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Company News

CORRECTED-Canada Goose forecasts lower fiscal 2021 wholesale revenue

(Corrects to 2021 from 2020 in headline and first paragraph)

Aug 11 (Reuters) - Canada Goose Holdings Inc said on Tuesday revenue from its wholesale partners would be lower in fiscal 2021, as traffic at department stores remains under pressure due to the coronavirus pandemic.

The retailer’s revenue of C$26.1 million ($19.63 million) in the first quarter ended June 28, however, beat Wall Street estimates of C$18.34 million, according to IBES data from Refinitiv. ($1 = 1.3293 Canadian dollars) (Reporting by Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)

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