The company, which keeps its books in
The guidance implies an increase in revenue of 25 to 27 per cent compared with the same quarter a year earlier.
However, the company says it expects its gross margins for its fourth quarter to decline compared with earlier expectations that they would rise.
The athletic clothing maker says it expects gross margins for the fourth quarter of its 2022 financial year to decline 90 to 110 basis points compared with earlier expectations for an increase of 10 to 20 basis points. (A basis point is one-hundredth of a percentage point.)
This report by The Canadian Press was first published
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