Canada Goose (GOOS) Reports Q1 Loss of C$0.45/sh, Reiterates Outlook

Canada Goose (NYSE: GOOS) reported Q1 EPS of (Cdn$0.45), versus (Cdn$0.35) reported last year. Revenue for the quarter came in at Cdn$56.3 million, versus Cdn$26.1 million reported last year.

Fiscal 2022 Outlook:

The Company reiterates the fiscal 2022 outlook which was issued on May 13, 2021, in the press release announcing results for fiscal 2021, on the basis of a gradual and progressive improvement in the COVID-19 landscape. For the second quarter of fiscal 2022, this outlook assumes low double digit Wholesale revenue growth, and DTC revenue at roughly one and a half times last year’s level. Within the meaning of applicable securities laws, this outlook constitutes forward looking information and financial outlook. Actual results could vary materially as a result of numerous factors, many of which are beyond the Company’s control. This includes risks and uncertainties relating to retail closures and disruptions to retail traffic as a result of COVID-19. See “Cautionary Note Regarding Forward-Looking Statements”.

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

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