Warby Parker Shines, Canada Goose Slips: Goldman Sachs Adjusts Ratings On Apparel Sector Giants

Goldman Sachs analyst Brooke Roach revised ratings on Warby Parker Inc. WRBY and Canada Goose Holdings Inc. GOOS ahead of third-quarter earnings. The analyst writes that they have noticed fluctuating trends in the apparel sector amid a transition from summer to early fall. However, consumers remain resilient, focusing their spending on brands that offer innovation and newness, adds the analyst. Roach expects volatility for the remainder of 2024, but early signs, such as falling gas prices and increased cons ...