Canada Goose beats quarterly revenue estimates on steady demand

July 30 (Reuters) - Canada Goose GOOS.TO, GOOS.N beat Wall Street expectations for first-quarter revenue on Thursday, helped by steady demand for its seasonal collections including lightweight jackets and t-shirts.

The company's quarterly revenue rose 10.3% to C$118.9 million ($84.67 million) on a reported basis, from a year ago, above analysts' estimates of C$108.8 million, according to data compiled by LSEG.

Canada Goose also posted a narrower adjusted loss of 89 Canadian cents per share, from a loss of 91 Canadian cents per share a year ago. Analysts had estimated a loss of 96 Canadian cents per share.

The company, however, said that newly announced U.S. tariffs on Canadian imports could affect earnings in the future.

President Donald Trump unveiled 50% tariffs on a broad range of Canadian goods on July 20, with the duties set to take effect in August and apply to several items including clothing.

U.S.-listed shares of Canada Goose dipped about 1% in premarket trading after the luxury goods maker kept its annual revenue forecast unchanged, expecting low-single-digit growth from the prior year.

To widen its customer base, the luxury parka maker has been broadening its product lineup beyond its core down-filled jackets and coats, adding outerwear and lightweight styles suited to more seasons and occasions.

It also introduced its spring and summer collections earlier than in previous years, a move the company said is driving more consistent shopper engagement beyond the winter season.

[Data showed U.S. retail sales rose](Data showed U.S. retail sales rose slightly in June, as wealthier consumers continue to spend, while lower-income households remain under pressure from inflation and moderating wage growth) slightly in June, as wealthier consumers continue to spend, while lower-income households remain under pressure from inflation and moderating wage growth, a trend reflected in Canada Goose's earnings.