Canada Goose lowered guidance for the year ending Mar. 29, calling the coronavirus a “major near-term headwind” to retail both in the PRC, and to stores in tourist destinations that are seeing lower traffic due to cancelled travel from China throughout Asia. Sales are now at negligible levels across China and on Tmall, it said. Revenue for FY20 is now seen coming in at C$945 to C$955 million, a 14-15% y-o-y increase, down from 20% previous guidance. And adjusted net income is now expected to be C$1.33 to C$1.37 per share (C$149 mm) against C$1.36 last year, well below guidance ... Log in to view full article.