Led by the direct-to-consumer channel, Canada Goose's revenues soared by 58.5 percent to 44.7 million Canadian dollars (€29.9m-$34.0m) for its fiscal first quarter ended June 30. The management mentioned “exceptional” levels of performance in its own stores for this off-peak period of the year.

The wholesale revenues of the Canadian maker of performance luxury apparel increased by 8.0 percent to C$21.5 million (€14.4m-$16.4m), driven by higher order volumes from existing retail partners. The gross margin in this segment jumped by a whopping 15.5 percent to 50.7 percent, which the company attributed to a different wholesale mix in the quarter as compared to the same quarter last year. Favorable foreign exchange fluctuations between the purchase of raw materials and the sale of the products also contributed to lower unit costs, and inventories were reduced.

Direct-to-consumer (DTC) revenues soared to C$23.2 million (€15.5m-$17.6m), up from C$8.3 million for the same quarter last year. The increase was driven by the strong performance of existing and new retail stores, with significant contributions from well-established locations. E-commerce also had a positive impact on the quarter. The DTC gross margin improved by 1.6 percentage points to 76.3 percent, driven by a better product mix, partially offset by unfavorable foreign exchange fluctuations.

Overall, the company's gross margin grew to 64.0 percent from 46.8 percent in the same quarter a year ago, thanks to a greater proportion of DTC revenues and, to a lesser degree, an expanded gross margin at wholesale.

The company posted an operating loss of C$19.9 million (€13.3m-$15.1m), compared with a loss of C$14.8 million for the year-ago quarter. The management attributed the higher operating loss to higher unallocated corporate expenses in a seasonally small quarter, partially offset by larger operating income contributions from both channels. Canada Goose posted a net loss of C$18.7 million (€12.5m-$14.2m) for the period, compared to a net loss of C$12.1 million for the same quarter last year.

For the full fiscal year, the group expects its revenues to grow by at least 20 percent, with growth at wholesale in the mid-single-digits on a percentage basis. The company also forecasts annual growth of at least 25 percent in adjusted net income per diluted share.