Canada Goose Additional Insulation | Reuters

0

Jackets hang in the showroom of the Canada Goose factory in Toronto, Ontario, Canada, February 23, 2018.

TORONTO, Nov. 5 (Reuters Breakingviews) – Canada Goose (GOOS.TO) still has room to fly. The Toronto-based winter jacket company said non-recurring sales revenue rose 40% in the second quarter. The parka maker also raised its outlook for total revenue for fiscal 2022, pushing shares up more than 16% on Friday.

It’s a welcome relief for shareholders: the stock has fallen more than 20% in the past three years, as peer Moncler (MONC.MI) more than doubled and specialty retailer Lululemon Athletica (LULU .O) tripled. Growth was strong in mainland China, where direct income to consumers rose 86%. And the success could continue. Consultant Bain recently said that China’s luxury market is on track to become the world’s largest by 2025.

The company has been the target of anti-fur activist campaigns, has been fined by regulators for false advertising, and is not immune to fads. Still, Canada Goose is trading at just over 4 times the company’s futures value relative to futures sales, compared to other suppliers of Moncler and Lululemon puffer jackets, which are roughly twice as high. This suggests that even with Friday’s rise, its valuation still has a lot of cushion.

Buy A Canada Goose Using Installment Loan?

Installment loans are a popular type of personal loan that can be used for a variety of financial needs. You can also use this if you like to buy a Canada goose. Installment loans are a common way to pay off debt, cover moving expenses, fix up a car or a house, and many other things. Loan amounts can be in the hundreds of dollars, and repayment plans can be predetermined. Learn more about the terms of the no credit check installment loans and apply up to $10,000 are available.

Capital Calls – More Concise Information About Global Finance:

MGM’s woes in Macau spilled over to Hong Kong read more

Peloton loses its form Read more

The side effects of the production of Moderna read more

SocGen’s recovery work becomes more difficult read more

BT puts more fiber in Drahi’s tusks read more

Reuters Breakingviews is the world’s leading source for financial calendar information. As the Reuters brand for financial commentary, we dissect big business and economic stories from around the world every day. A global team of around 30 correspondents in New York, London, Hong Kong and other major cities provide real-time expert analysis.

Share.

Leave A Reply