Revenue and Profitability - Revenue for the first quarter ended June 30, 2024, was CAD 88.1 million, an increase of 3.9% compared to CAD 84.8 million for the same period in 2023[2] - Gross profit decreased to CAD 52.6 million, down 4.7% from CAD 55.2 million year-over-year[2] - Operating loss for the first quarter was CAD 96.9 million, slightly improved from CAD 99.7 million in the previous year[2] - Net loss attributable to shareholders was CAD 74.0 million, compared to CAD 85.0 million in the same quarter last year, reflecting a reduction of 12.0%[1] - Loss per share attributable to shareholders was CAD (0.80), compared to CAD (0.78) in the prior year[1] - Comprehensive loss for the first quarter was CAD 69.8 million, compared to CAD 78.1 million in the same quarter last year[4] - Total segment revenue increased to CAD 88.1 million, up from CAD 84.8 million year-over-year, with Direct-to-Consumer (DTC) revenue rising to CAD 63.1 million from CAD 55.8 million[25] - The Wholesale segment revenue decreased to CAD 16.0 million from CAD 27.1 million, while the Other segment revenue increased significantly to CAD 9.0 million from CAD 1.9 million[25] - The total segment operating loss widened to CAD 27.9 million compared to CAD 13.6 million in the prior year, with DTC segment loss increasing to CAD 23.1 million from CAD 17.3 million[25] Assets and Liabilities - Total current assets decreased to CAD 685.0 million from CAD 704.5 million year-over-year[6] - Cash and cash equivalents increased to CAD 61.9 million from CAD 48.0 million in the previous year[6] - Total liabilities rose to CAD 1,095.3 million, up from CAD 1,072.9 million year-over-year[6] - Total equity attributable to shareholders decreased to CAD 345.5 million from CAD 381.9 million in the previous year[6] - Total inventories as of June 30, 2024, were $484.3 million, down from $522.1 million as of July 2, 2023, representing a decrease of approximately 7.2%[32] - Trade receivables stood at $50.4 million as of June 30, 2024, a slight decrease from $50.9 million in the previous year[31] - Non-current, non-financial assets totaled $593.1 million as of June 30, 2024, compared to $586.4 million as of July 2, 2023, showing a modest increase[29] - As of June 30, 2024, accounts payable and accrued liabilities totaled $144.3 million, a decrease from $178.6 million in July 2023[41] Cash Flow and Operating Activities - Cash used in operating activities was CAD 142.9 million, a decrease from CAD 209.3 million in the previous year[8] - Cash at the end of the period was CAD 61.9 million, compared to CAD 48.0 million at the end of the same quarter last year[8] - The company experienced a foreign exchange gain of CAD 2.5 million, contrasting with a loss of CAD 2.5 million in the previous year[8] - Net interest, finance, and other costs for the first quarter ended June 30, 2024, were $3.2 million, a decrease from $14.5 million in the same quarter of 2023[54] - The change in non-cash operating items for the first quarter ended June 30, 2024, resulted in a total decrease of $63.1 million, compared to a decrease of $98.9 million in the same quarter of the previous year[102] Corporate Expenses and Management - Corporate expenses decreased to $69.0 million in Q1 2024 from $86.1 million in Q1 2023, indicating improved cost management[27] - Total depreciation and amortization expense for Q1 2024 was $30.0 million, up from $26.6 million in Q1 2023, reflecting increased asset utilization[28] - The Company incurred expenses with related parties of $0.5 million during the first quarter ended June 30, 2024, compared to $0.3 million in the first quarter ended July 2, 2023[69] Borrowings and Financial Obligations - The Company had $54.3 million owing on the Revolving Facility as of June 30, 2024, with an unused borrowing capacity of $335.2 million[45] - The Term Loan outstanding as of June 30, 2024, was $396.0 million, with quarterly repayments of $0.75 million and a maturity date of October 7, 2027[49] - Short-term borrowings as of June 30, 2024, totaled $36.8 million, including $16.6 million from Mainland China Facilities and $16.2 million from the Japan Facility[52] - The company’s total borrowings as of June 30, 2024, included $395.5 million in Term Loan and $344.7 million in lease liabilities[103] - The total contractual obligations as of June 30, 2024, amounted to $1,127.7 million, with significant obligations due in 2028[84] Shareholder Activities - The Company initiated a normal course issuer bid to purchase up to 4,980,505 subordinate voting shares from November 22, 2023, to November 21, 2024[55] - The Company purchased 3,586,124 subordinate voting shares for a total cash consideration of $56.9 million under the Fiscal 2024 NCIB[57] - A total of 1,156,959 subordinate voting shares were purchased for cancellation for $26.3 million during the first quarter ended July 2, 2023[59] - The Company has purchased 2,309,761 subordinate voting shares for cancellation for a total cash consideration of $54.2 million since the commencement of the Fiscal 2023 NCIB[59] - The Company purchased an additional 422,544 subordinate voting shares for cancellation for $10.0 million under the ASPP after the first quarter ended July 2, 2023[60] Financial Risks and Management - The company is exposed to various financial risks, including liquidity risk, credit risk, and market risk, which are managed by senior management and the Board of Directors[81] - The company has forward foreign exchange contracts outstanding as of June 30, 2024, including contracts to purchase $82.3 million in U.S. dollars and €99.0 million in euros[96] - Interest rates on borrowings include 3.00% for Mainland China Facilities, 0.48% for Japan Facility, 6.30% for Revolving Facility, and 8.96% for Term Loan[100] Inventory Management - The provision for obsolescence increased to $62.4 million in Q1 2024 from $42.5 million in Q1 2023, highlighting rising concerns over inventory management[33] - Trade accounts receivable insured under a third-party credit insurance policy totaled approximately $12.0 million as of June 30, 2024, down from $22.8 million a year earlier[88] - The company has a factoring program for trade accounts receivable in Europe, with a limit of EUR20.0 million, which was terminated on April 12, 2024[89]

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 ...

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 ...

Company Overview - Canada Goose (GOOS) shares have decreased by 11.64% over the past month, while the Retail-Wholesale sector gained 2.58% and the S&P 500 increased by 3.82% [1] - The stock closed at $12.04, reflecting a daily increase of 1.69%, outperforming the S&P 500's daily gain of 0.64% [2] Financial Performance - For the fiscal year, earnings are projected at $0.83 per share, with revenue expected to be $986.24 million, indicating a 13.7% increase in earnings but no change in revenue compared to the previous year [3] - The upcoming earnings report is scheduled for August 1, 2024, with an expected EPS of -$0.55, representing a 5.77% decline year-over-year, while revenue is projected to rise by 1.74% to $64.24 million [8] Valuation Metrics - Canada Goose is currently trading at a Forward P/E ratio of 14.27, which is lower than the industry average Forward P/E of 14.96 [5] - The PEG ratio stands at 2.13, matching the average PEG ratio for the Retail - Apparel and Shoes industry [11] Industry Context - The Retail - Apparel and Shoes industry ranks 157 in the Zacks Industry Rank, placing it in the bottom 38% of over 250 industries [6] - The Zacks Rank system indicates that Canada Goose currently holds a rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [10]

Shares of the high-end coat maker witnessed a loss of 5.72% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.94% and the S&P 500's gain of 4.34%. The most recent trading session ended with Canada Goose (GOOS) standing at $12.64, reflecting a -0.39% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.07%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.14%. Analysts and in ...

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. One stock to keep an eye on is Canada Goose (GOOS) . GOOS is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 14.29, while its industry has an average P/E of 15.34. GOOS's Forwa ...

In the latest trading session, Canada Goose (GOOS) closed at $13.17, marking a +1.15% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.09%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.3%. It is also important to note the recent changes to analyst estimates for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of ...

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 -1.6% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Retail - Apparel and Shoes industry, to which Canada Goose belongs, has gained 5.5% over this period. Now the key question is: Where could the stock be headed in the near term? ...

The high-end coat maker's stock has climbed by 18.39% in the past month, exceeding the Retail-Wholesale sector's gain of 0.79% and the S&P 500's gain of 3.96%. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.83 per share and revenue of $986.24 million, which would represent changes of +13.7% and 0%, respectively, from the prior year. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on ...

Group 1: Company Performance - Canada Goose (GOOS) has gained approximately 14.8% year-to-date, outperforming the Retail-Wholesale sector's average return of 9.5% [4] - The Zacks Consensus Estimate for Canada Goose's full-year earnings has increased by 7.1% over the past quarter, indicating improved analyst sentiment and earnings outlook [4] - Canada Goose holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market over the next one to three months [3] Group 2: Industry Context - Canada Goose is part of the Retail - Apparel and Shoes industry, which consists of 41 stocks and currently ranks 60 in the Zacks Industry Rank [6] - The average return for stocks in the Retail - Apparel and Shoes industry this year is 22%, indicating that Canada Goose is slightly underperforming its industry [6] - The Retail-Wholesale group includes 213 companies and is currently ranked 12 in the Zacks Sector Rank, reflecting the overall strength of the sector [2]