Canada Goose Cuts Guidance on Soft International Sales
Net income gained 42% to C$151.9 million ($120.66 mm) from C$107 million on C$586.1 ($465.2 mm) in revenue, up 24% from C$474.0 million for the fiscal third quarter ended Jan. 2. The 53-week fiscal 2022 added an additional week to the quarter, accounting for C$40.9 million in revenue. But worse than expected APAC and EMEA sales led GOOS to lower full-year revenue guidance to between C$1.090 and C$1.105 billion, revised down from $1.125 to $1.175 billion. Full-year adjusted EPS guidance was also slashed to C$1.02 to C$1.11 per share (C$115 mm at the midpoint) from prior guidance of C$1.17 to ... Log in to view full article.