Canada Goose up after Q2 results beat on China demand

Canada Goose Holdings

07/11/2024 16:21

(Updates)
    ** Shares of Canada Goose Holdings  GOOS.TO   GOOS.N  up
1.5% at $13.66
    ** Meanwhile, its U.S.-listed shares rise as much as 7% to
$10.28 in early trade, now up ~2%
    ** Co posts Q2 EPS of 5 Canadian cents vs. Street estimates
of a loss of 5 Canadian cents, helped by benefits from demand
recovery in China and tight cost controls
    ** Reports Q2 revenue of C$267.8 million vs. estimates of
C$260.2 mln - data compiled by LSEG
    ** Greater China revenue rose 2.5% in Q2, the fourth
consecutive quarter of growth in the region
    ** Up to Wednesday's close, stock had fallen 19% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))