Canada Goose shares spike on better-than-expected profit, raised growth outlook for full year

TORONTO — Canada Goose Holdings Inc. hopes to use its acquisition of footwear company Baffin Inc. to explore the potential for Canada Goose footwear.

Chief executive Dani Reiss said Wednesday that purchasing Hamilton, Ont.-based Baffin for $32.5 million was “a dream acquisition,” but acknowledged that getting into footwear will come with challenges.

“It is a distinct business to apparel and it is difficult to cross over. Many others have chosen the faster and easier path of...

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