Canada Goose falls on quarterly revenue miss and profit forecast cut

Canada Goose Holdings

06/02/2025 14:24

** *U.S.-listed shares of Canada Goose  GOOS.TO   GOOS.N 
down 5.7% at $10.03 premarket
    ** Co posts Q3 net revenue of C$607.9 million, missing
analysts' expectations of C$620.9 million
    ** Co cuts adjusted net income growth forecast to a range
between low-single digit percentage increase and flat from the
prior mid-single digit increase
    ** Cuts forecast for full-year adjusted earnings before
interest and tax margin to flat to 100 basis points decrease
from prior 60 basis points increase to 60 basis points decrease
    ** Result signals choppy demand in the key market of China,
where revenue decreased by 10.9% in the quarter compared to a
year ago
    ** GOOS stock fell 8.25% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))