The U.S.-listed shares of Canada Goose Holdings Inc.
GOOS,
-0.74%
shot up 12.5% toward a 3 1/2-month high in premarket trading Thursday, after the Toronto-based luxury outdoor apparel maker beat fiscal fourth-quarter profit and revenue expectations by a wide margin, while providing a current-quarter outlook thatwas below forecasts. The net loss for the quarter to April 2 narrowed to CAD$10.0 million ($7.4 million), or 3 cents a share, from CAD$9.1 million, or 9 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to CAD14 cents from CAD4 cents and beat the FactSet consensus of CAD7 cents. Revenue grew 31.4% to CAD$293.2 million ($217.7 million), well above the FactSet consensus of CAD$258.5 million. The company said revenue results were “strong” in Greater China and the Europe, Middle East and Africa (EMEA) region, and said North America results have been “encouraging” to start fiscal 2024. Looking ahead, the company expects a fiscal first-quarter adjusted per-share loss of CAD89 cents to CAD82 cents, compared with the FactSet loss consensus of CAD68 cents. For fiscal 2024, the company expected adjusted EPS of CAD$1.20 to CAD$1.48, which surrounds the FactSet consensus of CAD$1.38, and expects revenue of CAD$1.4 billion to CAD$1.5 billion, which is above expectations of CAD$1.33 billion. The stock has run up 14.8% year to date through Wednesday, while the S&P 500
SPX,
+1.30%
has gained 8.3%.
