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Canada Goose Narrows Annual Guidance; Expects Q4 Earnings In Line With View

Canada Goose Holdings Inc. (GOOS, GOOS.TO), a Canadian holding company of winter clothing makers, on Thursday updated its full-year guidance, narrowing it from the earlier view.

Excluding items, for the fourth-quarter, the company expects to report earnings per share of C$0.02 to C$0.13.

On average, 10 analysts polled by Thomson Reuters expect the firm to register income per share of C$0.08, for the quarter. Analysts' estimates typically exclude special items.

For the fourth-quarter, Canada Goose anticipates revenue of C$310 million to C$330 million, above the analysts' estimate of C$301.03 million.

Excluding items, for the full year, the company now projects earnings per share of C$0.82 to C$0.92 against its previous outlook of C$0.60 to C$1.40.

Analysts, on average, forecast the firm to post annual income per share of C$0.88.

The clothing major now expects annual revenue of C$1.285 billion to C$1.305 billion against its previous guidance of C$1.2 billion to C$1.4 billion.

Analysts, on average, forecast the company to post annual revenue of C$1.29 billion.

by RTTNews Staff Writer

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