TORONTO — sa¹ú¼Ê´«Ã½ Goose Holdings Inc. has reduced its forecast for the year as new COVID-19 variant outbreaks and restrictions send a chill over the luxury parka maker's profit and revenue expectations.
The Toronto-based company says lower than expected sales and retail traffic in parts of Asia and Europe prompted it to scale back its outlook for 2022.Â
The revision came as sa¹ú¼Ê´«Ã½ Goose reported a profit of $151.9 million or $1.41 per diluted share for its quarter ended Jan. 2, up from $107 million or 96 cents per diluted share a year earlier.Â
The outdoor clothing company says revenue for what was its third quarter totalled $586.1 million, up from $474 million a year earlier.
On an adjusted basis, sa¹ú¼Ê´«Ã½ Goose says it earned $1.42 per diluted share, up from an adjusted profit of $1.01 per diluted share a year earlier.Â
Analysts on average had expected an adjusted profit of $1.45 per share and $583.24 million in revenue.
This report by The Canadian Press was first published Feb. 10, 2022.
Companies in this story: (TSX:GOOS)
The Canadian Press