Canada Goose (GOOS) Q2 2027 earnings summary

Executive summary

• Q2 FY2027 revenue rose 5.9% YoY to $274.0m, or 4.9% in constant currency; adjusted EBIT loss widened to $21.6m from $14.2m.

• FY2027 outlook was reiterated, while H1 adjusted EBIT margin expanded 170 bps YoY.

Financial highlights

• Gross profit rose 10.4% to $182.9m; gross margin expanded 280 bps to 66.8%.

• SG&A increased to $204.5m from $183.3m, reflecting marketing and brand investment and expanded store-network costs.

• Adjusted net loss was $19.3m, or $0.20/share, versus $13.3m, or $0.14/share; net loss attributable to shareholders was $18.8m, or $0.19/share.

• H1 revenue was $389.9m versus $362.9m; operating loss was $123.5m versus $176.9m.

Outlook and guidance

• FY2027 revenue growth guidance remains low single-digit on a constant-currency basis; adjusted EBIT margin guidance is 11%–12%.

• Outlook assumes growth from pricing, broader assortment, a larger wholesale order book and new stores, partly offset by softer demand, traffic, confidence and travel.

• U.S. tariffs effective August 22, 2026 are expected to reduce FY2027 adjusted EBIT margin by ~100 bps; gross-margin benefits from pricing and efficiencies face product-mix and cost pressures.