Shares of NYSE GOOS opened at $18.83 on Thursday. Winter is coming and Canada Goose is ready. EPS of C$1.31 to C$1.62 vs. prior C$1.60 to C$1.90, Canada Goose now sees FY23 revenue of C$1.2 bln to C$1.3 bln vs. prior guidance of C$1.3 bln to C$1.4 bln, Canada Goose lowers guidance to reflect China COVID restrictions, macro background, Canada Goose Q2 revenue C$277.2 mln vs. C$232.9 mln a year ago; FactSet consensus C$271.0 mln, Canada Goose targets C$3 billion in revenue in five years, to expand categories and geographic reach, Canada Goose Sees Sales Growing to C$3B in Five Years, Canada Goose plans to double its retail stores, create new and expand existing categories, Canada Goose sets five-year target for $3 bln in revenue, Toronto Stocks Inch Forward; Canada Goose Tumbles on 3Q Miss, Lower FY Expectations, Canada Goose Drops on 3Q Revenue Miss, FY23 Downgraded Expectations, Apparel maker Canada Goose Holdings stock moves down on lower profit and guidance, Canada Goose Downgrades Fiscal 2023 Expectations, Canada Goose Profit Declines in 3Q as Chinese Pandemic Restrictions Hit Revenue, Toronto Stocks Edge Higher, Imperial Oil Rises on 4Q Profit and Cash Flow, Canada Goose launches new platform to allow customers resell second-hand items, Canada Goose launches new platform for reselling its products second hand, China suspends access to zone around iPhone facility after workers flee COVID restrictions, Canada Goose beats on earnings but trims outlook, Benzinga's Top Ratings Upgrades, Downgrades For February 17, 2023, Analysts Conflicted on These Consumer Goods Names: Canada Goose Holdings (GOOS) and Celsius Holdings (CELH), Analysts Opinions Are Mixed on These Consumer Goods Stocks: Stellantis (STLA), OneWater Marine (ONEW) and Canada Goose Holdings (GOOS). Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. What is this stock worth in intrinsic value? If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. JHVEPhoto/iStock Editorial via Getty Images. You can also visit g.co/privacytools at any time. Is There a Silver Lining to Capri Holdings Earnings Sell-Off? Is this happening to you frequently? For subscribers only. This close interaction helped Canada Goose realize the huge potential of its non-parka categories in the domestic market. If you would like to customise your choices, click 'Manage privacy settings'. All quotes are in local exchange time. Market Cap: 2.041B: Beta (5Y Monthly . A paid subscription is required for full access. The company is known for producing premium, high-performance outerwear using the best materials and technology. Takes you to an interactive chart which cannot interact. TORONTO-- ( BUSINESS WIRE )--Canada Goose Holdings Inc. (the "Company" or "Canada Goose") (NYSE:GOOS, TSX:GOOS) today announced that the . But tensions have been rising between the US and China in recent years over a variety of issues, including trade, technology, and human rights. Canada Goose shares soared on their first day on the stock market. A high borrowing rate environment might potentially hurt Canada Goose's chances of being acquired. 1. Market Cap Revenue; Retail/Wholesale: Retail - Apparel & Shoes: $1.989B: $0.876B: Canada Goose is a global outerwear brand. Past performance is no guarantee of future results. In, Canada Goose. May 19, 2022. Yet these fashion names account for only a small portion of the China market, worth around $18 billion (118.6 billion RMB) in 2020. Revenue from wholesale was cut almost in half, representing about 61% of sales, down from 75% a year earlier, as it focuses more on direct-to-consumer sales. Its stock market value is now roughly $3.5 billion. Profit from the additional features of your individual account. Canada Goose Holdings Inc. on Thursday cut its full-year guidance following lower-than-expected retail growth in Asia and Europe after being hit by the unanticipated severity of the Omicron wave. For years, the outerwear brand has fostered relationships within the film industry in a ways we can't seeat least not directly. Are you interested in testing our business solutions? urging Chinese companies to use the scandal as an opportunity to increase market share. Are you interested in testing our business solutions? The head of Canada Goose Holdings Inc. is addressing head-on allegations of labour unrest at some of the company's Canadian factories while the luxury parka maker moves into new markets, expands . GOOS stock opened at $18.83 on Thursday. Available: https://www.statista.com/statistics/808254/revenue-canada-goose-clothing-by-region/, Canada Goose's annual revenue in FY 2022, by region, Value of winter wear market in India 2014-2024, Value of winter wear market in India 2014-2024 by segment, Global outerwear goods market value in 2018, by product segment, Leading woolen and worsted apparel companies in India 2022, by net sales, Popular winter underclothing in Japan 2019, Safilo Group: total assets from 2012-2021, Sales of plastic apparels and clothing in Europe 2016, Footwear market volume in Russia 2027-2021, Underwear sales turnover change in the Netherlands 2013-2018, Number of stores of the Ascena Retail Group worldwide 2019, by brand, Canada Goose's annual revenue in FY 2022, by region (in million Canadian dollars), Find your information in our database containing over 20,000 reports, wholesale and direct to consumer channels, luxury apparel sales are expected to reach approximately 2.42 billion Canadian dollars by 2023 in Canada. Revenue breakdown by channel (Company's filing). Chart. CAD. In the Morningstar Style Box, large-cap names account for the Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to Use Ask Statista Research Service, Net revenue of lululemon worldwide 2012-2021, by region, Monthly retail e-commerce sales value in Canada 2016-2022, Apparel e-commerce sales in Canada 2014-2025, Fashion as share of total e-retail sales in Canada 2017-2025. Canada Goose's new film depicts the outdoor exploits of five adventurers. Copyright 2023 MarketWatch, Inc. All rights reserved. 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But as lawns have proliferated, more and more of these grassland-adapted birds are staying put in urban and suburban areas year-round, where some people regard them . That figure includes direct-to . Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. Canada Goose has its eye set on global domination. The company's stock performance has also been inconsistent; shares bottomed out at $12.94 in late March 2020, but have since increased by almost 200% before recently falling once more to $19.4. Style is calculated by combining value and growth scores, which are first individually calculated. Target market analysis: Canada Goose has a very particular target market, to better understand who the brand advertises for, I will go over all the market segmentation factors. MarketBeat recorded 13 mentions for Canada Goose and 9 mentions for Spin Master. The stock had plunged more than 17 per cent after . All leading brands are continuing to expand aggressively in this sector and this represents increasing challenges for Canada Goose within this market. Canada Goose opens its first two flagship stores, located in Toronto and New York City. Create a list of the investments you want to track. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Access to this and all other statistics on 80,000 topics from, Show sources information against its industry peers and the overall market. Canada Goose has stated that it is committed to growing its market share in China. Canada Goose Launches Share Repurchase Program Nov 18 2022; Canada Goose Makes Donation to United Nations in Support of Ukrainian Refugees Nov 17 2022; This, coupled with its niche market position, makes the brand an attractive acquisition target for private equity firms or luxury conglomerates. Leveraged buyout (LBO) activity is less appealing to private equity companies when interest rates are high because borrowing money is more expensive. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. To use individual functions (e.g., mark statistics as favourites, set Gear advertisements and other marketing efforts towards your interests. . I believe that Canada, Goose have perfectly identified their target market, the only way they could attract a wider. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GOOS over the next 72 hours. Style is an investment factor that has a meaningful impact on investment risk and returns. If you would like to customise your choices, click 'Manage privacy settings'. So, without further ado, let's take a closer look at the top 12 competitors of Canada Goose. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. In Fiscal 2028, Canada Goose expects DTC revenue to reach about 2.4 billion Canadian dollars ($1.78 billion), or 80 percent of total revenue, "up from the high 60s expected in Fiscal '23," Sinclair said. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The high-end outerwear brand, which has become . I am not receiving compensation for it (other than from Seeking Alpha). All values USD Thousands. The private equity firm helped guide Canada Goose to an IPO in 2017, at which point the Toronto-based company was worth more than $1.5 billion. What In The World Is Going On With Canada Goose Stock? authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Canada Goose is a designer . that "most of the agents are Chinese and cannot even speak proper English.". As a subscriber, you have 10 gift articles to give each month. These strengths not only help it to protect the market share in existing markets but also help in penetrating new markets.