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.
Summary
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Canada Goose Q3: Strong Underlying Demand And Attractive Share Buyback