Canada Goose Unlikely to See Meaninful Upside in Coming Quarters, UBS Says

MT Newswires Live05-16

Canada Goose (GOOS) may struggle to generate meaningful upside in the coming quarters as weak revenue growth and macro uncertainty continue to cloud the outlook, UBS said in a note emailed Friday.

The brokerage said it sees "few catalysts ahead" for the stock, noting that investors are unlikely to get major new data points before the company's fiscal Q2 report later this year because of the seasonal nature of the business.

UBS added that North American traffic remains choppy, while Europe could face pressure from slowing tourist demand.

At the same time, UBS said Canada Goose is making progress in areas including wholesale execution, store operations and merchandising.

UBS maintained its fiscal 2027 to 2029 earnings estimates, saying the company can still gradually improve margins over the longer term as it expands internationally and grows newer categories.

UBS maintained its neutral rating and $12 price target.

Price: 9.68, Change: -0.21, Percent Change: -2.12

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