Canada Goose Stock: Should You Buy in June?

Canada Goose (TSX:GOOS)(NYSE:GOOS) has grown into a household name over the past decade. The top shelf winter clothing manufacturer gained momentum in the 2010s as a highly sought-after luxury fashion item. Meanwhile, it has maintained an aura of excellence as it pertains to providing utilitarian winter clothing.

This Toronto-based clothing manufacturer released its fourth quarter fiscal 2022 earnings on May 19. Total revenue climbed 6.8% year-over-year to $223 million. Canada Goose posted direct-to-consumer (DTC) revenue growth of 8% to $185 million. It posted improved revenue at its existing stores, but experienced slippage in its e-commerce revenue. Moreover, Wholesale revenue jumped 3.5% to $35.1 million.

The company reported gross profit of $154 million and a gross margin of 69.1% compared to $138 million or 66.4% in the previous year. For the full-year, total revenue rose to $1.09 billion over $903 million in fiscal 2021. Meanwhile, adjusted EBIT rose to $174 million compared to $132 million and adjusted net earnings came in at $119 million over $86.2 million in the previous year.

Canada Goose unveiled its fiscal 2023 outlook in its most recent repot. It projects total revenue between $1.3 billion and $1.4 billion. Moreover, it expects non-IFRS adjusted EBIT between $250 million and $290 million and adjusted net income per diluted share between $1.60 and $1.90. The company is still on track for strong earnings growth going forward. Meanwhile, it offers solid value at the time of this writing.