Why Jim Cramer Likes Canada Goose - TheStreet

Why Jim Cramer Likes Canada Goose

Jim Cramer is feeling bullish on Canada Goose.
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Jim Cramer really likes the look of Canada Goose (GOOS) - Get Report .

The retailer posted earnings on Wednesday, Nov. 14. 

Around 9:56 a.m. ET, shares were up over 22%. 

TheStreet contributor Adam Smith covered the earnings.

Shares of the Canadian maker of luxury coats saw its stock trading around $71, up from Tuesday's close of $58.58. 

That's because investors warmed to Canada Goose's adjusted quarterly earnings of 35 cents a share (or 46 cents in Canadian currency), which knocked out the Zacks consensus estimate of 19 cents. The company also flew past its earnings per share last year of 23 cents.

Canada Goose's report offered other bright spots as well. Total revenue increased by about a third to around $174 million (or C$230.3 million). Operating income was also up to around $49 million (C$65 million) from around $36 million in the last quarter.

"With such an outstanding first half of the fiscal year, we are in a strong position ahead of our peak selling season," said Dani Reiss, chief executive of Canada Goose, in a statement.

Cramer told TheStreet that he likes the way that the company operates.