Canada Goose Holdings Inc
TSX:GOOS
Canada Goose Holdings Inc
Canada Goose Holdings, Inc. engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. The company is headquartered in Toronto, Ontario and currently employs 3,590 full-time employees. The company went IPO on 2017-03-21. The Company’s apparel collections include various styles of parkas, lightweight down jackets, rainwear, wind wear, knitwear, footwear and accessories for fall, winter, and spring seasons. The firm operates through three segments: Direct-to-Consumer (DTC), Wholesale and Other. The DTC segment comprises sales through country-specific e-commerce platforms and its Company-owned retail stores located in shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including various department stores, outdoor specialty stores and individual shops, and to international distributors, who are partners that have exclusive rights to an entire market. Within the Other segment, comparative information also includes sales of personal protective equipment (PPE).
Canada Goose Holdings, Inc. engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. The company is headquartered in Toronto, Ontario and currently employs 3,590 full-time employees. The company went IPO on 2017-03-21. The Company’s apparel collections include various styles of parkas, lightweight down jackets, rainwear, wind wear, knitwear, footwear and accessories for fall, winter, and spring seasons. The firm operates through three segments: Direct-to-Consumer (DTC), Wholesale and Other. The DTC segment comprises sales through country-specific e-commerce platforms and its Company-owned retail stores located in shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including various department stores, outdoor specialty stores and individual shops, and to international distributors, who are partners that have exclusive rights to an entire market. Within the Other segment, comparative information also includes sales of personal protective equipment (PPE).
Revenue Growth: Canada Goose reported a 13% year-over-year increase in Q3 revenue, reaching $695 million, with strength in both direct-to-consumer and wholesale channels.
DTC Momentum: The direct-to-consumer business saw its fourth straight quarter of positive comparable sales growth, with comps up 6% and strong double-digit growth in North America and Asia Pacific.
Margin Pressure: Adjusted EBIT margin contracted by 450 basis points to 29.3%, mainly due to higher SG&A expenses, a shift in product mix, and discrete items including a one-time bad debt provision.
Profitability Focus: Management highlighted renewed efforts to drive margin expansion in fiscal 2027 through store labor optimization, improved marketing efficiency, and potential retail network adjustments.
Inventory & Balance Sheet: Inventory remained flat at $409 million despite strong sales, and net debt decreased to $413 million from $546 million last year, reflecting disciplined working capital management.
China Strength: Mainland China was a standout market, delivering robust consumer demand and strong digital and store performance.
Outlook: Margin expansion is targeted for fiscal 2027, with more detailed guidance to come next quarter; continued top line growth and operational discipline are top priorities.
