The luxury parka maker's revenue fell to $576.7M in Q3 ended Jan. 1, compared to analysts' average forecast of about $623.6M
By Granth Vanaik
Businesses of luxury goods companies in China have suffered for the last three years from intermittent lockdowns, but Canada Goose said Beijing's decision to dismantle its zero-COVID policy late last year only added to the company's headaches. Still, Reiss said he was confident business would bounce back in the country, with January already showing a 30% rise in same-store traffic on the year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada Goose cuts annual forecasts due to COVID-related disruptions in ChinaCanada Goose forecast adjusted profit of between 92 cents and $1.03 per share for fiscal 2023, compared with its prior target of $1.31 to $1.62
Read more »
Canada Goose cuts outlook after COVID disruption hits China salesCanada Goose Holdings cut its outlook again after COVID\u002Drelated disruptions in China hampered sales. Read on
Read more »
Canada Goose cuts outlook after COVID disruption hits China salesCanada Goose Holdings cut its outlook again after COVID\u002Drelated disruptions in China hampered sales. Read on
Read more »
Canada Goose cuts outlook after COVID disruption hits China salesCanada Goose Holdings cut its outlook again after COVID\u002Drelated disruptions in China hampered sales. Read on
Read more »
Canada Goose cuts outlook after COVID disruption hits China salesCanada Goose Holdings cut its outlook again after COVID\u002Drelated disruptions in China hampered sales. Read on
Read more »
Canada Goose falls as economic woes, China spur outlook cut - BNN BloombergCanada Goose Holdings Inc. reported revenue and earnings that fell far short of analysts' estimates after COVID-19 outbreaks hurt sales in China in December, the company's busiest month. The shares fell.
Read more »