financetom
Business
financetom
/
Business
/
Canada Goose misses third-quarter revenue estimates on choppy China demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada Goose misses third-quarter revenue estimates on choppy China demand
Feb 6, 2025 4:29 AM

(Reuters) - Canada Goose Holdings ( GOOS ) missed Wall Street estimates for quarterly revenue on Thursday, signaling choppy sales in key luxury goods market China and sending its U.S.-listed shares down 6% in premarket trading.

Weak consumer spending in China has been a major concern for the luxury goods industry, slowing demand recovery in the region, significantly impacting brands like Canada Goose.

The company's third-quarter revenue fell to C$607.9 million ($423.59 million), from C$609.9 million a year earlier.

Analysts on average had expected revenue of C$620.9 million, according to data compiled by LSEG.

($1 = 1.4351 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Squarespace to go private in all-cash deal valued at $6.9 bln
Squarespace to go private in all-cash deal valued at $6.9 bln
May 13, 2024
May 13 (Reuters) - Private equity firm Permira will take Squarespace ( SQSP ) private in an all-cash deal valued at about $6.9 billion, the website-design platform said on Monday. ...
Merck stops skin cancer combination therapy testing in late-stage study
Merck stops skin cancer combination therapy testing in late-stage study
May 13, 2024
May 13 (Reuters) - Merck ( MRK ) said on Monday it had discontinued the arm of a late-stage study, which tested an experimental antibody-based drug with its blockbuster immunotherapy Keytruda for some patients with the most severe form of skin cancer. ...
Market Chatter: European Commission Reportedly Set to Issue Antitrust Charges Against Microsoft Over Teams, Software Bundling
Market Chatter: European Commission Reportedly Set to Issue Antitrust Charges Against Microsoft Over Teams, Software Bundling
May 13, 2024
07:08 AM EDT, 05/13/2024 (MT Newswires) -- The European Commission is reportedly set to issue antitrust charges against Microsoft ( MSFT ) over concerns that it is undermining rivals to its videoconferencing app Teams, The Financial Times reported, citing three people familiar with knowledge of the regulatory action. In late July last year, the Commission said in a statement it...
Permira to take Squarespace private in all-cash deal valued at $6.9 bln
Permira to take Squarespace private in all-cash deal valued at $6.9 bln
May 13, 2024
May 13 (Reuters) - Private equity firm Permira will take Squarespace ( SQSP ) private in an all-cash deal valued at about $6.9 billion, the website-design platform said on Monday. Shares of the company, which helps businesses and individuals build, design websites and create e-commerce stores, rose nearly 12% in premarket trading. Permira's offer price of $44 per share, represents...
Copyright 2023-2025 - www.financetom.com All Rights Reserved