Good Days Are Running Out: Loss Or Significant Expansion Of Canadian Goose Quarter Results Will Be Announced.

APP, one of Canada's top retail brands, will announce its first quarter results in 2020 before the 14 US Stock Exchange on August 2019, according to Zhitong finance and economics, APP.

According to Wall Street estimates, canadian goose Q1 revenue will increase, but profits will decline year by year. Zacks also expects revenue of $37 million 790 thousand, an increase of 9.1% over the previous year, and a loss of $0.17 per share, down 41.7% from the same period last year.

At the end of May this year, the fourth quarter results of the Canadian geese announced in the 2019 fiscal year showed that the quarterly revenue was not expected to reach the market for the first time since it was listed in March 2017, and the mid-term performance target was also worse than Wall Street analysts' expectations. The slowdown in early warning made its stock price drop over 30% to $33.89 on the day of the release of the financial report, the biggest single day drop since the market.

Canadian geese earned 156 million 200 thousand Canadian dollars in the quarter, less than 158 million 900 thousand Canadian dollars in the market forecast, and the growth rate of 25.1% also hit a new low in the fourth quarter of fiscal 2017. In the same period of 2018 fiscal year, the group gained 144.3% explosive growth under the help of stores and online expansion.

The medium-term goal of Canada goose renewal is expected to earn an average annual growth rate of more than 20% in the next three years, less than 28% of market expectations, and an average annual growth of 25%+ of adjusted EPS is also less than 29% of market expectations, and the first quarter of fiscal year 2020 will be significantly expanded due to the expansion of investment and retail sales in China.

The key strategy for Canada geese in 2020 and beyond is to drive sales growth. The company's focus is on increasing international sales and global penetration. At present, the company's products have been sold in 49 countries, with products covering 12 e-commerce platforms and 11 direct outlets throughout the country.

The global expansion of Canada goose promoted sales in 2019. In 2019, its sales in the United States increased by 36.3%, while sales in other parts of the world increased by 60.5%. However, analysts say Canada geese are too optimistic about the growth potential of Greater China and believe that greater China is the world's largest luxury market.

The company hopes to strengthen the brand affinity between the existing and potential customers, which will help bring loyal customers and promote repeat purchase. The company aims to strengthen the wholesale network to ensure that the product reaches the target audience.

This growth has led to a surge in capital expenditure. Canadian geese increased 1000 manufacturing workers in 2019 and opened manufacturing plants in Montreal and Winnipeg. In 2019, sales of Canadian geese increased by 40.6%, and capital expenditure increased by 16%.

In its July 31st Research Report, Zacks upgraded the rating of Canadian geese from "holding" to "buying" and set a target price of $51 for the company.

It is worth noting that in August 12th the latest news, Canada goose announced that the chief product officer Lee Turlington will leave the company at the end of the year, and Woody Blackford will join the company in the fall as executive vice president, design and sales. Blackford will be responsible for the global design and sales organization, and will continue to focus on category expansion and innovation. Changes in the company's top level are also expected to have a certain impact on the company's share price.

As of 21:00 Beijing time, Canadian geese stock market fell 1.33% before reporting $41.5.