Canada Goose(GOOS)

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Canada Goose(GOOS) - 2023 Q4 - Annual Report
2023-05-17 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 2, 2023 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) - 2023 Q4 - Annual Report
2023-05-17 16:00
Revenue Performance - Total revenue for Q4 FY23 increased by 31.4% to CAD $293.2 million compared to CAD $223.1 million in Q4 FY22[8] - Revenue growth was driven by Asia Pacific and EMEA regions, with increases of 65.4% and 27.3%, respectively[4] - Direct-to-Consumer (DTC) revenue grew by 22.6% to CAD $227.5 million, supported by retail store expansion[11] - Total revenue for fiscal 2024 is expected to be between $1.400 billion and $1.500 billion[20] Profitability Metrics - The gross profit for Q4 FY23 was CAD $190.3 million, a 23.5% increase from CAD $154.1 million in Q4 FY22, although gross margin decreased by 420 basis points to 64.9%[8][14] - Operating income surged to CAD $17.2 million, up from CAD $0.9 million in the prior year, reflecting an increase of 1,811.1%[8] - Adjusted EBIT rose by 122.6% to CAD $27.6 million, with an adjusted EBIT margin of 9.4%[8] - Adjusted net income attributable to shareholders increased by 267.5% to CAD $14.7 million, with adjusted net income per basic share rising to CAD $0.14[8] - Adjusted EBIT for the fourth quarter was CAD $27.6 million, representing an adjusted EBIT margin of 9.4%, up from 5.6% in the fourth quarter of 2022[31] Future Outlook - The company expects stronger growth in revenue and profitability metrics for fiscal 2024[4] - Non-IFRS adjusted EBIT is projected to be between $210 million and $240 million, representing a margin of 15% to 16%[20] - Non-IFRS adjusted net income per diluted share is anticipated to range from $1.20 to $1.48[20] - DTC revenue is expected to be in the mid-to-high 70s as a percentage of total revenue, driven by comparable sales growth in the mid single digits to mid teens[20] - Q1 fiscal 2024 DTC comparable sales growth is projected to be in the high teens to low 20s[20] - Wholesale revenue is expected to decline by 6%, reflecting a continued reduction in wholesale door count[20] Store Expansion Plans - The company plans to open 16 new permanent stores in fiscal 2024, primarily in Mainland China, the USA, and Japan[5] - The company plans to open 16 permanent retail stores, primarily in Mainland China, the USA, and Japan, expected to be operational in the second half of the year[20] Inventory and Costs - Inventory levels increased to CAD $472.6 million as of Q4 FY23, up from CAD $393.3 million in Q4 FY22, due to lower-than-expected sales in the Asia Pacific region[18] - The company incurred net temporary store closure costs of CAD $3.2 million for the fiscal year ended April 2, 2023, compared to CAD $0.2 million in the previous year[33] - The Japan Joint Venture costs amounted to CAD $10.2 million for the fiscal year ended April 2, 2023, compared to CAD $0.7 million in the previous year[32] - The company recorded a fair value loss of CAD $9.7 million related to the Japan Joint Venture during the fourth quarter[35] Shareholder Information - Weighted average diluted shares outstanding for fiscal 2024 is estimated at 106.3 million[20] - The weighted average number of diluted shares outstanding was 104,519,045 for the fourth quarter ended April 2, 2023[32] - The adjusted net income per diluted share attributable to shareholders for the fiscal year was CAD $1.05, down from CAD $1.07 in the previous year[32] Tax and Margins - The effective tax rate is projected to be in the low 20s as a percentage of income before taxes for fiscal 2024[20]
Canada Goose(GOOS) - 2023 Q3 - Earnings Call Transcript
2023-02-02 17:00
Canada Goose Holdings Inc. (NYSE:GOOS) Q3 2023 Earnings Conference Call February 2, 2023 9:00 AM ET Company Participants Amy Schwalm - Vice President of Investor Relations Dani Reiss - Chairman and Chief Executive Officer Jonathan Sinclair - Executive Vice President and Chief Financial Officer Carrie Baker - President Conference Call Participants Michael Binetti - Credit Suisse Brooke Roach - Goldman Sachs Adrienne Yih - Barclays Ike Boruchow - Wells Fargo Oliver Chen - Cowen Jonathan Komp - Baird Mark Petr ...
Canada Goose(GOOS) - 2023 Q3 - Quarterly Report
2023-02-01 16:00
CANADA GOOSE HOLDINGS INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For the third and three quarters ended January 1, 2023 The following Management's Discussion and Analysis ("MD&A") for Canada Goose Holdings Inc. ("us," "we," "our," "Canada Goose" or the "Company") is dated February 1, 2023 and provides information concerning our results of operations and financial condition for the third and three quarters ended January 1, 2023. All figures are presented in Can ...
Canada Goose(GOOS) - 2023 Q2 - Earnings Call Transcript
2022-11-02 19:07
Canada Goose Holdings, Inc. (NYSE:GOOS) Q2 2023 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Amy Schwalm - Vice President of Investor Relations Dani Reiss - Chairman and Chief Executive Officer Jonathan Sinclair - Executive Vice President and Chief Financial Officer Carrie Baker - President Conference Call Participants Irwin Boruchow - Wells Fargo Michael Binetti - Credit Suisse Oliver Chen - Cowen Omar Saad - Evercore ISI Brooke Roach - Goldman Sachs Jay Sole - UBS Mark Petrie ...
Canada Goose(GOOS) - 2023 Q2 - Quarterly Report
2022-11-01 16:00
CANADA GOOSE HOLDINGS INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For the second and two quarters ended October 2, 2022 The following Management's Discussion and Analysis ("MD&A") for Canada Goose Holdings Inc. ("us," "we," "our," "Canada Goose" or the "Company") is dated November 1, 2022 and provides information concerning our results of operations and financial condition for the second and two quarters ended October 2, 2022. All figures are presented in Canad ...
Canada Goose(GOOS) - 2023 Q1 - Earnings Call Transcript
2022-08-11 17:06
Canada Goose Holdings Inc. (NYSE:GOOS) Q1 2023 Earnings Conference Call August 10, 2022 9:00 AM ET Company Participants Amy Schwalm - VP of Investor Relations Dani Reiss - CEO Jonathan Sinclair - CFO Conference Call Participants Oliver Chen - Cowen Ike Boruchow - Wells Fargo Jonathan Komp - Robert W. Baird Michael Binetti - Credit Suisse Omar Saad - Evercore ISI Meaghen Annett - TD Securities Brooke Roach - Goldman Sachs Adrienne Yih-Tennant - Barclays Jay Sole - UBS Operator Good day, and welcome to the Ca ...
Canada Goose(GOOS) - 2023 Q1 - Quarterly Report
2022-08-10 16:00
CANADA GOOSE HOLDINGS INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For the first quarter ended July 3, 2022 The following Management's Discussion and Analysis ("MD&A") for Canada Goose Holdings Inc. ("us," "we," "our," "Canada Goose" or the "Company") is dated August 10, 2022 and provides information concerning our results of operations and financial condition for the first quarter ended July 3, 2022. All figures are presented in Canadian ("CAD") dollars, unless ...
Canada Goose(GOOS) - 2022 Q4 - Earnings Call Transcript
2022-05-19 15:54
Canada Goose Holdings Inc (NYSE:GOOS) Q4 2022 Earnings Conference Call May 19, 2022 9:00 AM ET Company Participants Amy Schwalm - Vice President of Investor Relations Dani Reiss - Chairman and CEO Jonathan Sinclair - Executive Vice President, Chief Financial Officer Carrie Baker - President Conference Call Participants Ike Boruchow - Wells Fargo Katy Hallberg - Cowen Jonathan Komp - Baird Michael Binetti - Credit Suisse Meaghen Annett - TD Securities Brooke Roach - Goldman Sachs Adrienne Yih - Barclays Cami ...
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 ...