Here is how Canada Goose (GOOS) and Hagerty, Inc. (HGTY) have performed compared to their sector so far this year.
We have narrowed our search to five retail - apparel and shoe industry stocks that have strong potential for 2024. These are: GOOS, LEVI, GPS, ANF, JILL.
Canada Goose has seen mixed results, recently, with a robust rebound in growth but flat adjusted EBIT versus last year and a modest near-term outlook. It has strong brand awareness and room to grow its retail store footprint and to further broaden its product line into other seasons and categories. A renewed focus on operational efficiency should temper expectations for near-term growth, but could help to establish a stronger foundation for growth beyond 2025.
Canada Goose reported strong revenue growth helped by a friends and family sale. Operating margins are expected to improve into next year.
NEW YORK, NY / ACCESSWIRE / May 17, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Canada Goose Holdings Inc. ("Canada Goose") (NYSE:GOOS) concerning possible violations of federal securities laws. On March 26, 2024, Canada Goose issued a press release announcing the "reduction of approximately 17% of corporate roles" as part of a transformation program, including, among other things, the departure of the Company's Chief Operating Officer.
Canada Goose Holdings Inc. (NYSE:GOOS ) Q4 2024 Earnings Conference Call May 16, 2024 8:30 AM ET Company Participants Ana Raman - Head of Investor Relations Dani Reiss - Chairman and Chief Executive Officer Neil Bowden - Chief Financial Officer Carrie Baker - President, Brand and Commercial Beth Clymer - President of Finance, Strategy and Administration Conference Call Participants Brooke Roach - Goldman Sachs Michael Vu - Barclays Oliver Chen - TD Cowen Rick Patel - Raymond James Jesalyn Wong - Evercore Ike Boruchow - Wells Fargo Jonathan Komp - Baird Operator Thank you for standing by. My name is John, and I will be your conference operator today.
Shares of Canada Goose surged 16% on Thursday after reporting better-than-expected revenue and earnings for its fiscal fourth quarter.
Canada Goose (GOOS) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.10 per share a year ago.
Shares of Canada Goose Holdings (GOOS) soared in intraday trading Thursday after the maker of fashion winter outerwear posted better-than-expected results as demand rebounded in North America and grew strongly in China.
The shares of Canada Goose Holdings Inc (NYSE:GOOS) are soaring today, after the luxury retailer announced strong fiscal fourth-quarter results thanks to recovering demand in China and the U.S. At last glance, GOOS was up 23% at $14.05.
The outerwear maker reports adjusted earnings of 19 cents a Canadian share on revenue of C$358 million in its fiscal fourth quarter.