Canada's Canada Goose Q1 revenue rises 10%, beats estimates
Canada's Canada Goose Q1 revenue rises 10%, beats estimates
Overview
Canada outerwear maker's fiscal Q1 revenue rose 10%, beating analyst expectations
Adjusted net loss narrowed from prior year as gross margin improved
Revenue growth driven by Asia Pacific, North America and larger wholesale order book
Outlook
Canada Goose expects fiscal 2027 revenue to grow by approximately low-single digits
Company sees fiscal 2027 adjusted EBIT margin in the range of 11% to 12%
Company anticipates lower consumer demand, softer traffic and reduced confidence in key markets
Result Drivers
WHOLESALE GROWTH - Co said wholesale revenue rose 66.5%, driven by a larger planned wholesale order book, stronger in-season orders, and shipment timing
E-COMMERCE STRENGTH - Double-digit e-commerce growth across all regions partially offset a 3.2% decline in DTC comparable sales
GROSS MARGIN EXPANSION - Gross margin rose to 62.4% from 61.4% due to favorable channel and region mix
Company press release: ID:nBw9NVsbsa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | C$118.90 mln | C$108.76 mln (8 Analysts) |
Q1 Adjusted Loss Per Share |
| C$0.89 |
|
Q1 Loss Per Share |
| C$0.93 |
|
Q1 Adjusted Net Loss |
| C$86.50 mln |
|
Q1 Gross Margin |
| 62.40% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for Canada Goose Holdings Inc is C$16.00, about 23.2% above its July 29 closing price of C$12.99
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
July 28 - Kering's H1 revenue edges past estimates on Gucci improvement, North America demand
July 30 - Adidas Q2 revenue rises 14% on DTC and e-commerce growth
July 29 - VF Corp beats Q1 revenue estimates, raises FY27 outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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