Latest news with #DaniReiss
Yahoo
30-05-2025
- Business
- Yahoo
Canada Goose Holdings Inc. (GOOS) Has Been 'Terrific,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Canada Goose Holdings Inc. (NYSE:GOOS) stands against other stocks that Jim Cramer discusses. Canada Goose Holdings Inc. (NYSE:GOOS) is a Canadian retailer that sells high-end apparel. Its shares have gained 18.5% year-to-date primarily due to a 32% jump in May. Canada Goose Holdings Inc. (NYSE:GOOS)'s stock soared after the firm's fiscal fourth-quarter revenue and earnings beat analyst estimates by a wide margin. During the quarter, the firm reported C$0.33 in adjusted earnings to top analyst estimates of C$0.23 and C$384 million in revenue to beat C$356.4 million in estimates. The stock caught Cramer's attention as its shares rose. Here's what he said: 'That's good. They've been, terrific. Dani Reiss's a terrific guy. That's been a very tough one to won.' A shop window in a city skyline, showcasing the company's luxurious parkas. The recent appearance wasn't the first time Cramer mentioned Canada Goose Holdings Inc. (NYSE:GOOS) in his show. Last year in May, after a strong earnings report, the CNBC TV host advised viewers against buying the shares. Since then, Canada Goose Holdings Inc. (NYSE:GOOS)'s stock has lost 5.9% despite the major gains earlier this month. Here's what Cramer had said in May 2024: 'I'm going to tell you — I'm going to put my trading hat on. When I see a company report that kind of number — that good — and it doesn't go up, I say 'ain't nothing going to get this thing going. Let's stay away.' Overall, GOOS ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GOOS, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Canada Goose Expects Only ‘Minimal Impact' From Tariffs — and Stock Jumps
Canada Goose is not particularly concerned about tariffs — and Wall Street responded, driving the company's stock up on Wednesday after it reported strong fourth-quarter and year-end results. The stock traded up 19.6 percent to close at $10.67 on the New York Stock Exchange. The Canadian outerwear brand said net income attributable to shareholders in the fourth quarter ended March 30 soared to $27.1 million, or 28 cents a share, from $5 million, or 5 cents a share, in the prior-year period. Sales rose 7 percent to $384.6 million from $358 million the year before. All figures are in Canadian dollars. More from WWD Nike Returns to Amazon with Strategic Price Hikes How Leaders Tackle Tariffs, Supply Chain Costs and Geopolitical Uncertainty Amer Sports Raises 2025 Guidance, Tariffs Not Major Concern The direct-to-consumer category significantly outperformed wholesale in the period with DTC sales increasing 15.7 percent to $314.1 million from $271.5 million, while wholesale revenue dropped 23.2 percent to $31.8 million from $45.1 million, primarily due to lower sales in Europe and delayed shipments, the company said. In an analyst call Wednesday morning, Dani Reiss, chairman and chief executive officer, said that the 'vast majority' of its products are made in Canada and are not impacted by the tariffs on imports into the U.S. Elizabeth Danaher Clymer, president of finance, strategy, administration and operations, said 75 percent of all products are made in Canada and currently exempt from tariffs into the U.S. while the remaining 25 percent are produced in Europe, 'but they will have minimal financial impact.' Even so, the company declined to provide a projection for fiscal 2026. Neil Bowden, chief financial officer, pointed to the 'very turbulent period' of the past several months that has given rise to 'material changes in the global trading environment. With changes occurring frequently and with limited line of sight to the impact of these changes on the economy and consumer health, at this time, we do not believe it is prudent to provide a financial outlook for the year.' Turning to product performance, Carrie Baker, president of brand and commercial, said apparel was the fastest-growing category in both the fourth quarter and year. That includes pieces other than outerwear such as sweatshirts, sweatpants, sweaters and Ts. She singled out a few standout performers in the period including the Snow Goose line, which benefited from a successful marketing campaign, and the Sea Mantra collection, which is the company's 'most technically advanced range jackets yet,' she said. Regarding the company's retail business, Reiss said its DTC channels 'showed positive momentum' from a very strong December, delivering 7 percent DTC comparable sales growth for the quarter. 'We took significant steps to become a better retailer in order to drive higher sales productivity in our stores,' he said. 'Our focus on enhancing store staffing, inventory position and the in-store experience contributed to higher conversion rates in comparable stores for the year. We evolved our marketing and brand strategy delivering impactful brand moments during our Snow Goose campaign, which now serves as the blueprint for future campaigns. And we successfully managed our inventory, which is now down year-over-year for six consecutive quarters resulting in cleaner inventory across all channels and paving the way for a much more product newness in the coming years.' DTC comps were even better in North America, where sales rose 17 percent in the fourth quarter, outperforming Europe and Asia, Baker said. But the online launch of the company's eyewear in February gave a boost to digital sales globally. Reiss said that in fiscal 2026, Canada Goose will seek to build 'brand heat through focused marketing investments,' which have already proven that they can improve sales, launch new products and strengthen seasonal collections to connect with customers. Baker said the plan is to increase marketing spend as a percentage of revenue going forward. 'What we saw in fiscal 2025 is clear: when we make bold moves that spark attention, search and sales follow,' she said, adding that 'high-profile campaigns, exclusive products and impactful storytelling' are all in the cards. Part of that messaging will undoubtedly focus on the planned expansion of products that can be worn year-round. Baker said the plan is to nearly double the mix of updated and new styles to tempt consumers to shop Canada Goose more often. Part of that will be fueled by Haider Ackermann's designs. The designer was named Canada Goose's first creative director last year, a position he continues to hold even though he subsequently was named creative director of the Tom Ford women's and men's fashion brand. 'Starting in spring/summer 2026, Haider Ackermann's creative vision will extend across both Snow Goose and our mainline collections,' Baker said. 'To bring this to life, we're making meaningful investments to accelerate progress starting with our product creation teams by better connecting design, development, sourcing and merchandising through a more integrated and collaborative process, and we're already seeing faster speed-to-market.' The company will also selectively expand its retail footprint, renovate existing locations and work to improve its wholesale business, Reiss said. For the year, net income attributable to shareholders jumped to $94.8 million from $58.4 million in the fiscal year ended March 31, 2024. Sales for the year rose to $1.35 billion from $1.33 billion in fiscal 2024. DTC sales in the year grew 5.1 percent to just under $1 billion but wholesale revenue fell 16.5 percent. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Canada Goose sees strong Q4 FY25 with DTC comparable sales growth
Luxury performance outerwear and clothing retailer Canada Goose has reported that fourth quarter (Q4) 2025 total revenue rose 7.4% - 4% on a constant currency basis - to C$384.6m ($277.2m). Direct-to-consumer (DTC) revenue climbed 15.7% to reach C$314.1m. When adjusted for currency fluctuations, the increase stood at 11.6%. This growth was attributed to a 6.8% expansion in comparable DTC sales and contributions from new stores that have not been open long enough to be included in comparable metrics. Wholesale revenue saw a downturn, dropping 23.2% to C$31.8m. Accounting for constant currency conditions, the decline was slightly steeper at 24.9%. The primary factors behind this decrease were identified as a deliberately reduced volume of orders in the Europe, Middle East and Africa (EMEA) region and shifts in the timing of product shipments. The company's gross profit for the quarter surged 17.8% to reach C$274.4m, with gross margin significantly increasing to 71.3%. Operating income for the quarter was reported to be C$55.1m, a considerable rise from C$23.1m in the corresponding period of the previous year, while net income attributable to shareholders increased to C$27.1m or C$0.28 per diluted share from C$5.0m or C$0.05 per diluted share. Canada Goose chairman and CEO Dani Reiss stated: 'Our strong Q4 results show the kind of impact Canada Goose can make when our brand connects and our strategy hits the mark. 'We saw solid DTC comparable sales growth, fuelled by compelling storytelling, sharp retail execution and continued momentum around our Snow Goose capsule. As we close out fiscal 2025, we are making clear strides across our key priorities – enhancing retail execution, elevating our brand and product offering, and delivering it all efficiently.' Total revenue for FY25 amounted to C$1.35bn - a 1.1% increase. The company's DTC segment saw revenue rise 5.1% to reach C$998.9m, which represents 2.6% growth on a constant currency basis, despite DTC comparable sales experiencing a 3.6% decline. Wholesale revenue witnessed a downturn of 16.5%, or 18% when evaluated on a constant currency basis. Gross profit for Canada Goose showed an upward trend of 2.8%, totalling C$943.1m in FY25 in comparison to the same period of the previous year. The gross margin also improved, climbing to 69.9% from the previous fiscal year's 68.8%. Net income attributable to shareholders of Canada Goose rose to C$94.8m, equating to $0.97 per diluted share, in contrast to the net income of C$58.4m or C$0.57 per diluted share recorded in the previous year. Given prevailing economic uncertainties and volatile consumer spending behaviours influenced by an unpredictable global trade climate, Canada Goose has decided against providing a financial forecast for fiscal 2026. 'The success we saw in fiscal 2025 sets a strong foundation for where we are headed. 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. These priorities are focused, proven, and designed to keep driving long-term growth,' Reiss added. "Canada Goose sees strong Q4 FY25 with DTC comparable sales growth" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
22-05-2025
- Business
- Time of India
Luxury retailer Canada Goose withholds annual forecast on tariff uncertainty
HighlightsCanada Goose withheld its fiscal 2026 forecast due to uncertainties related to tariff policies, while experiencing a 22% increase in shares driven by strong winter season sales. Revenue from Greater China surged by 63.1%, contributing significantly to Canada Goose's total revenue, with the region accounting for 31.7% of the overall earnings. The company's quarterly revenue reached C$384.6 million, surpassing analysts' estimates, and Canada Goose reported an adjusted profit of 33 Canadian cents per share, also above expectations. Canada Goose on Wednesday withheld from providing its fiscal 2026 forecast due to tariff-related uncertainty, even as strong winter season sales drove its quarterly revenue, lifting its shares 22% higher. The parka maker joined several other companies in either withholding, cutting or withdrawing expectations for the year following the Trump administration's unpredictable tariff shifts. There are some U.S. tariffs but the majority of the company's products are not under these levies, CEO Dani Reiss told Reuters. Canada-made products are exempt from tariffs under the trade agreement between the country, U.S. and Mexico, while higher tariffs on European-made goods have minimal impact, Chief Operating Officer Beth Clymer said on post-earnings call. Tariff policies sparked a global trade war , rattling businesses and Americans who are bracing for price hikes. Retail behemoth Walmart has already hiked prices on some items. Canada Goose, driven by winter wear, saw strong sales during the key January to March season, partly aided by a Lunar New Year campaign in China, its biggest market that generates 31.7% of its total revenue. Greater China revenue surged 63.1%. In the United States, a marketing campaign with fashion designer Haider Ackermann, which kicked off in November, aided a 15.3% rise in quarterly revenue. The country accounts for 24.3% of total revenue. "Canada Goose has bolstered its brand equity through exciting collections and collaborations and this has improved its ability to engage customers through direct channels that foster stronger loyalty and better insights," said Sky Canaves, an analyst with market research firm eMarketer. Benefits from leaner inventory levels as well as robust growth of 15.7% in the direct-to-consumer channel strengthened its margins. The company posted quarterly revenue of C$384.6 million ($277.15 million), beating analysts' estimates of C$356.4 million, according to data compiled by LSEG. It earned adjusted profit of 33 Canadian cents per share, above estimates of 23 Canadian cents.
Fashion Network
21-05-2025
- Business
- Fashion Network
Canada Goose avoids tariff woes with made-in-Canada supply chain
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. 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 US-Mexico-Canada trade agreement, thereby exempting those goods from US tariffs, executives said. '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. 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. 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. 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.' 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. '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.'
