![]() Canada Goose, moreover, has just a single product, and one that has many equivalents, even if they lack the cachet, for a fraction of the price.Įxclusive: Disney’s Iger On Movies, Parks, ESPNĬachet, of course, can be fleeting. (DECK), the maker of Ugg boots, which has five times the sales and more than twice the earnings. The market also is according Canada Goose a higher value than Given that the fourth quarter of the fiscal year ending March 31 typically produces a loss, the price/earnings ratio would be even richer, based on full-year results. As Andrew writes in Trader Extra, at the $17 IPO price, the stock sold for more than 38 times adjusted earnings of 44 cents a share for the nine months ended on Dec. More relevant to readers of these scribblings is the valuation of Canada Goose shares, which seems even more egregious than the price of its coats. “In America, if there is one thing that sells more units than a dream of rugged individualism, it is the fantasy of feeling as comfortable as a famous person seems to be.” Even if that’s in Gotham’s Penn Station, where on Friday for the first time I spied the famous Canada Goose circular logo on the arm of a coat worn by a young lady well prepared for the freezing temperatures (well, maybe a tad over 32 degrees) that awaited her on the streets of the Big Apple. But the shopper in our house informs me that Canada Goose stuff is quite cool, in the style sense, sufficiently so to be found in the upscale stores I assiduously avoid but she frequents.Īccording to a pithy piece last month in the New Yorker, Canada Goose broke through by giving its coats to celebrities, who of course took the swag and then were photographed wearing it. Moreover, a grand could buy four or five off-brand parkas that could keep out Antarctic cold, which I hope never to face. Bean ski jacket has only about a half-dozen years’ wear and luckily still fits. Unlike Snapchat, a ubiquitous presence in a household with millennials, Canada Goose’s down parkas had eluded my notice not surprisingly, since my L.L. That is, before falling back to $19.54 on Friday-a reflection of the photo app’s absurd valuation highlighted by our colleague Andrew Bary (“ Snap’s Stock Price Could Be Cut in Half,” March 4). (SNAP), which initially soared 73% from its IPO of $17 this month to over $29. Still, it helped take away some of the sour taste following the nausea-inducing roller-coaster ride in There’s nothing that raises the mercury of the stock market like a hot IPO, even a relatively modest one such as Canada Goose, which was valued at $1.7 billion following its post-debut pop. On Friday, they added 7% more, closing at $17.23. The U.S.-listed shares were priced above their expected range at $12.78 and ended on Thursday, their first day of trading, with a 26% pop, to $16.08. (ticker: GOOS), a Canadian outfit whose initial public offering enjoyed a warm reception on the New York Stock Exchange and back home on the Toronto bourse, as well.
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