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CA - Canada Goose Q3: Strong Underlying Demand And Attractive Share Buyback
CA Inc.
2024-02-07 15:02:04 ET
Summary
Canada Goose's 3Q24 sales grew 5.8%, missing estimates due to weak wholesale segment but offset by stronger direct-to-consumer sales.
Despite the weather-related poor performance, underlying demand for Canada Goose remains strong, as seen in Black Friday sales and positive DTC trends in January.
The company's performance in China was excellent, suggesting market share capture and potential for further growth.