positioning well for the peak selling season.
- The company has launched a new collection that reflects both its heritage and future direction, aiming to drive brand momentum.
- The Spring Summer 24 collection was positively received, indicating a significant market opportunity for a full-year assortment.
- The company has expanded its product categories, including plans to launch an eyewear collection in partnership with Marshawn Eyewear in Spring 2025.
- Canada Goose Holdings Inc (GOOS) has successfully reduced inventory levels, marking the fourth consecutive quarter of decreasing year-over-year inventory balance.
- DTC comparable sales revenue declined by 13% year-over-year, with performance in Asia Pacific and North America weighing on overall results.
- Store traffic and conversion rates declined year-over-year, and e-commerce saw increased sessions but lower conversion rates.
- The company experienced a 5% year-over-year decline in Q2 revenue, attributed to a decrease in DTC and planned lower wholesale revenue.
- Gross profit decreased by 9% year-over-year, with gross margin declining by 260 basis points due to a higher proportion of non-heavyweight down revenue.
- The company has introduced a lower range to its full-year fiscal 2025 guidance, reflecting weakening consumer sentiment and first-half performance.
Under the label.
This is the brand name we operated under before we became Kennedy.
With this capsule haer reached deep into our archives. The source of inspiration to innovate in both our core and newer product categories.
This new collection represents where we've come from and where we go and we'll fill alongside can use of mainland Pra's vision and respect for where we've been makes this new collection a perfect expression of our future.
In regards to our 2nd and 3rd operating imperatives, we have taken measured steps to simplify the way we work and advance our retail execution as a result. We are well positioned for our peak selling season and having a product where it needs to be throughout our retail network through readying our stores to greet guests as they arrive and offer them elevated shopping experiences.
You will hear more about these and other initiatives during today's call when we spoke to you first about our three operating imperatives. At the beginning
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