Shares of Canada Goose tumbled more than 27 per cent on Wednesday after the luxury retailer's fiscal fourth quarter earnings, and sales outlook sparked concerns over whether its explosive growth could be winding down. Betting on global expansionBut despite concerns sales are slowing as the brand matures, Boucher still thinks Canada Goose's growth potential on global expansion remains intact. Canada Goose entered the world's biggest luxury market — China — in the past year as its annual revenue outside of North America jumped more than 60 per cent. The rest of the world is also catching up to Canada when it comes to sales. "We entered the year with a very ambitious agenda of global growth, and we have surpassed it with flying colours," said Dani Reiss, Canada Goose president and CEO, in the earnings release.

Source: CBC News May 29, 2019 17:03 UTC