Canada Goose (GOOS, $48.31) beats Q2 exoectations
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.
GOOS sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for GOOS moved above the 200-day moving average on June 21, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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Notable companies
The most notable companies in this group are Nike (NYSE:NKE), Skechers USA (NYSE:SKX), VF Corp (NYSE:VFC), G-III Apparel Group Ltd (NASDAQ:GIII), Canada Goose Holdings (NYSE:GOOS), Lakeland Industries (NASDAQ:LAKE).
Industry description
Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.
Market Cap
The average market capitalization across the Apparel/Footwear Industry is 6.29B. The market cap for tickers in the group ranges from 1.66K to 140.24B. NKE holds the highest valuation in this group at 140.24B. The lowest valued company is SQBGQ at 1.66K.
High and low price notable news
The average weekly price growth across all stocks in the Apparel/Footwear Industry was 2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 3%. TALN experienced the highest price growth at 59%, while DLAPQ experienced the biggest fall at -57%.
Volume
The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -9%. For the same stocks of the Industry, the average monthly volume growth was 21% and the average quarterly volume growth was 5%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 49
P/E Growth Rating: 55
Price Growth Rating: 60
SMR Rating: 64
Profit Risk Rating: 80
Seasonality Score: -4 (-100 ... +100)