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Canada Goose Farms (New York Stock Exchange: GOOS) issued new guidance Tuesday ahead of management presentations later at the Investor Day event.
CEO Update: “Our products are iconic, our style is enduring, and our brand has never been stronger. Looking ahead, we see incredible opportunity to continue the trajectory of revenue growth we have experienced since the time of our initial public offering and deliver ever-increasing rates of return.”
The retailer said it is confident in its long-term financial plan by executing on three strategic growth pillars: accelerating consumer-focused growth, building the DTC network, and creating new categories and expanding existing ones rapidly.
Looking forward, Canada Goose (GOOS) expects to achieve in fiscal year 28 revenue of $3 billion representing a CAGR of approximately 20%. Growth is expected to be driven by accelerating consumer-focused growth initiatives, building out the DTC network, and creating new and faster expansion of existing categories, as described above. Across all geographies, the company’s strategy is focused on continuing on the luxury trajectory with growth that moves regional revenue as a percentage of total toward an even split between North America, EMEA, and Asia-Pacific.
Canada Goose (GOOS) GOOS is also targeting an adjusted EBIT margin rate of 30%. Guidance is based on the GOOS ability to achieve and maintain a DTC gross margin in the mid-70% range and a wholesale gross margin in the mid-high 40% range with heavy, light and other product categories representing about 50%. , 25% and 25% of revenue, respectively, in FY28.
Canada Goose (GOOS) share rose 0.52% before commercialization
Canada Goose (GOOS) was included in Seeking Alpha’s Catalyst Watch this week.
