Canada Goose Holdings (GOOS-T)
TSE:GOOS
11.46
0.05
(0.44%) 1d
Financials
Technical Analysis
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This summary was created by AI, based on 1 opinions in the last 12 months.
Canada Goose Holdings (GOOS-T) represents a luxury brand within the discretionary spending market, and its performance is often viewed as a proxy for the overall health of Canadian consumers. Recent analysis suggests that there is a cautionary outlook on this company's potential growth, as luxury items are typically dependent on stronger consumer spending. Many experts express concerns over the current consumer sentiment, indicating that average consumers are not showing major spending increases, which could negatively impact Canada Goose. Given the discretionary nature of its products, the brand may find it challenging to excite investors in the current economic climate. Furthermore, there are indications that investors might find better alternative opportunities in the market at this time, leading to a lukewarm outlook for this stock.
While slashing guidance may be prudent, investors still react to expectations vs reality. The guidance cut was likely bigger than most expected. In addition, the company is transitioning to a new CFO which generally causes some investor angst. GOOS said sales momentum began to 'slow noticeably' in September. With China struggling, investors are just preferring to sit this one out, for now. 3Q revenue guidance dropped to $575M to $700M, vs estimates of $727M, a not-igsignificant drop if it comes in at the lower end of the range. Debt may also be a worry here. Still, at 11X earnings now, it is historically cheap, and despite the forecast analysts still expect earnings growth over the next two years.
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Revenue of $293 mln beat estimates of $259 mln and EPS of $0.14 beat estimates of $0.11. For revenues, the outlook for the next year was in-line but the EPS outlook came in lower than expected which is likely what is weighing on shares. Total revenues grew 31% for the quarter and the company is working to expand their direct to consumer channel as well as diversifying into different types of apparel. We think the quarter looked ok and demand trends appear to remain strong but the lower earnings guide was not ideal.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Overall likes the stock. The Japan deal to expand their relationship with Sazaby is positive. The joint venture should generate total revenues of 60-65M CAD in Fiscal 2023. Good prospects in a recovery world. China’s growth could be a headwind, since it is still closely tied to their performance. Unlock Premium - Try 5i Free
Canada Goose Holdings(GOOS-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Canada Goose Holdings(GOOS-T) Frequently Asked Questions
What is Canada Goose Holdings stock symbol?
Canada Goose Holdings is a Canadian stock, trading under the symbol GOOS-T on the Toronto Stock Exchange (GOOS-CT). It is usually referred to as TSX:GOOS or GOOS-T
Is Canada Goose Holdings a buy or a sell?
In the last year, there was no coverage of Canada Goose Holdings published on Stockchase.
Is Canada Goose Holdings a good investment or a top pick?
Canada Goose Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Canada Goose Holdings.
Why is Canada Goose Holdings stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Canada Goose Holdings worth watching?
0 stock analysts on Stockchase covered Canada Goose Holdings In the last year. It is a trending stock that is worth watching.
What is Canada Goose Holdings stock price?
On 2025-05-02, Canada Goose Holdings (GOOS-T) stock closed at a price of $11.46.
Good proxy for health of consumers in Canada. Luxury item that is discretionary. Hard to excited about this style of business. Not seeing major spending from average population. Better options for investors out there.