Canada Goose Beats Revenue Estimates on Winter Demand
Canada Goose beat quarterly revenue estimates on strong winter demand but issued a soft annual forecast. The company cited weak traffic and lower traveler spending.
CANADA GOOSE HOLDINGS INC beat fourth-quarter revenue estimates as strong winter demand for knitwear and fleece jackets offset slowing luxury spending. U.S.-listed shares rose 6% in premarket trading following the results from the Toronto, Ontario-based apparel maker. The performance came even as the broader luxury sector faces cooling global consumer confidence.
### Wholesale Recovery Drives Revenue Beat Quarterly revenue reached C$453.3 million, surpassing LSEG estimates of C$412 million. This growth was fueled by a 51.6% jump in wholesale revenue on a constant-currency basis, reversing the 24.9% decline recorded in the same period last year.
