Investing.com – Canada Goose launched the general slump on retailers on Wednesday after the apparel company's earnings led to a series of disappointing reports in the industry.
Retailers' cash registers do not ring in the rhythm of a seemingly strong consumer trend. And the efforts to cope with the e-commerce wave, to compensate for the persistent malaise in the stationary retail, were unsuccessful.
This is the message of a number of clothing companies, including Canada Goose and Capri Holdings After positive outlook dropped significantly.
Canada Goose (NYSE 🙂 issued a mixed fourth-quarter report with a 0.08 C $ profit surveyed by Refinitiv, with sales of $ 1
Worryingly, the Company's full-year outlook also failed to meet expectations of revenue growth of at least 20% and adjusted earnings per share growth of at least 25%. Shares fell by almost 30%.
Apparel company Capri Holdings (NYSE 🙂 posted a profit leap in both earnings and earnings, but its below-consensus forecasts were punished and fell more than 11% before rebounding slightly
The company returned $ 0.63 on revenue of $ 1.34 billion and $ 1.33 billion on revenue of $ 0.61.
In the first quarter, Capri Holdings achieved total revenues of $ 1.36 billion and earnings of $ 0.85 to $ 0.90, behind analysts' estimates for revenues of $ 1.44 billion. USD and earnings of $ 1.23 per share.
The weaker prospects of the duo of shockwaves sent by retailers American Eagle Outfitters The SPDR S & P Retail ETF (NYSE 🙂 fell 2.5%.
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