Canada Goose Holdings Inc. (GOOS) declined in the current market after announcing its results for the third quarter of fiscal 2022. GOOS values at $28.32, losing more than 17.46% compared to yesterday’s closing price. The stock closed at $34.31 at the end of the last trading session. The stock volume traded in the last trading session was around 1.27 million shares. The current market cap of the company is around CAD 3.8 billion.
GOOS: Q3 2022 Key Financials (Canadian Dollard)
- Canada Goose Holdings Inc. (GOOS) announced revenue of $586.1 million in the third quarter of 2022. In the third quarter of 2021, the revenue was $474 million.
- Canada Goose Holdings Inc. (GOOS) operating income was around $205.9 million. Last year in the same quarter, the operating income was $153.3 million.
- Canada Goose Holdings Inc. (GOOS) net income was around $151.9 million. The company’s net income in the third quarter of 2021 was $107 million.
- GOOS’s diluted earnings per share were around $1.41 in the third quarter of 2022. The diluted EPS in the third quarter was $0.96.
- As of Q3 2022, the company had cash and cash equivalents of $407.6 million.
GOOS CEO’s remarks on the results of the third quarter of 2022
Brand momentum and supply chain stability drove excellent performance in our largest quarter, said the President and CEO Dani Reiss. Our internet business outperformed last year, while retail productivity improved significantly. Despite short and unanticipated COVID-19 interruptions in select countries, we remain confident in our long-term sales and margin growth track.
Conclusion
Canada Goose Holdings Inc. (GOOS) outlook for 2022 seems disrupted. They are expecting revenue of $1.09 billion to $1.105 billion. Previously they estimated fiscal 2022 revenue between $1.125 and $1.175. The decline in the revenue is due to the new coronavirus variants and the disruption of the supply chain.
