Today was a great day for Canadian outerwear giant Canada Goose (TSE:GOOS) (NYSE:GOOS), who posted earnings and made a critical roster move. Not only did things come out better than expected, but they’ve got a great outlook going forward as well. This combination of factors sent shares on a thermal into the lower troposphere, up over 17% in Thursday morning’s trading.
The earnings report Canada Goose posted was nothing short of a slam dunk. Its fourth quarter featured a sharp jump in revenue, up to $358 million against the $293.2 million taken in in the fourth quarter of last year. Earnings per share also turned up a win, coming in at $0.19 against just $0.13 per diluted share in the fourth quarter last year.
Revenue was up a whopping 22%, and the outlook for the 2025 fiscal year is looking noteworthy. It looks for low-single-digit growth in a year-over-year comparison to right now, which isn’t exactly the best, but it beats several alternatives. Adjusted net income will also grow by an even wider margin, coming in at a “mid-teen percentage” against the previous year.
Canada Goose Hires Creative Director
If Canada Goose hopes to make that growth happen, it’s going to have to keep getting customers in the doors, whether on the website or in the physical stores. To do that, the company will need new products and promotions, and in aid of that, it’s hired its first-ever creative director, Haider Ackermann.
Ackermann, a Franco-Columbian designer, just released his first new project, a hoodie that supports Polar Bears International and will be available in limited quantities. That should help draw interest and hopefully keep customers coming back to get ready for the colder weather that is, as ever, a few months away.
Is Canada Goose a Good Stock to Buy?
Turning to Wall Street, analysts have a Hold consensus rating on GOOS stock based on two Holds assigned in the past three months, as indicated by the graphic below. After a 34.45% loss in its share price over the past year, the average GOOS price target of C$21.45 per share implies 19.18% upside potential.
