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Canada Goose Holdings (GOOS.TO) revised down its annual sales outlook last week, indicating that the robust recovery it experienced in China was showing signs of slowing, and sales in the United States remained sluggish. Although demand in China rebounded in the preceding two quarters, there is uncertainty about whether this recovery will be sustained.
The company, whose US-listed shares dropped by 8% during premarket trading, also announced the appointment of Neil Bowden, the current Deputy Finance Chief, as the new Chief Financial Officer. Bowden will take over from Jonathan Sinclair, who is set to assume the role of President, APAC, starting from April 1, 2024.
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