Asia Pacific accounts for $354M of $1.2B total sales. Certainly, China is not doing well right now but at least some of this is reflected in GOOS valuation and sentiment. Despite this, analysts still expect very strong earnings growth in the next two years. The last quarter was better than expected. Progress across Canada Goose's three strategic pillars to drive growth are more visible, with increased customer focus and events, a higher direct-to-consumer model including new retail stores, and product category expansion. Stores were busier in the quarer, surprisingly led by Asia. Higher direct to consumer mix and more domestically produced jackets helped gross margin advance (73% vs. 51% in wholesale). Overall, we think the stock can be kept.
5i Research Answer: