Canada Goose cuts FY20 guidance as coronavirus hits sales

Canada Goose Holdings Inc. reported strong international growth led by a standout performance in Asia, where revenue doubled to 94.7 million Canadian dollars (71.1 million dollars). Total revenue increased by 13.2 percent to 452.1 million Canadian dollars (339.4 million dollars) or 13.7 percent on a constant currency basis. The company’s net income was 118 million Canadian dollars (88.6 million dollars) or 1.07 Canadian dollars (80 cents) per diluted share, compared to 103.4 million Canadian dollars or 0.93 Canadian dollar per diluted share. Adjusted EBIT was 163.8 million Canadian dollars (123 million dollars), while adjusted net income was 119.7 million Canadian dollars (89.8 million dollars) or 1.08 Canadian dollars (81 cents) per diluted share, compared to 107.2 million Canadian dollars or 0.96 Canadian dollare per diluted share.