Demand for luxury goods has remained strong in North America even amid record levels of inflation
, as higher prices of gas and food did not dissuade affluent consumers from splurging on high-end apparel, accessories and perfumes.
Luxury peer and Kate Spade owner Tapestry also saw sales in North America surge, helping it post upbeat quarterly results even as demand in China was hit from recent COVID lockdowns, while Kering’s Gucci also delivered strong growth in the United States. Canada Goose said it expects revenue for fiscal 2023 to be between $1.30-billion and $1.40-billion. Analysts on average expect it to be $1.30-billion, according to Refinitiv IBES data.
The company said it expects an adjusted per-share profit of $1.60 to $1.90 for fiscal 2023. Analysts on average expect profit to be $1.61. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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