Why Canada Goose (GOOS) Shares Are Surging Today - Canada Goose Hldgs (NYSE:GOOS)

Canada Goose Holdings Inc GOOS reported fourth-quarter FY23 sales growth of 31.4% year-on-year to C$293.2 million.
DTC revenue grew 22.6% Y/Y, and wholesale revenue increased 30.4%.
Gross profit rose 23.5% Y/Y to C$190.3 million with a profit margin of 64.9%.
The operating income for the quarter was C$17.2 million versus C$0.9 million. The operating margin expanded 550 basis points to 5.9%.
The company held C$286.5 million in cash and equivalents as of April 2, 2023.
Adjusted EBIT for the quarter increased 122.6% to C$27.6 million. The adjusted EBIT margin was 9.4%.
Non-IFRS adjusted EPS was C$0.14 versus C$0.04 last year.
Inventory was C$472.6 million as of April 2, 2023, compared to C$393.3 million as of April 3, 2022.
Outlook: Canada Goose sees FY24 revenue of C$1.4 billion – C$1.5 billion. Non-IFRS adjusted EPS of C$1.20 - C$1.48.
For Q1, it sees revenue of C$70 million - C$80 million. Non-IFRS adjusted EPS of C$(0.89) - C$(0.82).
Price Action: GOOS shares traded higher by 11.15% at $22.72 in premarket on the last check Thursday.

Why Canada Goose Shares Are Surging Today