Canada Goose cuts annual profit forecast on feeble demand in crucial market China
Canada Goose Holdings trimmed its annual profit forecast and missed market estimates for third-quarter revenue on Thursday due to choppy sales in China, a key market for luxury goods, sending its shares down 4% in morning trading.
Canada Goose Misses Third-Quarter Revenue Estimates on Choppy China Demand
Weak consumer spending in China has been a major concern for the luxury goods industry, slowing demand recovery in the region, significantly impacting brands like Canada Goose. The company's third-quarter revenue fell to C$607.9 million ($423.59 million), from C$609.9 million a year earlier.
The Toronto-based brand also benefited by its increased focus on non-cold weather categories including apparel and ...
The stock of Canada Goose Holdings (GOOS) is down 6% after the maker of winter parkas delivered quarterly financial results ...
Lohud.com, Westchester County on MSN7h
Bird flu case confirmed in Rockland; Canada goose first in county to test positiveBird flu is widespread in wild birds worldwide and is causing outbreaks in poultry and dairy cows with several recent human ...
Canada Goose reported solid gains in its DTC (direct-to-consumer) business in North America in its fiscal third quarter ended ...
Carrie Baker, President of Brand & Commercial, emphasized the strategic focus on lighter down-filled outerwear and apparel, which grew year-over-year. The introduction of eyewear was noted as another ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback