Canada Goose Cuts Outlook Citing Weak Luxury Spending
Net income attributable to shareholders improved 38% to C$5.4 million ($4.0 mm) in the fiscal second quarter ended Sep. 29 from C$3.9 million prior, as revenues slipped 5% to C$267.8 million ($196.9 mm) from C$281.1 million. Sales in the U.S. declined 3% (-4% CC) to C$63.4 million ($46.6 mm), while the home Canadian market was flat at C$57.7 million, and EMEA tumbled 13% (-16% CC) to C$80.6 million. Greater China grew 3% (+2% CC) to C$46.4 million as GOOS launched live shopping on the Douyin platform and saw gains in travel ... Log in to view full article.