Third Quarter Earnings – Canada Canada Goose Stock – Canada Goose HLDGS (NYSE: Goose)

Canada Goose Holdings Goose Stocks fell Thursday after the company’s third-quarter financial results. This is a key indicator for the quarter.

Third quarter revenue: Canada Goose reported third-quarter revenue of CAD 607.9 million (CAD 429.7 million). According to Benzinga Pro, the company reported adjusted earnings per share of $1.51 in the third quarter.

Revenue fell 2% year-on-year. Direct to consumer revenue rose 0.7% to $517.8 million, while wholesale revenue fell 7.5% to $75.7 million. Inventory inventories totaled $407.4 million at the end of the quarter, down 15% year-on-year.

“Our third-quarter results highlight the power of strong execution during key consumer shopping periods, especially in December, where we saw a significant acceleration in the business.” Dani ReissChairman and CEO.

“Brand dynamics are very strong this quarter, and it’s a global launch of our new Snow Goose Collection integration that drives record media coverage and three years of brand search.”

prospect: Canada Goose expects the low-unit figure to increase to the low-unit figure for revenue growth in fiscal 2025. Direct to consumers comparable sales growth is expected to be flat to the middle single number.

“Despite macro challenges, our retail execution has achieved solid results and looking forward to the future, our focus remains on balancing operational excellence with strategic investments and strengthening will continue to cross brand calories across all our channels,” Reiss said. and the foundation of business dynamics.”

Goose price action: Canadian Goose shares fell 5.64% to $10.07 when published Thursday, according to Benzinga Pro.

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