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Here's Why Canada Goose (GOOS) Gained But Lagged the Market Today
ZACKS· 2024-09-12 22:51
Company Overview - Canada Goose (GOOS) closed at $10.35, with a slight increase of +0.49% from the previous trading session, underperforming compared to the S&P 500's gain of 0.75% [1] - Over the past month, Canada Goose shares have decreased by 0.29%, lagging behind the Retail-Wholesale sector's gain of 7.86% and the S&P 500's gain of 4.03% [1] Upcoming Earnings - The upcoming earnings release is highly anticipated, with projected EPS at -$0.06, indicating a significant 150% decline compared to the same quarter last year [2] - Quarterly revenue is expected to be $188 million, down 10.28% from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $0.83 per share, reflecting a +13.7% change, while revenue is projected at $971.12 million, showing a -1.54% change from the prior year [3] - Recent adjustments to analyst estimates are crucial as they often indicate changing business trends, with positive revisions suggesting a favorable outlook [3] Valuation Metrics - Canada Goose has a Forward P/E ratio of 12.36, which is lower than the industry average of 16.05, indicating it is trading at a discount [6] - The company has a PEG ratio of 0.57, significantly below the industry average of 1.79, suggesting better value relative to expected earnings growth [7] Industry Ranking - The Retail - Apparel and Shoes industry, which includes Canada Goose, holds a Zacks Industry Rank of 95, placing it in the top 38% of over 250 industries [7][8] - The Zacks Rank system, which evaluates stocks based on estimate changes, currently ranks Canada Goose at 3 (Hold), with no changes in the consensus EPS estimate over the past month [5]
Canada Goose Holdings Inc. (GOOS) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-08-22 14:05
Canada Goose (GOOS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this high-end coat maker have returned +2.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Retail - Apparel and Shoes industry, to which Canada Goose belongs, has gained 5.6% over this period. Now the key question is: Where could the stock be headed in the near term? ...
Canada Goose Holdings Inc. (GOOS) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-08 14:06
Canada Goose (GOOS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this high-end coat maker have returned -18.6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The Zacks Retail - Apparel and Shoes industry, to which Canada Goose belongs, has lost 7.9% over this period. Now the key question is: Where could the stock be headed in t ...
Canada Goose's Q1 Shows Challenging Trends, Stock Is Not An Opportunity Yet
Seeking Alpha· 2024-08-01 20:48
Oleg_Ermak/iStock via Getty Images This article reviews Canada Goose Holdings Inc.'s (NYSE:GOOS) 1Q25 (June 2024) results and earnings call. It also revisits my previous Hold rating, which I have maintained on the stock since March 2024. The results were not good and were not in line with expectations, as the company is facing increasing headwinds in retail and wholesale and is trying to restructure its strategy, as discussed in detail in the 4Q24 article. However, these results are not particularly meaning ...
Canada Goose(GOOS) - 2025 Q1 - Earnings Call Presentation
2024-08-01 18:15
Financial Performance - Total revenue increased by 4% year-over-year to $88.1 million (+3% in constant currency)[6, 11] - DTC revenue increased by 13% year-over-year to $63.1 million (+12% in constant currency)[7, 8] - Wholesale revenue decreased by 41% year-over-year to $16.0 million (down 42% in constant currency) due to planned tightening of supply[7, 8] - Gross margin decreased by 540 basis points to 59.7% in Q1FY25, impacted by the European manufacturing facility, channel mix, and product mix[11] - Net loss attributed to shareholders was $77.4 million[11] Geographic Performance - Asia Pacific revenue increased by 26% year-over-year to $30.8 million (+25% in constant currency), driven by strong growth in Mainland China and Japan[9, 10] - North America revenue decreased by 3% year-over-year to $40.4 million (down 3% in constant currency), with the United States growing by 2% and Canada down 7%[9, 10] - EMEA revenue decreased by 10% year-over-year to $16.9 million (down 11% in constant currency) due to a decline in wholesale revenue[9, 10] Balance Sheet - Inventory decreased by 7% year-over-year to $484.3 million[13, 19] - Net debt was $(765.9) million[13] FY25 Financial Outlook (maintained from May 16, 2024) - Revenue is expected to increase by low-single digits year-over-year, with an approximate 25%/75% distribution split between 1H and 2H of fiscal 2025[14] - Wholesale revenue is expected to decrease 20% year-over-year[14] - Adjusted EBIT is expected to expand approximately 100 basis points versus FY24[14]
Canada Goose tops quarterly sales estimates
Proactiveinvestors NA· 2024-08-01 13:41
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Canada Goose (GOOS) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2024-08-01 12:55
Canada Goose (GOOS) came out with a quarterly loss of $0.58 per share versus the Zacks Consensus Estimate of a loss of $0.60. This compares to loss of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this high-end coat maker would post earnings of $0.07 per share when it actually produced earnings of $0.14, delivering a surprise of 100%. Over the last four quarters, the company h ...
Canada Goose(GOOS) - 2025 Q1 - Quarterly Report
2024-08-01 11:33
Canada Goose Holdings Inc. Condensed Consolidated Interim Financial Statements As at and for the first quarter ended June 30, 2024 and July 2, 2023 (Unaudited) Attributable to: Shareholders of the Company (77.4) (81.1) Non-controlling interest 3.4 (3.9) Net loss (74.0) (85.0) Loss per share attributable to shareholders of the Company Basic and diluted 4 $ (0.80) $ (0.78) Condensed Consolidated Interim Statements of Loss (unaudited) (in millions of Canadian dollars, except per share amounts) | --- | --- | -- ...
Canada Goose Flies Higher as the Stock Picks Up a New Bull
Investopedia· 2024-07-19 21:55
TradingView Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com Key Takeaways Wedbush initiated coverage of Canada Goose with an oiutperform rating and price target of $21. The shares rose Friday. The analysts called the stock "un-loved" and cited steps to slow store growth and cut spending. Wedbush said Canada Goose can benefit from becoming a more "year-round" brand. Shares of Canada Goose flew higher today, lifted by an upbeat take by Wedbush analysts who called th ...
Investors Heavily Search Canada Goose Holdings Inc. (GOOS): Here is What You Need to Know
ZACKS· 2024-07-18 14:01
Canada Goose (GOOS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Rather than focusing on anything e ...