Canada Goose (GOOS) Tops Q1 EPS by 6c, Beats on Revenues

Canada Goose (NYSE: GOOS) reported Q1 EPS of ($0.09), $0.06 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $28.2 million versus the consensus estimate of $13.4 million.

Fiscal 2018 First Quarter Highlights (in Canadian dollars):

• Total revenue increased $12.5 million to $28.2 million driven by growth in direct-to-consumer channel and accelerated timing of wholesale shipments
• Gross margin expanded to 46.9% from 29.7% in the prior year
• Net loss was $12.1 million, or $0.11 loss per share, and adjusted net loss was $13.2 million, or $0.13 loss per share
• Adjusted EBITDA was $(13.6) million, compared to $(7.5) million in the prior year reflecting planned higher SG&A costs in this seasonally small, investment quarter

For earnings history and earnings-related data on Canada Goose (GOOS) click here.

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