Canada Goose Holdings Inc GOOS reported first-quarter adjusted earnings per share of 9 cents in Canadian dollars, up from 7 cents in the same period last year. The group reported sales of C$156.2 million, up from C$124.8 million in the first quarter of 2018.
"We entered the year with a very ambitious agenda of global growth, and we have surpassed it with flying colours," said CEO Dani Reiss in a press release. "We have come a long way in a short time and we have done it the right way - by preserving the purity of our brand and building for the future. Our business and our people have never been stronger. I believe that we are still just scratching the surface of our long-term potential as we continue to define performance luxury globally."
Canada Goose shares were trading down 13.5 percent at $42.40 early Wednesday morning.
Related links:
Credit Suisse Says Canada Goose Stock Pressure Appears Overdone
Canada Goose Analysts React To Q3 Print: Should Investors Buy The Dip?
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