Canada Goose beats by CAD0.17, beats on revs; guides FY19 EPS above consensus, revs above consensus
- Reports Q4 (Mar) earnings of CC$0.09 per share, CC$0.17 better than the Capital IQ Consensus of (CC$0.08); revenues rose 144.2% year/year to CC$124.8 mln vs the CC$76.62 mln Capital IQ Consensus.
- Co issues upside guidance for FY19, sees EPS of +25% YoY to ~C$1.08 vs. C$0.90 Capital IQ Consensus Estimate; sees FY19 revs of at least 20% YoY to ~C$709 mln vs. C$666.61 mln Capital IQ Consensus Estimate.
- Key assumptions underlying the fiscal 2019 outlook above are as follows:
- Wholesale revenue growth in the mid-single-digits on a percentage basis
- Five new retail stores in operation by the onset of the peak winter selling season
- Six retail stores in operation in off-peak periods in the first half of the year, compared to two in fiscal 2018
- Over the next three fiscal years, the Company currently expects the following:
- Average annual revenue growth of at least 20%
- Annual adjusted EBITDA margin of at least 26% in fiscal 2021
- Average annual growth in adjusted net income per diluted share of at least 25%
- Additionally, co announced the next phase of its global retail expansion, opening three stores this fall in Short Hills, N.J., Montral, Quebec and Vancouver, British Columbia. The stores are a celebration of the company's commitment to craftsmanship and a curated showcase of the brand's archives.
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