- Canada Goose (TSX:GOOS) announced financial results for Q1 fiscal 2026 ending June 29, 2025, highlighted by a 22.4 per cent year-over-year increase in revenue, supported by a 25.9 per cent jump in gross profits and substantially lower net debt
- While management isn’t issuing yearly guidance, the team remains optimistic about the company’s growth plan moving forward
- Canada Goose is a high-performance outerwear, apparel, footwear and accessories brand
- Canada Goose stock has added 4.02 per cent year-over-year but has given back 44.41 per cent since 2020
Canada Goose (TSX:GOOS) announced financial results for Q1 fiscal 2026 ending June 29, 2025, highlighted by a 22.4 per cent year-over-year (YoY) increase in revenue to C$107.8 million, driven by the launch of the brand’s Spring-Summer 2025 collection, its second Snow Goose capsule, adding two stores to its permanent store count – now standing at 76 – as well as a concerted marketing effort featuring influencers and celebrity guests.
This content has been prepared as part of a partnership with Canada Goose Holdings Inc., and is intended for informational purposes only.
Here are the YoY highlights:
- Direct-to-consumer revenue added 23.8 per cent to C$78.1 million thanks to comparable sales growth of 14.8 per cent and revenue from non-comparable stores.
- Wholesale revenue rose by 11.9 per cent to C$17.9 million driven by shipment timing and increasing demand.
- Other revenue grew by 31.1 per cent to C$11.8 million supported by a higher number of Friends & Family events.
- Gross profits soared by 25.9 per cent to C$66.2 million, with gross margin increasing from 59.7 per cent to 61.4 per cent, thanks to a higher margin contribution from Canada Goose’s European knitwear facility.
- Selling, general and administrative expenses came in at C$224.9 million, up from C$149.5 million YoY, because of a C$43.8 million (US$32 million) reward following arbitration with a former supplier, as well as increased spending on global expansion, marketing, product design and merchandising.
- Adjusted EBIT registered a loss of C$106.4 million, up from C$96 million YoY.
- Operating loss amounted to C$158.7 million, up from C$96.9 million YoY.
- Net loss attributable to shareholders was C$125.2 million, up from C$77.4 million YoY.
- Adjusted net loss attributable to shareholders was C$88.2 million, up from C$76.1 million YoY.
- Net debt of C$541.7 million, down from C$765.9 million YoY, facilitated by higher cash balances and lower credit facility borrowing.
The company ended Q1 with C$439.5 million in inventory, representing a reduction of 9 per cent YoY, which Thursday’s news release describes as “reflecting higher demand and our continued proactive approach to managing inventory.”
As discussed in Wednesday’s profile, while Canada Goose will not issue 2026 guidance because of potential fallout from US tariff renegotiations with global partners, the company remains a resilient and proven option to weather tough economic times into the next global growth cycle.
Leadership insights
“We’re off to a strong start, brand heat is rising and our direct-to-consumer (DTC) performance is delivering,” Dani Reiss, Canada Goose’s chairman and chief executive officer, said in a statement. “We’re executing with precision, from bold storytelling to smarter retail moves, and it’s showing up in results. I’m optimistic about the momentum we continue to see as we deliver more relevant product and run a tighter, more focused business.”
About Canada Goose
Canada Goose is a high-performance outerwear, apparel, footwear and accessories brand on a mission to help explorers thrive in all environments while preserving the planet they roam.
Canada Goose stock (TSX:GOOS) is down by 6.28 per cent on the news trading at C$16.57 as of 10:27 am ET. The stock has added 4.02 per cent year-over-year but has given back 44.41 per cent since 2020.
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