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.