Canada Geese Listed The First Quarterly Revenue Increased By 22%

According to the world clothing shoes and hats net, Canada is senior.

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Holdings Inc. (TSE:GOOS; NYSE:GOOS) the First Quarterly Bulletin released by canadian goose today since the March 16th listing shows that revenues, profits and prospects are better.

It is expected that Canada Goose Holdings Inc. (NYSE:GOOS) will rise at a historical high of 12.5% to 21.05 dollars after opening 11.3%.

In the fourth quarter of 2017 fiscal year ending March 31st, Canada Goose Holdings Inc. achieved a total revenue of 51 million 100 thousand yuan, 63.5% higher than the 31 million 250 thousand Reuters of Thomson Reuters I/B/E/S, an increase of 21.9% over the previous year, and a fixed exchange rate increase of 27%.

Although spring is not the traditional peak season for Canada Goose of the winter brand, it has doubled its growth in both wholesale and retail sales. It has directly faced consumers (DTC), including e-commerce and self retailing stores. The revenue of the channel has surged 174.4% to 36 million 500 thousand Canadian dollars per year, and wholesale income has also risen 95.9% to 28 million 600 thousand Canadian dollars.

However, the group not only failed to make profits, but also increased net losses due to the rise in listing fees (15 million 200 thousand Canadian dollars) and other expenses, from 9 million 200 thousand Canadian dollars in the same period last year to 23 million 430 thousand Canadian dollars, and EPS rose from -0.09 Canadian dollar to -0.23 Canadian dollar.

The adjusted EPS increased from -0.08 Canadian dollar to -0.15 Canadian dollar in the same period last year, but the combined expectation of Thomson Reuters I/B/E/S is lower than that of -0.19 plus and FactSet.

Thanks to a two fold increase in gross profit from DTC, gross margin increased by 950 basis points to 54.4%, compared with 44.9% in the same period last year.

In the 2017 fiscal year, group revenues totaled $403 million 800 thousand, up 38.8% from the $290 million 800 thousand in fiscal 2016, and the fixed exchange rate rose by 41.6%.

Wholesale income rose by 11.9% to 288 million 500 thousand Canadian dollars per year, while the DTC channel increased revenue by 2.5 times to $115 million 200 thousand during the year, driven by the first two flagship stores in Toronto and New York.

Net profit of 21 million 600 thousand Canadian dollars was 18.5% year-on-year, and EPS declined from 0.26 yuan to 0.21 Canadian dollars.

The adjusted EBITDA increased by 49.2% to 81 million Canadian dollars per year, and adjusted EPS to 0.30 Canadian dollars in the previous year to 0.43 Canadian dollars.

As of March 31st, the group's cash and cash equivalents amounted to 9 million 700 thousand Canadian dollars, an increase of 34.7% over the same period last year of 7 million 200 thousand Canadian dollars.

Inventories rose 5% to 125 million 500 thousand Canadian dollars.

Dani Reiss, President and chief executive officer of Canada Goose Holdings Inc., revealed in the earnings report that the performance of the two flagship stores was far beyond expectations, and the strongest spring series ever established Canada Goose as the "three quarter brand" positioning.

At present, the management expects that the revenue growth in the current fiscal year 2018 will be between 15%-19%, which means that the revenue will be 4.644-4.805 billion yuan, the market is expected to be 466 million 600 thousand Canadian dollars, and the adjusted EPS is expected to grow by about 20%.

RBC Capital Markets LLC plus King capital market analyst Brian Tunick after Canada Goose Holdings Inc.'s earnings report pointed out that the group's strong revenue growth has proved to investors the brash strength of its brand in today's particularly difficult retail environment.

Tang Xiaotang, founder of No Agency, a fashion research and consulting firm, said that the US stock market performance was relatively weak in the past year, which made Wall Street cautious about its prospects.

However, he said that Canada Company is still in an obvious period of rising, even if the product is single, its growth momentum will not be too great in the medium term.

The agency's target price for Canada Goose Holdings Inc. is US $40.

In order to reduce its dependence on core down products, the brand has introduced lighter feather and windproof and rainproof coats in the spring series, and will also introduce knitting products in the coming autumn series.

Moncler SpA (MONC.MI), the largest competitor that has already been listed as early as the end of 2013, has successfully developed T-shirts, POLO and other popular summer wear products and accessories such as bags, shoes and sun glasses in recent years, and even launched a series of beach products.

Late Canada Goose Holdings Inc. (NYSE:GOOS) hit a new high of $21.69, extending the cumulative increase since listing to close to 70%.

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