Canada Goose Drops With Spending Boost, Tourism Outlook

(Bloomberg) -- Parka maker Canada Goose Holdings Inc. posted earnings and revenue for the fiscal fourth quarter that beat analysts’ estimates because of strong online orders. The shares as much as 7% in New York after rising in pre-market trading.

• The company issued a new outlook, projecting sales in the current year will top C$1 billion ($823 million) for the first time. For the quarter ended March 28, revenue rose 48% from a year earlier to C$208.8 million, well above the C$164.1 million expected by analysts.

Key Insights

Market Reaction

• The shares fell 4.8% to $39.50 as of 9:55 a.m. in New York. They were up 39% this year through Wednesday’s close.

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