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sa¹ú¼Ê´«Ã½ Goose reports Q2 revenue down from year ago, trims full-year guidance

TORONTO — sa¹ú¼Ê´«Ã½ Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago. The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.
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A sa¹ú¼Ê´«Ã½ Goose Clothing company logo is displayed on a storefront in Ottawa on Saturday Sept. 10, 2022. THE CANADIAN PRESS/Sean Kilpatrick

TORONTO — sa¹ú¼Ê´«Ã½ Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.

The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.

Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.

On an adjusted basis, sa¹ú¼Ê´«Ã½ Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.

In its outlook, sa¹ú¼Ê´«Ã½ Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.

It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:GOOS)

The Canadian Press