Canada Goose Q1 sales increase but net loss widens

Canada Goose Holdings Inc., for the first quarter ended June 2019 reported total revenue increase of 59.1 percent to 71.1 million Canadian dollars (53.4 million dollars) or 58.6 percent on a constant currency basis. Net loss for the quarter was 29.4 million Canadian dollars (22.1 million dollars) or 0.27 Canadian dollar per basic and diluted share, compared to 18.7 million Canadian dollars or 0.17 Canadian dollar per basic and diluted share, while adjusted net loss was 22.8 million Canadian dollars (17 million dollars) or 0.21 Canadian dollar per basic and diluted share, compared to 16.7 million Canadian dollars or 0.15 Canadian dollar per basic and diluted share.