Canada Goose Holdings estimated fourth-quarter sales that were higher than analysts’ projections, as the luxury goods producer banks on a fast comeback in key market China to help it weather a slump in the United States.
Luxury brands such as LVMH and Cartier owner Richemont have signaled a rebound in China in their most recent reports, allaying investor concerns about demand in the area that has emerged as a key growth engine for the sector.
Asia-Pacific revenue increased 62 per cent in the third quarter, owing to improved tourism and high sales on Greater China’s Singles’ Day. This compared to a 13 per cent increase the previous quarter, when a post-pandemic buying splurge failed to materialize.
Chief Financial Officer Jonathan Sinclair stated, “China has not been exempt from the weak macro-environment that we are experiencing globally.”
“In terms of the Asia recovery, I believe there is a lot of volatility in the numbers,” said Javier Gonzalez Lastra, luxury-focused fund manager at Tema ETFs.
Revenue from North America dropped 14 per cent to C$ 252.4 million. Wholesale channel sales fell 29 per cent as US retailers cut back on purchases. The Ontario-based firm projected fourth-quarter revenue between C$ 310 million and C$ 330 million, compared to projections of C$ 301 million LSEG data.
Bharat Tex Special Report 2026 
