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 …