An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019.
The company also estimated annual sales to decrease 2% to an increase of 1%, compared with the previous forecast of an increase between 5% and 7%.
Canada Goose expects full-year revenue to be between C$1.20 billion ($864.49 million) and C$1.40 billion, compared with its previous forecast of C$1.40 billion to C$1.50 billion.
Canada Goose also saw revenues in the United States region decline nearly 11% as demand for high-end goods by affluent shoppers sag.
Shares of Estee fell about 13% in premarket trading while U.S.-listed shares of Canada Goose were down 11%.
Persons:
Lauder, Lucy Nicholson, Estee Lauder, Estee, Goose, Tom Ford's, Ananya Mariam Rajesh, Aatrayee Chatterjee, Shounak Dasgupta, Maju Samuel, Sriraj
Organizations:
REUTERS, Canada Goose Holdings, L'Oreal, Canada, U.S, Thomson
Locations:
Los Angeles , California, U.S, China, Canada, Asia, Korea, Hainan, Estee, United States, Bengaluru