Canada Goose leaps on Q4 results beat driven by North America, China demand

Canada Goose Holdings

16/05/2024 15:08

(Updates)
    ** U.S.-listed shares of luxury parka maker Canada Goose
 GOOS.TO   GOOS.N  jump nearly 24% to $14.12 in early trade
    ** 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
    ** North America revenues up 24.5% vs 14% drop in Q3, while
sales rose about 30% in China y-o-y
    ** Stock set for biggest intraday pct. gain since Nov. 2021
    ** Co's U.S.-listed stock has fallen 3.6% so far this year

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