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Mar 30
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Canada Goose Q4 2025 Earnings Report
Canada Goose reported solid Q4 2025 results with strong DTC sales and improved margins, while wholesale and other channels declined.
Key Takeaways
Canada Goose delivered C$384.6M in revenue and C$27.1M in net income for Q4 2025. The company saw strong growth in DTC and Asia Pacific, but faced declines in wholesale and EMEA revenues. Gross margin improved due to favorable channel mix.
Revenue rose 7.4% to C$384.6M, driven by strong DTC performance.
Net income grew to C$27.1M, up from C$5.0M last year.
Gross margin improved to 71.3%, reflecting lower inventory provisions and a higher DTC mix.
Wholesale and EMEA revenues declined significantly year-over-year.
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
Canada Goose did not issue formal guidance for FY26 due to macroeconomic uncertainty, but reaffirmed strategic priorities focused on marketing, retail execution, and product expansion.
Positive Outlook
- Enhanced marketing investment to drive brand engagement.
- Strong start for new product categories like Eyewear.
- Ongoing store expansion and experiential retail improvements.
- DTC growth momentum continues into next fiscal year.
- Healthy balance sheet with reduced net debt.
Challenges Ahead
- No FY26 guidance provided amid macro uncertainty.
- Wholesale segment underperformed, especially in EMEA.
- Ongoing pressure from dynamic consumer spending patterns.
- Inventory and logistics must stay optimized to prevent margin erosion.
- Competition and seasonality could impact topline performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income