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Company News

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)

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