=Canada Goose (GOOS) reported earnings on Thur 2 Feb 23 (b/o)

Canada Goose misses by CAD0.33, misses on revs; guides Q4 EPS below consensus, revs in-line; lowers FY23 EPS below consensus, revs below consensus

• Reports Q3 (Dec) earnings of C$1.27 per share, C$0.33 worse than the S&P Capital IQ Consensus of CC$1.60; revenues fell 1.6% year/year to C$576.7 mln vs the C$621.59 mln S&P Capital IQ Consensus.
• Co issues guidance for Q4, sees EPS of C$0.00-0.12 vs. C$0.17 S&P Capital IQ Consensus; sees Q4 revs of C$251-271 mln vs. C$267.95 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY23, sees EPS of C$0.92-1.03 vs. C$1.42 S&P Capital IQ Consensus and down from prior guidance of 1.31-1.62; sees FY23 revs of C$1.18-1.20 bln vs. C$1.24 bln S&P Capital IQ Consensus. This is down from prior guidance of $1.2-1.3 bln

Earnings this week : Jan 30 - Feb 3, 23 (wk 5)

Monday (Jan 30)

• Morning:  BEN GEHC PHG SOFI
• Afternoon: AGNC ARE CADE ELS GGG HLIT HTLF HP JJSF NXPI PCH PFG SANM WHR WWD

Tuesday (Jan 31)

• Morning: AOS ALGM CAT CVLT GLW DOV AQUA XOM GM HUBB IMO IP KEX LII MAN MPC MCD MDC MCO MPLX MSCI NYCB NVR PNR PFE PSX PBI PII PHM ST SPOT SYY UBS UPS
• Afternoon:  AMD DOX AMGN APAM ASH BXP CP CB CACC EW EA HA IEX JNPR MTCH MRCY MDLZ NATI OI RNR SNAP SYK SMCI UNM VREX WDC

Wednesday (Feb 1)

• Morning:  MO ABC ATKR BSX EAT GIB CMCO DT EPD EVR FTV HUM JCI NVS ODFL OTIS PTON SMG SLAB SR TMUS TMO TGI WM WRK
• Afternoon:  EGHT AFL ALGN ALGT ALL AFG AVT BHE BDN CHRW CCS CHX CLB CTVA DXC ELF ENVA GL THG HOLX KRC KLIC LSTR LFUS MXL MCK MTH META MET MTG MAA MUSA NTGR PTC QRVO RYN RRX SLM SITM TTEK TBI UGI VSTO

Thursday (Feb 2)

• Morning: FLWS ABB WMS APD ATI AME APTV ARW ABG AVY BALL BCE BDX BERY TECH BMY BR BIP BC GOOS CAH CMS CNHI COP DLX DGII LLY EL RACE FCFS GWW HBI HOG HSY HON ITW ICE JHG LANC LAZ LEA MTSI MMP MRK NJR PH PENN PBH DGX RCI SBH SNDR SIRI SNA SWK TW TT WNC WEC
• Afternoon:  TWOU ATGE GOOG AMZN AAPL TEAM BZH BILL BYD CPT CRUS CLX CTSH COLM CNMD DECK DLB EXPO F GEN GILD GPRO HIG HUBG KMPR LESL LPLA MANH MEOH MCHP MSTR MTX MWA NFG OHI OTEX PCTY PFSI POST QCOM RGA SIGI SKX SKYW SBUX SNCY SYNA X VIAV WWE

Friday (Feb 3)  

• Morning:  AON ARCB AVTR BEP CBOE CHD CI EAF LYB MOG.A PIPR REGN SAIA SNY TWST WT ZBH

=Canada Goose (GOOS) reported earnings on Thur 10 Feb 22 (b/o)

•  Missed estimates on the bottom line for Q3. Total revs increased +26.5% yr/yr, and total non-parka revs increased +74.9%. Lowered its outlook for FY22 EPS and revs, citing lower than expected revs and retail traffic in APAC and EMEA in the current quarter and the impact of new variant outbreaks and restrictions.

 

 

-=Long trade : Canada Goose (GOOS) +10% (9/20)

 

• 9/30/20: GOOS upgraded to Outperform from Market Perform at Cowen

Analyst Oliver Chen lifted his rating on Canada Goose (ticker: GOOS) to Outperform from Market Perform, and raised his price target to $36 from $31. He believes the company “is well positioned as an outdoor resource amid the pandemic, as a leading brand in stores, and as a global luxury beneficiary as China improves faster.”

He highlights the company’s positive free cash flow, robust margins, and profitable retail channel, despite the headwinds facing the sector this year. Moreover, his recent consumer surveys showed that more shoppers are listing Canada Goose as their first choice for outerwear.

The jackets may have a high price tag, but Chen writes that their warmth, utility, and lower price points than other luxury players can help the company take market share. This is especially true given that the pandemic shows no signs of slowing in the U.S. as winter approaches, which means outdoor recreation—and related gear—will likely be a continuing trend that Canada Goose can benefit from.

Of course, tourism is a major driver for Canada Goose, and that has been hurt by Covid-19. Yet Chen believes the company is wise to offset this loss by focusing on sales in China itself. He estimates that China can contribute more than 50% of annual earnings per share over time—and that growth could also make Canada Goose an attractive takeover target.

Canada Goose stock is up 10.6% to $32.82 in recent trading, although it is still off 11.3% for the year.

Canada Goose (GOOS) reported earnings on Fri 7 Feb 20 (b/o)

** charts before earnings **

 

 

 

  

 

** charts after earnings **

 

 

 

 

 

 

 

Canada Goose reports EPS in-line, revs in-line; lowers FY20 EPS and revs below consensus

Reports Q3 (Dec) earnings of CAD1.07 per share, in-line with the S&P Capital IQ Consensus of CAD1.07; revenues rose 13.2% year/year to CAD452.1 mln vs the CAD448.18 mln S&P Capital IQ Consensus.

Co issues downside guidance for FY20, sees EPS of CAD1.33-1.37 vs. CAD1.65 S&P Capital IQ Consensus, and down from prior guidance of CAD1.70; sees FY20 revs of CAD945-955 mln vs. CAD1.03 bln S&P Capital IQ Consensus, and down from prior guidance of +20% yr/yr to $996 mln.

Commentary from Co: "The coronavirus outbreak is having a material negative impact on performance in the current fiscal quarter ending March 29, 2020. As a result, the Company has revised its outlook for fiscal 2020, which was last reiterated with the release of second quarter fiscal 2020 results on November 13, 2019. The health crisis has resulted in a sharp decline in customer traffic and purchasing activity. Retail stores and e-commerce across Greater China have and continue to experience significant reductions in revenue. Due to global travel disruptions, retail stores in international shopping destinations in North America and Europe are also affected. No supply chain interruptions have occurred. The Company believes that this is a temporary change in consumer behavior due to health precautions in extraordinary circumstances. However, the extent and duration of the disruptions remain uncertain and prolonged disruptions may also negatively impact future fiscal periods. Canada Goose's brand and business momentum in Greater China remain strong, as reflected in the doubling of revenue in Asia in the fiscal third quarter prior to the outbreak."

Earnings this week : Feb 3 - 7, 20 (wk 6)

Monday (Feb 3)

• Morning: ACM AMG ABG CTLT CHKP NSSC ON SASIA SYY
• Afternoon: ARE GOOG AFG BECN CBT EZPW FN HLIT HIG HP HXL HLI KMT KRC LEG MTSC NXPI PAHC PCH RBC SSD SXI VVV WWD

Tuesday (Feb 4)

• Morning: ATI AXE ARMK ATKR BDC TECH BP CNC CLX CMCO COP CSWI CTS CMI EXP ETN EMR ENTG AQUA IT HAE HLNE HUBB JHG LHX LANC LII LITE MCK MTG MSGN PBI PINC RL ROLL RCL SPG SIRI SNE TDG VSH GRA WDR WAT ZBH

Mon pm & Tue am (by vol) : https://finviz.com/screener.ashx?v=211&t=ARE,GOOG,AFG,BECN,CBT,EZPW,FN,HLIT,HIG,HP,HXL,HLI,KMT,KRC,LEG,MTSC,NXPI,PAHC,PCH,RBC,SSD,SXI,VVV,WWD,ATI,AXE,ARMK,ATKR,BDC,TECH,BP,CNC,CLX,CMCO,COP,CSWI,CTS,CMI,EXP,ETN,EMR,ENTG,AQUA,IT,HAE,HLNE,HUBB,JHG,LHX,LANC,LII,LITE,MCK,MTG,MSGN,PBI,PINC,RL,ROLL,RCL,SPG,SIRI,SNE,TDG,VSH,GRA,WDR,WAT,ZBH&ta=0&o=-volume

• Afternoon: EGHT ATGE AFL ALL DOX AINV APAM ATO BOOT CDK CERN CMG CB TCS CCK ESE ETH FISV F GTES GNW GILD GL THG HIW IPHI JKHY KLAC KN MANH MTCH MDU MCHP MODN MWA NBIX NEWR OI OLN PCTY CNXN PDM PAA PAGP PLT PWL PRU QGEN RRR RNR SCSC STX SNAP SWI TENB UNM USNA VIAV DIS YRCW ZAYO

Wednesday (Feb 5)

• Morning: ABB AME BMI BSX CPRI CG COTY DTE ENR FSV GM GPI HUM KFRC MHO MCFT MRK NS NVT BTU PAG PFGC SR SPOT SUM TMHC TKR UMC WD
• Afternoon: ADTN AOSL UHAL ANGI AVB ACLS CCMP CENT CDAY CINF CTSH COHR CUZ CSGS CUB DHT ECHO ELF ENS FEYE FLO FMC FORM FOXA GLUU GPRO GRUB HI ICHR IAC IRBT LCI LNC RAMP MTRX MXL MET MC MPWR NTGR NUAN ORLY OHI PAYC PTON QCOM  QNST RDN RYN RGLD SONO SAVE SU TBI TTMI TWLO TWO UGI WERN YUMC ZNGA

Thursday (Feb 6)

• Morning: ABMD WMS AGCO ALNY MT ARCH ARW BLL BCE BDX BGCP BV BCO BMY CAH CDW CI COR DNKN EIGI EL FCAU GLOP GLT HL  EAF HAIN ICE K KEM MAC MMS MPW MDP NRX NYT NGL NJR NOK ODFL PTEN PENN PM PBH PRLB REGN SPGI SNY SNA TPR TGI TWTR TSN USX VSTO WLTW WWE XYL YUM
• Afternoon: TWOU ATVI ASYS BIDU BHE BILL BKH BRKS CSL CCS COLM OFC DLX DXC EGP EGAN ENTA EHC EXPO FLT FSCT FTNT FTV FWRD G HUBG IQ LMAT LGND LFG.A MTW MTD MOBL MSI MYGN NOV NTUS UEPS NWSA NLOK OMCL ONTO PMT PINS POST PRO SGEN SIMO SKX SYNA TTWO TDC TSE UBER VRSN VVI VSAT VRTU VCRA WYNN ZEN

Friday (Feb 7) 

• Morning: ABBV AVTR CAE CCJ CBOE CNHI GOOS ROAD UFS FE GRC HMC

-=Canada Goose (GOOS) reported earnings on Wed 13 Nov 19 (b/o)

Canada Goose beats by CAD0.14, beats on revs; reaffirms FY20 EPS guidance, revs guidance

Reports Q2 (Sep) earnings of CAD0.57 per share, CAD0.14 better than the S&P Capital IQ Consensus of CAD0.43; revenues rose 27.7% year/year to CAD294 mln vs the CAD267.29 mln S&P Capital IQ Consensus.

Co reaffirms guidance for FY20, sees EPS of +25% to CAD1.70 vs. CAD1.71 S&P Capital IQ Consensus; sees FY20 revs of +20% to CAD996 mln vs. CAD1.05 bln S&P Capital IQ Consensus.

Earnings this week : Nov 11 - 15, 19 (wk 46)

Monday (Nov 11)

• Morning: FOLD CRR QRTEA
• Afternoon: APYX DXC FGEN FLNT FNV FTK GO HBM ICUI TDW TERP TME UGI

Tuesday (Nov 12)

• Morning: AAP ACM AEIS BPMP CBS CNNE CRON CVET DF DHI DPLO DSKE EBIX EDIT EGRX EPC ERJ GTT IAA IIVI INFN KEM MPAA OSTK PSN RDNT ROK SAGE SE TSN XON
• Afternoon: ADPT ADT APEI BREW CBPX CDLX CPRX DDOG DOX HALO HCAT HIIQ HTHT HUYA KWR MCRN MTSI OMER PTE RUN SCSC SDC SENS SSTI SWKS TLRY TVTY TWOU VRAY VREX YY

Wednesday (Nov 13)

• Morning: BEST CAE CMCM ENR FVRR GOOS LK MTOR SPB SSYS TSEM VIPS
• Afternoon: BZH CHNG CBPO CSCO CPA HI HOLI NTAP PSNL PRSP TGP TNK TTEK TCOM

Thursday (Nov 14)

• Morning: BAM CHC CTRA GDS IGT NBEV NICE RUBY SINA TUFN VIAB WMT WB WIX ZEAL
• Afternoon: AMAT AXNX DLB FTCH FSM GLOB HP KLIC NVDA VFF WPM

Friday (Nov 15) 

• Morning: JCP JD

=Canada Goose (GOOS) reported earnings on Wed 14 Aug 2019 (b/o)

Canada Goose beats by CAD 0.03, beats on revs; reaffirms FY20 EPS guidance, revs guidance

Reports Q1 (Jun) loss of CAD 0.21 per share, excluding non-recurring items, CAD 0.03 better thanthe S&P Capital IQ Consensus of (CAD 0.24); revenues rose 59.1% year/year to CAD 71.1 mln vs the CAD 54.38 mln S&P Capital IQ Consensus.

In Asia, revenue nearly tripled to $18.1m from $6.6m. This includes earlier shipments to international distributors in Japan and South Korea, and the incremental contribution of DTC operations in Greater China.

Coreaffirms guidancefor FY20, sees EPS of +25% to CAD 1.70, excluding non-recurring items, vs. CAD 1.69 S&P Capital IQ Consensus; sees FY20 revs of +20% to CAD 996 mln vs. CAD 1.04 bln S&P Capital IQ Consensus.

Earnings this week : Aug 12 - 16, 19 (wk 33)

Notable earnings reports:

• Barrick Gold (NYSE:GOLD), Sysco (NYSE:SYY), on August 12;
• JD.com (NASDAQ:JD), Tilray (NASDAQ:TLRY),  Grocery Outlet (GO), Huya (HUYA) and Brinker International on August 13; 
•  Myriad Genetics (MYGN), Sundial Growers (SNDL), Canada Goose (GOOS), Cisco Systems (NASDAQ:CSCO), Macy's (NYSE:M), Agilent Technologies (NYSE:A), Luckin Coffee (NASDAQ:LK), Canopy Growth (CGC)
   and Tencent (OTCPK:TCEHY) on August 14; 
• Tapestry (TPR), Nvidia (NASDAQ:NVDA), Alibaba (BABA) and Wal-Mart (WMT), Briggs & Stratton (BGG), Canadian Solar (CSIQ), PagSeguro Digital (PAGS),  Applied Materials (NASDAQ:AMAT), Nio (NYSE:NIO) and Madison Square Garden (NYSE:MSG) on August 15; 
• Deere (NYSE:DE) on August 16.

=Canada Goose (GOOS) reported earnings on Wed 29 May 19 (b/o)

Canada Goose beats by CAD 0.04, misses on revs; guides FY20 EPS above consensus; guides FY20 revs below consensus; authorized a normal course issuer bid to purchase for cancellation up to 1.6 mln subordinate voting shares

• Reports Q4 (Mar) earnings of CAD 0.09 per share, excluding non-recurring items, CAD 0.04 better than the S&P Capital IQ Consensus of CAD 0.05; revenues rose 25.2% year/year to CAD 156.2 mln vs the CAD 158.85 mln S&P Capital IQ Consensus.
• Co issues guidance for FY20, sees EPS of +25% to CAD 1.70, excluding non-recurring items, vs. CAD 1.64 S&P Capital IQ Consensus; sees FY20 revs of +20% to CAD 996 mln vs. CAD 1.05 bln S&P Capital IQ Consensus.
• Key assumptions underlying the fiscal 2020 outlook above are as follows: Wholesale revenue growth in the high-single-digits on a percentage basis. Eight new retail stores in operation by the end of the winter selling season. One new digital concept store in operation by the end of the winter selling season, which will be an experiential showroom to drive local e-commerce sales in the Greater Toronto Area. It is not expected to generate revenue or operating income at a level consistent with the Company's traditional retail store format.
• Over the next three fiscal years, the Company currently expects the following: Average annual revenue growth of at least 20%. Annual adjusted EBIT margin expansion of at least 100 basis points in fiscal 2022, relative to fiscal 2019. Average annual growth in adjusted net income per diluted share of at least 25%.
• The board of directors of the Company has authorized a normal course issuer bid to purchase for cancellation up to 1,600,000 subordinate voting shares of Canada Goose over the twelve-month period commencing on May 31, 2019 and ending no later than May 30, 2020, representing approximately 2.70% of the 59,151,443 subordinate voting shares issued and outstanding as at May 17, 2019.

Earnings this week : May 27 - 31, 2019 (wk 22)

Monday (May 27)

• Markets closed for Memorial Day

Tuesday (May 28)

• Morning: AMWD BAH BNS MOMO NIO PLAN
• Afternoon: HEI NXGN RAMP WDAY YY

Wednesday (May 29)

• Morning: ANF BMO BZUN CMCO CPRI DAKT DKS GOOS HLNE HMLP THR WUBA
• Afternoon: DSGX KEYS PANW PVH QADA SMTC TLYS UHAL VEEV VRNT

Thursday (May 30)

• Morning: BITA BURL CSIQ DBI DG DLTR EXPR JILL MOV SAFM SPWH TECD TITN
• Afternoon: COO COST DELL GPS MRVL NTNX OKTA RRGB UBER ULTA VMW WSM YEXT ZS ZUO

Friday (May 31) 

• Morning: BIG GCO

• Workday (NASDAQ:WDAY), Momo (NASDAQ:MOMO), Nio (NYSE:NIO) and YY (NASDAQ:YY) on Mon May 28; 
• Palo Alto Networks (NYSE:PANW), Capri Holdings (NYSE:CPRI), Abercrombie & Fitch (NYSE:ANF) and Dick's Sporting Goods (NYSE:DKS) on May 29; 
• Lululemon (NASDAQ:LULU), Dell (NYSE:DELL), Costco (NASDAQ:COST), Gap (NYSE:GPS), Dollar General (NYSE:DG) and VMware (NYSE:VMW) on May 30; 
• Big Lots (NYSE:BIG) and Build-A-Bear Workshop (NYSE:BBW) on Fri May 31.

-=GOOS : downgraded to Market Perform from Outperform at Wells Fargo

Analysts at Wells Fargo downgraded to stock to market perform from outperform on valuation concerns.

"While we remain confident on the trajectory of the GOOS brand and the fundamental story that has developed since their IPO in 2017, we feel the risk/reward today is not as compelling as it once was (when shares were cheaper and upside to numbers seemed easier to come by)," said analyst Ike Bochurow on Thursday.

The firm also said it believes that the fact that Canada Goose is not as popular on Google Trends as a reason for its downgraded outlook.

"We do view the fundamental story here as quite compelling (GOOS remains one of the strongest multi-year growth stories under coverage), we simply feel that valuation is going to become more relevant as the brand matures, the branded space remains choppy and certainly if brand 'heat' begins to cool off a bit," Bochurow said.

Wells Fargo lowered Canada Goose's price target to $68 from $80, which still represents a 37% upside from the stock's previous closing price.

=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.

Earnings this week : November 12 - 16, 18 (wk 46)

Earnings confirmed to report this week:

Monday (Nov 12) 

• Morning: ACB ACM ATHM
• Afternoon:  APU EB EQH EXPI FOCS HUYA KRNT NVGS TDW UGI VERI YRD YY

Tuesday (Nov 13)

• Morning:   AAP ARMK BZH CAE DQ EPC EYE GDS HD TSN
• Afternoon:  AMRS CDLX CWK HI HOLI MTSI ORIG PETQ REZI SSTI SVMK SWCH TLRY VREX WIX

Wednesday (Nov 14)

• Morning:  APRN BPMP CGC CVIA GOOS LX M MTOR QIWI
• Afternoon: CPA CSCO NTAP NTES PRSP SFS VIPS WPM ZTO

Thursday (Nov 15)

• Morning: BERY BRC CSIQ CUB DDS ENR JCP LXFT MANU SPH SR TK TNK WMT WUBA
• Afternoon: AMAT CRMT DWCH ESE GLOB HTHT JWN MATW  NGVC  NVDA POST SCVL SONO WAIR WSM

Friday (Nov 16)

• Morning: HP FRO  VIAB

=Canada Goose (GOOS) reported earnings on Fri 15 June 18 (b/o)

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. 

-=Canada Goose (GOOS) reported earnings on Thur 8 Feb 2018 (b/o)

Canada Goose beats by CAD 0.10, beats on revs

• Reports Q3 (Dec) earnings of CC$0.58 per share, excluding non-recurring items, CC$0.10 better than the Capital IQ Consensus of CC$0.48; revenues rose 27.1% year/year to CC$265.8 mln vs the CC$240.68 mln Capital IQ Consensus. Wholesale revenue was $134.2 million as compared to $137.0 million in the third quarter of fiscal 2017. In the first half of fiscal 2018, we shipped approximately $18 million of customer orders that were originally planned for the third quarter based on the order book, which was enabled by efficiency in manufacturing and sales planning to allow us to accelerate our shipment timing in response to requests from retail partners approaching their peak selling season. This was partially offset by strong demand in the wholesale channel. Direct-to-consumer revenue was $131.6 million as compared to $72.0 million in the third quarter of fiscal 2017. The increase was primarily driven by incremental revenue from four new company operated retail stores and additional seven new e-commerce sites which opened in fiscal 2018. We experienced continued strong performances of our existing e-commerce sites and retail stores.
• Gross profit increased to $169.0 million from $120.3 million in the third quarter of fiscal 2017. As a percentage of total revenue, gross profit was 63.6% compared to 57.5% in the third quarter of fiscal 2017. 
• "In our peak selling season, we delivered strong performance across geographies, channels and categories this quarter, reflecting the continued demand for the Canada Goose brand around the world. Year to date, we added e-commerce sites in seven new markets, opened five new stores across three continents, including our partner operated store in Tokyo, and we successfully added more than 700 employees."

Canada Goose: Earnings Conference Call Notes

Highlights: 

• Continue to seeing growing demand for lightweight down product, for more temperate climates 
• Introduced 30 new styles for winter lineup 
• Positive traction on leather and lightweight products, introduced for the winter season 
• Youth, Kids, and Baby business doubled this season 
• Focus on expanding internationally:
  • Drive growth by expanding access 
  • "Tremendous" demand in Chinese market 

=Canada Goose (GOOS) reported earnings on Thu 9 Nov 2017 (b/o)

Canada Goose beats by CAD$0.12, beats on revs; raises FY18 guidance 

• Reports Q2 (Sep) earnings of CC$0.33 per share, CC$0.12 better than the Capital IQ Consensus of CC$0.21; revenues rose 34.6% year/year to CC$172.3 mln vs the CC$150 mln Capital IQ Consensus. 
  • Wholesale revenue was $152.1 million as compared to $122.4 million in the second quarter of fiscal 2017, driven by growth across all regions. In the quarter, revenue of ~$13 million, which was originally expected to be earned in the third quarter, was pulled forward . Enabled by increased efficiency in manufacturing and sales planning, shipment timing was accelerated in response to requests from retail partners approaching their peak selling season. Direct-to-consumer revenue was $20.3 million as compared to $5.5 million in the second quarter of fiscal 2017, driven by strong growth in our North American e-commerce business and incremental revenue from new retail stores and e-commerce sites which were not operating in the same period last year.
  • Gross profit increased to $87.1 million from $59.3 million in the second quarter of fiscal 2017. As a percentage of total revenue, gross profit was 50.5% compared to 46.4% in the second quarter of fiscal 2017.
• Co issues upside guidance for FY18, sees EPS of at least (+35% to) CADC$0.55 vs. C$0.55 Capital IQ Consensus Estimate; sees FY18 revs of at least (+25% to) CADC$505 mln vs. C$501.56 mln Capital IQ Consensus. Based on stronger than expected growth across our business, with a particular contribution from our direct-to-consumer segment, the Company expects fiscal 2018 results to exceed the long-term and fiscal year outlook which was originally provided with the release of fourth quarter and fiscal year 2017 results on June 2, 2017. For fiscal 2018, the Company currently expects: Annual revenue growth on a percentage basis of at least 25% versus the previous expectation of mid-to-high teens; Adjusted EBITDA margin expansion of at least 50 basis points versus the previous expectation of flat to modestly expanding.  

Canada Goose (GOOS) reported earnings on Fri 2 June 17 (b/o)

** charts before earnings **

 

** charts after earnings **

** 5 days later  **

** 1 month later  **

Canada Goose beats by CAD 0.04 :

• Reports Q4 (Mar) loss of CAD $0.15 per share, excluding non-recurring items, CAD $0.04 better than the Capital IQ Consensus of (CAD $0.19); revenues rose 22.0% year/year to CAD $51.1 mln may not compare to the CAD $31.25 mln Capital IQ Consensus.
• FY18 and Long Term Guidance: The Company expects the execution of its growth strategies to continue to drive increases in revenue, adjusted EBITDA and Adjusted net income per share over the next three fiscal years, including, on average: Annual revenue growth on a percentage basis in the mid-to-high teens. Adjusted EBITDA margin expansion in excess of 75 basis points per year. Growth in Adjusted net income per diluted share of approximately 20 percent per year. Adjusted net income per diluted share in line with the Company's long-term expectations, when compared to adjusted net income per pro forma diluted share in fiscal 2017. Over the two-year period from fiscal 2016 through fiscal 2018, Adjusted net income per diluted share is expected to grow an average of more than 25% per year.

GOOS — is it a buy?

•  Apr. 26: Is GOOS a buy?

• 3 weeks later