Canada Goose (GOOS) Q4 2025 earnings summary

Executive summary

• Q4 revenue increased 7% year-over-year to $384.6M, driven by strong DTC performance, effective marketing campaigns, and new product launches such as Eyewear and Sea Mantra rainwear.

• DTC comparable sales grew 7% in Q4, with North America leading at 17% growth, and strong store conversion in the UK and Greater China.

• Inventory was reduced for the sixth consecutive quarter, down 14% year-over-year, improving inventory turns and operational efficiency.

• Achieved key FY25 operating imperatives, including brand evolution, retail execution, and operational simplification.

• Corporate headcount reduced by 3% year-over-year, supporting improved efficiency and engagement.

Financial highlights

• Q4 consolidated revenue was $384.6M, up 7% (4% constant currency); DTC revenue reached $314.1M, up 15.7%, while wholesale revenue declined 23.2%.

• Gross margin expanded by 620 basis points to 71.3% in Q4 and 69.9% for the year, up 110 basis points year-over-year.

• Adjusted EBIT for Q4 was $59.7M, up 49% year-over-year; full-year adjusted EBIT was $171.4M, nearly flat year-over-year.

• Adjusted net income per diluted share was $0.33 in Q4 and $1.12 for the year, up 13% year-over-year.

• Net income attributable to shareholders was $32M in Q4 and $94.8M for the year.

Outlook and guidance

• No formal financial outlook for FY26 due to macroeconomic and trade uncertainty, despite positive early Q1 sales momentum.

• Strategic focus remains on marketing, product innovation, and channel expansion, with increased marketing spend planned.

• Management remains confident in brand strength, financial position, and adaptability.