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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (82453)8/11/2020 8:20:20 AM
From: Goose94Read Replies (2) | Respond to of 203765
 
Canada Goose Holdings (GOOS-T) Revenue Plunges

The parka maker’s revenue sank almost 65% in its fiscal first quarter, and there’s more to come as it warned today of another “significant revenue decline” in the current quarter. The impact of COVID-19 was evident in Canada Goose’s results. In addition to a sharp drop in revenue, the company’s net and adjusted losses widened (although not to the extent predicted by analysts). As the pandemic lingers, Canada Goose says it’s going to concentrate on new store openings in Mainland China where it says “the recovery of traffic remains ahead of other markets.” I’ve seen the shares down more than seven per cent in pre-market trading. BNN.ca