Canada Goose beats by C$0.13, beats on revs, guides FY25 EPS above consensus, revenue roughly inline (44.42)
- Reports Q4 EPS of C$0.19, C$0.13better than the C$0.06 FactSet consensus estimate; revenue increased 22% to C$358.0 mln vs. the C$316 mln consensus estimate.
- DTC revenue grew 19% to $271.5m, up 21% on a constant currency basis2, driven by strong retail sales in Asia Pacific and North America. DTC comparable sales3 increased 3.5% year-over-year driven by higher e-Commerce sales.
- Wholesale revenue decreased (9)% to $41.4m or (8)% on a constant currency basis2 due to a planned lower order book resulting from fewer orders from existing customers compared to the same period in the prior year and the continued optimization of wholesale relationships as we elevate the quality of our partners in this sales channel.
- FY25 Guidance: Non-IFRS adjusted net income per diluted share to grow by a mid-teen percentage year-over-year. The FactSet Consensus estimate is for EPS growth of approximately 4%. Expects total revenue to grow in the low-single-digits year-over-year, with an approximate 25%/75% distribution split between 1H and 2H of fiscal 2025, respectively, which is relatively consistent with fiscal 2024. The FactSet consensus estimate is for revenue growth of approximately 5%.