Canada Goose jumps after Q1 results beat estimates on Chinese demand recovery

Canada Goose Holdings

16/05/2024 12:40

** U.S.-listed shares of luxury parka maker Canada Goose
 GOOS.TO   GOOS.N  climb 11.8% to $12.77 premarket 
    ** Co posts Q4 revenue of C$358 mln ($262.71 mln), beating
analysts' average estimate of C$315.5 mln - LSEG data 
    ** Q4 adj. EPS of 19 Canadian cents also above estimates of
7 Canadian cents
    ** Results backed by a strong recovery in demand for its
pricey puffer jackets in China
    ** Two brokerages maintain "buy" or higher rating on stock,
seven rate it "hold" and two rate it "sell"; median PT at $15.50
- LSEG data 
    ** Co's U.S.-listed stock has fallen 3.6% so far this year

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))