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By
Reuters
Published
Nov 5, 2020
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Canada Goose beats revenue estimates on online boost

By
Reuters
Published
Nov 5, 2020

Canada Goose Holdings Inc beat estimates for quarterly revenue on Thursday, as higher online sales helped the luxury parka maker cushion a hit from its tepid wholesale business.


Instagram @canadagoose



Revenue fell to C$194.8 million ($148.52 million) in the second quarter ended Sept. 27, from C$294 million a year earlier, but beat the average analyst estimate of C$167.2 million, according to IBES data from Refinitiv.

Toronto, Ontario-based Canada Goose said net income fell to C$10.4 million, or 9 Canadian cents per share, from C$60.6 million, or 55 Canadian cents per share, a year earlier.

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