The Minister of Sports assures that team activity will resume “on May 11”

first_imgThe Sports Minister of France, Roxana Maracineanu, has assured that team sports activity will resume “from Monday, May 11“with” specific rules of distancing “, a measure that contrasts with the decision of Ligue 1 to end the season by proclaiming Paris Saint-Germain champion.“The sport will resume in France from May 11, with very specific rules of distancing“He declared in an interview with the French station France Info.” The training sessions can be done with groups of less than ten people, abroad, “he added.In this sense, the former swimmer explained that all federations, “including collective sports and judo”, may “carry out activities, respecting the distance”. “We are also working on the reopening of facilities depending on the evolution of the pandemic,” he said. Thursday, the French Professional Football League (LFP) closed the 2019-20 season at a professional level in the country, after the decisions taken by the prime minister, and determined with “an index of performance” that Paris Saint-Germain proclaimed itself champion of Ligue 1 and also that Amiens SC descended in company with Toulouse FC.On the other hand, Maracineanu reassured clubs and federations, ensuring that they will continue to receive financial support. “From the first day, the Sports Ministry has supported associations, clubs, federations and all companies in the sports sector. They were able to benefit from measures such as partial unemployment, with the possibility of accessing the subsidy guaranteed by the State,” he said.“Sport, like culture, will continue to benefit from a support fund to face progressive de-escalation, because there will be no events until at least August“He continued, stressing that they will ensure that private companies and sponsors continue to” invest “in sport.” Sport is essential for health, and health will be the government’s priority, even after the crisis, “he concluded.last_img read more

Canada Goose just reported its first revenue miss since it went public

first_img Email Share this storyCanada Goose just reported its first revenue miss since it went public — and the stock is plunging Tumblr Pinterest Google+ LinkedIn Recommended For YouBank of Canada expected to part ways with central bankers around the world todayJapan to lead development of SWIFT network for cryptocurrency -sourceU.S. Senator Schumer asks FBI, FTC to probe Russia’s FaceApp over security concernsChina’s cross-border capital flows will remain basically stable in H2-regulatorNickel strikes 1-yr highs as rally picks up speed Canada Goose Holdings Inc. reported quarterly revenue that missed analysts’ estimates, reigniting concerns that the luxury parka maker’s meteoric growth era is ending. Shares plunged in early New York trading.The company reported fourth-quarter revenue of $156.2 million, below analysts’ average estimate of $158.9 million. That’s the first revenue miss since Canada Goose went public in 2017. While adjusted profit beat expectations, the rare revenue miss may raise concerns about the demand for its products. May 29, 20199:09 AM EDT Filed under News Retail & Marketing Comment Facebook Concerns that the luxury parka maker’s meteoric growth era is ending.Christinne Muschi/Bloomberg Canada Goose just reported its first revenue miss since it went public — and the stock is plunging Is the luxury parka maker’s meteoric growth era ending? Bloomberg News Join the conversation → More Sandrine Rastello 3 Comments Reddit Twitter Canada Goose also said that revenue would rise at least 20 per cent this fiscal year — less than analysts’ 26 per cent forecasts — and predicted eight new stores by the end of the winter selling season. Adjusted net income per share will rise at least 25 per cent, also short of the 29 per cent growth forecast from analysts.Key InsightsFourth-quarter gross margins of 66 per cent beat analysts’ expectations, easing concerns that arose in February, when the impact of Ontario’s minimum wage increase took investors by surprise and sent the stock lower. Canada Goose also updated longer-term guidance. It now expects margins before interest and taxes to grow by 100 basis point between 2019 and 2022 and average revenue growth of 20 per cent.Related Stories:Micron revenue beats, sees signs of improving demandSchlumberger Announces Second-Quarter 2019 ResultsWalgreens third-quarter profit falls 23.6%Market ReactionCanada Goose U.S. shares dropped 14 per cent in premarket trading in New York. While they’re up 12 per cent this year through Tuesday’s close, that’s still about 27 per cent below levels preceding news of the arrest of Huawei Technologies Co.’s finance chief in Vancouver, which sparked a diplomatic row between Canada and China.Bloomberg.com last_img read more