Canada Goose shares plunge on Q3 EPS miss and FY2022 guidance cut

Feb. 10, 2022 11:11 AM ETCanada Goose Holdings Inc. (GOOS), GOOS:CABy: Niloofer Shaikh, SA News Editor2 Comments

Sad investor watching the financial stock market crash on his laptop computer. Economy crisis.

PKpix/iStock via Getty Images

  • Despite double digit revenue growth, Canada Goose Holdings (GOOS -15.5%) down as EPS missed the consensus mark in FQ3.
  • The company's share is also suffering due to FY2022 guidance cut driven by COVID restrictions and lower-than- expected revenue and retail traffic in APAC and EMEA in the current quarter.
  • Omicron-related restrictions has impacted the demand for the company's luxury parkas and footwear.
  • Gross margin rate was 70.6% vs. 66.8% year ago and consensus of 70.1%.
  • The company has issued downside outlook for FY22, sees revenues of C$1.09B - C$1.105B vs. consensus of C$1.15B and prior guidance C$1.125B - C$1.175B; Adjusted EPS of C$1.02 - C$1.11 vs. consensus of C$1.33 and prior guidance of C$1.17 - C$1.33;

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.