Canada Goose Holdings’s fiscal fourth-quarter results topped revenue and earnings expectations.
In the period ended April 2, the winter apparel company posted adjusted earnings of C$0.14 a share, up from C$0.04 a share in the year-ago quarter and double the C$0.07 expected by analysts.
Revenue came in at C$293.2 million, up from C$223.1 million and over expectations of C$258.5 million.
Its net loss narrowed to $C3.1 million from C$9.1 million a year earlier.
Canada Goose attributed the bounce to a growing Asia Pacific market, along with Europe and the Middle East, which grew 65.4% and 27.3%, respectively.
Looking ahead, the company expects fiscal 2024 revenue between C$1.4 billion and C$1.5 billion and adjusted net income per diluted share between C$1.20 and C$1.48.
After flying higher in premarket trading, shares of Canada Goose fell nearly 5% to C$26.13 in Toronto and 5% to US$19.46 in New York Thursday morning.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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