Canada Goose +16% after posting unexpected profit

|About: Canada Goose Holdings (GOOS)|By:, SA News Editor

Canada Goose (NYSE:GOOS) reports an unexpected profit in FQ4.

The company generated adjusted EBITDA of C$21.7M during the quarter vs. C$6.01M consensus estimate. Adjusted EBITDA margin increased by 517 basis points to 25.2%.

For the full fiscal year, direct-to-consumer revenue rose 121% to $255M as e-commerce and the new stores in New York City and Toronto contributed.

CEO update: "Our execution in fiscal 2018 was exceptional across all growth strategies and key metrics. These results reinforce my belief that we are still just scratching the surface of our global potential. As we continue to bring more Canada Goose to more of the world, we are resolutely focused on the long term and what we need to get there."

FY19 guidance expectations: Annual revenue growth of at least 20%, adjusted EBITDA margin expansion of at least 50 basis points, annual growth in adjusted net income per diluted share of at least 25%.

Shares of Canada Goose are up 15.58% in premarket trading to $52.99.

Previously: Canada Goose Holdings beats by $0.16 (June 15)

Subscribe for full text news in your inbox