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GOOS Canada Goose Holdings News Story

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Canada's Canada Goose Q3 revenue up 14%, beats estimates

Overview

Canada outerwear maker's Q3 revenue grew 14%, beating analyst expectations

Adjusted EPS for Q3 was C$1.43

Company opened four new stores, expanding global retail presence

Outlook

Canada Goose aims to expand margins through SG&A discipline and marketing efficiency

Result Drivers

DTC GROWTH - Direct-to-consumer revenue rose 14.1%, driven by retail and e-commerce performance in Asia Pacific and North America

NEW STORE OPENINGS - Co opened four new stores, enhancing its retail presence and contributing to revenue growth

PRODUCT EXPANSION - Expanded year-round assortment boosted customer engagement and sales in outerwear categories

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeatC$694.50 mlnC$658.46 mln (7 Analysts)
Q3 Adjusted EPSC$1.43
Q3 EPSC$1.36
Q3 Adjusted Net IncomeC$142.30 mln
Q3 Net IncomeC$134.80 mln
Q3 Gross Margin74.00%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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$22.00, about 21.5% above its February 4 closing price of C$18.10 The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago Press Release: ID:nBw4WvQkga 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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