Canada Goose reports $3.3M Q2 profit, cuts guidance for full year
BNN Bloomberg
Canada Goose reported its quarterly profit fell compared with a year ago and lowered its full-year financial guidance due to COVID-19 restrictions in China.
The luxury parka maker says it now expects total revenue for its current financial year to be between $1.2 billion and $1.3 billion, down from earlier expectations for between $1.3 billion and $1.4 billion.
The company also reduced its guidance for adjusted net income per diluted share for the full year to between $1.31 and $1.62 compared with its original forecast for between $1.60 and $1.90.
The revised guidance came as Canada Goose reported a second-quarter profit of $3.3 million or three cents per diluted share, down from $9.9 million or nine cents per diluted share in the same quarter last year.
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