Canada Goose, a renowned outerwear brand, has released its financial projections for fiscal 2024, demonstrating a positive outlook. The company expects total revenue to be in the range of $1.4 billion to $1.5 billion, with non-IFRS adjusted earnings before interest and taxes (EBIT) anticipated to be between $210 million and $240 million, representing a margin of 15 per cent to 16 per cent.Furthermore, non-IFRS adjusted net income per diluted share is projected to fall between $1.20 and $1.48, the company said in a press release.
Canada Goose expects fiscal 2024 total revenue of $1.4 billion to $1.5 billion, with a 15 per cent to 16 per cent margin on adjusted EBIT of $210 million to $240 million.
Adjusted net income per share is projected at $1.20 to $1.48.
For Q2 of fiscal 2024, revenue is expected at $270 million to $290 million, with a net loss per share of $0.24 to $0.17.
In contrast, the company’s expectations for the second quarter of fiscal 2024 are less optimistic. Canada Goose anticipates total revenue of $270 million to $290 million, with a non-IFRS EBIT loss of $30 million to $20 million. Additionally, the Non-IFRS adjusted net loss per basic share is expected to be between $0.24 and $0.17.
ALCHEMPro News Desk (DP)
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