{"id":147798,"date":"2020-02-19T17:33:45","date_gmt":"2020-02-19T17:33:45","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=147798"},"modified":"2020-02-19T17:33:45","modified_gmt":"2020-02-19T17:33:45","slug":"aritzia-canada-goose-lightspeed","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/aritzia-canada-goose-lightspeed\/","title":{"rendered":"Aritzia, Canada Goose and Lightspeed POS : Stock Market Newcomers Round #2"},"content":{"rendered":"

This is the second of two stories<\/a> examining recent big IPOs in Toronto and New York and assessing their prospects. Two of them being Canadian Fashion Stocks Aritzia and Canada Goose.<\/p>\n

Did the IPO hype pay off?<\/p>\n

First, let’s update last week’s stocks:<\/p>\n

Lyft<\/b> <\/a>reported its Q4 and its sales topped expectations, topping US$1-billion in quarterly revenue for the first time as the number of active riders jumped 23%, also more than expected. Revenue per active rider also beat the street. That report should have lifted (sorry) shares, but the stock actually plunged 10% on Feb. 12. Why?<\/p>\n

Uber:<\/b><\/a> Uber’s guidance was far sunnier than its competitor’s. Lyft aims to be profitable<\/a><\/u><\/span><\/span> but not until Q4-2021. In contrast, Uber announced earlier this month that it’s moving its profitability<\/a><\/u><\/span><\/span> target from 2021 to the end of this<\/u> year. Investors spoke. Last week ending Valentine’s Day, Uber slipped over 3%, but Lyft sank nearly 12%, this despite an impressive earnings report. Investors want to see a return on their IPO money sooner than later.<\/p>\n

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Discover What's Inside<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n