=Canada Goose (GOOS) reported earnings on Wed 14 Nov 2018 (b/o)

Canada Goose beats by CAD 0.20, beats on revs; guides FY19 EPS above consensus, revs above consensus

• Reports Q2 (Sep) earnings of CC$0.46 per share, excluding non-recurring items, CC$0.20 better than the S&P Capital IQ Consensus of CC$0.26; revenues rose 33.7% year/year to CC$230.3 mln vs the CC$197.99 mln S&P Capital IQ Consensus.
  • Wholesale revenue increased to $179.9m from $152.1m. The increase was attributable to higher order values from existing partners, earlier shipment timing relative to last year and favorable foreign exchange rate fluctuations.
  • DTC revenue increased to $50.4m from $20.2m. The strong performance of well-established retail stores and e-commerce sites, and incremental revenue from four new retail stores opened in the third quarter of fiscal 2018, were both significant contributors.
• Co issues upside guidance for FY19, sees EPS of at least 40% growth (implies CAD 1.176), excluding non-recurring items, vs. C$1.14 S&P Capital IQ Consensus; sees FY19 revs up at least 30% (implies at least CAD 768.5 mln) vs. C$761.88 mln S&P Capital IQ Consensus.