Shares of Canada Goose Inc. fell 15.8 percent to $41.30 in premarket trading Wednesday as investors looked for something more from the growing parka maker.
The company’s fourth-quarter earnings slipped to 6 million Canadian dollars, or 8 cents a diluted share, from 6.7 million Canadian dollars, or 7 cents.
Revenues for the three months ended March 31 increased 25.2 percent to 156.2 million Canadian dollars from 124.8 million Canadian dollars.
“We entered the year with a very ambitious agenda of global growth, and we have surpassed it with flying colors,” said Dani Reiss, president and chief executive officer. “We have come a long way in a short time and we have done it the right way — by preserving the purity of our brand and building for the future. Our business and our people have never been stronger. I believe that we are still just scratching the surface of our long-term potential as we continue to define performance luxury globally.”
For the full year, net earnings jumped 53 percent to 144.3 million Canadian dollars from 94.3 million Canadian dollars. And revenues last year jumped 40.5 percent to 830.5 million Canadian dollars from 591.2 million Canadian dollars.
For the next three years, the company is again looking for average annual gains of at least 25 percent in adjusted earnings per diluted share with revenues increases of 20 percent. Those were the same growth rates the firm projected last year.