(Toronto) Canada Goose Holdings reported a net loss of $85 million in its most recent quarter on Thursday as the company opened a handful of new stores outside the country.
The Toronto-based maker of luxury parkas and other outerwear said its first-quarter result compared with a net loss of $63.6 million for the same period last year.
Net loss for the quarter ended July 2 was 78 cents, down from 59 cents in the previous first quarter.
Analysts on average had expected a loss of 88 cents per share, according to forecasts compiled by financial data firm Refinitiv.
Canada Goose’s adjusted net loss totaled $73.4 million, compared to an adjusted net loss of $59.7 million a year earlier.
Its revenue climbed to 84.8 million from 69.9 million in the first quarter of last year.
Canada Goose opened new stores in Dublin, Las Vegas and Washington in the most recent quarter, in addition to relocating its flagship store in Beijing.
Company in this story: (TSX: GOOS)