Canada Goose GTFO...
Canada Goose reported earnings this morning. The numbers were better than estimates, but guidance was sickly and the stock fell 4%. This comes after 14 months of brutal selling that has seen shares drop 55% from its peak in November 2018. Maybe this will mark the bottom. Here’s the numbers:
EPS of C$1.08 beats by C$0.01
Revenue of C$452.1M (+13% Y/Y) beats by C$3.92M.
(Here’s the full report.)
$GOOS suggested that sales might drop because of the coronavirus. We call bull hockey!
Maybe people are simply coming to the realization that they don't need to fork over $1200 for a jacket designed to keep you warm in Antarctica so you can get the coveted patch.
Here’s a poll for those readers who might wear the coat. Please choose one:
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I make frequent trips to the Arctic Circle.
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I go skiing 20+ times a year.
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I am trying to get laid, what is snow?
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I pay the minimum balance on my credit cards in perpetuity.
Anyway, here’s a screengrab of the Sherriden Parka Black Label for $1200. GTFO...
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