Canada Goose Holdings Inc. unveiled its fiscal third quarter 2026 earnings presentation, highlighting strong top-line growth during the peak holiday selling period.
Key Financial Results
Total revenue climbed 14.2 percent year-over-year to C$694.5 million, reflecting 13.2 percent growth on a constant currency basis.4748
Direct-to-consumer (DTC) sales rose 14.1 percent to C$591.0 million, bolstered by 6.3 percent comparable store growth across retail and e-commerce channels. Wholesale revenue expanded 16.6 percent to C$88.3 million, driven by shipment timing.47
Gross profit increased 13.7 percent to C$513.8 million, with gross margin at 74.0 percent, down slightly from 74.4 percent due to shifts in product mix. Selling, general, and administrative expenses reached C$313.6 million, up from higher retail operations, marketing, and a one-time bad debt provision.
Operating income stood at C$200.2 million. Net income attributable to shareholders totaled C$134.8 million, or C$1.36 per diluted share. Adjusted net income came in at C$142.3 million, or C$1.43 per diluted share.48
Year-to-Date Performance
For the first three quarters, revenue reached C$1,074.9 million, up from C$963.8 million last year. Adjusted EBIT totaled C$83.1 million, with a margin of 7.7 percent.
Strategic Updates and Balance Sheet
Canada Goose launched Fall/Winter 2025 campaigns, including New Heirlooms and Snow Goose, to boost brand momentum and repeat purchases. The company opened four new stores, bringing the permanent store count to 81, featuring a new design in relocated Milan.
Inventory levels held steady at C$408.7 million year-over-year. Net debt fell to C$413.0 million from C$546.4 million, aided by working capital management and operating cash flow.
Leadership Insights
Chairman and CEO Dani Reiss commented, “Our third-quarter results underscore the strength of our global brand and top-line engine, with broad-based revenue growth and continued momentum across key regions and channels.”
Reiss noted, “Margins this quarter reflected deliberate choices we made to expand product relevance and fuel brand momentum. Our focus now is converting this demand into stronger profitability.”47
