What Happened?

Canada Goose reported third-quarter EPS of C$1.28, which is down from C$1.40 year-over-year. The company also reported third-quarter revenue of C$576.7 million, down from C$586.1 million year-over-year.

Canada Goose reported an ending third-quarter inventory of C$482 million, which is an increase from inventories of C$368.1 million year-over-year. The company cites lower-than-expected Asia Pacific sales due to COVID disruptions and inventory planning.

Canada Goose additionally cut FY23 total revenue guidance from a range of C$1.2 billion-C$1.3 billion to a new range of C$1.175 billion-C$1.195 billion.

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"We were pleased with accelerating growth in Mainland China toward the end of the quarter and continue to see promising signs of a strong local rebound to date," said Dani Reiss, Chairman and CEO.

According to data from Benzinga Pro, GOOS has a 52-week high of $34.45 and a 52-week low of $14.51.