Canada Goose(GOOS)

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Canada Goose(GOOS) - 2022 Q4 - Annual Report
2022-05-18 16:00
Canada Goose Reports Results for Fourth Quarter Fiscal 2022 and Fiscal 2023 Outlook Fourth Quarter Fiscal 2022 Highlights (in Canadian dollars): TORONTO, ON (May 19, 2022) - Canada Goose Holdings Inc. ("Canada Goose" or the "Company") (NYSE:GOOS, TSX:GOOS) today announced financial results for the fourth quarter ended April 3, 2022. "We closed fiscal 2022 with record sales for the year and confidence in our ability to accelerate earnings growth in Fiscal 2023 and beyond," said Dani Reiss, Chief Executive Of ...
Canada Goose(GOOS) - 2022 Q4 - Annual Report
2022-05-18 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 3, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Canada Goose(GOOS) - 2022 Q3 - Earnings Call Transcript
2022-02-10 18:59
Financial Data and Key Metrics Changes - Total revenue increased by 26.5% to $586 million, excluding temporary PPE sales from last year [21][30] - Adjusted EBIT margin expanded by 200 basis points to 35.3% and adjusted EPS increased by 42% to $1.42 per share [9][30] - Total SG&A was $184 million, up 27% from last year [30] Business Line Data and Key Metrics Changes - Direct-to-Consumer (DTC) revenue increased by 49% to $445 million, driven by higher revenue from existing stores, eCommerce growth, and retail expansion [22] - Wholesale revenue decreased by 15% to $137 million, attributed to a normalization of timing with shipments [23] - Non-parka revenue grew by 75%, with strong performance in vests, lightweight jackets, and footwear [24] Market Data and Key Metrics Changes - DTC revenue in Mainland China increased by 35%, although store traffic slowed in December due to COVID restrictions [25] - Revenue in EMEA increased by 16%, impacted by the absence of international traffic [26] - North America saw revenue growth of 32% in Canada and 26% in the United States, with established retail stores performing near pre-pandemic levels [27][28] Company Strategy and Development Direction - The company aims to build an enduring global lifestyle brand and expand year-round roles, with a focus on innovative collaborations and product offerings [13][15] - The launch of the HUMANATURE collection emphasizes the company's commitment to sustainability and environmentally responsible materials [16] - The company is confident in its inventory position and ability to navigate inflationary pressures going into fiscal 2023 [11] Management's Comments on Operating Environment and Future Outlook - Management views recent disruptions as temporary and remains optimistic about long-term growth potential [9][34] - The company expects to achieve strong growth and margin expansion even without a full retail recovery globally [34][55] - Management is confident in the brand's momentum and lifestyle relevance, supported by a unique supply chain [10][34] Other Important Information - The company has launched its first-ever footwear collection, which has generated strong consumer interest [14] - The company is expanding its eCommerce capabilities globally, with a successful launch in North America [12] Q&A Session Summary Question: Thoughts on store traffic regionally and marketing spend - Management noted that store traffic in North America remains strong, while Asia and EMEA are experiencing lower traffic due to COVID [38] - Marketing spend is maintained at a constant percentage of revenue, with no expected changes [38] Question: Clarification on margin outlook - The decrease in margin outlook is primarily due to sales deleverage from lower traffic, with expectations for recovery as traffic normalizes [43][45] Question: Details on Asia and China performance - Management confirmed that the primary issue in China is COVID-related restrictions, but online sales have shown strong growth [60][61] Question: Brand equity and competitive positioning - The company sees strong brand equity across all markets, particularly among younger consumers, driven by collaborations [71] Question: Store sales productivity and growth expectations - New store cohorts are performing well, and the company expects to continue opening stores at a rate of around 10% annually [75] Question: Thoughts on share price volatility and buyback strategy - Management emphasized a long-term focus on building a strong business, with share buybacks considered when share prices are attractive [82][83]
Canada Goose(GOOS) - 2022 Q2 - Earnings Call Transcript
2021-11-05 17:13
Canada Goose Holdings, Inc. (NYSE:GOOS) Q2 2022 Results Conference Call November 5, 2021 9:00 AM ET Â Company Participants Patrick Bourke - VP, IR Dani Reiss - President and CEO Jonathan Sinclair - EVP and CFO Conference Call Participants Ike Boruchow - Wells Fargo Jonathan Komp - Baird Michael Binetti - Credit Suisse Oliver Chen - Cowen Adrienne Yih - Barclays Omar Saad - Evercore ISI Jay Sole - UBS Sam Poser - Williams Trading Robbie Ohmes - Bank of America Meaghen Annett - TD Securities Camilo Lyon - BTI ...
Canada Goose(GOOS) - 2022 Q1 - Earnings Call Transcript
2021-08-11 15:40
Canada Goose Holdings Inc. (NYSE:GOOS) Q1 2022 Earnings Conference Call August 11, 2021 9:00 AM ET Company Participants Dani Reiss - President, Chief Executive Officer Jonathan Sinclair - Executive Vice President, Chief Financial Officer Patrick Bourke - Senior Director, Investor Relations Conference Call Participants Oliver Chen - Cowen Jonathan Komp - Baird Omar Saad - Evercore ISI Michael Binetti - Credit Suisse Ike Boruchow - Wells Fargo Megan Annette - TD Securities Sam Poser - Williams Trading Jay Sol ...
Canada Goose(GOOS) - 2021 Q4 - Earnings Call Transcript
2021-05-13 19:13
Canada Goose Holdings Inc. (NYSE:GOOS) Q4 2021 Earnings Conference Call May 13, 2021 9:00 AM ET Company Participants Patrick Bourke - VP, IR Dani Reiss - President and CEO Jonathan Sinclair - EVP and CFO Conference Call Participants Ike Boruchow - Wells Fargo Jonathan Komp - Baird Michael Binetti - Credit Suisse Oliver Chen - Cowen Megan Annette - TD Securities Omar Saad - Evercore Sam Poser - Williams Trading Camilo Lyon - BTIG Jay Sole - UBS Robby Ohmes - Bank of America Adrienne Yih - Barclays Mark Petri ...
Canada Goose(GOOS) - 2021 Q4 - Annual Report
2021-05-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 28, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...
Canada Goose(GOOS) - 2021 Q4 - Annual Report
2021-05-12 16:00
Fourth Quarter Fiscal 2021 Highlights (in Canadian dollars): Canada Goose Reports Fourth Quarter Fiscal 2021 Results TORONTO, ON (May 13, 2021) - Canada Goose Holdings Inc. ("Canada Goose" or the "Company") (NYSE:GOOS, TSX:GOOS) today announced financial results for the fourth quarter ended March 28, 2021. "Canada Goose has shifted from recovery to growth beyond pre-pandemic levels," said Dani Reiss, President & CEO. "We achieved our largest ever fourth quarter by revenue. With triple digit e-Commerce growt ...
Canada Goose(GOOS) - 2021 Q3 - Earnings Call Transcript
2021-02-04 18:15
Canada Goose Holdings Inc. (NYSE:GOOS) Q3 2021 Earnings Conference Call February 4, 2021 9:00 AM ET Company Participants Patrick Bourke - VP, IR Dani Reiss - President and CEO Jonathan Sinclair - EVP and CFO Conference Call Participants Omar Saad - Evercore Kate Fitzsimons - RBC Capital Markets Ike Boruchow - Wells Fargo Megan Annette - TD Securities Oliver Chen - Cohen Mark Petrie - CIBC Adrienne Yih - Barclays Brian McNamara - Berenberg Capital Robby Ohmes - Bank of America Securities Operator Good mornin ...
Canada Goose(GOOS) - 2021 Q2 - Earnings Call Transcript
2020-11-05 19:50
Canada Goose Holdings Inc. (NYSE:GOOS) Q2 2021 Earnings Conference Call November 5, 2020 9:00 AM ET Company Participants Patrick Bourke - Vice President, Investor Relations Dani Reiss - President and Chief Executive Officer Jonathan Sinclair - Executive Vice President and Chief Financial Officer Conference Call Participants Oliver Chen - Cowen Adrienne Yih - Barclays Kate Fitzsimons - RBC Capital Markets Ike Boruchow - Wells Fargo Erwan Rambourg - HSBC Omar Saad - Evercore ISI Camilo Lyon - BTIG Sam Poser - ...