Canada Goose (GOOS) Q2 2026 earnings summary

Executive summary

• DTC comparable sales grew 10–10.2% year-over-year, marking ten consecutive months of positive comps and robust execution in all regions, especially the U.S. and China.

• Q2 revenue increased 1.8–2% year-over-year to CAD 273 million (USD 272.6M), led by 21–22% DTC revenue growth and continued product innovation.

• Strategic marketing, product collaborations, and new brand ambassadors enhanced global brand engagement, particularly in APAC.

• Store network expanded with new openings and relocations, including a flagship in Paris and a new store in Macau, elevating in-store experiences.

• Launched Fall/Winter 2025 collection and expanded global presence through high-profile partnerships.

Financial highlights

• DTC revenue rose 21–22% year-over-year to $126.6M, while wholesale revenue declined 1–5% to $135.9M; other revenue dropped 62% to $10.1M.

• Gross margin expanded by 110 basis points to 62.4%, with gross profit up 3.7% to $170.1M.

• SG&A expense rose to $187.7M (up 16%), reflecting store expansion, marketing, and a one-time $43.8M arbitration award.

• Adjusted EBIT was a loss of $14.2M (vs. $2.5M profit prior year); adjusted net loss attributable to shareholders was $13.3M ($0.14 per share).

• Net loss attributable to shareholders was $15.2M ($0.16 per share), compared to a profit last year.

Outlook and guidance

• Entering peak season with strong DTC comps and confidence in store and e-commerce channels.

• Management expects margin expansion over the medium and long term as marketing and store investments deliver returns.

• Continued focus on leveraging fixed costs through comp sales growth and disciplined SG&A management.

• Ongoing investments in product, brand, and consumer experience to drive business expansion.