Canada Goose lowers FY24 EPS view to C$0.60-C$1.40 from C$1.20-C$1.48

Lowers FY24 revenue view to C$1.2B-C$1.4B from C$1.4B-C$1.5B. Sees FY24 Non-IFRS adjusted EBIT C$135M-C$225M, representing a margin of between 11% and 16%, compared to original guidance of non-IFRS adjusted EBIT of C$210M-C$240M, representing a margin of 15% to 16%. The company said, “Our outlook for the second half of fiscal 2024 has come under pressure due to the increasingly challenging global macro-economic and geopolitical environments that have impacted consumer decision-making and prioritization of spend. As a result, we saw early momentum gathered in our second quarter of fiscal 2024 begin to slow noticeably in September. We have, therefore, revised and expanded our potential range of outcomes to reflect the current environment.”