$GOOS

Harvey Nichols' suppliers may recover less than 15p per pound, with unsecured creditors owed £270.5M. Frasers Group acquired the luxury retailer through a pre-pack administration, preserving jobs but leaving suppliers like Victoria Beckham and Jimmy Choo with significant losses. Frasers aims to revitalize Harvey Nichols, despite concerns from brand partners.

Wells Fargo analyst Ike Boruchow downgraded Canada Goose to underweight, citing warm weather, European weakness, and U.S.-Canada trade issues. He cut the price target to $10 from $16. Over a third of analysts now recommend selling shares. The stock is down 37% this year, with 88% drop from its 2018 peak, reflecting disappointing earnings and concerns about year-round business prospects.

Canada Goose (GOOS) shares fell 5.3% after Wells Fargo downgraded it to Underweight due to a new 50% U.S. tariff on Canadian apparel imports. The tariff's impact on GOOS's margins depends on its ability to pass costs to consumers. GOOS generated C$385.1 million (25.2% of total revenue) in the U.S. in fiscal 2026, with most goods manufactured in Canada. The company's direct-to-consumer model and luxury pricing may help mitigate the tariff's effects, but U.S. revenue declined 19% YoY in Q1 2027.

Analysts made several ratings changes: UBS upgraded Celestica to Buy with a $430 target, citing AI-driven demand. Citi initiated Reformation as Buy with a $20 target. Morgan Stanley initiated Jersey Mike's and ArcelorMittal as Overweight. Baird upgraded Darden to Outperform and downgraded Chipotle to Neutral. Other notable moves include upgrades for Suzano, Ionic Digital, and Fortune Brands, while Canada Goose was downgraded.

Canada Goose (GOOS) shares fell 5.5% in pre-market trading after Wells Fargo downgraded the stock to 'underweight' with a C$10.00 price target, citing structural concerns. The stock has faced pressure from multiple analyst downgrades and potential U.S. tariffs on Canadian apparel. The broader market's decline also contributed to the drop, with GOOS trading near its 52-week low of $8.42.

Canada faces potential 50% tariffs on $20B of U.S.-bound goods, including electronics, furniture, and alcohol, if no deal is reached. RBC and Capital Economics estimate GDP impact at 0.4-0.6%. Affected industries include apparel, electrical equipment, and dairy. Canada Goose (GOOS-T) and Kruger Products (KPT-T) are among companies potentially impacted. Quebec, B.C., and Ontario would be hardest hit. Canada may retaliate with countertariffs.

Updated at 4:24 p.m. July 30. Canada Goose increased revenues and reduced losses last quarter, a sign the company’s multiyear drive to widen its luxury assortment and tighten cost controls is working. For the first quarter ended June 28, total revenue increased 10.3 percent to $118.9 million from $107.8 million, up 8.6 percent on a constant currency basis. All figures are expressed in Canadian dollars, except for per share prices, which are in U.S. dollars.

Canada Goose Holdings Inc. (GOOS) reported first quarter fiscal 2027 revenue of C$118.9m, up 10.3% year over year. Adjusted EBIT margin improved to (87.3)% from (98.7)%, with operating loss narrowing to $(103.8)m. DTC comparable sales fell 3.2% while e-commerce rose double digits. Inventory turns rose 11% to 1.0x; net debt increased to C$627.8m. Outlook: low-single-digit revenue growth and adjusted EBIT margin 11% to 12%.

Investing.com reports Canada Goose (GOOS) fell 1.3% in pre-open after Williams Trading downgraded the stock from Hold to Sell and cut its price target to C$10 from C$12. The firm cited a proposed 50% U.S. tariff on Canadian apparel effective Aug. 19, 2026, warning it could force Canada Goose to reduce or withdraw FY27 guidance.

Canada Goose Holdings Inc. shares fell about 2% after Williams Trading downgraded the stock from Hold to Sell and cut its price target to Cdn$10.00 from Cdn$12.00. The firm cited tariff risk, noting the company’s U.S. revenue was just over 25% in fiscal 2026, and expects potential FY27 guidance cuts ahead of its July 30, 2026 earnings.