Warby Parker Shines, Canada Goose Slips: Goldman Sachs Adjusts Ratings On Apparel Sector Giants
Goldman Sachs analyst Brooke Roach revised ratings on Warby Parker Inc. (NYSE:WRBY) and Canada Goose Holdings Inc. (NYSE:GOOS) ahead of third-quarter earnings.
The analyst writes that they have noticed fluctuating trends in the apparel sector amid a transition from summer to early fall.
However, consumers remain resilient, focusing their spending on brands that offer innovation and newness, adds the analyst.
Roach expects volatility for the remainder of 2024, but early signs, such as falling gas prices and increased consumer discretionary cash flow in the U.S. and Europe, indicate a more positive outlook for 2025.
Easing post-COVID pressures and balanced industry inventory levels are creating better opportunities for brands and vendors, adds the analyst.
The analyst highlights key factors to watch, which include the upcoming U.S. elections and their potential implications for tariffs …
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