Yahoo Finance Canada Goose Loses Flight on Earnings Warning
Investing.com - Canada Goose (NYSE:GOOS) had its feathers ruffled after an earnings call on Wednesday, as the retailer warned that recent protests in Hong Kong will have a significant impact on the current quarter.
Shares of Canada Goose fell 10.4% in midday trade.
Wholesale revenue is also expected to decrease in fiscal third-quarter due to the timing of winter orders, management said on the call.
The company reported a strong beat on the top and bottom lines, as its sales rose in Asia. Earnings per share came in at $0.43 on $222.2 million in revenue, compared to expectations for EPS of $0.32 on $201.3 million in revenue, according to data from Investing.com.
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