Luxury parka maker Canada Goose Holdings (GOOS) has reported a net loss of $3.1 million for its fiscal fourth quarter despite its revenue rising more than 30% in the period.
The company’s latest loss is an improvement from the $9.1 million it lost a year earlier. The current net loss equates to -$0.03 per share for the quarter ended April 2 of this year.
Revenue in fiscal Q4 of Canada Goose’s 2023 financial year totalled $293.2 million, up 31% from $223.1 million in the same quarter a year ago.
Analysts who cover the Toronto-based retailer had expected a profit of $0.11 per share and $259.1 million in revenue for the latest quarter, according to Refinitiv estimates.
In terms of forward guidance, Canada Goose said it expects total revenue between $1.4 billion and $1.5 billion and an adjusted profit of $1.20 to $1.48 per share for its current fiscal year.
Canada Goose’s stock has declined 8% in the last year to trade at $24.68 per share.
