Canada Goose Flies Higher Driven By DTC Growth

Core Viewpoint - Canada Goose Holdings Inc. experienced a significant 15% increase in share price following a strong fiscal Q4 2024 earnings report, with revenues rising 22% year-over-year [1][6]. Financial Performance - The company reported fiscal Q4 2024 earnings per share (EPS) of 14 cents, surpassing consensus estimates of 4 cents by 13 cents [6]. - Total revenues surged to $262.9 million, exceeding analyst expectations of $232.05 million [6]. - Direct-to-consumer (DTC) revenues increased by 19% year-over-year to $199.38 million, while wholesale revenues declined by 9% to $30.40 million [7]. Market Position - Canada Goose competes with other luxury apparel brands such as Tapestry Inc., Capri Holdings Ltd., and V.F. Corp [2]. - The brand is recognized for its high-priced products, including parkas priced at $1,675 and boots at $750, appealing to affluent consumers [1][4]. Strategic Initiatives - The company has expanded its global retail footprint to 68 permanent stores, more than tripling its presence over the past five years [10]. - Canada Goose is focusing on enhancing its retail operations, reducing the number of wholesale partners, and slowing down new store openings to increase product exclusivity [11]. Future Outlook - For fiscal full-year 2025, Canada Goose anticipates non-IFRS adjusted net earnings per diluted share to rise by mid-teen percentage points, while total revenues are expected to grow in the low single digits [9]. - The company expects DTC sales to increase in the low single digits, while wholesale sales are projected to decline by 20% year-over-year [9].