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 ...
38m
Despite a slight dip in overall revenue, Canada Goose Holdings Inc (GOOS) showcases resilience with strong direct-to-consumer growth and successful product launches.
Lohud.com, Westchester County on MSN8h
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 ...
Brooke Roach, Goldman Sachs: Inquired about brand resonance with Chinese consumers and the competitive environment. Carrie Baker noted strong responses to Snow Goose, with two-thirds of buyers being ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback