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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$694.50 mln
C$658.46 mln (7 Analysts)
Q3 Adjusted EPS
C$1.43
Q3 EPS
C$1.36
Q3 Adjusted Net Income
C$142.30 mln
Q3 Net Income
C$134.80 mln
Q3 Gross Margin
74.00%
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
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(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.)