Why Is Winter Clothing Maker Canada Goose's Stock Soaring Today?
Portfolio Pulse from Shivani Kumaresan
Canada Goose Holdings Inc (NYSE:GOOS) shares surged after reporting better-than-expected Q4 FY24 earnings. The company saw a 22% YoY sales growth, beating analyst estimates, and a significant rise in adjusted EBIT and EPS. Despite a challenging consumer spending environment, the company opened new stores and reduced inventory.
May 16, 2024 | 1:13 pm
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Canada Goose Holdings Inc (NYSE:GOOS) reported strong Q4 FY24 earnings, with a 22% YoY sales growth, beating analyst estimates. The company also saw a significant rise in adjusted EBIT and EPS, leading to a 13.94% increase in premarket trading.
The strong Q4 FY24 earnings report, with significant sales growth and better-than-expected adjusted EBIT and EPS, has positively impacted GOOS shares, leading to a 13.94% increase in premarket trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100