Investing.com - Canada Goose reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of C$-0.21 on revenue of C$71.1M. Analysts polled by Investing.com anticipated EPS of C$-0.24 on revenue of C$54.95M. That compared to EPS of C$-0.16 on revenue of C$44.7M in the same period a year earlier. The company had reported EPS of C$0.09 on revenue of C$156.2M in the previous quarter.
Canada Goose shares lost 8.33% to trade at C$52.36 in intra-day trade following the report.
For the year, Canada Goose shares are down 12.27%, under-performing the S&P/TSX which is up 13.48% year to date.
Canada Goose follows other major Consumer Cyclical sector earnings this month
On Thursday, August 8, 2019, Linamar reported second quarter EPS of C$2.4 on revenue of C$2.09B, compared to forecasts of EPS of C$2.68 on revenue of C$2.17B.
Martinrea earnings beat analyst's expectations on Tuesday, August 6, 2019, with second quarter EPS of C$0.66 on revenue of C$948.53M. Investing.com analysts expected EPS of C$0.65 on revenue of C$990.12M
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