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Canada Goose soars after posting a surprise profit

All rights reserved. Registration on or use of this site constitutes acceptance of our Canada Goose posted a surprise profit of $0.09 a share on Friday. Shares of the retailer surged more than 27% in early trading following the results. Follow Canada Goose's stock price in real-time here. Shares of Canada Goose soared more than 27% in early trading Friday after the winter-apparel retailer posted a surprise profit. The company said it earned $0.09 per share for the fourth quarter where analysts polled by Bloomberg had expected a loss of the same amount. Revenue came in at $124.8 million, well above the expected $77.0 million, fueled by new stores in major cities like New York and Toronto. "The increase was driven by the strong performance of existing retail stores and e-commerce sites including a full year of operations for Toronto and New York City retail stores, and incremental revenue from four new retail stores and eight national e-commerce sites opened during the fiscal year," the press release said . Canada Goose's unique vertical supply chain gives it a leg up, Cowen analyst Oliver Chen said earlier this year. "We ascribe a premium multiple to the shares of Canada Goose given: 1) Powerful brand equity based on high levels of functionality and quality; 2) vertically integrated supply chain with opportunity to become more efficient and bring more manufacturing in-house to boost margins; and 3) opportunity to widen addressable market and grow top line as global growth, shift to Direct-to-Consumer, and product category expansion strategies continue to be executed," he wrote in a note in February.

For the original version including any supplementary images or video, visit http://uk.businessinsider.com/canada-goose-stock-price-surprise-profit-earnings-revenue-2018-6

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“I’m not happy about certain things,” he said, repeating the same phrase three times. But at the same time, Trump praised Pruitt’s performance at the EPA, where the administrator has initiated repeated rollbacks of Obama-era regulations. That, Trump said, “is very overriding.” Asked if he thought Pruitt was using his position for private gain, Trump said, “I hope not.” Recently released emails show Pruitt had aides reach out to Chick-fil-A about a “business opportunity” for his wife, inquire about getting a used mattress for him for the Trump International Hotel and arrange for him to attend batting practice at a Washington Nationals baseball game. It also has been disclosed that he got a sweetheart deal renting a Washington condo co-owned by the wife of a lobbyist who had business with the agency. Federal ethics codes prohibit having staffers conduct personal errands and bar officials from using their position for private gain. Pruitt is the target of a series of federal investigations into allegations over his first-class travel, security and other issues. Trump did not refer to the scandals specifically. Growing numbers of Republican lawmakers have joined Democrats in blasting the embattled EPA chief over the ethics allegations. Copyright © 2018 The Associated Press.

For the original version including any supplementary images or video, visit https://wtop.com/national/2018/06/trump-praises-epa-chiefs-work-but-stresses-im-not-happy/

“I don’t see this as an issue as we had a dry end of the ski season, which could contribute to flat sales in the mountains,” Anglin wrote in an email to Marijuana Business Daily. “Also these ‘trends’ don’t really have enough data behind them other than reported sales to tell us anything.” Statistics compiled by the  Colorado Department of Revenue showed that  April 2018 sales  of medical and recreational cannabis totaled $124.31 million, which is nearly identical to the $124.27 million of sales in  April 2017 . An increase in rec MJ sales wasn’t enough to outstrip the decline in medical marijuana sales. According to the  Marijuana Business Factbook 2018,  Colorado also may be experiencing fewer out-of-state buyers now that Nevada and California are gaining momentum with their fledgling adult-use markets. “There’s no doubt that more states coming online for rec sales will have an impact on Colorado,” acknowledged Anglin, who owns Colorado edibles maker Americanna. But, he added, “there’s no reason to try to read the tea leaves for some kind of indication of a sales slump.” Nevada is opening up additional licensing opportunities in its young recreational market. However, ธุรกิจขายตรง ออนไลน์ the opportunity is limited to a select few, for now. At least for the next several months, the chance to secure a recreational permit is open only to businesses that already have permanent or provisional medical marijuana licenses. But Scot Rutledge of Argentum Partners, a Nevada government affairs and marketing firm, noted that entrepreneurs who don’t belong to those two categories have other ways to enter the market: Seek to acquire a stake or partnership interest in an existing marijuana business. Buy an existing recreational MJ license on the secondary market.

For the original version including any supplementary images or video, visit https://mjbizdaily.com/week-in-review-colorados-flat-marijuana-sales-nevadas-new-mj-opportunities-alaskas-cannabis-tax-ideas/