Canada Goose Holdings’ fiscal fourth quarter revenue fell short of analysts’ expectations, leading to the company’s shares falling -22% Wednesday.
While the outdoor clothing maker’s revenue surged +25% year-over-year to C$156.2 million in the quarter, it still missed analysts' estimates of C$156.8 million.
However, adjusted earnings of 9 Canadian cents a share surpassed analysts' estimates of 6 Canadian cents.
For the full year, total revenue climbed +40.5% to C$830.5 million. Net income came in at C$143.6 million for the year, compared with the preceding year’s C$96.1 million. According to Canada Goose, higher operating income and a lower effective tax rate contributed to the net income growth.
Looking ahead into fiscal 2020, Canada Goose Holdings expects annual revenue growth of at least +20%.
GOOS in upward trend: price may jump up because it broke its lower Bollinger Band on September 05, 2024
GOOS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 48 cases where GOOS's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
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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 6.68B. 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 -3%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 5%. GIII experienced the highest price growth at 16%, while SKFG experienced the biggest fall at -29%.
Volume
The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -28% and the average quarterly volume growth was -19%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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