Business Canada Goose slashes 2020 forecasts on hit from coronavirus

Canada Goose slashes 2020 forecasts on hit from coronavirus

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Canada Goose Holdings Inc now tasks full- year adjusted revenue growth to be in a series of 2.2 percent decline to 0.7 percent rise from a year previously, compared to a previous projection of a minimum of 25 percent growth. Christinne Muschi/Bloomberg

Canada Goose Holdings Inc. slashed its profits and revenue growth forecasts for financial 2020, mentioning a hit from the current break out of the coronavirus in China.

It forecasted full- year adjusted revenue growth to be in a series of 2.2 percent decline to 0.7 percent rise from a year previously, compared to a previous projection of a minimum of 25 percent growth.

The business anticipates profits to grow in between 13.8 percent and 15 percent, compared to its previous projection of a minimum of 20 percent growth.

© & copy; Thomson Reuters 2020

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