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 returned to growth, up 54.4% in Q4 and 11.7% for the year, led by EMEA and Asia Pacific, reflecting improved demand and inventory health.

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

• Strategic investments in marketing, product innovation, and retail network expansion increased brand momentum and DTC traffic.

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.

• Adjusted EBIT for Q4 was $64.9m (margin 14.3%); full-year adjusted EBIT was $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).

• Marketing costs declined 8% year-over-year, supporting higher conversion rates.

Outlook and guidance

• Fiscal 2027 revenue expected to grow low single digits year-over-year, led by DTC and supported by pricing actions and expanded product assortment.

• Adjusted EBIT margin guidance for fiscal 2027 is 11–12%, representing 130–230 bps of margin expansion.

• Margin improvement to be driven by favorable channel mix, pricing, operational efficiencies, and lapping non-recurring items.

• Modest margin pressure expected in H1, with expansion in H2 as revenue scales into peak season.

• Macro environment expected to remain challenging, with softer demand trends and cautious consumer sentiment.