Canada Goose Beats Q1 Revenue Estimates on Strong Non-Winter Clothing Demand

Reuters08-01

Aug 1 (Reuters) - Canada Goose Holdings, beat Wall Street estimates for quarterly revenue on Thursday, benefiting from consumer demand for its non-winter clothing that includes fleece, sweats and lightweight hoodies.

Canada Goose, which is known for its heavyweight puffer jackets and red parkas, has been trying to enter the non-winter category by expanding its product offering to include rain and warm weather clothing such as t-shirts and shorts.

The Toronto, Ontario-based company's first-quarter revenue rose to C$88.1 million ($63.7 million) from C$84.8 million a year earlier. Analysts on average had expected revenue of C$86.1 million, according to LSEG.

The first quarter, which entails the spring season and the beginning of summer, is typically the slowest quarter for Canada Goose which makes the most of its revenue during the winter season through sales of heavyweight jackets.

U.S.-listed shares of Canada Goose fell 3% in premarket trading.

The company reaffirmed its fiscal 2025 revenue growth target for a low single-digit percentage, and continues to expect annual adjusted profit to rise in a mid-teen percentage range.

($1 = 1.3824 Canadian dollars)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1169065895?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-01 19:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169065895","market":"us","top_or_hot":-1,"title":"Canada Goose Beats Q1 Revenue Estimates on Strong Non-Winter Clothing Demand","media":"Reuters","content":"<html><head></head><body><p>Aug 1 (Reuters) - Canada Goose Holdings, beat Wall Street estimates for quarterly revenue on Thursday, benefiting from consumer demand for its non-winter clothing that includes fleece, sweats and lightweight hoodies.</p><p>Canada Goose, which is known for its heavyweight puffer jackets and red parkas, has been trying to enter the non-winter category by expanding its product offering to include rain and warm weather clothing such as t-shirts and shorts.</p><p>The Toronto, Ontario-based company&#39;s first-quarter revenue rose to C$88.1 million ($63.7 million) from C$84.8 million a year earlier. Analysts on average had expected revenue of C$86.1 million, according to LSEG.</p><p>The first quarter, which entails the spring season and the beginning of summer, is typically the slowest quarter for Canada Goose which makes the most of its revenue during the winter season through sales of heavyweight jackets.</p><p>U.S.-listed shares of Canada Goose fell 3% in premarket trading.</p><p>The company reaffirmed its fiscal 2025 revenue growth target for a low single-digit percentage, and continues to expect annual adjusted profit to rise in a mid-teen percentage range.</p><p>($1 = 1.3824 Canadian dollars)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canada Goose Beats Q1 Revenue Estimates on Strong Non-Winter Clothing Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanada Goose Beats Q1 Revenue Estimates on Strong Non-Winter Clothing Demand\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-01 19:30 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 1 (Reuters) - Canada Goose Holdings, beat Wall Street estimates for quarterly revenue on Thursday, benefiting from consumer demand for its non-winter clothing that includes fleece, sweats and ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOOS","symbol_name":"加拿大鹅","start_time":0,"source_url":"","article_id":"1169065895","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169065895","pubTimestamp":1722511800,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Aug 1  - Canada Goose Holdings, beat Wall Street estimates for quarterly revenue on Thursday, benefiting from consumer demand for its non-winter clothing that includes fleece, sweats and lightweight hoodies.Canada Goose, which is known for its heavyweight puffer jackets and red parkas, has been trying to enter the non-winter category by expanding its product offering to include rain and warm weather clothing such as t-shirts and shorts.The Toronto, Ontario-based company's first-quarter revenue r","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GOOS":"加拿大鹅"},"translate_title":"由于非冬季服装需求强劲，加拿大鹅第一季度收入超出预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOOS":1.1},"content_text":"Aug 1 (Reuters) - Canada Goose Holdings, beat Wall Street estimates for quarterly revenue on Thursday, benefiting from consumer demand for its non-winter clothing that includes fleece, sweats and lightweight hoodies.Canada Goose, which is known for its heavyweight puffer jackets and red parkas, has been trying to enter the non-winter category by expanding its product offering to include rain and warm weather clothing such as t-shirts and shorts.The Toronto, Ontario-based company's first-quarter revenue rose to C$88.1 million ($63.7 million) from C$84.8 million a year earlier. Analysts on average had expected revenue of C$86.1 million, according to LSEG.The first quarter, which entails the spring season and the beginning of summer, is typically the slowest quarter for Canada Goose which makes the most of its revenue during the winter season through sales of heavyweight jackets.U.S.-listed shares of Canada Goose fell 3% in premarket trading.The company reaffirmed its fiscal 2025 revenue growth target for a low single-digit percentage, and continues to expect annual adjusted profit to rise in a mid-teen percentage range.($1 = 1.3824 Canadian dollars)","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1169065895"}