Company News

BUZZ-Canada Goose: Shares up after Q1 revenue jumps 58.5 pct; smaller Q1 loss

** U.S.-listed shares of Canadian parka jacket maker up 7 pct at $59.80 in premarket trade; at current levels stock to open at a near two-week high

** Co posts narrower-than-expected loss

** Q1 adj. loss per share of 16 Canadian cents vs analysts’ estimate of a loss per share of 21 Canadian cents

** GOOS reports gross margin of 64 pct in the quarter from 47 pct a year earlier

** Revenue jumps 58.5 pct to C$44.7 mln and beats estimates of C$36.4 mln; revenue rise helped by growth in direct-to-consumer business and wholesale business

** Up to Wednesday’s close, stock had risen 77 pct this year; Canadian stock rose 83 pct in the same period compared with a 0.7 pct increase in the Toronto Stock Exchange (Reporting by Anirban Paul)