Canada Goose Stock Soars Nearly 30% Amid Tariff-Induced Uncertainty; Company Stays Silent
Shares of Canada Goose Holdings (
GOOS.TO
)(
GOOS
) jumped by almost 30 percent on Wednesday due to robust quarterly sales and increasing net income for the premium parka manufacturer. According to CEO Dani Reiss, although business is currently thriving, a worldwide trade war initiated by the United States has the potential to reduce demand.
The Toronto-headquartered company Canada Goose chose not to provide financial forecasts for their present fiscal year when they released their results on Wednesday. They justified this decision due to “the macroeconomic uncertainties and fluctuating consumer spending habits caused by the volatile global trade situation.”
The choice to avoid giving guidance for the year stems from our perception of a rather unpredictable global consumer landscape,” Reiss stated during a post-earnings conference call with analysts on Wednesday. “We find ourselves in uncertain times.
Reiss states that the present tariff situation is not significant for the company’s objectives in 2026.
“About 75 percent of our units are manufactured in Canada, and nearly all comply with the terms of the United States–Mexico–Canada Agreement (USMCA). This compliance ensures that these products remain free from tariffs at present,” said Chief Operating Officer Beth Clymer during the conference call.
Our leftover production, largely originating from Europe, is encountering rising tariffs. However, these will have little financial effect.
Shares of Toronto-based company Canada Goose ended 19.08 percent higher on Wednesday, closing at $14.79. By 10:58 a.m. ET, the stock had surged to $15.70, marking an increase of 26.41 percent from its previous value.
For the period ending March 30, Canada Goose announced a net income of $27.1 million attributed to shareholders, marking an increase from the $5 million recorded in the same quarter of 2024. The company saw sales climb by 7.4 percent compared to the previous year, with adjusted EBITDA climbing by 48.9 percent annually as well.
In spite of impressive performance, Canada Goose has become one of the Canadian companies reducing or discontinuing their financial forecasts amid U.S. President Donald Trump’s efforts to reshape America’s trading relationships globally. During this reporting period, Air Canada has also taken similar steps.
AC.TO
), Rogers Communications (
RCI-B.TO
A&W Food Services of Canada (
AW.TO
) have been some of the firms providing more pessimistic forecasts for 2025.
BMO chief investment strategist
Brian Belski has encouraged investors to overlook these adjustments lately.
.
He stated in a client report that ‘we feel investors shouldn’t respond impulsively to pessimistic forecasts.’
Jeff Lagerquist serves as a senior journalist for Yahoo Finance Canada. You can follow him on Twitter.
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