Salem Radio Network News Wednesday, September 28, 2022

Business

Canada Goose revenue beats estimates on firm luxury apparel demand

(Reuters) – Canada Goose Holdings Inc on Thursday beat Wall Street estimates for quarterly revenue, as affluent consumers undeterred by decades-high inflation boosted sales of its luxury parkas and jackets.

The company’s revenue rose to C$69.9 million ($54.75 million) in the first quarter ended July 3, from C$56.3 million, a year earlier. Analysts had expected revenue of C$62.6 million, according to IBES data from Refinitiv.

($1 = 1.2768 Canadian dollars)

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Vinay Dwivedi)

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