Canada Goose: Buy The Crash As Comp Sales Soar In Tough Macro
Canada Goose Holdings Inc. has reported a significant increase in comparable sales growth despite ongoing challenges in the market. The company's recent Q4 results showed a 10% rise in comp sales and a rebound in wholesale revenue. However, the stock remains undervalued, trading at approximately 9 times EBIT due to cautious guidance amid macroeconomic uncertainties.
- ▪Canada Goose reported a 10% increase in comparable sales growth in its recent Q4 results.
- ▪The company also experienced a rebound in wholesale revenue during the same period.
- ▪Despite these positive indicators, the stock is trading at around 9 times EBIT, indicating it may be undervalued.
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