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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (133685)11/2/2022 9:16:22 AM
From: Goose94Read Replies (1) of 203353
 
Canada Goose Holdings (GOOS-T) Lowers Outlook On China Concerns

Shares of Canada Goose have been tumbling in the premarket – at last check, down some seven per cent in New York – after the company cut its full-year revenue outlook. The high-end parka maker says it now expects revenue to come in between $1.2-$1.3 billion for the year, down from an earlier view of $1.4 billion. Canada Goose is blaming the economic uncertainty out of China – where COVID-zero policies have taken a bite out of economic growth due to reduced social mobility – for the cut.

BNN.ca
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