Canada Goose jumped on Friday, after the apparel company reported an unexpected profit for the second quarter. It also boosted its full-year earnings guidance.
For the fiscal 2022 second quarter ended Sept. 26, the company’s adjusted earnings came in at 12 cents, compared to the -10 cent loss expected by FactSet analyst.
Revenue grew +25% from the year-ago quarter to C$232.9 million, exceeding analysts’ estimate of C$206.1 million.
Looking ahead, Canada Goose projects full-year fiscal 2022 adjusted EPS range of C$1.17 to C$1.33, higher than the analyst consensus of $1.15.
The company is expecting revenue of C$1.13 billion to C$1.18 billion, up from the prior projection of C$1 billion. This is also above =analysts’ prediction of C$1.1 billion.