Canada Goose (NYSE: GOOS) 3Q19 Results: Revenue and EPS Beat Consensus, Raises FY19 Guidance

Executive Summary

• Canada Goose reported adjusted EPS of C$0.96 for fiscal 3Q19, beating the consensus estimate of C$0.82, and revenue of C$399.3 million, beating the consensus estimate of C$361.0 million.
• Gross margin was 64.4%, up 80 basis points year over year. Gross profit increased from C$169.1 million to C$179.0 million, driven by a higher proportion of sales being direct to consumer.
• Based on the strong results in 3Q19, the company revised its outlook for FY19. The company expects revenue growth in the mid- to high thirties on a percentage basis, adjusted EPS growth of mid- to high forties on a percentage basis.