Canada Goose up 2% after recording 50% sales growth
Canada Goose 2% after recording 50% sales growth
Feb. 14, 2019 7:20 AM ET|About: Canada Goose Holdings (GOOS)|By: Clark Schultz, SA News Editor
Canada Goose (NYSE:GOOS) is up 2.22% premarket after topping sales, EPS and EBITDA estimates with its FQ3 report.
Source: Seeking Alpha
Revenue rose 50% to C$399M during the quarter and adjusted EBITDA rose 60% to C$151M. Gross margin improved to 64.4% vs. 63.6% a year ago. A higher percentage of direct to consumer sales contributed to the margin lift.
Looking ahead, Canada Goose sees 2019 revenue growth at a mid-to-high thirties rate and EPS growth at a mid-to-high forties rate.
Previously: Canada Goose Holdings beats by $0.36, beats on revenue (Feb. 14)