AP NEWS
Click to copy
Click to copy

Canada Goose: Fiscal 1Q Earnings Snapshot

August 14, 2019

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOS at https://www.zacks.com/ap/GOOS

All contents © copyright 2019 The Associated Press. All rights reserved.