Lifestyle brand Canada Goose has logged revenue of US$203.5 million for the second quarter of FY24, up 1 per cent year over year.

The company’s DTC revenue grew 15 per cent to US$79.2 million, while wholesale revenue dropped 10 per cent.

By region, revenue was up 13 per cent in Asia Pacific, up 6 per cent in EMEA, and down 7 per cent in North America.

Gross profit grew 8 per cent to US$130 million, while adjusted net income was US$11.7 million compared with US$14.6 million in the same period of last year.

“We delivered solid second-quarter results, with earnings exceeding our expectations and gross margin expansion despite operating in a challenging retail environment,” said Dani Reiss, chairman and CEO of Canada Goose.

“While we are operating in an uncertain macro landscape, we are confident in the power of our brand, the quality of our products, and the ongoing execution of our strategy has us poised to create long-term value for our stakeholders.”

The company has lowered its previous full-year outlook as the increasingly challenging global macroeconomic and geopolitical environments impact consumer decision-making and prioritization of spend. 

Total revenue is expected to be between US$869 million and US$1 billion for the full year.