Canada Goose (GOOS) Q4 2026 earnings summary

Executive summary

• Fourth quarter revenue rose 18% year-over-year to $453.3m, with full-year revenue up 13% to $1,528.2m, driven by broad-based growth across regions and channels.

• DTC comparable sales grew 10% in Q4 and 8% for the year, marking five consecutive quarters of positive growth, led by e-commerce and supported by store growth.

• Wholesale channel returned to growth, up 54.4% in Q4 and 11.7% for the year, driven by EMEA and Asia Pacific, with improved product flow and inventory.

• Expanded product assortment and earlier Spring/Summer launches enhanced year-round relevance and broadened customer engagement.

• Strategic investments in product innovation, brand campaigns, and retail network expansion supported growth and higher conversion rates.

Financial highlights

• Q4 gross profit increased 14.9% to $315.4m; gross margin was 69.6% (down from 71.3% last year) due to product and channel mix and higher freight/duty costs.

• Adjusted EBIT for Q4 was $64.9m (margin 14.3%), up from $59.7m, with full-year adjusted EBIT at $148.0m (margin 9.7%).

• Q4 net income attributable to shareholders was $28.1m ($0.28 per diluted share); full-year net income was $22.5m ($0.23 per diluted share).

• Adjusted net income for Q4 was $36.3m ($0.37 per diluted share); full-year adjusted net income was $77.1m ($0.78 per diluted share).

• Inventory remained flat at $386.3m, with inventory turns improving 20% year-over-year to 1.2x.

Outlook and guidance

• Fiscal 2027 revenue expected to grow low single digits year-over-year, led by DTC and supported by pricing actions and new store openings.

• Adjusted EBIT margin projected at 11–12%, representing 130–230 bps expansion, driven by gross margin improvement and SG&A leverage.

• Margin pressure anticipated in H1, with expansion in H2 as revenue scales into peak season.

• Revenue growth to be driven by pricing, expanded product assortment, larger wholesale order book, and new store openings, partially offset by softer consumer demand.

• Guidance reflects caution due to softer demand trends, macroeconomic uncertainty, and supply chain cost pressures.