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Canada Goose misses third-quarter revenue estimates on choppy China demand
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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)

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