US EditionCanada Goose: Fiscal Q1 Earnings Snapshot
TORONTO, CANADA, JUL 31 – Canada Goose expanded beyond winter parkas amid weaker consumer spending and tariff concerns, with direct-to-consumer sales rising 22.8% to $78.1 million, executives said.
- On Thursday, Canada Goose Holdings Inc. reported a net loss of $125.5 million, up from last year's loss, despite revenue data not specified in the source.
- Despite strong sales, rising temperatures and milder winters have prompted Canada Goose to rethink its product mix amid U.S. tariff threats and an economic slowdown.
- Meanwhile, net debt shrank 29.3% to 541.7 million Canadian dollars, while operating losses widened to 158.7 million Canadian dollars, despite revenue growth.
- Canada Goose shares traded nearly nine per cent lower at $16.17 midday, as CEO Dani Reiss said expanding offerings has borne fruit and they continue to monitor U.S. tariffs.
- On a conference call Thursday, Reiss said `The spring summer campaign brought a fresh energy to the brand, playful and relevant with a clear message: We do summer too`, expressing optimism about continued momentum with new collections.
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Canada Goose Holdings states that its new lines of spring and summer clothing appear to be resonating with consumers, despite a larger net loss in its last quarter.
·Montreal, Canada
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San Antonio Express-News
San Antonio Express-NewsCanada Goose: Fiscal Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Canada Goose Holdings Inc. (GOOS) on Thursday reported a loss of $90.5 million in its fiscal first quarter.
·Washington, United States
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Canada Goose's share closed down by more than 14% to $15.15 on the Toronto Stock Exchange. The post Canada Goose posted an increased loss appeared first on Les Affaires.
Coverage Details
Total News Sources17
Leaning Left9Leaning Right0Center3Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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