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Canada Goose reports higher profit but lowers revenue growth forecast due to weak sales in China.
Canada Goose reported a higher third-quarter profit but saw a slight decrease in revenue, mainly due to weaker sales in China.
The company's shares fell by 5.64% after the results were released.
Canada Goose now expects flat to low-single-digit revenue growth for the fiscal year 2025, revising its earlier forecast of a mid-single-digit rise due to weak consumer spending in China.
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Canadá Goose reporta mayores beneficios pero reduce el crecimiento de los ingresos pronosticado debido a las bajas ventas en China.