Loading...
Market
Canada Goose maintains/increases EBIT margin in next quarterly report
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Quarterly financial reports from Canada Goose.
Story
Canada Goose Reports Strong Q4 Earnings, Shares Rise 13% to $13
May 16, 2024, 11:20 AM
Canada Goose Holdings Inc. reported strong fourth-quarter earnings, significantly surpassing analyst expectations. The company posted a Q4 revenue of $358 million, beating the estimated $316.4 million. Adjusted earnings per share (EPS) came in at $0.19, far exceeding the anticipated $0.07. Adjusted EBIT was $40.1 million, compared to the expected $22.4 million. The EBIT margin was 11.2%, higher than the estimated 6.52%. Total revenue increased by 22% year-over-year, with a 23% rise on a constant currency basis. Net income attributable to shareholders was $5.0 million, or $0.05 per diluted share, compared to a net loss of $3.1 million in the previous year. The company experienced a 24% growth in North America and noted a steady demand recovery in China. Despite weak wholesale performance and soft guidance, shares rose 13% pre-market to approximately $13. Canada Goose also announced plans to raise prices, navigating a difficult environment.
View original story
Similar markets
Increase in margin • 33%
No significant change • 34%
Decrease in margin • 33%
Yes • 50%
No • 50%
Underperform expectations • 33%
Meet expectations • 34%
Exceed expectations • 33%
Increase significantly (>5%) • 25%
Increase slightly (1-5%) • 25%
No significant change (±1%) • 25%
Decrease • 25%
Losses recover by next quarter • 33%
Continue similar losses • 33%
Losses increase • 34%
0-5% • 25%
5.1-10% • 25%
10.1-15% • 25%
Above 15% • 25%
Stock price increases by 10% or more • 25%
Stock price stays stable (+/- 5%) • 25%
Stock price decreases by 5% to 10% • 25%
Stock price decreases by more than 10% • 25%
