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  "documentTitle": "Canadian Tire Corporation (CTC.A)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2019-12-05 00:00:00",
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      "kind": "callout",
      "text": "Canada Goose shares fell 10% after management told investors next quarter will be weaker than expected due to earlier shipments that benefited this past quarters results",
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      "text": "Similar to Helly Hansen, Canada Goose experienced strong sales over the past 3 months as inventory was filled at retail stores. We believe, this will result in weaker sales next quarter",
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      "text": "Canadian Tire’s management continues to talk about the strength of Helly Hansen’s business. Why didn’t CTC provide investors with a similar warning?",
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      "text": "Canada Goose warned investors of a weak quarter ahead due to sales being pulled forward into the past quarter. This sounds very similar to Helly Hansen’s strong Q3. However, while Canada Goose warned that the pull forward will result in a weaker quarter ahead, Canadian Tire continued to talk up the strength of its recently acquired brand.",
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      "text": "We’ve shipped so much of our fall/winter order book earlier, which naturally means less shipments in the next quarter.",
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      "text": "\"We've shipped so much of our fall/winter order book earlier, which naturally means less shipments in the next quarter.\" — Dani Reiss, Canada Goose CEO",
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      "kind": "title",
      "text": "Canada Goose: Helly Hansen Competitor Expects A Weak Winter Ahead",
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