Canada Goose’s Q1 Sales Expand 21 Percent, Topping Expectations

August 3, 2023

Canada Goose Holdings, Inc. reported a slightly wider loss in the fiscal first quarter ended July 2 despite 21 percent sales growth. Both sales and earnings topped guidance, and the outerwear maker reiterated its outlook for its fiscal year.

All amounts are in Canadian dollars.

Total revenue of $84.8 million topped company guidance in the range of $70 million to $80 million. Adjusted EBIT of $(91.1) million was ahead of guidance in the range of $(115) million to $(105) million. EPS of $(0.70) per basic share compared with guidance between $(0.89) to $(0.82). SGB Media