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%.