Canada goose getting crushed in the pre-market Revenue
Q3 2023 revenue declined 1.6% on a reported basis and 2.2% on a constant currency revenue basis 3 .
Wholesale revenue declined 17.3%. The decline was attributable to earlier shipments in Q2 2023.
Full Year Fiscal 2023 Outlook 10
For fiscal 2023, the Company has lowered its overall guidance ranges from the previous outlook due to worse than expected COVID-19 related disruptions for most of Q3 2023 in Mainland China and slowing momentum in North America against a challenging macro-economic environment. The Company remains relentlessly focused on capitalizing on its growth opportunities and driving further brand heat while also tightly controlling all non-strategic spend in an effort to maximize profitable growth.
The Company currently expects:
- Total revenue $1.175Bn to $1.195Bn compared to previous guidance of $1.200Bn to $1.300Bn provided in Q2 2023 earnings release.
- Non-IFRS adjusted EBIT $167m to $182m, representing a margin of 14.2% to 15.3% compared to previous guidance of non-IFRS adjusted EBIT $215m to $255m, representing a margin of 17.9% to 19.6%.
- Non-IFRS adjusted net income per diluted share $0.92 to $1.03 compared to previous guidance of non-IFRS adjusted net income per diluted share $1.31 to $1.62.