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Why Is Winter Clothing Maker Canada Goose’s Stock Soaring Today?

Canada Goose Holdings Inc shares are rising after the company reported strong Q4 FY24 earnings. Sales grew 22% Y/Y to C$358 million, beating estimates. DTC revenue increased 19%, while gross profit rose 22% to C$233 million. Adjusted EPS of C$0.19 surpassed expectations. Inventory dropped 6% Y/Y, and the company opened three new stores, totaling 68 by fiscal year-end.

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