Skip to content

Canada Goose Plunges After Sales View Cut on Weakness Abroad

     

     

Photographer: Christinne Muschi/Bloomberg
Updated on

Shares of Canada Goose Holdings Inc. had their biggest drop in more than two years after the maker of designer parkas cut its annual forecast due to lower sales in Asia and Europe.

The company said it now sees fiscal 2022 revenue in the range of C$1.09 billion to C$1.11 billion ($860 million to $876 million), down from a prior forecast of C$1.13 billion to C$1.18 billion. Canada Goose also cited Covid-19 variant outbreaks and virus-related restrictions in the current quarter as an additional drag on its outlook.