Canada Goose 2% after earnings
(Reprinted from above link)
Canada Goose (NYSE:GOOS) reports revenue increasing by 40.4% in Canada in FQ1, 15.8% in the U.S. and 79.7% for Europe and the rest of the world.
Gross profit fell to 57.5% of sales vs. 64.0% a year ago. The change in gross margin was driven by mix, with a higher proportion of wholesale revenue, and within the channel, a greater share of international distributor revenue due to earlier shipments. The gross margin rate for the direct-to-consumer business was 74.7%.
The company reiterates its prior guidance issued in May.
Shares of Canada Goose are up 1.83% in premarket trading to $44.00.
Previously: Canada Goose Holdings EPS misses by $0.03, beats on revenue (Aug. 14)
See all stocks o