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Canada Goose misses quarterly revenue expectations

Reuters
·1-min read

Feb 1 (Reuters) - Canada Goose Holdings missed analysts' estimates for quarterly revenue on Thursday, as a strong recovery in China failed to cushion the hit from weakening sales in the U.S.

The Ontario-based company's revenue rose to C$609.9 million ($453.5 million) in the third quarter of its fiscal year, from C$576.7 million a year earlier. Analysts on average had expected revenue of C$620.1 million, according to LSEG IBES data. ($1 = 1.3449 Canadian dollars) (Reporting by Aatrayee Chatterjee and Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)