Canada Goose Beats Revenue Estimate on Higher Consumer Sales

Luxury-coat maker Canada Goose Holdings Inc. beat revenue estimates on higher direct-to-consumer sales, but notched a larger loss than analysts expected. The shares fell as much as 7.3% after the open in New York before paring some of those losses.

The Toronto-based company reported revenue of C$107.8 million ($77.8 million) for its first fiscal quarter ended June 29, up 22% from a year earlier and higher than the C$92 million estimated by analysts in a Bloomberg survey, according to a statement released Thursday.