Winter clothing manufacturer’s 2Q results
- Canada Goose 2Q profit rises to C$3.9 million
- Revenue growth misses expectations
- Adjusted earnings were C$0.16 a share
- Direct-to-customer sales rose 15%
- Wholesale revenue fell 10%
- Asia Pacific saw the largest increase in revenue, rising 13%
- North America revenue fell by 7%
Canada Goose Holdings reported higher profit in its second fiscal quarter, while revenue growth missed expectations. The Canadian winter clothing manufacturer posted net income of C$3.9 million, or C$0.04 a share, up from C$3.3 million, or C$0.03 a share, in the comparable quarter a year ago. Adjusted earnings were C$0.16 a share. Sales rose to C$281.1 million from C$277.2 million, but missed analyst expectations of a rise to C$286.6 million. Direct-to-customer sales rose 15% to C$109.4 million, thanks to growth of in-store sales, while wholesale revenue fell 10% due to a planned streamlining of its wholesale relationships. Regionally, Asia Pacific saw the largest increase in revenue, rising 13% in the quarter, while the EMEA region’s revenue rose 6%. In North America, revenue fell by 7%, which the company said was largely due to a decline in wholesale revenue.
Factuality Level: 8
Factuality Justification: The article provides specific financial figures and compares them to analyst expectations. It also includes information about the company’s sales performance in different regions. However, it does not provide any additional context or analysis.
Noise Level: 3
Noise Justification: The article provides clear and concise information about Canada Goose Holdings’ financial performance in its second fiscal quarter. It includes details about net income, adjusted earnings, and sales figures. However, it lacks analysis or insights into the reasons behind the missed revenue expectations or the decline in wholesale revenue. It also does not provide any information on the company’s long-term trends or antifragility.
Financial Relevance: Yes
Financial Markets Impacted: Canada Goose Holdings
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Canada Goose Holdings, a winter clothing manufacturer. It provides information about the company’s higher profit in the second fiscal quarter, but revenue growth missed expectations. There is no mention of any extreme event or its impact.
Public Companies: Canada Goose Holdings (N/A)
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