Canada Goose Holdings Inc

Latest Results (08.11.2025):

Canada Goose Holdings Inc. reported its financial results for the second quarter of fiscal 2026 ended September 28, 2025, marking a period of mixed performance. The company posted modest overall revenue growth with total revenue increasing 1.8% to $272.6 million, driven by robust DTC (direct-to-consumer) sales. However, rising SG&A expenses led to an operating loss and a net loss attributable to shareholders, amid challenges in product costs and margin pressures. Strengths in inventory management and reduced net debt, along with strategic brand initiatives and store expansion, were also highlighted as the company positions itself for the peak season.

DTC Sales Growth

DTC revenue soared by 21.8% to $126.6 million (up 20.5% on a constant currency basis), driven by a 10.2% rise in comparable sales. This performance underscores the company’s effective strategies in sharpening customer engagement, leveraging in-season product newness, and consistent marketing efforts.

Total Revenue & Segment Performance

Total revenue reached $272.6 million, experiencing modest growth. Wholesale revenue saw a slight decline of 1.0% to $135.9 million, and other revenue dropped significantly due to fewer Friends & Family events and employee sales. This mixed performance indicates varying dynamics across different sales channels.

Profitability & Margins

While gross profit increased by 3.7% to $170.1 million, the quarter was marked by an operating loss of $17.6 million, compared to operating income in the prior year. The net loss of $15.2 million and an adjusted EBIT turning negative reflect the pressure from higher product costs as well as increased SG&A expenses driven by expanded retail execution and marketing investments.

Balance Sheet & Debt Management

Operational improvements were evident in inventory management with levels down 3% year-over-year and in the focused reduction of net debt to $707.1 million from $826.4 million. The refinancing of a term loan facility further reflects disciplined capital management amidst evolving market conditions.

Strategic Initiatives & Governance

The report also detailed the launch of the Fall/Winter 2025 collection, strengthened brand partnerships, and store footprint expansion along key global markets. Additionally, board changes and the early renewal of the Normal Course Issuer Bid highlight proactive steps to optimize capital allocation and reinforce shareholder value for Canada Goose Holdings Inc.