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Article Date: November 2019
Word Count: 384

Canada Goose Sales Jump on Early Deliveries


Comprehensive net income was up 12% in the fiscal second quarter ended Sep. 29 to C$58.0 million ($43.9 mm) against C$52.0 million as revenues increased 28% to C$294.0 million ($222.6 mm) from C$230.3 million. But the strong sales growth came partially from pulled forward parka orders, and it warned that Q3 wholesale revenue would be down mid-teens from last year. Combined with lower Hong Kong retail sales due to the anti-government protests, the news sent GOOS shares down 13%. However, despite the warning, the company maintained its guidance for at least 20% revenue growth and at least 25% earnings growth ... Log in to view full article.

 


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