Canada Goose Holdings shares dropped the most since it went public in 2017 after it reported quarterly revenue that missed analysts’ estimates, reigniting concerns that the luxury parka maker’s meteoric growth era is ending. The company reported fourth-quarter revenue of $156.2 million, below analysts’ average estimate of $158.9 million. That’s the first revenue miss since Canada Goose went public in 2017. While adjusted profit beat expectations, the rare revenue miss may raise concerns about the demand for its products. Adjusted net income per share will rise at least 25 per cent, also short of the 29 per cent growth forecast from analysts.

Source: thestar May 29, 2019 13:12 UTC