Luxury Apparel Stock Flies Higher on Financial Results, Guidance

Canada Goose Holdings Inc. (TSE:GOOS), a luxury apparel stock, climbed after announcing fiscal 2017 financial results and providing upbeat guidance

Sean Mason | June 2, 2017 | SmallCapPower

Surging revenue and earnings as well as an upbeat outlook had a luxury apparel stock strutting its stuff Friday. Here’s some small stocks making big moves on Friday, June 2, 2017 (as of 4 pm EST):

Canada Goose Holdings Inc. (TSX: GOOS), a luxury apparel stock, rose 16% to $29.17 on Friday after announcing that its fiscal 2017 revenue rose 38.8% to $403.8 million while adjusted net income for the year increased 46.6% to $44.1 million. The Company added that it expects growth in adjusted net income per diluted share of approximately 20% per year over the next three fiscal years.

Win Big With Our Small Cap Picks


As well, shares of Cardinal Energy Ltd. (TSX: CJ) slipped 8% to $5.31 as the junior Canadian oil focused company said it has agreed to purchase what it calls “high quality, low decline light oil assets” in Western Canada for $330 million in cash, which will be funded with a $170 million bought deal financing.

Bowmore Exploration Ltd. (TSXV: BOW) stock, meanwhile, continued to move higher Friday, up 38% to $0.275 after the Company reported yesterday that it is changing its name to Osisko Metals Incorporated in order to create a new base metal-focused exploration and development company within the Osisko group of companies. Osisko Metals will be focused in Eastern Canada in the medium term with an emphasis on zinc development properties.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. To read more of this Disclaimer please click on the button below: