The chief executive of Canada Goose Holdings Inc. defended the luxury parka retailer’s growth plans as its shares lost about a quarter of their value in the wake of the company’s latest financial results and guidance. Revenue for the company’s most recent quarter also showed the slowest growth in eight quarters and missed analyst expectations, noted Cannacord Genuity Wealth Management in a morning market commentary. Revenue totalled $156.2 million, up from $124.8 million, while analysts on average had expected $156.78 million, according to Thomson Reuters Eikon. He also said the company plans to launch a footwear line in the coming years, which he sees as a natural extension for Canada Goose considering its reputation for warmth and protection from the elements. Canada Goose has not yet announced a date for the footwear launch, but Reiss said it likely won’t be next year.

Source: thestar May 29, 2019 14:21 UTC