Canada Goose misses third-quarter revenue estimates on choppy China demand (updated)

Canada Goose Holdings

06/02/2025 11:57

(Adds shares in first paragraph, background in paragraph 2)
       Feb 6 (Reuters) - Canada Goose Holdings  GOOS.TO 
 GOOS.N  missed Wall Street estimates for quarterly revenue on
Thursday, signaling choppy sales in key luxury goods market
China and sending its U.S.-listed shares down 6% in premarket
trading.
    Weak consumer spending in China has been a major concern for
the luxury goods industry, slowing demand recovery in the
region, significantly impacting brands like Canada Goose.
    The company's third-quarter revenue fell to C$607.9 million
($423.59 million), from C$609.9 million a year earlier. 
    Analysts on average had expected revenue of C$620.9 million,
according to data compiled by LSEG.

($1 = 1.4351 Canadian dollars)

 (Reporting by Aatrayee Chatterjee in Bengaluru; Editing by
Pooja Desai)
 ((Aatrayee.Chatterjee@thomsonreuters.com))