Canada Goose shares surge after luxury parka maker beats estimates on North American recovery

Canada Goose shares surge after luxury parka maker beats estimates on North American recovery

Canada Goose GOOS-T beat Wall Street estimates for fourth-quarter revenue and profit on Thursday, riding on a rebound in North America and steady demand in China for its pricey puffer jackets, sending its U.S.-listed shares up more than 24 per cent. Revenues jumped 24.5 per cent in North America, compared with a 14 per cent decline in the prior quarter. Wholesale revenues fell 9 per cent, after dropping 28 per cent in the previous quarter. Online traffic increased in January …