Its performance comes after the company announced earlier this year that it was going to cut 17% of its corporate workforce.CA$358 million , which may not compare with the CA$315.5 million expected by LSEG.
Bowden said the growth was supported by domestic shopping in the Chinese mainland, as well as mainland Chinese tourists driving"strong growth" in Hong Kong and Macao.Online and in-store sales for the period, he added, were"bolstered by the company's Lunar New Year marketing campaign and complemented by a longer peak selling period, given the later date of the Lunar New Year compared to last year.
Moving forward, the CFO said the company is expecting mid-single-digit growth in revenue, which he expects will be guided by advances in the direct-to-consumer business. He also said he expects comparable store sales to grow"somewhere in the low single digits." Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyBowden said the company's performance in China and Asia Pacific over the past three months is in line with the view of mid-single-digit growth for the luxury business. North America, however, has been under"a little bit more pressure," he said.. Canada Goose reported that the layoffs had generated about 20 million Canadian dollars, or around $14.