Canada Goose plans to expand production capacity
Canada Goose, a luxury down garment manufacturer, announced plans to expand its production to stimulate profit growth. Danny Reis, President of the company, revealed that there is a plan to increase the proportion of self coats from 1/3 to more than 50% in the next few years. Dani Reiss “It’s a good time to expand internal capacity and create more profits, which is very important for both companies and investors,” Reis said to the Reuters Canada office.
The Canada Goose is a high-end Canadian outdoors garment company, which integrates design, production and sales. It mainly produces and sells all kinds of male and female jackets, Parker overcoats, vest, hat, gloves and so on. At present, there are retail and wholesale outlets in more than 40 countries.
Since the 2015 IPO, the share price of NYSE: GOOS and TSE: GOOS has increased by 62%, exceeding the average growth level of the industry. With good quality and comfortable avant-garde design, sales of Canadian geese are soaring. According to the annual earnings report, the sales volume of the brand increased from 191 million in 2013 to 307 million in 2016, with an average annual growth rate of 17%.