GOOS - Why Is Winter Clothing Maker Canada Goose's Stock Soaring Today? | Benzinga
Canada Goose Holdings Inc (NYSE:GOOS) shares are trading higher after the company reported better-than-expected fourth-quarter FY24 earnings.
The company reported fourth-quarter sales growth of 22% year-on-year to C$358 million, beating the analyst consensus estimate of C$315.491 million.
DTC revenue grew 19% Y/Y, and Wholesale revenue decreased 9%.
Gross profit rose 22% Y/Y to C$233 million, with the margin expanding to 65.1% from 64.9% a year earlier.
The operating income for the quarter expanded to C$23.1 million from C$17.6 million last year.
Adjusted EBIT for the quarter rose ...