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BRIEF-Canada Goose Holdings Reports Qtrly Loss Per Share C$0.46

Published 2020-08-11, 06:59 a/m
© Reuters.
GOOS
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Aug 11 (Reuters) - Canada Goose Holdings Inc GOOS.TO :

* CANADA GOOSE REPORTS RESULTS FOR FIRST QUARTER FISCAL 2021

* QTRLY TOTAL REVENUE $26.1 MILLION

* QTRLY LOSS PER SHARE C$0.46

* QTRLY NON-IFRS ADJUSTED NET LOSS $0.35 PER DILUTED SHARE

* 21 OF 22 RETAIL STORES IN DTC CHANNEL GLOBALLY ARE NOW IN OPERATION

* NEGATIVE FINANCIAL IMPACTS OF COVID-19 HAVE CONTINUED IN Q2

* QTRLY TOTAL REVENUE WAS $26.1 MILLION VERSUS $71.1 MILLION

* NEW OPENINGS THIS YEAR WILL BE CONCENTRATED IN MAINLAND CHINA, WHERE RECOVERY OF TRAFFIC REMAINS AHEAD OF OTHER MARKETS

* CONTINUES TO NOT PROVIDE AN OUTLOOK FOR FISCAL 2021

* MEASURES TAKEN TO REDUCE ANTICIPATED CASH EXPENSES AND INVESTMENTS BY $90.0 MILLION IN Q1 OF FISCAL 2021 WERE FULLY MET

* ALONGSIDE CONTINUED PRODUCTION OF PPE, DOWN-FILLED JACKET MANUFACTURING HAS RESTARTED ON A LIMITED BASIS

* CANADA GOOSE HOLDINGS - ON AN ANNUAL BASIS EXPECTS LOWER WHOLESALE REVENUE & LATER SHIPMENT TIMING, RELATIVE TO FISCAL 2020

* CANADA GOOSE HOLDINGS - CURRENTLY PLANS TO PRODUCE ROUGHLY ONE THIRD OF 2020 OUTPUT, WITH INTENTION OF SIGNIFICANTLY REDUCING INVENTORY BY END 2021

* Q1 EARNINGS PER SHARE VIEW C$-0.43, REVENUE VIEW C$18.3 MILLION -- REFINITIV IBES DATA

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