Shares in extreme weather clothing group Canada Goose Holdings (TSE:GOOS) were strongly on the up as revenues rose unexpectedly in its latest quarter.
Revenue rose 21.9% to C$51.1mln in the three months to March, while net losses were C$23.4mln. Both were ahead of market forecasts.
For the full year, Canada Goode posted net earnings of C$21.6mln on sales of C$404mln (C$291mln).
Dan Reiss, chief executive, said the strong end to the year reflected an exceptional direct-to-consumer performance, which underlined the power of the Canada Goose and demand for its products globally.
In 2017, Canada Goose added it expected mid-high teen growth in revenues and 20% underlying earnings growth.
Shares rose 10% to C$27.63.