Nov 6 (Reuters) - Canadian luxury apparel maker Canada
Goose missed estimates for second-quarter revenue on
Thursday, as its efforts to drive sales by bolstering its
marketing and promotional strategies failed to deliver results
in a weak demand environment.
Canada Goose has faced margin pressure owing to costs tied
to its aggressive marketing and its efforts to diversify its
product assortment away from pricier and higher-margin parkas.
Its adjusted profit margin shrank 5.2% in the quarter from a
0.9% jump a year ago.
It posted a loss of 14 Canadian cents per share, which
was bigger than analysts' estimates of a loss of 11 Canadian
cents per share, according to data compiled by LSEG.
The company reported a 1.8% jump in revenue to C$272.6
million ($194.38 million)in the quarter ended September 28,
compared with the estimates of C$279.3 million, as per data
compiled by LSEG.
($1 = 1.4024 Canadian dollars)
(Reporting by Chandni Shah and Savyata Mishra in Bengaluru;
Editing by Anil D'Silva)