Canada Goose (GOOS) Misses Q2 EPS by 21c ; Provides Outlook
Canada Goose (NYSE: GOOS) reported Q2 EPS of (Cdn$0.79), Cdn$0.21 worse than the analyst estimate of (Cdn$0.58). Revenue for the quarter came in at Cdn$88.1 million versus the consensus estimate of Cdn$62.13 million.
Outlook:-
Total revenue to grow in the low-single-digits year-over-year, with an approximate 25%/75% distribution split between 1H and 2H of fiscal 2025, respectively, which is relatively consistent with fiscal 2024.
DTC comparable sales growth in the low-single-digits year-over year, and incremental revenue from three new stores and four concession-based shop-in-shops to contribute to DTC revenue growth.
An average mid-single digit percentage pricing increase over fiscal 2024.
A 20% year-over-year decrease in wholesale revenue due to a tightening of our wholesale order book to largely offset the benefit contributed by DTC revenue growth and the planned pricing increase.
Consolidated gross margin percentage to be similar to fiscal 2024.
As a result of the above, non-IFRS adjusted EBIT margin to expand by approximately 100 basis points compared to fiscal 2024.
Non-IFRS adjusted net income per diluted share to grow by a mid-teen percentage year-over-year.
Weighted average diluted shares outstanding of approximately 99m for fiscal 2025.
For earnings history and earnings-related data on Canada Goose (GOOS) click here.
