Canada's Canada Goose Q1 revenue rises 10%, beats estimates

Canada Goose Holdings

30/07/2026 12:30

Overview
Canada outerwear maker's fiscal Q1 revenue rose 10%, beating analyst expectations
Adjusted net loss narrowed from prior year as gross margin improved
Revenue growth driven by Asia Pacific, North America and larger wholesale order book

Outlook
Canada Goose expects fiscal 2027 revenue to grow by approximately low-single digits
Company sees fiscal 2027 adjusted EBIT margin in the range of 11% to 12%
Company anticipates lower consumer demand, softer traffic and reduced confidence in key markets

Result Drivers
WHOLESALE GROWTH - Co said wholesale revenue rose 66.5%, driven by a larger planned wholesale order book, stronger in-season orders, and shipment timing
E-COMMERCE STRENGTH - Double-digit e-commerce growth across all regions partially offset a 3.2% decline in DTC comparable sales
GROSS MARGIN EXPANSION - Gross margin rose to 62.4% from 61.4% due to favorable channel and region mix

Company press release: ID:nBw9NVsbsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$118.90 mln
C$108.76 mln (8 Analysts)
Q1 Adjusted Loss Per Share
 
C$0.89
 
Q1 Loss Per Share
 
C$0.93
 
Q1 Adjusted Net Loss
 
C$86.50 mln
 
Q1 Gross Margin
 
62.40%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for Canada Goose Holdings Inc is C$16.00, about 23.2% above its July 29 closing price of C$12.99
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
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July 30 - Adidas Q2 revenue rises 14% on DTC and e-commerce growth
July 29 - VF Corp beats Q1 revenue estimates, raises FY27 outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)