Canada Goose lowers FY outlook as Mainland China dents Q3 earnings
1 month ago - By Fashion United
Image: Canada Goose
Canada Goose has lowered its full-year guidance again after restrictions in Mainland China resulted in a small year-on-year drop in its most important quarter.
The outerwear brand made revenue of 576.7 million Canadian dollars in the third quarter ended January 1, down 1.6 percent from the same quarter a year earlier.
The company cited “worse than expected” Covid-related disruptions in Mainland China as well as the timing of wholesale shipments as drivers of the revenue drop.
But CEO and chair Dani Reiss said the company was “pleased with accelerating growth in Mainland...
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