Canada Goose stock jumps on earnings, Fossil Group stock dips
In this article:
Yahoo Finance Live's Brad Smith discusses stock performance for Canada Goose and Fossil Group.
Video Transcript
BRAD SMITH: Everyone switching gears here. Shares of Canada Goose-- the goose is loose after the company beat on revenue and they posted smaller than expected loss in the first quarter. You're taking a look at shares, they're up by about 5 and 1/2 percent right now. The latest luxury retailer to see consumers maintain their high level of spending.
Let's also talk about a different picture though, and this is fossil. Shares of that company, you're seeing them move lower. This is after the company lowered its fiscal 2022 sales outlook. Inflation weighs on its target consumer. Taking a look at shares right now, down by about 5 and 1/2 percent.
