Canada Goose beats quarterly sales estimates on steady demand recovery in China

Canada Goose Holdings

16/05/2024 12:03

May 16 (Reuters) - Canada Goose  GOOS.TO ,  GOOS.N  beat
market expectations for quarterly revenue on Thursday, backed by
a strong recovery in demand for its pricey puffer jackets in
China even as spending on luxury goods remained weak in the U.S.
    The Ontario based company's revenue rose to C$358 million 
($262.71 million) in the fourth quarter of its fiscal year,
compared with analysts' expectations of C$315.5 million,
according to LSEG data.

($1 = 1.3627 Canadian dollars)

 (Reporting by Granth Vanaik in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Granth.Vanaik@thomsonreuters.com | X : https://twitter.com/Vanaik_Granth;))