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.

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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.

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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.

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