(0:20) -Canada Goose: Luxury Parkas
(1:15) - Performance Since IPO
(3:00) - Store Openings and New Product Line
(6:45) - Episode Roundup: Podcast@Zacks.com
On this week’s episode of Shopping for Stocks, Editor Maddy Johnson takes another look at specialty retailer Canada Goose Holdings Inc. (GOOS - Free Report) , a company that is known specifically for its $900-and-up parkas with fur-trimmed hoods (also read: After IPO, Canada Goose Stock Continues to Gain).
Canada Goose made its market debut earlier this year, marking one of the biggest apparel IPOs since Lululemon (LULU - Free Report) and following closely behind Snap Inc.’s (SNAP - Free Report) much-hyped tech IPO.
Without a doubt, Goose’s IPO was a huge win for the company, but once the initial buzz wore off, the retailer needed to prove that it could grow its business in every major way. And with two positive earnings reports under its belt, Canada Goose is on its way to fulfilling this important goal.
In addition to posting smaller-than-expected losses in its last two quarters, the company is opening five new stores by the end of this year, as well as launching a highly-anticipated knitwear collection that could help transform Goose into a more well-rounded retail business.
Will these strategies keep Canada Goose on its already-positive growth track? The biggest name in parkas sure is hoping so.
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