August 14, 2019 / 11:03 AM / 2 months ago

Canada Goose posts better-than-expected revenue

Aug 14 (Reuters) - Canada Goose Holdings Inc’s first-quarter revenue beat analysts’ estimates on Wednesday, as the company sold more expensive jackets and parkas to department stores and opened several retail outlets.

The Toronto-based luxury apparel company’s net loss widened to C$29.4 million, or 27 Canadian cents per share, in the quarter ended June 30, from a loss of C$18.7 million, or 17 Canadian cents per share, a year earlier.

Revenue rose 59.1% to C$71.1 million ($53.66 million), while analysts had expected C$54.38 million, according to IBES data from Refinitiv. ($1 = 1.3251 Canadian dollars) (Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below