03:47 PM EDT, 07/25/2024 (MT Newswires) -- Canada Goose Holdings' ( GOOS ) upcoming Q1 earnings report is unlikely to move the needle on its stock price, UBS Securities said in a note Thursday.

"Q1 is its smallest quarter of the year, typically representing just 5% sales," and as a result, the luxury apparel maker rarely adjusts its full-year guidance in its Q1 report, UBS said.

"We also doubt the report causes sentiment to swing much," UBS said, adding that the options market anticipates "a +/- 9.3%" jump over the event, but it expects less volatility than this.

High-income consumer spending remains low, and European luxury brands face weak demand from China. Investors will seek Asia-Pacific demand signals, but Q1's small sales volume complicates predictions, the note said.

UBS has a neutral rating on Canada Goose Holdings ( GOOS ) with a 12-month price target of $14.

Price: 11.24, Change: -0.06, Percent Change: -0.53