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Company News

BUZZ-Canada Goose: Up on Q2 beat, raised forecast

** U.S.-listed shares of Canada Goose up 12 pct at $24.35 premarket on Q2 beat

** Results driven by a boost in wholesale revenue and gross margin

** Says quarter helped by shift in sales to higher-margin geographies, lower cost of purchases in U.S. dollars and lower inventory reserves

** Co also raises FY18 rev growth forecast to 25 pct, from mid-to-high teens expected earlier

** Up to Wednesday’s close, U.S shares had climbed $5.65 to $21.73 since IPO in March (Reporting by Shreyashi Sanyal)

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