Canada Goose Stock (GOOS) Pops as Revenue Rises 18%
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Canada Goose (GOOS) shares are rising after the company reported an 18% year-over-year revenue increase, totaling $453.3 million in the fiscal fourth quarter. However, profits remained unchanged at $0.28 per share, falling short of Wall Street's expectation of $0.40. Despite the positive sales growth, Canada Goose anticipates low-single digit revenue growth for the upcoming fiscal year, as it continues to navigate challenges in the luxury market, particularly in China.
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