Canada Goose: Fiscal 1Q Earnings Snapshot
TORONTO (AP) _ Canada Goose Holdings Inc. (GOOS) on Wednesday reported a loss of $22 million in its fiscal first quarter.
On a per-share basis, the Toronto-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, came to 16 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The high-end coat maker posted revenue of $53.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $37.8 million.
Canada Goose shares have fallen 1% since the beginning of the year. The stock has fallen 20% in the last 12 months.