Canada Goose Holdings ( NYSE: GOOS ) issued new guidance on Tuesday ahead of management's presentations later in the day at an Investor Day event.
CEO update: "Our products are iconic, our style is enduring and our brand has never been stronger. Looking ahead, we see incredible opportunity to continue the revenue growth trajectory we have experienced since the time of our IPO and deliver increasing rates of profitability."
The retailer said it is confident in its long-term financial plan through the execution of three strategic growth pillars - accelerating consumer focused growth, building the DTC network, and creating new and expand existing categories rapidly.
Looking down the road, Canada Goose ( GOOS ) expects to achieve in FY28 revenue of $3B representing a CAGR of approximately 20%. The growth is expected to be driven by the acceleration of the consumer-focused growth initiatives, the buildout of the DTC network and the creation of new and more rapid expansion of existing categories as described above. Across geographies, the company’s strategy is focused on continuing on the luxury trajectory path with growth moving regional revenue as a percentage of total towards an equitable split between North America, EMEA and Asia-Pacific.
Canada Goose ( GOOS ) GOOS is also targeting a 30% adjusted EBIT margin rate. The guidance is based on the ability for GOOS to achieve and maintain DTC gross margin in the mid 70% range and wholesale gross margin in the mid to high 40% range with heavy weight down, light weight down and other product categories representing approximately 50%, 25% and 25% of revenue, respectively, in FY28.
Share of Canada Goose ( GOOS ) moved up 0.52% premarket.
Canada Goose ( GOOS ) was listed on Seeking Alpha's Catalyst Watch this week.
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Canada Goose unveils five-year outlook ahead of investor day