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Company News

Canada Goose slashes 2020 forecasts on coronavirus hit

Feb 7 (Reuters) - Canada Goose Holdings Inc, slashed its revenue and profit growth forecasts for fiscal 2020, citing a hit from the recent outbreak of the coronavirus in China.

It projected full-year adjusted profit growth to be in a range of 2.2% decline to 0.7% rise from a year earlier, compared with a prior forecast of at least 25% growth.

The company expects revenue to grow between 13.8% and 15%, compared with its prior forecast of at least 20% growth.

Reporting by Praveen Paramasivam and Nivedita Balu in Bengaluru; Editing by Arun Koyyur

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