{"id":10849,"date":"2023-05-19T07:37:41","date_gmt":"2023-05-19T11:37:41","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/canada-goose-caution-on-u-s-eclipses-upbeat-annual-sales-forecast\/"},"modified":"2023-05-19T07:37:41","modified_gmt":"2023-05-19T11:37:41","slug":"canada-goose-caution-on-u-s-eclipses-upbeat-annual-sales-forecast","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=10849","title":{"rendered":"Canada Goose caution on U.S. eclipses upbeat annual sales forecast"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly<\/span>
\n<\/i>\n<\/div>\n

By Deborah Mary Sophia<\/p>\n

(Reuters) -Canada Goose Holdings Inc on Thursday struck a cautious note on its business in the United States as luxury spending cooled in the market, overshadowing an upbeat annual sales forecast driven by a recovery in China and sending its shares down about 11%.<\/p>\n

A reversal in the strict COVID-19 policies in China – a top market for luxury goods – has encouraged wealthy shoppers there to snap up everything from Cartier jewelry and Birkin bags, boosting sales at several high-end labels. <\/p>\n

However, shoppers in the United States are putting a pause to a post-pandemic splurge on high-end clothing and accessories, with companies including ultra-luxury fashion houses like LVMH and Gucci owner Kering <\/span><\/span> (EPA:) seeing sagging demand. <\/p>\n

British luxury label Burberry on Thursday also noted there was a “challenge (in the U.S.) at the moment”, with sales falling 7% in the Americas.<\/p>\n

“We’re not being super ambitious for this year in the U.S…the market is going to be a little bit more challenging in the U.S. because of the macro economics,” Canada Goose Chief Financial Officer Jonathan Sinclair said on an earnings call.<\/p>\n

Canada Goose, popular for its bright-red parkas and pricey puffer jackets, saw U.S. revenue decline 4.5% in the reported quarter. <\/p>\n

“The U.S. customer is a little bit more apprehensive. They are more price conscious, especially now, and the luxury consumer is spending a lot less,” said Liza Amlani, principal at consulting firm Retail Strategy Group.<\/p>\n

Canada Goose also forecast annual per-share profit in the range of C$1.20 to C$1.48, the midpoint of which was lower than estimates of C$1.46 per share, according to Refinitiv data.<\/p>\n

Still, a 65.4% surge in Asia Pacific revenue, coupled with robust demand in Europe and Canada, helped the luxury winterwear maker beat expectations in its fourth-quarter results. <\/p>\n

Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion. <\/p>\n

($1 = 1.3372 Canadian dollars)<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah Mary Sophia (Reuters) -Canada Goose Holdings Inc on Thursday struck a cautious note on its business in the United States as luxury spending cooled in the market, overshadowing […]<\/p>\n","protected":false},"author":1,"featured_media":1465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-10849","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nCanada Goose caution on U.S. eclipses upbeat annual sales forecast | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=10849\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada Goose caution on U.S. eclipses upbeat annual sales forecast | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=10849\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T11:37:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/LYNXNPEB8506G_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10849#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10849\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Canada Goose caution on U.S. eclipses upbeat annual sales forecast\",\"datePublished\":\"2023-05-19T11:37:41+00:00\",\"dateModified\":\"2023-05-19T11:37:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10849\"},\"wordCount\":366,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=10849#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10849\",\"url\":\"https:\/\/ifintechworld.com\/?p=10849\",\"name\":\"Canada Goose caution on U.S. eclipses upbeat annual sales forecast | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-19T11:37:41+00:00\",\"dateModified\":\"2023-05-19T11:37:41+00:00\",\"description\":\"\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=10849#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=10849\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=10849#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada Goose caution on U.S. eclipses upbeat annual sales forecast\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Canada Goose caution on U.S. eclipses upbeat annual sales forecast | iFintechWorld","description":"\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=10849","og_locale":"en_US","og_type":"article","og_title":"Canada Goose caution on U.S. eclipses upbeat annual sales forecast | iFintechWorld","og_description":"\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah","og_url":"https:\/\/ifintechworld.com\/?p=10849","og_site_name":"iFintechWorld","article_published_time":"2023-05-19T11:37:41+00:00","og_image":[{"width":800,"height":541,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/LYNXNPEB8506G_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=10849#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=10849"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Canada Goose caution on U.S. eclipses upbeat annual sales forecast","datePublished":"2023-05-19T11:37:41+00:00","dateModified":"2023-05-19T11:37:41+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=10849"},"wordCount":366,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=10849#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=10849","url":"https:\/\/ifintechworld.com\/?p=10849","name":"Canada Goose caution on U.S. eclipses upbeat annual sales forecast | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-19T11:37:41+00:00","dateModified":"2023-05-19T11:37:41+00:00","description":"\u00a9 Reuters. FILE PHOTO: The logo of Canada Goose is seen in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS\/Andrew Kelly By Deborah","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=10849#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=10849"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=10849#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Canada Goose caution on U.S. eclipses upbeat annual sales forecast"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/10849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10849"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/10849\/revisions"}],"predecessor-version":[{"id":10850,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/10849\/revisions\/10850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1465"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}