Canada Goose Hol Stock Price, News & Analysis

Canada Goose Holdings (GOOS) reported a 19.0% revenue growth in Q2 2023, totaling $277.2 million, boosted by strong performance in North America and Wholesale in EMEA. The gross margin improved to 59.8%, up 180 basis points, while adjusted EBIT rose 70.1% to $29.6 million. However, net income dropped to $5.0 million, reflecting a 66.7% decline in earnings per share. The company revised its fiscal 2023 guidance, lowering revenue expectations to $1.200-1.300 billion due to ongoing Covid-19 impacts in China and wider macroeconomic uncertainty.

Canada Goose Holdings Inc. (NYSE: GOOS) will release its Q2 fiscal 2023 results on November 2, 2022, before the market opens. A live conference call is scheduled for 9:00 am ET on the same day, accessible via the investor relations page of its website. The archived webcast will be available within two hours post-call, until November 1, 2023. Founded in 1957, Canada Goose is a leading luxury apparel manufacturer, emphasizing quality and sustainability through its HUMANATURE platform.

Canada Goose has launched its Fall/Winter campaign featuring an all-female cast photographed by Annie Leibovitz. The campaign centers on the theme 'Live in the Open' and showcases new womenswear offerings designed to inspire female consumers. Set against the Scottish Highlands, the initiative highlights the stories of women like Jodie Turner-Smith, Soo Joo Park, and Khadijha Red Thunder, while emphasizing the brand's commitment to performance and style. The collection, featuring parkas, jackets, and vests, is available globally.

Canada Goose Holdings Inc. (NYSE:GOOS) will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 8:50 a.m. ET. The event will take place at the Conrad Hotel in New York City, featuring a fireside chat with CEO Dani Reiss, President Carrie Baker, and CFO Jonathan Sinclair. The discussion will be available via live webcast on the company's investor relations website, with an archived version accessible afterward.

Canada Goose has appointed Larry Li as President of China, effective immediately. Based in Shanghai, Li will manage all commercial, marketing, and financial activities in the region, reporting to Paul Cadman, President of Asia Pacific. With nearly 20 years in the luxury sector, including leadership roles at Dunhill and LVMH, Li aims to leverage his expertise to enhance the brand's presence. Canada Goose continues to expand in China, having opened 16 stores since entering the market in 2018 and planning to launch three more this fall.

Canada Goose Holdings Inc. (NYSE:GOOS) held its annual general and special meeting on August 12, 2022, announcing the election results for its board of directors and the reappointment of Deloitte LLP as the company’s auditor. All director nominees received majority shareholder approval, with votes for ranging from 97.93% to 99.96%. Additionally, an amendment to the Omnibus Incentive Plan was approved, increasing the share reserve by 5,266,699 subordinate voting shares, representing approximately 8.9% of outstanding shares. The meeting reflects strong shareholder support for the company’s governance and strategic direction.

Canada Goose Holdings reported strong Q1 2023 results, with revenue of $69.9 million, reflecting a 24.2% increase year-over-year.

Key drivers included a remarkable 75% revenue growth in North America and 10.7% growth in DTC comparable sales. Gross margin improved to 61.1% from 54.5%.

However, the company registered an operating loss of $80.7 million and a net loss of $62.4 million, with increased expenses impacting profitability.

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.