Canada Goose beats quarterly sales estimates on China rebound
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Aug 3 (Reuters) - Canada Goose Holdings beat Wall Street estimates for quarterly revenue on Thursday, bolstered by strong demand for its high-end parkas in China, as the key luxury market recovered from a pandemic-driven lull.
The Toronto, Ontario-based company's revenue rose to C$84.8 million ($63.44 million) in the first quarter of its fiscal year, from C$69.9 million a year earlier. Analysts on average had expected revenue of C$75.4 million, according to Refinitiv data. ($1 = 1.3368 Canadian dollars) (Reporting by Deborah Sophia in Bengaluru; Editing by Milla Nissi)
