Canada’s Ezekra for sale inside the Nordstrom Store in Toronto, Ontario, Canada, on Tuesday, March 21, 2023. Nordstrom will close the Canadian Six Settings and Seven Nordstrom Roof store Canadian. Photographer: Cole Borson/Bloomberg via Getti Ims
Cole Borson Bloomberg Gety pictures
shares Canada’s goat About 20 % increased on Wednesday after the company informed profits in the fourth financial quarter, which won the estimates of analysts, although the company withdrew its financial expectations 2026 due to “total economic uncertainty”.
The luxury retail seller said that it will not provide a financial view for the fiscal year 2026 due to uncertainty, noting “the dynamic consumer spending patterns caused by the unexpected global trade environment.”
However, Canada Oza said it was “still confident of the brand’s strength, the strong financial situation of the company, and its ability to adapt to the changing conditions.”
Here is what the company informed in the fourth financial quarter compared to what Wall Street expected, based on a survey of analysts by LSEG:
- Arrow profits: 33 Canadian cents caught for 23 Canadian cents expected
- profitCA 384.6 million dollars ($ 277.1 million), expected for 356.4 million dollars ($ 256.8 million)
Based on a call with investors, the chief operational employee in Canada Beth Kleimer said that 75 % of the units of the Canada Oza are made in Canada and “almost all” are compatible with the United States, Mexico and Cananga agreement, which means that it is currently exempt from the president from the president Donald Trumptariff. She said that the remaining production, which comes primarily from Europe, is facing an increase in definitions, but it will have a “little financial effect.”
CEO Danny Reese chanted this feeling, adding that the “vast majority” of retailer products are not currently affected by definitions.
“This is not the first time that Canada’s goat has successfully launched uncertainty. We have endured difficult times before, until 2008, through Covid, and every time we appeared stronger,” said Reese.
Financial Director Neal Budin added that the customs tariff is not directly material for the fiscal year 2026 financial plans, but “the indirect impact of these procedures on the global economy and changing the natural scene creates a greater amount of uncertainty for us”, especially since the company is months of its peak revenues.
The revenue of the Canada’s Euzza increased by 7.4 % over the same period last year.
The net income that is attributed to the shareholders for the fourth fourth quarter, which ends on March 30, was 27.1 million dollars, or 28 Canadian cents per diluted share, compared to the net income that is attributed to the shareholders of $ 5 million, or 5 Canadian cents per share in the previous year.
As of the closure of Monday, the shares decreased by approximately 14 % so far, as it reached its lowest level last month after Barclay analysts reduced the shares classification and reduced their target price.
The luxury sector as a whole showed signs of weakness, with the presence of senior players LVHMand barbaric And Gucci Malik dry Reporting Slow down In sales in a quarter.
Canada Goose, known as luxurious Parkas and sprays that can sell retail for more than $ 1,000, attempted to expand in the non -winter category by offering products such as rain jackets and warm weather clothes.
The collection of glasses, which was presented in the fourth quarter, was the first online products launch of the company, which includes virtual experiences of artificial intelligence. Retail dealers launched the launch of a “main landmark” in the “Product’s Expansion Journey” and part of a larger batch to enhance the importance of the brand throughout the year.
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