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Sep 28
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Canada Goose Q2 2026 Earnings Report
Canada Goose reported its second quarter fiscal 2026 results, showcasing strong DTC performance and positive comparable sales growth.
Key Takeaways
Canada Goose delivered a solid second quarter for fiscal 2026, with total revenue increasing by 1.8% to $272.6 million. This growth was primarily fueled by a robust 21.8% increase in DTC revenue, driven by 10.2% comparable sales growth. Despite a decrease in wholesale and other revenues, the company improved its gross profit and gross margin, reflecting effective strategy execution and a favorable shift towards DTC sales. However, operating income turned into a loss, and net income attributable to shareholders also saw a loss compared to the prior year.
Total revenue increased by 1.8% to $272.6 million, or down 0.8% on a constant currency basis.
DTC revenue surged by 21.8% to $126.6 million, with DTC comparable sales growth of 10.2%.
Gross profit rose by 3.7% to $170.1 million, with gross margin expanding to 62.4% from 61.3% in the prior year.
The company reported an operating loss of $17.6 million and a net loss attributable to shareholders of $15.2 million.
Canada Goose
Canada Goose
Canada Goose Revenue by Segment
Canada Goose Revenue by Geographic Location
Revenue by Segment
DTC Revenue
CapyFin.comWholesale Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Canada Revenue
CapyFin.comUnited States Revenue
CapyFin.comGreater China Revenue
CapyFin.comAsia Pacific (excl. Greater China) Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
The company is entering peak season with confidence, focusing on strategic investments, product elevation, and expanding its retail footprint. It also announced an early renewal of its normal course issuer bid to repurchase shares.
Positive Outlook
- Continued momentum with DTC comparable sales growth for three consecutive quarters.
- Successful launch of Fall/Winter 2025 collection with elevated designs and seasonal relevance.
- Strengthened global brand cultural resonance through purposeful partnerships and new brand ambassadors.
- Expanded and elevated store footprint, including a relocated Paris store and one new store opening.
- Reduction in net debt due to disciplined working capital management and cash generated from operations.
Challenges Ahead
- Wholesale revenue decreased by 1.0% as reported and 4.8% on a constant currency basis.
- Other revenue significantly decreased by 62.0% due to fewer Friends & Family and employee sales events.
- Selling, general and administrative expenses increased, primarily due to store execution ahead of peak season and increased marketing spend.
- Operating income shifted to a loss of $17.6 million from a positive $1.6 million in the prior year.
- Net loss attributable to shareholders was $15.2 million, compared to a net income of $5.4 million in the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income