Adjusted net loss for the quarter widened by 6 cents to CAD 0.21 (approx. $0.16) per share, even as analysts were expecting a loss of just $0.07 per share shares.
GOOS shares fell 1.4% during pre-market trading hours on Thursday. The stock is trading almost flat in the year-to-date period.
READ: 3 metrics that could seal JCPenney’s fate in Q2
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CEO Dani Reiss said, “The affinity and desire we have seen
for our seasonally relevant lightweight offerings tells us our product
expansion is working, and combined with the volume of highly engaged consumers
looking to get ahead of the upcoming Fall / Winter season, we believe our
business has never been stronger as we report our smallest fiscal quarter.”
The company reiterated its outlook for fiscal 2020. For this period,
Canada Goose expects annual revenue growth of at least 20% along with annual
growth in adjusted EPS of at least 25%.