Canada Goose jumps 16% after the company reports growth surge in China
Publishing timestamp: 2024-05-16 16:34:21
Summary
Canada Goose shares surged 16% after reporting earnings for fiscal fourth quarter and announcing expected sales growth for fiscal year 2025. The company saw increases in revenue and net income, with strong growth in Greater China and Asia-Pacific regions. The finance chief expects mid-single-digit revenue growth next fiscal year, driven by advances in direct-to-consumer business. Analysts also discussed Alphabet and a Chinese electric vehicle maker, while Berkshire Hathaway reported its Q1 2024 figures.
Sentiment: POSITIVE
Tickers: BRK.A, GOOS, GOOS-CA, GOOGL,
Keywords: breaking news: business, retail industry, business, earnings, business news, china, canada goose holdings inc,
Source: https://www.cnbc.com/2024/05/16/canada-goose-goos-q4-earnings-report-2024.html