Canada Goose jumps 21% on 'exceptional' quarter, guidance boost
The company said in this morning's earnings release, "Continuing the momentum of the first quarter, the results we delivered in the second quarter are exceptional. With such an outstanding first half of the fiscal year, we are in a strong position ahead of our peak selling season. Our wholesale growth and DTC sales productivity further accelerated, which more than offset strategic growth investments that will carry us into the future, including opening a third manufacturing facility in Winnipeg, the build-out of our Greater China business, and the commercial launch of our DTC channel in that market." For fiscal 2019, Canada Goose now expects annual revenue growth of at least 30%, adjusted EBITDA margin expansion of at least 150 basis points compared to full year fiscal 2018, and annual growth in adjusted net income per diluted share of at least 40%. The stock in early trading is 21%, or $12.11, to $70.69.