Canada Goose (GOOS) Reports Q4 EPS of C$0.01

Canada Goose (NYSE: GOOS) reported Q4 EPS of Cdn$0.01, versus (Cdn$0.12) reported last year. Revenue for the quarter came in at Cdn$208.8 million, versus Cdn$140.9 million reported last year.

Outlook:

Based on existing economic and operating conditions, the Company currently expects total revenue to exceed $1Bn in fiscal 2022. This is based on the following assumptions:

• Annual DTC revenue approaching 70% of total revenue, with continued distribution expansion in-line with historical levels. Annual Wholesale revenue in-line with fiscal 2021.
• Total revenue in Q1 fiscal 2022 is assumed to be less than double the $26.1m of total revenue from Q1 fiscal 2021.

The outlook above constitutes forward-looking information within the meaning of applicable securities laws. The purpose of such outlook is to provide a description of management's expectations regarding the Company's financial performance and may not be appropriate for other purposes. Actual results could vary materially as a result of numerous risks and uncertainties, many of which are beyond the Company’s control, including risks and uncertainties relating to retail closures as a result of COVID-19 restrictions, retail traffic and global tourism recovery, and changes to consumer shopping behaviour. See “Cautionary Note Regarding Forward-Looking Statements”.

As of the date of this release, 6 of 28 Canada Goose retail stores, representing 21% of the network, are closed.

For earnings history and earnings-related data on Canada Goose (GOOS) click here.

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