.jpg)
7 hours ago
1
Article content
(Bloomberg) — Canada Goose Holdings Inc. said US tariffs have only made a minimal impact on the maker of high-end coats and winter gear, due to its Canada-based supply chain.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
The company, known for its $1,500 parkas, manufactures about 75% of its products in Canada and nearly all of those units comply with the standards of the US-Mexico-Canada trade agreement, thereby exempting those goods from US tariffs, executives said.
Article content
Article content
“Our made-in-Canada products, which represent the vast majority of our offering, are not currently impacted by the recently announced tariffs on imports into the United States,” Chief Executive Officer Dani Reiss told investors on a conference call.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Canada Goose posted sales and profit that surpassed Wall Street’s expectations in its most recent quarter, sending shares up as much as 29.6% on Wednesday in New York — the biggest intraday rise since February 2021.
Article content
Companies across the apparel industry have struggled to cope with US President Donald Trump’s trade war. Many brands are reliant on production hubs in Asia, such as China and Vietnam, that have been targeted by Trump’s tariffs.
Article content
A portion of Canada Goose’s goods are made in Europe, which is facing elevated tariff rates from the US, but executives said those levies would have a “minimal financial impact.”
Article content
Yet executives remain worried about trade squabbles hurting the global economy. The company declined to provide guidance for its current fiscal year, citing concerns about the “consumer environment” and the lack of visibility into potential future policy changes.
Article content
“There’s no doubt that the trade environment is choppy,” said Chief Financial Officer Neil Bowden. “The level of unpredictability there, at least in our view, is such that we’re not prepared to provide an outlook for the year.”
Article content
English (US)