Canada Goose reports a fourth-quarter profit of $5 million and a 22% year-over-year increase in sales
Canada Goose Holdings Inc. (TSX:GOOS) reported a fourth-quarter profit, compared with a loss a yr earlier, as revenue rose 22%. The luxury parka maker said it had net income attributable to shareholders of $5.0 million, or $0.05 per diluted share, within the quarter ended March 31, compared with a lack of $3.1 million US dollars or US$0.03 per diluted share within the previous yr. Total revenue was $358.0 million, a rise from $293.2 million within the year-ago quarter.
On an adjusted basis, Canada Goose reported earnings of $0.19 per diluted share in its most up-to-date quarter, in comparison with adjusted earnings of $0.13 per diluted share a yr ago. Looking ahead to fiscal yr 2025, Canada Goose expects total revenue to grow within the low single digits year-over-year. It also said full-year adjusted net income per diluted share is anticipated to extend by a mid-teens percentage yr over yr.
Lightspeed Reports Fourth Quarter Revenue Increases 25%
Three months after Dax Dasilva temporarily returned to the helm of Lightspeed Commerce Inc., the corporate said he’ll remain there. The Montreal-based payments technology company said Thursday that Dasilva, the founding father of Lightspeed, has been named CEO on a everlasting basis and the word “interim” has been faraway from his title.
Dasilva stepped down as interim CEO in February after JP Chauvet left the corporate. Chauvet joined Lightspeed as chief revenue officer in October 2012 and replaced Dasilva in the highest role in February 2022, when the founder took over as chief executive officer.
“We are in a new phase,” Dasilva told analysts on a conference call to debate the corporate’s latest results. “This is Lightspeed’s profitable growth phase, so I’m excited to take the lead.”
This latest phase has three objectives, he said:
- Accelerating software revenue growth,
- Drive adoption of Lightspeed’s financial services products
- and price control.
To increase software revenue growth, Dasilva said the corporate will spend money on product innovation, redeploy account managers to upsell customers and deal with customers who’re susceptible to adopting more software.
In financial services, the corporate goals to draw more customers by leveraging not only its payment technology but additionally its capital and fast deposit offerings. Dasilva’s end goal is to regulate costs and achieve further savings.
