Canada Goose Drops After Cutting Outlook on China, Economy
- Firm cites uncertain economic and political environment
- Second quarter revenue grew in all regions except Asia Pacific
An employee sews a zipper onto a jacket at a Canada Goose Inc. manufacturing facility
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Canada Goose Holdings Inc. lowered its outlook for the year, saying coronavirus restrictions in China and “significant uncertainty” in the global economy will hurt sales and margins.
The Canadian manufacturer of high-end parkas and apparel said it expects revenue to come in at C$1.2 billion ($882 million) to C$1.3 billion for the fiscal year that ends next March. Previously, it projected as much as C$1.4 billion.