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Canada Goose (NYSE: GOOS) 1Q20 Results: Revenue and EPS Beat Estimates, Reiterates Guidance for FY2020

Executive Summary

  • Canada Goose reported adjusted EPS of C$(0.21) for 1Q20, beating the consensus estimate of C$(0.24), and revenue of C$71.1 million, beating the consensus estimate of C$55.1 million.
  • The gross margin was 57.5%, down 650 basis points year over year, reflecting a greater proportion of wholesale revenue.
  • The company reiterated its fiscal 2020 outlook: at least 20% revenue growth and 25% adjusted EPS growth from this year’s C$830.5 million and C$1.36, respectively.

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