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Global luxury brands see financial gains in FY24

02 Jun '24
4 min read
Global luxury brands see financial gains in FY24
Global luxury brands see financial gains in FY24

Insights

  • In FY24, 2 luxury fashion companies reported positive financial results.
  • Canada Goose saw a *** per cent increase in Q4 revenue to $***.** million and a full-year revenue increase of * per cent, though its operating profit declined.
  • Ralph Lauren Corporation achieved a * per cent revenue increase to $*.*** billion, with net income rising to $*** million.

Canada Goose Holdings Inc (NYSE, TSX: GOOS)

Luxury performance brand of outerwear, apparel, footwear and accessories, Canada Goose, listed on NYSE and TSX, ended its fourth quarter and FY** on March **, ****. Reporting its financial results in May, the Canadian company announced a ** per cent increase in total revenue to CA$*** million (~$***.** million), as well as a gross profit of CA$*** million (~$** million) in the fourth quarter (Q*). The operating margin increased from CA$**.* million in Q* FY** to CA$**.* million.

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