Canada Goose Holdings trimmed its annual profit forecast and missed market estimates for third-quarter revenue on Thursday due to choppy sales in China, a key market for luxury goods, sending its shares down 4% in morning trading.

Weak consumer spending in China has been a major concern for the luxury goods industry, slowing demand recovery in the region, significantly impacting brands like Canada Goose. The company's third-quarter revenue fell to C$607.9 million ($423.59 million), from C$609.9 million a year earlier.

(Reuters) -Canada Goose Holdings trimmed its annual profit forecast and missed quarterly revenue estimates on Thursday due to choppy sales in key luxury goods market China, sending its U.S.-listed shares down 6% in premarket trading.

Canada Goose’s revenues in the fiscal third quarter ended December 29 came in below Wall Street’s estimates as DTC comps missed plan, down 6.2 percent. Earnings on an adjusted basis in the third quarter rose 7.0 percent while overall sales declined 2.2 percent.

TORONTO - Canada Goose Holdings Inc. reported its third-quarter profit rose compared with a year ago as its revenue edged lower.

TORONTO — Canada Goose Holdings Inc.'s third-quarter profit ticked higher as the company worked to make its operations "more flexible and nimbler," but warned of headwinds materializing in China.