What's Going On With Canada Goose Stock Thursday?

Canada Goose Holdings Inc. GOOS stock is moving lower on Thursday. Before the market opened, the clothing company reported fiscal earnings for its 2025 fiscal year first quarter.

The Details: Canada Goose reported sales of CAD$88.1 million ($63.83 million) beating analyst estimates of CAD$87.14 million.

Total revenue consisted of CAD$63.1 million from direct to consumer revenue, CAD$16 million from wholesale revenue and CAD$7.1 million from other revenue. In addition, Canada Goose reported a loss of 80 Canadian cents per share, missing analyst estimates of a loss of 79 Canadian cents per share.

Canada Goose reported an adjusted EBIT loss of CAD$96 million and an operating loss of CAD$96.9 million. The company's gross profit decreased by 5% year-over-year, totaling CAD$52.6 million. Additionally, inventory decreased by 7% year-over-year, amounting to CAD$484.3 million.

The clothing company maintained its guidance for the fiscal year 2025. Canada Goose said revenue is expected to grow slightly year-over-year, with around 25% of the increase coming in the first half of fiscal year 2025 and 75% in the second half, following a similar pattern to fiscal year 2024.

“Canada Goose had a solid start to the year, as our Spring-Summer 2024 collection attracted new and existing customers to shop in our stores and online, contributing to revenue growth in our first quarter, which was especially robust in the Asia Pacific region,” said Dani Reiss, chairman and CEO of Canada Goose.

“I’m encouraged by the early progress we made across our fiscal 2025 key operating imperatives, evolving our brand and product, welcoming our first-ever Creative Director, Haider Ackermann, advancing our retail execution plans, and introducing new ways of working to inspire greater operating discipline and efficiencies across the organization.”

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GOOS Price Action: At the time of writing, Canada Goose stock is trading 3.98% lower at $11.09 per data from Benzinga Pro.

Images: Photo via Shuttershock