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    GOOS   CA1350861060

CANADA GOOSE HOLDINGS INC.

(GOOS)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-12-06 pm EST
24.67 CAD   -0.56%
12/01Canada Goose : 2022 SASB Index Report
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12/01Canada Goose : 2022 Sustainability Report
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11/18Canada Goose Launches Share Buyback Program
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TSX extends gains on strong Canada Goose earnings

08/11/2022 | 10:43am EST

(Adds comments, updates prices throughout)

* TSX breaches 20k for first time in two months

* Canada Goose jumps as luxury demand defies inflation

* Element Fleet raises FY forecast, shares gain

Aug 11 (Reuters) - Canada's main stock index on Thursday extended gains on strong results reported by Canada Goose on resilient luxury demand, a day after softer-than-expected U.S. inflation data lifted market sentiments.

Canada is expected to release inflation data early next week.

At 9:59 a.m. ET (1359 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 170.38 points, or 0.86%, at 20,056.32. The index breached 20,000 points for the first time since June.

"What we're seeing in the markets today is continued gains following yesterday's consumer price inflation report, a sense that perhaps maybe the Central bank in the U.S. doesn't have to tighten as quickly as they have previously," said Colin Cieszynski, chief market strategist at SIA Wealth Management.

Element Fleet Management Corp jumped 13% after the fleet management firm also beat earnings estimates, while the financials sector gained 0.9%.

Keeping gains in the sector in check was a 0.2% decline in shares of Canada's largest life insurer Manulife Financial Corp , which reported only a marginal beat in earnings expectations.

Luxury goods company Canada Goose jumped 10% on strong quarterly results, benefiting from inflation-resilient consumer demand.

The energy sector climbed 2.6% as Suncor Energy added nearly 2% as it considers spinning off its Petro-Canada gas business that accounts for 13% of Canada's retail fuel market.

If the deal is given a green light by Canada's antitrust body, it could reap over $8 billion and boost returns to unhappy shareholders.

Suncor's poor safety record and lackluster stock performance prompted a demand for changes from activist Elliott Investment Management, following which it replaced its chief executive officer in July.

U.S. crude prices were up 1.6% a barrel, while Brent crude added 1.3%.

The industrials sector rose 0.1%. (Reporting by Johann M Cherian in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BAUSCH HEALTH COMPANIES INC. -1.59% 7.43 Delayed Quote.-73.09%
CANADA GOOSE HOLDINGS INC. -0.56% 24.67 Delayed Quote.-47.08%
ELEMENT FLEET MANAGEMENT CORP. -1.64% 18.64 Delayed Quote.47.13%
GREECE ATHEX COMPOSITE 0.09% 904.09 Delayed Quote.1.11%
MANULIFE FINANCIAL CORPORATION -0.21% 24.16 Delayed Quote.0.41%
SUNCOR ENERGY INC. -3.08% 40.93 Delayed Quote.33.43%
All news about CANADA GOOSE HOLDINGS INC.
12/01Canada Goose : 2022 SASB Index Report
PU
12/01Canada Goose : 2022 Sustainability Report
PU
11/18Canada Goose Launches Share Buyback Program
MT
11/18Canada Goose Launching Share Repurchase Program
MT
11/18Canada Goose Holdings Inc. announces an Equity Buyback for 5,421,685 shares, representi..
CI
11/18Canada Goose Launches Share Repurchase Program
BU
11/18Canada Goose Brief: Launching Share Repurchase Program
MT
11/18Canada Goose Holdings Inc. authorizes a Buyback Plan.
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11/17Canada Goose Makes Donation to United Nations in Support of Ukrainian Refugees
BU
11/10Apple supplier Foxconn adjusts production to avoid holiday blues
RE
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Analyst Recommendations on CANADA GOOSE HOLDINGS INC.
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Financials
Sales 2023 1 238 M 908 M 908 M
Net income 2023 137 M 101 M 101 M
Net Debt 2023 186 M 136 M 136 M
P/E ratio 2023 19,1x
Yield 2023 -
Capitalization 2 599 M 1 906 M 1 906 M
EV / Sales 2023 2,25x
EV / Sales 2024 1,90x
Nbr of Employees 4 353
Free-Float 51,3%
Chart CANADA GOOSE HOLDINGS INC.
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Technical analysis trends CANADA GOOSE HOLDINGS INC.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 24,67 CAD
Average target price 28,03 CAD
Spread / Average Target 13,6%
EPS Revisions
Managers and Directors
Dani Reiss Chairman & Chief Executive Officer
Carrie Baker President
Jonathan Stuart Sinclair Chief Financial Officer & Executive Vice President
John Moran COO, EVP-Manufacturing & Supply Chain
Stephen K. Gunn Independent Director
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