Why Canada Goose Is Flying High Today
Canada Goose (NYSE: GOOS) stock was soaring 11% higher heading into midday trading Wednesday after the outerwear company reported fiscal fourth-quarter earnings that beat analyst expectations.
Corporate earnings coming in ahead of Wall Street forecasts has been rare during the COVID-19 pandemic, particularly for retailers like Canada Goose. Yet despite the stronger-than-expected showing amid cost cutting, the coat maker says the current quarter will be a mess due to negligible revenue after it was forced to shut stores in markets across the globe.
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Source Fool.com
