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stars and dogs

Canada Goose Holdings (DOG)


It’s official: Canada Goose has laid a big goose egg for investors. After the high-end parka maker slashed its outlook on Wednesday, the shares tumbled to their lowest close since the company’s initial public offering more than five years ago. Citing COVID-19 restrictions in China and “significant uncertainty from the broader macro-economic and political environment,” the company now expects sales of $1.2-billion to $1.3-billion for the fiscal year ending next March, down from a previous estimate of up to $1.4-billion. Canada Goose also cut its adjusted net income forecast to between $1.31 and $1.62 a share, down from as much as $1.90. No wonder investors are cutting the Goose loose.

Tupperware (DOG)


Tupperware’s food-storage containers may have an airtight seal, but the company’s cash-flow statement has sprung a serious leak. Hurt by inflation, COVID-19 lockdowns in China and weak consumer sentiment, the maker of kitchen and household products said third-quarter sales slumped 20 per cent and cash flow from operations was negative US$65.8-million for the year to date. Tupperware warned “it is probable that the company will not be able to maintain compliance with the covenants in its credit agreement … which raises substantial doubt about the company’s ability to continue as a going concern.” It’s not clear how they’ll be able to put a lid on this.

Lightspeed Commerce (DOG)


Business quiz! Shares of Montreal-based Lightspeed Commerce sank after: a) Elon Musk offered to buy the point-of-sale and e-commerce software company, but changed his mind 24 hours later; b) a short seller falsely claimed that Lightspeed has been laundering money for the Hells Angels; c) the company reported a fiscal second-quarter loss of US$79.9-million and cut its full-year revenue outlook, citing unfavourable foreign-exchange rates and a weaker macroeconomic outlook. Answer: c.

Ocado Group PLC ADR (STAR)


Robots build our cars and vacuum our floors. Eventually, they’ll probably do all of our grocery shopping, too. Shares of Ocado Group rose after the British company – whose software and robotics technology is used by a growing number of grocers to fulfill online orders – signed a deal with Lotte Shopping to develop the South Korean retailer’s online business. It’s a good thing robots don’t need to eat, or this could end badly.

Airbnb (DOG)

ABNB - Nasdaq

Bad: Discovering that the two-bedroom condo unit across the hall just got listed on Airbnb and there are 100 drunk people partying inside. Worse: Investing in Airbnb’s shares. Even as the short-term lodging platform reported third-quarter revenue growth and earnings ahead of estimates, the company’s fourth-quarter revenue forecast disappointed Wall Street amid headwinds including inflation, a strong U.S. dollar and economic uncertainty. With investors dumping stock, the shares fell faster than a beer bottle tossed from a balcony.

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