Canada Goose Hol Stock Price, News & Analysis

Canada Goose Holdings Inc. (NYSE: GOOS) will release its first quarter fiscal 2023 results, covering the period ending July 3, 2022, on August 11, 2022. Investors are invited to join a live webcast of the conference call at 9:00 AM ET on the same day, accessible via the Company's investor relations page. An archived version of the webcast will be available within two hours post-call and will remain accessible until September 8, 2022.

Canada Goose Holdings Inc. (GOOS) reported its fourth quarter fiscal 2022 results, revealing total revenue of $223.1 million, a 6.8% increase from the prior year. However, the company faced a net loss of $9.1 million or $(0.09 per diluted share. Despite this, non-IFRS adjusted EBIT grew to $12.5 million, marking a 5.6% margin. Fiscal 2023 guidance suggests total revenue between $1.3 billion and $1.4 billion, with anticipated non-IFRS adjusted EBIT of $250 million to $290 million. Challenges include closed stores in China due to COVID-19.

Canada Goose Holdings Inc. (NYSE: GOOS) is scheduled to announce its fourth-quarter and fiscal year 2022 results on May 19, 2022, before market opening. A conference call will follow at 9:00 am ET, accessible via the investor relations page on their website. The results pertain to the period ending April 3, 2022. Canada Goose, established in 1957, is renowned for its luxury outerwear, blending functionality with craftsmanship. The brand is committed to sustainability through its HUMANATURE platform, which champions environmental responsibility.

Canada Goose Holdings Inc. has appointed Carrie Baker as its new President, effective immediately. This leadership change aims to enhance the company's executive structure to support its global expansion and growth. Under the leadership of Dani Reiss, Baker will consolidate commercial leadership and marketing functions. Baker, a company veteran with over ten years of experience, previously drove significant revenue growth in North America. Additionally, Ana Mihaljevic will take on the dual role of President, North America, and EVP, Sales Operations & Planning.

Canada Goose and Sazaby League have launched a joint venture, Canada Goose Japan, aimed at expanding direct-to-consumer (DTC) channels and retail stores in Japan. This collaboration replaces their previous exclusive distribution agreement and is anticipated to enhance revenue and gross profit per unit. Projected revenue for fiscal 2023 is between C$60 million and C$65 million, doubling that of fiscal 2022. The venture positions Canada Goose to improve its market presence in one of the largest luxury markets globally.

Canada Goose Holdings Inc. (NYSE: GOOS) has appointed Belinda Wong, Chairman of Starbucks China, to its Board of Directors. Wong brings over 20 years of leadership experience in China and the Asia Pacific region, where she previously served as CEO of Starbucks China, significantly expanding its operations. Under her leadership, Starbucks China reached nearly US$4 billion in revenue and opened close to 6,000 stores. CEO Dani Reiss believes Wong's expertise will enhance Canada Goose's growth strategies.

Canada Goose (NYSE: GOOS) is responding to the ongoing conflict in Ukraine by donating $100,000 CAD to the UNHCR to support humanitarian efforts. The company has also suspended all wholesale and e-commerce sales to Russia due to the challenging operating environment and evolving sanctions. Although Canada Goose retail locations remain unaffected, the organization is closely monitoring the situation and advocates for peace. Founded in 1957, Canada Goose is known for its performance luxury apparel, embodying uncompromised craftsmanship.

Canada Goose announced that the Ontario Securities Commission has granted it exemptive relief to repurchase up to 10% of its public float of subordinate voting shares. This buyback can occur through the New York Stock Exchange and other U.S. trading systems as part of its normal course issuer bid initiated on August 13, 2021. Previously, such purchases were restricted to 5% of outstanding shares. This exemption remains valid for 36 months and involves compliance with U.S. trading rules.

Canada Goose Holdings reported strong third-quarter fiscal 2022 results, with total revenue of $586.1 million, up 26.5% year-over-year, excluding PPE sales. Net income rose to $151.9 million or $1.41 per diluted share, while non-IFRS adjusted EBIT was $206.9 million, a margin of 35.3%. Despite growth, the company revised its fiscal 2022 outlook downwards, expecting total revenue of $1.090–$1.105 billion due to COVID-19 disruptions. Key revenue drivers included a 35.1% increase in DTC revenue in China and significant growth in non-parka product lines.