GOOS.TO

HI Rahul,

I think it is simply an over-reaction to margins that were compressed. Goose posted really strong results that exceeded market expectations and DTC growth in China is really shining with triple-digit growth in the country. The consensus estimates for margins were 68.8% of revenue and they came in at 66.4% - a big miss in terms of margins. I think that is the major cause for the drop.

Furthermore it seems revenue guidance for >$1B in revenue for fiscal 2021 missed guidance for $1.12B - but I'd argue that isn't necessarily a miss on guidance. Considering the company tends to beat estimates, it can easily meat $1.12B in revenue with respect to this guidance.

I thought it was a really good quarter for a company hat has struggled to gain its footing amidst china unrest and the pandemic.

Mat