: Canada Goose targets C$3 billion in revenue in five years, to expand categories and geographic reach


Canada Goose Holdings Inc. GOOS, -1.87% said Tuesday it’s aiming to grow revenue to C$3 billion ($2.23 billion) in the next five years as it expands its categories and geographic reach. In a statement released ahead of an investor day, the maker of luxury winter clothing said its aiming for an EBIT margin, or earnings before interest and taxes, of 30%. The company is planning to more than double its retail outlets from the 51 permanent stores counted at the end of its fiscal third quarter, while also growing its online presence. The company plans to create new categories and expand existing ones, including heavyweight and lightweight down, along with rainwear, apparel and footwear. Over time it plans to expand into eyewear, luggage and home. The stock popped 2.3% premarket but is down 34% in the last 12 months, while the S&P 500 SPX, -0.61% has fallen 8%.

This article was originally published by Marketwatch.com. Read the original article here.

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