GOOS · Canada Goose Holdings Inc.

Canada Goose delivered strong Q4 FY2026 results with revenue surging 17.9% to $453.3m, driven by 15.2% DTC growth to $361.7m featuring 10% comparable sales from improved conversion, store productivity, and digital engagement, alongside 54.4% wholesale growth to $49.1m from earlier Spring/Summer shipments and higher in-season orders. Gross margin dipped to 69.6% from 71.3% due to product mix, higher wholesale proportion, and freight costs, while SG&A rose to $250.5m primarily from $8.4m store impairment and higher incentives, yielding operating income of $64.9m and adjusted EBIT of $64.9m. For full FY2026, revenue grew 13.3% to $1,528.2m with DTC up 15.9%, but adjusted EBIT margin contracted to 9.7% from 12.7% amid elevated SG&A from brand investments, product development, retail expansion, and non-recurring items like arbitration and bad debt. CEO Dani Reiss highlighted broad-based growth, product newness including Lunar New Year and Spring collections, brand campaigns boosting new and repeat customers, and efficiency gains like dynamic labor planning. Balance sheet strengthened with net debt down 6% to $383.2m and flat inventory at $386.3m, supported by working capital discipline; nine net new stores opened, totaling 88 globally. FY2027 guidance signals low-single digit revenue growth from pricing, product depth, wholesale, and stores, offset by softer demand, with adjusted EBIT margin expanding to 11-12% via gross margin gains, SG&A leverage, despite inflation and supply pressures, assuming stable tariffs.