Shares of Canada Goose Holdings Inc. soared more than&nbsp;30 per cent on Friday&nbsp;after it reported stronger-than-expected earnings and announced plans for three new stores in North America.

Canada Goose shares closed&nbsp;up $18.02&nbsp;to&nbsp;$78.01&nbsp;on the Toronto Stock Exchange.

The increase came as the luxury parka maker reported a fourth-quarter profit of $8.1 million or seven cents per diluted share compared with a loss of $23.4 million or 23 cents per diluted share a year ago.

In search of higher margins, Canada Goose to make more of its own luxury coats

Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands.

Patches with the Canada Goose logo are stacked in the Canada Goose factory in Toronto, Ontario, Canada, February 23, 2018.  

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Dani Reiss, president and CEO of Canada Goose, poses for a portrait at the Canada Goose factory in Toronto on February 23, 2018. 

Canada Goose sees half of profits in long term from own stores, e-commerce

Luxury apparel maker Canada Goose Holdings expects its fledgling direct-to-consumer business to contribute about half its profits in the long term, from about 14 per cent in the three months through September, chief executive officer Dani Reiss said on Thursday

Sears is hitting back at Canada Goose over a trademark infringement lawsuit, accusing the parka maker of bullying.

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Revenue for the quarter ended March 31 totalled $124.8 million, up from $51.1 million in the same quarter a year earlier.

On an adjusted basis, Canada Goose said it earned $9.9 million or nine cents per diluted share.

Economists on average had expected a loss of eight cents per share for the quarter, according to Thomson Reuters Eikon.

Parka maker Canada Goose says it plans to add three new retail outlets, including stores in Montreal and Vancouver, ahead of the 2018 holiday shopping season.

Canada Goose shares up after better-than-expects results, plans three new stores

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