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Canada Goose Falls as Guidance Is Unchanged Amid Revenue Surge

Jackets and parkas hang on display at the Canada Goose store in Montreal, Quebec. — Jackets and parkas hang on display at the Canada Goose store in Montreal, Quebec.
Photographer: Christinne Muschi/Bloomberg

By

Sandrine Rastello

August 14, 2019, 11:10 AM UTCUpdated onAugust 14, 2019, 12:56 PM UTC

Canada Goose Holdings Inc. dropped 4% after the luxury clothing maker stuck to an annual forecast even as revenue topped expectations in the latest quarter.

In a phone interview, Chief Executive Officer Dani Reiss said it would have been “irresponsible” for him to change guidance based on the smallest sales quarter of the fiscal year.