Canada Goose Slashes Guidance on Weakening Orders
Net income decreased 18% to C$4.1 million ($3.0 mm) in the fiscal second quarter ended Oct. 1, from C$5.0 million prior, on revenue that was up 1% (-3% CC) to C$281.1 million ($209.0 mm) from C$277.2 million, as the strengthening Euro against the Canadian dollar impacted results on a constant currency basis. DTC revenue was up 15% (+12% CC) to C$109.4 million on in-store sales strength, particularly from newly opened stores, hitting 39% of the top line compared to 34% prior. Blended comps declined 7%, with stores up slightly while online ... Log in to view full article.