Cuts FY23 revenue view to C$1.175B-C$1.195B from C$1.2B-C$1.3B. 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.
Published first on TheFly
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