Why Canada Goose Shares Are Surging Today
Portfolio Pulse from Shivani Kumaresan
Canada Goose Holdings Inc (NYSE:GOOS) reported Q4 FY23 sales growth of 31.4% YoY to C$293.2 million, with DTC revenue up 22.6% and wholesale revenue up 30.4%. Gross profit rose 23.5% to C$190.3 million, and adjusted EBIT increased 122.6% to C$27.6 million. The company expects FY24 revenue of C$1.4 billion to C$1.5 billion and non-IFRS adjusted EPS of C$1.20 to C$1.48.
May 18, 2023 | 1:26 pm
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Canada Goose reports strong Q4 FY23 results with sales growth of 31.4% YoY and adjusted EBIT up 122.6%. Shares surge 11.15% in premarket.
Canada Goose reported strong Q4 FY23 results, with significant sales growth and adjusted EBIT increase. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term, as evidenced by the 11.15% surge in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100