Canada Goose predicts 'negligible' revenue after coronavirus shutdown
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Canada Goose Holdings Inc. on Wednesday said it expects a more significant impact from the Covid-19 pandemic in its first fiscal quarter after reporting fourth-quarter revenue that topped analysts' expectations.
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It expects a negligible level of revenue for the first quarter, which ends June 28.
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For the first seven weeks of the quarter, 15 of the company's 20 direct-to-consumer retail stores were closed, while two more, in Hong Kong, were affected by tourism restrictions, the Toronto-based apparel seller said. Stores in Paris, Milan and Montreal have since reopened, the company said.