Canada Goose (GOOS) Q3 2026 earnings summary

Executive summary

• Q3 revenue increased 14% year-over-year to $694.5M, driven by strong DTC and wholesale performance, especially in North America and Asia Pacific, with four consecutive quarters of positive DTC comparable sales growth.

• Expanded retail presence with new stores in Chicago and China, and relocated Milan store, boosting brand momentum and consumer engagement through focused marketing and product relevance.

Financial highlights

• DTC revenue rose 14% to $591.0M, with 6% comparable sales growth; wholesale revenue increased 17% to $88.3M, driven by shipment timing and in-season demand.

• Gross profit was $513.8M (74.0% of revenue), with gross margin down 40 bps year-over-year due to product mix shift toward non-down-filled outerwear.

• Adjusted EBIT was $203.7M (29.3% margin), down from $205.2M (33.8% margin) last year.

• Adjusted net income attributable to shareholders was $142.3M ($1.43 per diluted share), compared to $148M ($1.51) last year.

• SG&A expenses rose to $314M (45% of revenue), impacted by a one-time $15M bad-debt provision, retail expansion, and higher marketing spend.

Outlook and guidance

• Management expects continued strong revenue growth in Q4, with momentum from January and Lunar New Year shopping, and is focused on margin expansion initiatives targeting significant improvement for fiscal 2027.

• Further details on fiscal 2027 guidance to be provided at year-end.