(Reuters) -Canada Goose posted a bigger-than-expected quarterly loss on Thursday, hurt by increasing expenses related to investments in designing, merchandising and marketing of its luxury products such as puffer jackets and hoodies.

U.S.-listed shares of the company were down about 3% in premarket trading. They have gained about 27% this year.

The company incurred costs related to expansion of its global retail network and increased marketing spend with Spring-Summer 25 and Snow Goose campaigns.

On adjusted basis, it posted a loss of 91 Canadian cents per share during the first quarter, compared with analysts' average estimate of a loss of 88 Canadian cents, according to data compiled by LSEG.

Quarterly revenue rose to C$107.8 million ($77.86 million), from C$88.1 million a year ago. Analysts had estimated a 5.36% rise to C$92.8 million.

In May, Canada Goose had withheld from providing its fiscal 2026 forecast due to tariff-related uncertainty.

($1 = 1.3846 Canadian dollars)