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The retail sector saw mixed performance in recent weeks, and Canada Goose Holdings Inc. has caught attention. The company, known for its premium outerwear, finished its recent trading session at $10.68, marking a 1.71% rise compared to the previous day. This uptick outpaced the S&P 500’s gain of 1.7%, while the Dow Jones Industrial Average rose 1.26% and the tech-heavy Nasdaq climbed 2.51%.
Despite the recent rise, Canada Goose's stock has seen a 9.01% decline over the past month, underperforming the broader Retail-Wholesale sector, which posted a 4.02% gain during the same period. The S&P 500, for comparison, recorded a 1.27% gain in the same timeframe.
Earnings Outlook for Canada Goose
Looking ahead, market watchers are focusing on Canada Goose Holding (TSX:GOOS)’s upcoming earnings report. The company is expected to post a quarterly loss, with a projected earnings per share (EPS) of -$0.06, a significant 150% decrease from the same quarter last year. Additionally, revenue is expected to come in at $188 million, reflecting a 10.28% drop from the same period last year.
For the full year, forecasts project earnings of $0.83 per share and revenue of $971.12 million, reflecting an increase of 13.7% and a slight decline of 1.54%, respectively, compared to the previous year.
Valuation and Metrics
In terms of valuation, Canada Goose’s Forward Price-to-Earnings (P/E) ratio currently stands at 12.6. This positions the company’s stock at a discount compared to the industry average Forward P/E ratio of 17.56. Additionally, the company's Price/Earnings to Growth (PEG) ratio is at 0.58. The PEG ratio, similar to the P/E ratio but accounting for expected earnings growth, also highlights the company's current standing.
In comparison, the broader Retail - Apparel and Shoes industry, of which Canada Goose is a part, had an average PEG ratio of 1.74 as of the last close. This industry is categorized within the broader Retail-Wholesale sector and holds a Zacks Industry Rank of 89, placing it within the top 36% of over 250 industries tracked.
Market Movements and Trends
Canada Goose’s recent stock movements are being closely observed, particularly as the company continues to navigate evolving business conditions. Though its stock has shown resilience in the broader market context, the company faces challenges, including expected declines in revenue for the upcoming quarter.
