Latest news with #CanadaGooseHoldings
National Post
6 days ago
- Business
- National Post
Canada Goose Provides Update on Arbitration Proceedings
Article content TORONTO — Canada Goose Holdings Inc. (NYSE:GOOS, TSX:GOOS) announced today that an arbitrator has awarded financial compensation to a former vendor in connection with a previously announced commercial dispute. The case relates to the termination of a contract in 2021, and the award communicated today has resulted in a one-time financial charge of approximately $30 million USD. Article content Canada Goose disagrees with the legal basis for this award and is assessing available options. Article content Article content This judgment is not related to current vendor relationships or ongoing business operations. Canada Goose maintains strong global partnerships with its vendors and this matter is not expected to have any material impact on the company's long-term financial position or strategy. Article content The company will reflect the charge in its financial results for the first quarter of fiscal 2026 and reaffirms its focus on disciplined execution, brand growth, and delivering value to shareholders. Article content About Canada Goose Article content Canada Goose is a performance luxury outerwear, apparel, footwear and accessories brand that inspires all people to thrive in the world outside. We are globally recognized for our commitment to Canadian manufacturing and our high standards of quality, craftsmanship and functionality. We believe in the power of performance, the importance of experience, and that our purpose is to keep the planet cold and the people on it warm. For more information, visit Article content Cautionary Note Regarding Forward-Looking Statements Article content This press release contains forward-looking statements, including statements relating to the impact of the arbitration award and any further actions that may be taken in respect thereof. These forward-looking statements generally can be identified by the use of words such as 'believe,' 'could,' 'continue,' 'expect,' 'estimate,' 'may,' 'potential,' 'would,' 'will,' and other words of similar meaning. Each forward-looking statement contained in this press release is subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the impact on our operations of the current global economic conditions and their evolution and are discussed under 'Cautionary Note regarding Forward-Looking Statements' and 'Factors Affecting our Performance' in our interim and annual Management's Discussion and Analysis ('MD&A') as well as under 'Risk Factors' in our Annual Report on Form 20-F for the year ended March 31, 2025. You are also encouraged to read our filings with the SEC, available at and our filings with Canadian securities regulatory authorities available on SEDAR+ at for a discussion of these and other risks and uncertainties. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. We caution investors not to rely on the forward-looking statements contained in this press release when making an investment decision in our securities. The forward-looking statements in this press release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements. Article content Article content Article content Article content Article content
Yahoo
21-05-2025
- Business
- Yahoo
Canada Goose Stock Soars as Profit, Revenue Easily Top Estimates
Shares of Canada Goose Holdings (GOOS) surged nearly 30% Wednesday after the maker of high-end winter coats reported fiscal 2025 fourth-quarter profit and revenue well above analysts' expectations. The Toronto-based firm reported quarterly adjusted earnings of 33 Canadian cents per share ($0.24) on revenue that rose 7% year-over-year to C$384.6 million ($278.1 million). Analysts surveyed by Visible Alpha expected C$0.24 and C$358.8 million, respectively. "The success we saw in fiscal 2025 sets a strong foundation for where we are headed," CEO Dani Reiss said. "In fiscal 2026, we will continue to execute bolder marketing initiatives, expand and enhance our product offering and elevate consumer experience—all of which drove our momentum last year." However, Canada Goose did not provide fiscal 2026 projections, given "ongoing macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment." With today's sharp gains, Canada Goose Holdings shares moved into positive territory for 2025. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Canada Goose stock up nearly 30%; no guidance from parka maker as Trump's tariffs create 'uncertain times'
Shares of Canada Goose Holdings ( soared by nearly 30 per cent on Wednesday as the luxury parka maker booked strong quarterly sales and rising net income. CEO Dani Reiss says while business is brisk today, a U.S.-led global trade war could shrink demand. Toronto-based Canada Goose declined to issue financial guidance for its current fiscal year as it reported results on Wednesday, citing 'macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.' 'The decision not to provide an outlook for the year is entirely around what we see as a fairly uncertain consumer environment around the world,' Reiss told analysts on a post-earnings conference call on Wednesday. 'These are uncertain times.' Reiss says the current tariff landscape is 'not material' to the company's 2026 plans directly. 'Approximately 75 per cent of our units are made in Canada, virtually all complying with USMCA (United States–Mexico–Canada Agreement), which means they are currently exempt from tariffs,' chief operating officer Beth Clymer added on the call. 'Our remaining production, which is primarily from Europe, is facing increasing tariffs. But they will have minimal financial impact.' Toronto-listed Canada Goose shares rose as much as 28.3 per cent on Wednesday. The stock was up 26.41 per cent at $15.70 per share as at 10:58 a.m. ET. For the three months ended March 30, Canada Goose reported $27.1 million in net income attributable to shareholders, up from $5 million in the fourth quarter of 2024. Sales increased 7.4 per cent year-over-year, while adjusted earnings before interest, taxes, depreciation, and amortization rose 48.9 per cent on an annual basis. Despite the strong results, Canada Goose now joins the list of Canadian firms lowering or eliminating financial guidance as U.S. President Donald Trump attempts to overhaul America's trade links with the rest of the world. So far this earnings season, Air Canada ( Rogers Communications ( A&W Food Services of Canada ( have been among companies issuing weaker guidance for 2025. BMO chief investment strategist Brian Belski recently advised investors to look past these revisions. "We believe investors should not be reactionary to negative guidance," he wrote in a report to clients. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.
National Post
21-05-2025
- Business
- National Post
U.S. tariffs have had minimal impact on Canada Goose, company says
Canada Goose Holdings Inc. said US tariffs have only made a minimal impact on the maker of high-end coats and winter gear, due to its Canada-based supply chain. Article content Article content The company, known for its $1,500 parkas, manufactures about 75% of its products in Canada and nearly all of those units comply with the standards of the U.S.-Mexico-Canada trade agreement, thereby exempting those goods from US tariffs, executives said. Article content 'Our made-in-Canada products, which represent the vast majority of our offering, are not currently impacted by the recently announced tariffs on imports into the United States,' Chief Executive Officer Dani Reiss told investors on a conference call. Article content Article content Canada Goose posted sales and profit that surpassed Wall Street's expectations in its most recent quarter, sending shares up as much as 29.6% on Wednesday in New York — the biggest intraday rise since February 2021. Article content Companies across the apparel industry have struggled to cope with US President Donald Trump's trade war. Many brands are reliant on production hubs in Asia, such as China and Vietnam, that have been targeted by Trump's tariffs. Article content A portion of Canada Goose's goods are made in Europe, which is facing elevated tariff rates from the US, but executives said those levies would have a 'minimal financial impact.' Article content Yet executives remain worried about trade squabbles hurting the global economy. The company declined to provide guidance for its current fiscal year, citing concerns about the 'consumer environment' and the lack of visibility into potential future policy changes. Article content 'There's no doubt that the trade environment is choppy,' said Chief Financial Officer Neil Bowden. 'The level of unpredictability there, at least in our view, is such that we're not prepared to provide an outlook for the year.' Article content
Yahoo
21-05-2025
- Business
- Yahoo
Canada Goose stock up nearly 30%; no guidance from parka maker in 'uncertain times'
Shares of Canada Goose Holdings ( soared by nearly 30 per cent during trading Wednesday as the luxury parka maker booked strong quarterly sales and rising net income. CEO Dani Reiss says while business is brisk today, a U.S.-led global trade war could shrink demand. Toronto-based Canada Goose declined to issue financial guidance for its current fiscal year as it reported results on Wednesday, citing 'macroeconomic uncertainty and dynamic consumer spending patterns brought on by the unpredictable global trade environment.' 'The decision not to provide an outlook for the year is entirely around what we see as a fairly uncertain consumer environment around the world,' Reiss told analysts on a post-earnings conference call on Wednesday. 'These are uncertain times.' Reiss says the current tariff landscape is 'not material' to the company's 2026 plans directly. 'Approximately 75 per cent of our units are made in Canada, virtually all complying with USMCA (United States–Mexico–Canada Agreement), which means they are currently exempt from tariffs,' chief operating officer Beth Clymer added on the call. 'Our remaining production, which is primarily from Europe, is facing increasing tariffs. But they will have minimal financial impact.' Toronto-listed Canada Goose shares rose as much as 28.3 per cent on Wednesday. The stock was up 26.41 per cent at $15.70 per share as at 10:58 a.m. ET. For the three months ended March 30, Canada Goose reported $27.1 million in net income attributable to shareholders, up from $5 million in the fourth quarter of 2024. Sales increased 7.4 per cent year-over-year, while adjusted earnings before interest, taxes, depreciation, and amortization rose 48.9 per cent on an annual basis. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Sign in to access your portfolio
