— Canada Goose Holdings Inc. (NYSE: GOOS) reported its third-quarter 2020 adjusted earnings of CAD1.08 per share versus CAD1.07 per share expected.
— Total revenue grew by 13% to CAD452.1 million versus CAD448.18 million expected.
— DTC revenue jumped by 28% driven by incremental revenue from new retail stores. Retail revenue in Hong Kong was severely impacted by disruptions to tourism and retail traffic, together with frequent reductions to regular store operating hours and unplanned store closures.
— Wholesale revenue decreased by 8% due to a higher proportion of total order shipments occurring in the first half of fiscal 2020 relative to last year.
— The coronavirus outbreak has a material negative impact on performance in the current fourth-quarter. The health crisis has resulted in a sharp decline in customer traffic and purchasing activity.
— Retail stores and e-commerce across Greater China continue to experience significant reductions in revenue. Due to global travel disruptions, retail stores in international shopping destinations in North America and Europe are also affected.
— For fiscal 2020, the company expects revenue to grow by 13.8-15% to CAD945-955 million while adjusted earnings are set to be in the CAD1.33-1.37 per share range. The consensus estimates EPS of CAD1.68 on revenue of CAD1.03 billion.
Most Popular
Infographic: Nvidia (NVDA) Q4 revenue up 61%; earnings beat
Nvidia Corporation (NASDAQ: NVDA) Wednesday said its fourth-quarter revenues and profit increased in double-digits amid elevated demand. The results also topped the Street view, driving the stock higher during the
Nutanix (NTNX) Earnings: 2Q21 Key Numbers
Nutanix (NASDAQ: NTNX) reported second quarter 2021 earnings results today. Total revenue remained flat at $346.4 million compared to the same period a year ago. GAAP net loss was $287.3
Macy’s (M) expects digital channels to generate approx. $10 billion in sales by 2023
Shares of Macy’s Inc. (NYSE: M) were down 2.7% in morning trade on Wednesday. The stock has gained 37% since the beginning of the year. A day ago, the retailer
