U.S. Markets close in 2 hrs 36 mins

Free Research Report as Canada Goose' Revenues Zoomed 144%; Turned Profitable Y-O-Y

Stock Monitor: Vince Holding Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 11, 2018 / If you want access to our free earnings report on Canada Goose Holdings Inc. (NYSE: GOOS) ("Canada Goose"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GOOS. The Company reported its fourth quarter fiscal 2018 and full fiscal year 2018 operating and financial results on June 15, 2018. The maker of down jackets and other cold-weather gear outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Vince Holding Corp. (NYSE: VNCE), which also belongs to the Consumer Goods sector as the Company Canada Goose Holdings. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Canada Goose Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

For the fourth quarter of the fiscal year 2018, Canada Goose's total revenues soared 144% to C$124.8 million compared to C$51.1 million in Q4 FY17. The Company's revenue numbers beat analysts' estimates of C$78.9 million.

For the full fiscal year 2018, Canada Goose's revenues surged 46.4% to C$591.2 million from C$403.8 million in FY17.

During Q4 FY18, Canada Goose's gross profit increased to C$78.3 million, up 64% compared to C$27.8 million in Q4 FY17. As a percentage of total revenues, the Company's gross profit was 62.7% in the reported quarter compared to 54.4% in the prior year's same quarter.

Canada Goose reported an operating income of C$14.8 million, with an operating margin of 11.9%, in Q4 FY18 compared to an operating loss of C$28. 6 million, with a negative operating margin of 56.0%, in Q4 FY17.

Canada Goose posted a net income of C$6.63 million, or C$0.07 per diluted share, compared to a net loss of C$23.31 million, or C$0.23 loss per diluted share, in Q4 FY17. The Company’s adjusted earnings per share (EPS) came in at C$0.09 in the reported quarter versus an adjusted loss per share of C$0.15 in the year earlier comparable quarter, and were ahead of Wall Street's estimates for a loss per share of $0.09.

For FY18, Canada Goose's net income was C$96.1 million, or C$0.86 per diluted share, compared to C$21.6 million, or C$0.21 per diluted share, in FY17. The Company's adjusted EPS soared 95.3% to C$0.84 in the reported period versus C$0.43 in the year ago corresponding period.

Segment Results

During FY18, Canada Goose's Wholesale segment's revenues increased 16.5% to C$336.2 million compared to C$288.5 million in FY17, driven by an order book growth from existing accounts and higher re-order volumes late in the year.

The Wholesale segment's gross profit was C$157.8 million, with a gross margin of 46.9%, in FY18 compared to C$125.1 million and 43.3%, respectively, in FY17. The increase in gross margin was due to product mix, with a greater proportion of higher margin jackets from the segment's Fall/Winter collection, and lower material costs. The segment’s operating income came in at C$120.6 million, with an operating margin of 35.9%, in FY18 compared to C$94.4 million and 32.7%, respectively, in FY17.

For FY18, Canada Goose's Direct-to-Consumer (DTC) segment's revenues soared 121.3% to C$255.0 million from C$115.2 million in FY17, driven by the strong performance of existing retail stores and ecommerce sites, including a full year of operations for Toronto and New York City retail stores, and incremental revenues from four new retail stores and eight national ecommerce sites opened during FY18.

During FY18, the DTC segment's gross profit came in at C$189.8 million, with a gross margin of 74.4%, compared to C$87.0 million and 75.5%, respectively, in FY17. The increase in gross margin was primarily driven by product mix, with a greater proportion of lower margin styles and products. The segment's operating income totaled C$134.7 million, with an operating margin of 52.8%, in FY18 compared to C$59.5 million and 51.7%, respectively, in FY17.


For the full fiscal year 2019, Canada Goose is forecasting an annual revenue growth of at least 20%, and an annual growth in adjusted net income per diluted share of at least 25%. The Company is expecting its Wholesale segment's revenue growth to be in the mid-single-digits on a percentage basis. For FY19, Canada Goose is planning to open five new retail stores in operation by the onset of the peak winter selling season, and six retail stores in operation in off-peak periods, compared to two in FY18.

Over the next three fiscal years, Canada Goose is projecting an average annual revenue growth of at least 20%, and an average annual growth in adjusted net income per diluted share of at least 25%.

Stock Performance Snapshot

July 10, 2018 - At Tuesday's closing bell, Canada Goose's stock advanced 2.36%, ending the trading session at $61.58.

Volume traded for the day: 1.52 million shares, which was above the 3-month average volume of 1.30 million shares.

Stock performance in the last month - up 42.45%; previous three-month period - up 74.00%; past twelve-month period - up 223.76%; and year-to-date - up 95.12%

After yesterday's close, Canada Goose's market cap was at $6.57 billion.

Price to Earnings (P/E) ratio was at 95.33.

The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry. This sector was up 0.5% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors